#6 - United Airlines (NASDAQ:UAL)
Airline stocks are drawing speculative buyers' attention with the “it’s Monday, so there must be another vaccine ready” market we’ve had in November. I’ll leave the coincidental timing of the vaccine announcements to people with a higher pay grade.
However, there’s no doubt that airlines must be breathing a sigh of relief. Through no fault of its own, this sector was devastated by the decline in air traffic. And while the sector has been coming back in fits and starts, the industry needs a vaccine badly.
The good news is when it does, air traffic should return, at least domestically. And that’s where I advise pumping the brakes just a bit on United Airlines (NASDAQ:UAL). Among the leading airline carriers, United has the most exposure to international flights. And that will probably be the last market segment to come back.
UAL stock has climbed 28% in the last month, and this seems like a case of too far too fast. It would seem like a good idea to wait on a better entry point.
About United Airlines
United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.
Read More - Current Price
- $94.80
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $88.28 (6.9% Downside)
