"Read past the headlines, and you will realize there's opportunity brewing in the airline sector." Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance The old Wall Street saying, "Buy the rumor and sell the news" might be worth heeding right now in the travel sector. This morning, I told War Room members that the airlines were all reporting weak numbers as a result of the COVID-19 spike that is taking place in the U.S. But dig a little deeper, and you'll see that the news is actually not bearish going forward. There may be an opportunity brewing the in the airlines sector - the news coming out is negative, but with a positive outlook, as most of the big airlines are seeing bookings lower now, but also picking up as cases of COVID-19 begin to plateau.
Looking backward and to today, the news definitely sounded bad. Traffic and capacity were heading lower. But those were just the headlines... |
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