Buy, buy. In fact, competition defined the winners and losers in todays hohum session. Lets start with some winners. Because the performances were so stark they deserve to be called out right at the first of the show, for example, look at the stocks of the airlines today. First, there was the culmina of a series of mergers that left a few major airlines. Obviously, supply came out of the doggy dog route, allowing airlines to raise prices. Less competition, a robust most airlines werent able to take advantage of the rise in prices to expand. They couldnt add enough capacity if they wanted to. But then 2015, the airlines added not only lots of planes, they tried to take advantage of higher prices by competing with each other, just like the old days. Well, the pricecutting led to lower earnings per share. Very few are interested in investing with those with stocks shrinking. The airlines became the singleworst sector to own in the market. The increase in terrorism overseas made competitio
Wherever you find intense competition, investors run as fast as they can from the competition. But when you see a lessening of competition either from capacity shutdown or cut back, you have an opportunity, buy, buy, buy, buy, buy. In fact, competition defined the winners and losers in todays hohum session. Lets start with some winners. Because the performances were so stark they deserve to be called out right at the first of the show, for example, look at the stocks of the airlines today. First, there was the culmination of a series of mergers that left a fueumew major airlines. Obviously, supply came out of the doggy dog route, allowing airlines to raise prices. Less competition, a robust economy means everrising profits. Most airlines werent able to take advantage of the rise in prices to expand. They couldnt add enough capacity if they wanted to. But then 2015, the airlines added not only lots of planes, they tried to take advantage of higher prices by competing with each other, ju