Why American Airlines, HP, Deutsche Bank and Two Other Stocks are Flying High Today

Page 2 of 2

Deutsche Bank’s Stock Recovers

Deutsche Bank AG (USA) (NYSE:DB) has gained nearly 7% so far today following a massive recovery in the markets worldwide as Brexit fears start to deplete. The German bank faces formidable challenges like drying capital and debt burdens. The stock has lost 20.41% over the last month. Bank of America’s Merrill Lynch has given a “Neutral” rating to Deutsche Bank AG. The firm argues that the bank’s restructuring steps will have “extreme outcomes”. Last month, Deutsche Bank AG (USA) (NYSE:DB) failed to pass Fed’s stress tests for the second year in a row. Only 10 of the funds in our database reported a long position in Deutsche Bank AG (USA) (NYSE:DB) in their latest 13F filings, up from nine registered a quarter earlier.

Follow Deutsche Bank Ag (NYSE:DB)

Copa Holdings’ Passenger Traffic Rises

Shares of Copa Holdings, S.A. (NYSE:CPA) have advanced by 8% after the company said its system-wide passenger traffic (RPM) jumped by 10.7% year over year in June 2016. The Panama-based airliner’s capacity decreased 0.6%.  Copa was also upgraded by Bank of America to “Buy” from “Neutral” in a report issued to the investors on Monday. As of the end of March, 11 hedge funds from our database held stakes in Copa Holdings, S.A. (NYSE:CPA).

Follow Copa Holdings Sa (NYSE:CPA)

Plains GP Holdings’ Agreement With Plains All American Pipeline

Plains GP Holdings LP (NYSE:PAGP)’s stock has jumped more than 12% today after Plains All American Pipeline, L.P. (NYSE:PAA) announced on Monday that it had entered into a definitive with Plains GP Holdings’ controlled affiliate Plains AAP L.P to permanently eliminate Plains All American Pipeline’s incentive distribution and economic rights associated with PAA’s 2% general partner interest in exchange for 245.5 million newly issued PAA common units assumption of all AAP’s outstanding debt worth $593 million. Among the funds in our database, 25 funds were long Plains GP Holdings LP (NYSE:PAGP) at the end of the first quarter. Alec Litowitz and Ross Laser’s Magnetar Capital owns about 3.83 million shares of the company.

Follow Plains Gp Holdings Lp (NYSE:PAGP)

Disclosure: None

Page 2 of 2