|Bid||21.97 x 1100|
|Ask||0.00 x 1000|
|Day's Range||30.30 - 30.50|
|52 Week Range||26.46 - 33.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.33|
|Expense Ratio (net)||0.60%|
Defined levels of support and resistance are setting up some interesting trades for those looking to trade a move higher in airline stocks.
US airline stocks gained massively on June 13 after a JPMorgan Chase analyst said that the carriers are lifting fares more rapidly than anticipated. The analyst believes that in addition to the strong travel demand, US air carriers are also benefiting from a reduction in the supply of flights and seats due to the worldwide grounding of Boeing’s 737 MAX jets.
The U.S. plans to not renew Iran oil import waivers previously granted for a few countries, sending oil prices shooting up. A few sector ETFs will gain and some will lose from the move.
ETF investors who are looking into the airline industry may find that airline carriers’ business models have evolved over the years as airliners try to find new revenue streams.
Amid rising oil prices and the controversy surrounding Boeing's 737 Max planes, it has been a trying year for airline stocks and the US Global Jets ETF (JETS) . JETS seeks to track the performance of the U.S. Global Jets Index, which is composed of the exchange-listed common stock (or depository receipts) of U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies across the globe. “High-profile names including American Airlines, United Continental and JetBlue Airways are rallying this week, with the NYSE Airline Index up about 2.5 percent since Monday,” reports CNBC.
A record number of Americans are expected to fly this spring encouraged by low fares, abundant air service and a healthy economy.
The US Global Jets ETF (JETS) took off on Wednesday following the latest news that Boeing unveiled a bevy of fixes for its 737 Max planes, saying that the planes are now safer as a result of these latest changes. The plane's Maneuvering Characteristics Augmentation System (MCAS automated flight control system) will obtain data from both angle of attack sensors as opposed to just one. An indicator to the flight control display will be available so pilots know when the angle of attack sensors are in disagreement.
Airline stocks should benefit from a busy spring travel period and reduced operating costs. These three leading carriers could take off.
Southwest Reached an Agreement with Its MechanicsReached agreement with the union After a bitter dispute for six years, Southwest Airlines (LUV) is finally going to make peace with its mechanics. The company and the AMFA (Aircraft Mechanics Fraternal
Stabilizing fuel costs coupled with an improving supply/demand setting could be just what airline stocks need to take flight.
Boeing Hits an All-Time High, Becomes the Best Dow Performer YTD(Continued from Prior Part)Boeing to speed up 737 jet production The Boeing Company (BA) will ramp up the production of its best-selling and most profitable 737 jet model in early June
Delta’s January Traffic Growth Matches Its Capacity Growth RateTraffic matches capacity Delta Air Lines (DAL) reported its January operating performance results on February 4. Last month, the airline’s traffic (revenue passenger miles) increased
Can Spirit Airlines Maintain Its Earnings Momentum in Q4?(Continued from Prior Part)Falling oil pricesSince October, oil prices have been seeing a bearish trend. Concerns about a supply shortage have vanished. Oil prices have fallen ~29.6% from
The South African economy received a boon last week from its largest trade partner, China, as authorities in Beijing promised to implement monetary and fiscal stimulus. In the U.S., despite the three-week funding deal announced last Friday, airlines were brought to the very edge by the longest government shutdown in history. FAANGs caught this week’s podium with earning releases while worries regarding the slowdown in global economic activity and uncertainties over Sino-U.S. relations took a toll on the U.S. dollar. Finally, investors took interest in leveraged bets on commodities as oil surged after U.S. slapped fresh sanctions on Venezuela. Check out our previous trends edition at Trending: Investors Turn to Dividend Aristocrats Amid Market Volatility.