I'm on record as not being particularly enthusiastic about the overall stock market. But it doesn't mean we should stop looking for opportunities to speculate and invest.
I see one right now with the airline sector, and specific stocks like Delta (DAL), Southwest (LUV), Allegiant (ALGT), and others.
Watch the video or read more below!
It's funny because a friend asked me about 6 months ago if it was a good time to buy shares of a carrier like Delta, et al.
I said "no" - the stocks had already come very far, very fast. It was better to wait for better (i.e. 'lower' prices).
In essence, investors' attitudes about airline stocks had flipped 180 degrees since August of last year, when I created this video for the publishing group I was working for at the time.
Back then, no one wanted to buy airline stocks - and every stock I talked about in that video doubled between August last year and March of this year.
Anyway, fast-forward to the present and these same stocks are now all down around 20% off their March 2021 highs.
In my opinion, that means it's time to buy as Wall Street analysts have been busy raising their earnings forecasts for these companies for 2022 and 2023, in anticipation of a return to a post-pandemic economy.
Best of goodBUYs!