My attention is now strictly macro events.AC's fundamentals are strong, so now it's all on the market. AC does have some catalysts on the horizon (contract with flight attendants, open skies agreement with China), However there are a series of events over the next 6 weeks that will have an impact on the share price.
-Canada jobs data released this Friday could play in to strengthening the Canadian dollar. I'm not sure what to expect from this report, but given the stabilization of the economy, it could be good. There are a few factors pointing to a stronger dollar. Oil price stabilizing, positive GDP, and of course jobs.
-The Canada election will no doubt have an impact on the TSX. I'm expecting any party other than the PC being re-elected will have a negative impact on the market.
-Asian markets stabilizing. It appears most of the world market has found it's footing
-Fed holding off on raising rates. The fed meeting later this month should prove to be interesting. I'm hoping they just make an announcement to hold off to 2016. This would cause a significant rally in our dollar and AC as well
-Transportation sector rebounding. The months of continued downtrend has been severely overdone. Despite most retailers bias towards AC, it has mostly followed the trend of the transportation sector and DJUSAR index over the past couple of years. Also a 6 month downtrend on the TSX most certainly weighs on the stock price.
-Earnings season for the airline sector. Delta is set to report next week and could set the tone for the sector.