Traveling to the Airline Sector
American Airlines and Delta could help your money soar.
Insiders are buying airline stocks at the fastest clip since 2009. What do they know? Well, probably a lot more than what the pundits are pushing on TV or blogs.
The economy will slow in 2019, but GDP is not going to turn negative.
And one sector that is seeing some nice insider buying is the airline industry. Last year, we saw some significant buys at United Continental Holdings (Nasdaq: UAL) just before the shares popped by about 40%. More shares were bought even after the pop!
Late in 2018, insiders at American Airlines (Nasdaq: AAL) and Delta (NYSE: DAL) bought shares. The sector is cheap right now, and fundamentals look great. Crashing oil prices have been a huge bonus to these carriers, as their second-largest expense behind labor is fuel.
Picks in the sector worth watching now are American Airlines, Delta and Southwest Airlines (NYSE: LUV). American Airlines is offering the biggest upside potential, with shares trading well below the prices those “in the know” paid.
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