fbpx
QQQ
+ 0.00
328.59
+ 0%
DIA
+ 0.05
309.32
+ 0.02%
SPY
+ 0.00
383.75
+ 0%
TLT
+ 0.00
153.38
+ 0%
GLD
+ 0.00
173.60
+ 0%

Bill Baruch: Southwest Is Going To Outperform Peers In The Long Term

April 14, 2020 4:50 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Bill Baruch: Southwest Is Going To Outperform Peers In The Long Term

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.

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.


Related Articles

Amazon, DocuSign, Morgan Stanley, And More — UBS' Conviction Picks For 2021

UBS Group AG (NYSE: UBS) equity strategist Keith Parker gave the top 10 conviction stock picks for 2021, which, according to him, have an upside potential based on thei read more

'Fast Money Halftime Report' Traders Weigh In On Southwest Airlines, EA And More

From MeetMe To JC Penney: 8 Calls From Cramer

Will Carnival, Royal Caribbean Or Norwegian Stock Grow The Most By 2022?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week we posed the following question related to cruise line stocks: Over the next year, which cruise line stock will have the largest percentage gain? read more