Should Investors Consider These Airline Stocks To Buy Now? 3 Names To Watch

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Nov 22, 2020 ( via COMTEX) —
Are These The Best Airline Stocks To Buy Before The End Of The Month Amid Positive Vaccine News?

Airline stocks[1] have been hit hard due to the coronavirus pandemic in the stock market[2] this year. Despite reported COVID-19 cases surging around the globe, investors may finally be seeing the light at the end of the tunnel. In recent weeks, top airline stocks[3] have been flying higher as positive vaccine news has fueled hopes of an early reopening. The NYSE Arca Airline Index (JETS Stock Report[4]) has increased by about 22% since the beginning of November. We have received positive clinical data from Pfizer’s (PFE Stock Report[5]) and Moderna’s (MRNA Stock Report[6]) coronavirus vaccines sending some of the best airline stocks to buy[7] higher. The companies reported their vaccines showed an effectiveness of 95%, and 94.5%, respectively.

While these top airline stocks may be trading at a big discount, cheap doesn’t always mean it’s a value buy (for the time being at least). So when there’s positive news announcing the high effectiveness of COVID-19 vaccine candidates, you can understand why investors have been on the hunt for the top airline stocks to watch[8] right now. After all, that could suggest that other vaccine candidates in the pipeline could have a good possibility of being successful as well.

For these reasons, airline stock investors have a lot of reasons to be excited again. The positive vaccine news could suggest that the coronavirus pandemic is finally coming to an end. But it’s important to note that it will take some time to distribute the vaccines to the masses globally. For investors betting on a full recovery in top airline stocks, patience is key. With all that being said, let’s take a closer look at 3 of the best airline stocks to buy or sell in the stock market today[9].

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