Tom Lydon of ETF Trends notes the effect that bargain hunters had on the airline industry in early September following a market sell-off, as cheaper valuations sent some airline stocks higher. In fact, Lydon notes that when Deutsche Bank announced its upgraded outlook of two well-known airline names, it cited “attractive valuations and optimism over the recent dip in energy prices.”
The article goes on to explain what else is moving this global industry, along with the U.S. Global Jets ETF (JETS).
Article summary written by U.S. Global Investors.