These 5 Stocks are Gaining Today

In this article, we discuss the 5 stocks gaining value on Friday. If you want to see some more companies on the list, go directly to These 10 Stocks are Gaining Today.

5. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 49

Shares of Delta Air Lines, Inc. (NYSE:DAL) rose over three percent in pre-market trading Friday after receiving an upgrade from Cowen. The research firm lifted its ratings for the Georgia-based airline from “Market Perform” to “Outperform,” citing a solid Q4 outlook.

The upgrade came a day after Delta Air Lines, Inc. (NYSE:DAL) issued upbeat guidance for the current quarter amid robust demand. The company now expects adjusted earnings of $1 – $1.25 per share versus the consensus of 79 cents. Moreover, revenue for the same period is expected grow in the range of 5 – 9 percent over the comparable quarter of 2019.

Delta Air Lines, Inc. (NYSE:DAL) released the outlook along with its third-quarter results. The airline reported adjusted earnings of $1.51 per share on revenue of $12.84 billion. The results were marginally below the consensus of $1.53 per share for earnings and $12.9 billion for revenue.