Continental Airlines (CAL) Downgraded (No Stock Market Watch Thread Today)

[Lucky Luciano]

Goldman Sachs has downgraded (CAL), this coming shortly after JPMorgan also downgraded (CAL). Look out below!
Other stocks to watch for this are:
AMR - Parent company to American Airlines.
JBLU - Jet Blue
UAUA - Unite Airlines


Airlines usually trade very well corrleated to each other though a downgrade in one could upset that balance a bit. Naturally, airlines are also negatively correlated to oil in the short term.

[Aviation Pro]

1. Ain't that the sad truth....

Interesting that the only carriers being downgraded are legacy and national (the difference is based on the date of certification and annual revenue).