Below is a note by CEO Keith McCullough on why we're removing Spirit Airlines (SAVE) from Investing Ideas today.
"Given the stock’s big move this week and my top-down bullish view on Oil prices, I don’t want an airline stock in my top INVESTING IDEAS. Fundamentally, our Industrials guru, Jay Van Sciver, still likes SAVE. His Institutional Research call this week had UAL on the short side though. So what I’d really like to do is get SAVE at a lower price on another correction and short UAL on a bounce."
Click here to read Van Sciver's original report on Spirit Airlines.