(24 April 2020)DAILY MARKET BRIEF 2:Do we have almost forgotten the US-China trade war

<p>On the earnings side, American Airlines earnings are due today before the opening bell and the latest EPS estimate points at -2.26, like Delta Airlines which has posted its first loss in 9 years earlier this week. Now it is not said that the headline figures will shoot the stock price down. The ultra-low oil prices should decrease operating costs and redress the airline companies’ results in the coming quarters, but it will also depend on how fast the activity will pick up. American Airlines shares dropped from 30 to 9 since February, a quite dramatic fall. We see opportunity in buying the dip in airline stocks where the downside potential is probably, almost-fully exploited, as the coronavirus-led sell-off has certainly hit a bottom near these levels. Government help to save the airline companies should also help bettering the investor mood.</p>