Delta Air Lines stock continues to appear headed higher despite an already strong run-up so far this year, Argonaut Capital Management's CEO, David Gerstenhaber, said Tuesday.
"I think you can talk about Delta as a relatively easy pick. The airlines have consolidated quite nicely," he said. "They're now oligopolistic, and they simply are not adding the capacity that was the case in the past. And I think that you have upside in Delta as a result."
The carrier's stock is up nearly 60 percent year to date, at around $43 per share in midday trading Tuesday.