I am not sure that this always makes sense, since sometimes it can take a very long time for a stock to recover fully from its low especially when your talking about airlines that have been hit so hard from covid and have not yet fully recovered to there original operations. It is very possible that it will reach the pre covid price but you can sometimes do better in other companies in that time, but how knows it has just gone up since I sold my shares.
Well that sector happened to recover very fast, actually too fast, given the loses they suffered and are still suffering, but that's the nature of the current stock market.
Just give a look at the names he mentioned, LUV has fully recovered, DAL pretty much too. Others did also extremely well, like JBLU, ALK. If someone entered at the lower points that would be a 200%+ gain in less than a year. That's a huge number for an entire sector other than EV..
And btw, retail recovery also performed greatly, and perhaps too fast. Companies like, M, KSS, JWN, BBBY etc. All way above pre Covid valuations.
These sectors were almost fatally hit by the Pandemic, more than other sectors in general. People were genuinely concerned that these big names will go bankrupt like others did. And yet here we are still in middle of the pandemic with all these stocks making a killing. That's why I believe UAL will soon catch up too. And remember that the robbinhoodies haven't spend yet this round's stimulus...
