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.
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The S&P Airline Industry Sub-Index is a capitalization-weighted index that tracks the companies in the airline sector as a subset of the S&P 500.
The S&P Industrials Index is a capitalization weighted index that tracks the companies in the industrials sector as a subset of the S&P 500.
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References to other funds should not be interpreted as an offer of these securities.