United Reports Flight Delays and 2 Hot Stocks Not to Miss
United (NYSE:UAL): Current Price $26.32
A major blizzard that is set to hit the North-east and New England this weekend results in 2,925 flight cancellations today and 1,008 for tomorrow. Cancellations today by airline: United (NYSE:UAL) 472, Delta (NYSE:DAL) 305, Jetblue (NASDAQ:JBLU) 274 and American Airlines (AAMRQ.PK) 186.
Walgreen (NYSE:WAG): Current Price $41.42
Retail chains in the New England region such as Walgreen (NYSE:WAG), Wal-Mart (NYSE:WMT), Kroger (NYSE:KR), and Safeway (NYSE:SWY) could benefit from higher sales due to panic stocking by consumers as they brace for the whopper of a snowstorm.
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Saks (NYSE:SKS): Current Price $10.79
Luxury stores across New York set up to woo Chinese customers out on a shopping binge during the Chinese Lunar New Year beginning February 10. From giant illuminated snakes on the exterior of Bulgari, to Mandarin speaking staff at the upscale Bergdorf Goodman department store, the red carpet is being rolled out for these high spending tourists. Saks (NYSE:SKS) Fifth Avenue and Macy’s (NYSE:M) have even made arrangements for the acceptance of China UnionPay credit cards proffered by Chinese customers not having American cards. Easier visa regulations and more frequent flights have led to the number of Chinese tourists increasing annually, and they are specially welcome this year, a slow winter for US tourism.