Ari Wald, an analyst with Oppenheimer, has come out with a technical analysis arguing that “with interest rates bottoming, reflationary sectors should deliver strong performance in the second half,” reports Barron’s. In this economic environment, Wald says he is looking at buying transportation stocks, and within that sector, he likes airlines best.
The Barron’s article shares an excerpt from Wald’s July analysis: “Within transports, our high-conviction idea is to keep buying the airlines following a major breakout in trend.” He goes on to mention the U.S. Global Jets ETF (NYSE:JETS) as a way to gain “broad-industry exposure.” Explore the full article from July 10 on Barrons.com.
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