Jim Cramer said on CNBC TV on March 3 that investors aren’t ready for a possible post-COVID travel boom on pent-up demand. Cramer anticipates a ferocious travel recovery from the pandemic, which would be positive for companies with exposure to the travel industry and for the U.S. economy overall.
CNBC notes that optimism surrounding travel and flying is growing as COVID vaccinations are becoming more widely available. In early March, President Joe Biden said the U.S. is on track to have enough doses for every American adult by the end of May – two months sooner than the administration had predicted.
Shares of travel-related companies had been hit the hardest since the pandemic began, including cruise operators, airlines, hotels and restaurants. Now that the world is “reopening,” it could be time for a recovery in share prices.
Read our research on why airline stocks could be a buy after a gloomy 2020.
U.S. Global Investors has authored and is responsible for the summary on this page. All opinions expressed and data provided are subject to change without notice. Opinions are not guaranteed and should not be considered investment advice. The outbreak of the COVID-19 pandemic and the resulting actions to control or slow the spread has had a significant detrimental effect on the global and domestic economies, financial markets and industries, including airlines. U.S. Global Investors continues to monitor the impact of COVID-19, but it is too early to determine the full impact this virus may have on commercial aviation. Should this emerging macro-economic risk continue for an extended period, there could be an adverse material financial impact to the U.S. Global Jets ETF.