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On CNBC's "Trading Nation," Bill Baruch of Blue Line Capital said the airline sector is a very tough space right now and investors should pick names they like. He added that President Trump won't let these companies disappear so this is providing some support.
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Baruch said the airlines stocks may not perform throughout this year or at least through the next couple of months, but he would take a look at Southwest Airlines Co (NYSE:LUV).
The low that Southwest tested in March and April is the 61.8% retracement from the 2009 low. He sees that as a good technical support. If the stock could break above $38, it could reach $44 in the near term. In 2021 and 2022, Baruch expects Southwest to be a better performer than its peers.