Welcome to Markets Desk, your midday read on what's moving money.
Delta Air Lines delivered a strong second quarter in two thousand twenty six, raising guidance and signaling that demand for premium travel remains resilient. Shares are climbing, with analysts holding a moderate buy and price targets reaching as high as one hundred sixteen dollars. Premiumization continues to be the story here, and Delta is executing on it.
Turning to Asia, Hong Kong's Hang Seng closed Friday just above the twenty four thousand one hundred seventy five level after snapping a three-day winning streak the session prior. The index had gained more than eight hundred points in that earlier run, and the market is positioned for additional movement heading into Monday's session. Regional sentiment remains cautiously constructive.
Meanwhile, Michael Burry, the investor made famous by the Big Short, has taken positions in DraftKings and Flutter, the two dominant names in U.S. sports betting. His thesis centers on regulatory pressure against prediction markets like Kalshi, which he believes will redirect capital back toward traditional sportsbooks. Wall Street analysts largely agree both stocks look undervalued at current levels.
That's the tape. Markets Desk, signing off the floor.
