Who wins with weaker oil?(Read article summary)
If commodities keep getting weaker this summer, airlines stocks will benefit
One of my key themes for this summer is weaker (relatively speaking) commodities. If I'm right (and I have been so far), one of the biggest beneficiaries will be the airline sector. I know we all hate these stocks but JPMorgan's legendary airline analyst Jamie Baker is basically saying to hold our noses and buy this morning.
Notable Calls, as always, has the crucial points rounded up nicely:
- AMR Corp (NYSE:AMR) to Overweight from Neutral with a $9.50 price target (prev. $8.50)
- JetBlue (NASDAQ:JBLU) to Overweight from Neutral with a $8.00 price target (prev. $7.00)