Virgin America has just reported its fiscal Q3 financial results before the opening bell, and profits are up by about 24% due to increase in passenger traffic and higher fare rates. Operating revenue was also up by about 4.7%, totaling $405.5 million.

Banks, tech, Sears and airlines dominate the conversation.

The company delivered stellar second quarter results back in late July, prompting a flurry of positive estimate revisions from analysts.

Stocks were able to leverage some optimistic news and dovish words from the Fed to take another stab at an upside breakout attempt last week.

After a weak start to the year, the transportation sector has been performing quite well thanks to an improved economic picture.

Fundamental and technical analysis of Southwest Airlines. Since the Trend Spotter signaled a buy on 6/19 the stock gained 25.07%.