Top Stories
Top Stories

David Gerstenhaber’s ‘relatively easy’ stock pick

VIDEO3:3403:34
Gerstenhaber: Impressed with Japan

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.

Read MoreWhat Nouriel Roubini has to say about monetary easing

On CNBC's "Halftime Report, " Gerstenhaber also said that he was positive on American Airlines and Canadian Pacific, though not on speculation about an acquisition of CSX.