Airline ETF (FAA) Cleared For Takeoff
March 12, 2010 at 10:23 AM EST
Airline stocks have been flying high in 2010 thanks to renewed hopes over an economic recovery, an uptick in business travel, and a stronger dollar. The Claymore/NYSE Arca Airline ETF (FAA) has shot higher on the news, gaining nearly 5% on the week and 15% so far on the year. A slight pullback in oil [...] Related Stories: Will Industry Recovery Boost Airline ETF? UAL Earnings Boost Airline ETF Beyond XLY: Three Pure Play Consumer Discretionary ETFs