Related: Smart Beta ETFs Make Some Quality Calls
Some analysts and market observers anticipate continued strength for the airline industry. For example, Goldman Sachs anticipates strong revenue trends in 2019 to coincide with a heightened focus on cost controls, according to Seeking Alpha. Citi sees sector strength in the U.S., which could help offset unit revenue pressure in international markets.
“PEJ is already set to wrap up November with its biggest monthly gain since May, up nearly 3% so far. Further, the ETF is set to topple its 10-week moving average for the first time since late September, before the shares pulled back to test the round-number $40 region, which acted as a floor in 2017,” according to Schaeffer’s.
Dow component Walt Disney Co. (NYSE: DIS), PEJ’s third-largest holding, is another consumer discretionary name with a reputation for performing well in the last month of the year.
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