JETS’ underlying index shows a forward price-to-earnings ratio of about 9. In contrast, the S&P 500 index is trading near a 18.6 P/E.
“NERI was positive in April for a tenth straight month, but is down to a still-impressive 14.7% from a record high of 64.0% in January. The forward profit margin has shot up vertically from 5.5% at the beginning of 2014, but edged down to 12.8% in the latest week from a record high of 13.0% in late March,” according to Yardeni Research.
JETS Top 10 Holdings
Chart Courtesy: U.S. Global Investors
