Petrides “likes the airline stocks since he believes the economic backdrop of low unemployment and low oil will lead to an increase in air travel. The NYSE Airline index, which tracks the biggest airline companies, has gained nearly 16 percent this year,” according to CNBC.
The U.S. Global Jets ETF (NYSEArca: JETS), the only available pure-play fund that focuses on the global aviation industry, is up 12.61% this year.
“Some of the larger companies within the sector are trading at or near their all-time highs, implying that upside for the overall sector could be limited since it is market-cap weighted,” according to CNBC.
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