Influential financial services company Credit Suisse recently boosted its estimates for four domestic carriers, including Delta Air Lines, American Airlines, JetBlue Airways and Southwest Airlines, according to ETF Trends’ Tom Lydon. Combined, these four companies make up 41 percent of the weight in the U.S. Global Jets ETF (JETS).
Lydon goes on to highlight some of the more “predictable” catalysts for why JETS was up 5 percent in the two weeks ended September 11: “low oil prices,” “robust demand for air travel,” “compelling valuations” and “rising profits.”
Article summary written by U.S. Global Investors.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice. By clicking the link(s), you will be directed to a third-party website(s). U.S. Global ETFs does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.
The U.S. Global Jets Index seeks to provide access to the global airline industry. The index uses various fundamental screens to determine the most efficient airline companies in the world, and also provides diversification through exposure to global aircraft manufacturers and airport companies. The index consists of common stocks listed on well- developed exchanges across the globe. It is not possible to invest directly in an index.
Market capitalization is the value of the fund as determined by the market price of its issued and outstanding stock.