In a note from Benzinga reporter Todd Shriber, he points out that investors shouldn’t be so quick to dismiss the U.S. Global Jets ETF (JETS) and airline stocks, despite their less-than-impressive performance so far this year. He says it often happens that airline stocks will move inversely with the price of oil, and with oil prices still well below their 2014 highs, he believes the outlook still looks promising.
Article summary written by U.S. Global Investors.
Past performance does not guarantee future results.