By: Steve Smith
Two years ago, Warren Buffet, who once swore he’d never again invest in airlines, gave the industry his blessing by investing some $10 billion in four of the major carriers. Since then, the stocks have had a bumpy ride. But now could be the time to get back on board.
Looking at the U.S. Global Jets Exchange Traded fund, one can see shares of airlines from late 2016, following the news of Buffet’s industry-wide investment.
They had an uneven performance — eventually peaking in early 2018 with a 25% year-over-year gain before tumbling this fall, now staging a small recovery.
And Here’s the deal… Continue Reading at StockNews.com