Today we are watching…
1. American Airlines (#amerair)
Investors have been debating the perfect moment to buy into airline stocks and catch their coronavirus lows. After all, passenger volume has only ever increased since World War 2. A rebound is inevitable. However, sporadic bankruptcies in the sector may also be inevitable as early as May, according to the CAPA Centre for Aviation. President Trump sent shares in American Airlines flying yesterday by affirming that big mainline carriers in the US would be given all the help they needed to stave off such a grim fate. That completely changes the complexion of investing in the industry, making a recovery a dead cert.
2. Starbucks (#sbux)
Investors have been debating the perfect moment to buy into airline stocks and catch their coronavirus lows. After all, passenger volume has only ever increased since World War 2. A rebound is inevitable. However, sporadic bankruptcies in the sector may also be inevitable as early as May, according to the CAPA Centre for Aviation. President Trump sent shares in American Airlines flying yesterday by affirming that big mainline carriers in the US would be given all the help they needed to stave off such a grim fate. That completely changes the complexion of investing in the industry, making a recovery a dead cert.