Stocks We Like This Week
In Best Stock Market Charts this week we discuss which stocks we plan on swing trading this coming week. We like certain technology stocks such as Slack $WORK, consumer stocks such as Beyond Meat (BYND) and sectors such as the banks (XLF) and (FAS) ETFs and utility ETFs such as the (XLU) and the leveraged ETF (UTSL). Boeing (BA) is looking ready to begin to rally with the large cap Dow Jones and S&P 500 stocks.
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BA is a laggard and will probably continue to be one. The problem I see right now is almost everything is rebounding which may mean we will have another leg down until people realize everything won't be the same again after the virus is under more control.
Agreed, a bit too soon to invest in the travel industry i'd say. They'll have a lot more hurt by the time this is done.
I don't see why anyone would invest in airlines like $BA or cruise lines right now. It will still be a long time before those companies have any sense of a recovery.