I am about 90% an investor and 10% trader. Used to just trade and usually I would wait for a stock to fall in a day and then set up the limit orders, then the trailing stop loss orders, to make a quick 4% to 5% gain. Alaska Air Group seems like a buy right now after today's 9% drop. History shows us typically this stock falls for a few days in a row after a >7% drop and then tends to rebound over the course of a month.
In the past I have listened to the pros at Raymond James and they back a month ago said to buy Alaska Air Group (https://fintel.io/news/raymond-james-maintains-alaska-air-group-alk-strong-buy-recommendation-275). Would it be wrong to assume travel is going to begin to steadily glide upward as COVID is basically done for the most part and that regardless if we enter a recession in the coming 6 months or we continue to do fine people in the USA have taken up credit card debt racking as a way to pay for everything. The same argument could be made for lesser known travel stocks including cruise lines and rental car companies.
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