Investor’s Business Daily writes that a strong dollar and weak crude oil prices have put pressure on gold recently, affecting investment products that hold the precious metal. IBD comments that weaker commodity prices in December have been constructive to the U.S. Global Jets ETF (JETS) however.
JETS holds 33 airline-industry stocks in its portfolio, many of which benefit from cheap fuel costs. Positive reports in names like Alaska Airlines for example also contribute to the ETF’s outlook as we near the end of the year. Alaska Air Group reported strong gains in capacity, with revenue passenger miles increasing 13 percent.
Article summary written by U.S. Global Investors.