ETF Trends’ Tom Lydon writes that with oil prices collapsing further, airline stocks have been “one of the positive areas in the market.” On Monday, December 7, oil fell to a seven-year low, helping airlines rally. Fuel is the airlines’ largest expense.
The four largest holdings in the U.S. Global Jets ETF (JETS) were up for the trading day.
Read the full article, “Why the Airline ETF Can Keep Soaring,” on ETFTrends.com.
Article summary written by U.S. Global Investors.