In Tuesday’s Blitz Daily, we take a look at travel name American Airlines as shares continue to surge on the strength of solid holiday traffic.
Travel stocks are ripping higher this week as TSA data shows the highest traffic levels since the start of the pandemic. Turnstile numbers for December show American travel demand is at 83% of 2019 levels, edging out the 81% mark set in November.
That increasing demand, along with bullish outlooks from other names in the sector, have pushed shares of American Airlines up more than 6.5% during the rally!
Of course that’s not the only high flyer hitting the tape Tuesday. I have two more options plays traders need to see before they take off for the holiday…
Anyone placing trades during the week may actually be stacking the cards against themselves…
Look, every week, thousands of headlines like earnings or bad news out of the Federal Reserve or China wreck what may seem to be perfectly good trade setups.
So instead of traders risking their hard-earned cash during the meat of the week, there’s a simple Friday afternoon strategy that is able to skip all of the madness…
It taps into some of the most reliable forces in the market, already giving New Money Crew Head Trader Lance Ippolito direct access to gains like 62% on PM, 28% on AMC and 30% on UAL, all in the past couple of weeks!
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