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$DAL 2Q15 Call: On the topic of hedging, Paul answered that DAL has not actually materially changed its hedge profile since February. He mentioned that there is not any urgency and DAL is not changing the course of action and is content with where the book sits right now.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.