Tom Lydon of ETF Trends highlights the recent decline in oil prices and explains how this has benefitted airline stocks such as those held in the U.S. Global Jets ETF (JETS). However, Lydon notes that some of these airline names could actually benefit even further if crude oil returned to a more normalized price.
The article goes on to explain that some of the JETS holdings have recently been rewarding investors with increased dividends and buybacks, more specifically, United Continental repurchased $3 billion worth of its own shares in July.
Article summary written by U.S. Global Investors.