Authored by TD Markets
Delta suffers following 5G disruption refers to the impact that the deployment of 5G technology may have on Delta Airlines and its operations. 5G technology uses high-frequency radio waves, which have the potential to interfere with some of the instruments used in aircraft, particularly the altimeter, which measures the plane's altitude.
Yesterday’s Movers:
- Plug Power Inc (PLUG) was down 8.06% following 2022 financial guidance
- Ford Motor Company (F) was down 7.92% as 200k cars were recalled for faulty brake lights
- XPeng Inc (XPEV) was down 7.44%
- Moderna Inc (MRNA) was down 6.72% as a South African study shows that the COVID boosters don’t prevent Omicron infections.
Earnings Due:
| Stock | Symbol | Announcement date | Release Time | EPS Estimate |
| American Airlines | AAL | 20/1/2022 | Estimated | -$1.03 |
| Netflix Inc | NFLX | 21/1/2022 | Post-Market | $2.56 |
| International Business Machines Corporation | IBM | 24/1/2022 | Estimated | $2.51 |
| Microsoft Corporation | MSFT | 25/1/2022 | Estimated | $2.08 |
Read More: What Is Non-Farm Payrolls (NFP)?
Stocks to watch
Delta Air Lines Inc (DAL)
Airline stock took a tumble as 5G towers had to be placed on hold following reports that the radio signal is interfering with older aircraft instruments. The negative sentiment forced all airline stocks to lower. As negative sentiment crept into the market as investors try to contemplate the impact that flight cancellations might have on the airline industry.
Technically the chart is lining up well for a longer-term short as the price broke and closed below the 50 and 20-day moving averages. Given a break of the current support level, there should be more downside to the bottom of the larger daily channel that the price is trading in following a rejection of the top of the channel.
