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Finding Value in the JETS ETF
from Zacks Investment Research
After Warren Buffett’s Berkshire Hathaway upped its stakes in airline names this year, Zacks Investment Research writes that perhaps investors should pay attention to why the successful investment veteran changed his mind on the industry. “Normally, Buffett takes interest in companies trading below what he believes is their intrinsic value,” the article states. “He aims long-term outperformance and apparently ignores short-term downturns.”
Zacks believes this may be why he picked up airline stocks that are currently overlooked by investors. The U.S. Global Jets ETF (JETS) holds a variety of airline-related names, focused primarily on the four leading domestic carriers, but also on airline manufacturers. For more, check out the full article on Zacks.com.