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Airline sector on watch after big boost of confidence from Omaha

Published 11/15/2016, 07:57 AM
Airline sector on watch after big boost of confidence from Omaha
JBLU
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LUV
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DAL
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UAL
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ALGT
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HA
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SAVE
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ALK
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AAL
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JETS
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  • Analyst are still buzzing over Warren Buffett's move to invest in four major airline stocks at once.
  • "What Buffett is basically saying is that the US industry has reached a position of relative stability and will behave," notes Hamlin Transportation Consulting analysts George Hamlin.
  • Other industry watchers think that the boost of confidence from Omaha could bring in a new wave of buyers to the sector which trades at low valuations.
  • Buffett picks in premarket trading: UAL +3.26% AAL +5.65% DAL +3.86% LUV +2.80%.
  • Other airline stocks: JBLU +1.77%, Hawaiian Holdings (NASDAQ:HA) +1.00%, while Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE) and Allegiant Travel (NASDAQ:ALGT) haven't started trading yet.
  • Related ETF: JETS.
  • Previously: Buffett buys airlines (Nov. 14)

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