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The stock market had a great week. Perhaps there is light at the end of the tunnel for the virus with all sorts of positive vaccine news reaching the public this week. The economy is not out of the woods yet, but any investment professional or informed individual investor knows that the markets price stocks and investments for the future, not the present. The usual time frame given by most is 6 months out regarding where the markets are pricing stocks. It appears that vaccines will be widely distributed by mid 20201.
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ValuEngine has previously recommended some big winners this week. Airline companies are a good example. American Airlines had a great week, up nearly 10%. Even after that great recent return, ValuEngine retains its strong buy signal going forward on AAL. The stock is still trading at less than half of its February 2020 level. It will take time, but there is strong potential for airline stocks. Scroll through the full report on AAL below.
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201123 ValuEngine report AAL
JetBlue (JBLU) and Spirit Airlines (SAVE) also continue their strong buy ratings at ValuEngine.
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