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CNBC's "Fast Money"

Airline Shares Take Off, But Should You Buy In?

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 15 March 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks of major U.S. carriers all in rally mode to start the week, with United seeing its best day since April. This as air passenger traffic hits its highest level in a year. But should you believe the bounce. Plus, as the Dow & S&P notch new record closes, one top strategist says its time to start buying back in on big tech. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

I'm Melissa Lee and this is Fast Money, tonight's Trader Light up Tim Seymour, Karen Feinerman

0:05.7

and Brian Kelly and Guy Adami, technology for her knitting will join us in just a moment.

0:10.4

Tonight I'm fast at this time to nibble on Big Tech.

0:13.3

That's the bolt call from BTIG's Julian Emanuel, where he is finding the next big opportunity

0:17.7

in this recent tech wreck.

0:19.1

Plus, a retail rocking, names like Macy's Nordstrom, the gap in rally mode, find out if you should

0:24.6

go shopping in some of these names and later, hot socks blazing higher, what one state

0:29.1

governor said about legalization that lit a big spark under this trade.

0:32.8

But we start off with an all clear for airline stocks, United, American, JetBlue, taken

0:37.7

off to the tune of 5% or more today with the United Seeing.

0:41.6

It's best day since November, the rally coming on the heels of this milestone, daily air

0:46.5

passenger traffic crossing at the 1.3 million mark over the weekend.

0:51.4

That's the highest level in a year.

0:52.6

So, is this the all-board with these stocks?

0:56.1

Tim, you've been in these stocks for a while, sticking by them?

0:59.9

Yeah.

1:00.9

Well, I think until we get into Memorial Day, in other words, the traffic is going to continue

1:06.4

and increase as the vaccines are also brought through.

1:10.0

And I just think with airlines, the multiples aren't attractive, especially on an enterprise

1:15.4

value basis, because a lot of them have a lot more debt on their balance sheets.

1:19.0

But I think they're going to overshoot.

1:21.0

And I think the pent-up dynamic, especially for the traders out there, says the valuations

...

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