Tom Lydon of ETF Trends writes that the U.S. Global Jets ETF has been a “solid performer as of late.” Lydon notes that several airline companies which are the largest holdings in the ETF have begun reporting quarterly earnings.
In addition, ETF Trends writes that Credit Suisse is bullish on three of the larger names in the fund, including Southwest Airlines, Delta Air Lines and United Continental Holdings. United has also benefited from revenue through the company’s credit card business.
Read more about why investors can consider the JETS ETF as a way to potentially benefit if oil prices remain low.
Article summary written by U.S. Global Investors.
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