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Airline ETFs Try to Pick Up Speed for Summer

from Benzinga

Although transportation stocks faced challenges at the start of 2018, some funds are starting to regain momentum, according to Benzinga.

Analyst Stewart Glickman reports that “CFRA [Research] attributes weakness in the airline stocks to higher jet fuel costs.” Despite this, he is clear that “we see many positives related to demand, pricing, cash flow and valuation that we think will drive increasing investor interest once the seasonally strong summer period starts.”

Glickman considers American Airlines Group (AAL), Delta Airlines (DAL), Southwest Airlines (LUV) and Alaska Air Group (ALK) to be some of the best-positioned names in the industry. The U.S. Global Jets ETF (JETS) holds all of the aforementioned stocks.

READ THE ARTICLE FROM BENZINGA

 

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