Is airline stock taking off? Analyst David Templeton, CFA, recently wrote in Seeking Alpha that BetterInvesting reported in August 2016 that members’ top buys included Southwest Airlines (LUV) along with that well-polished favorite, Apple (ticker: AAPL).
“So BI members seemed to be ahead of Warren Buffett’s interest in airline stocks,” Templeton wrote, citing a November 2016 Forbes article on Berkshire Hathaway’s purchase of shares in Southwest Airlines.
According to CNBC, Buffett’s Berkshire Hathaway began buying LUV stock sometime after Sept. 30.
BetterInvesting’s Most Active Stocks list reports the Top 10 buys and sells made by members. Templeton explained that he periodically reviews this stock market activity of BetterInvesting members to help gauge investor sentiment.
Meanwhile, Templeton noted that as of March 3, 80 sells of Apple were recorded by BI members as the stock hit a high price, while only 38 bought Apple.
But Apple is a long-time popular stock with our members; it’s once again No. 1 of the Top 100 Companies Held by Our Members for 2016, according to a list recently released by BetterInvesting Magazine. As of Dec. 31, 2016, 2,105 investment clubs held shares valued at $125.2 million.
Southwest Airlines has also been popular. The airline’s No. 30 on this year’s list, with 324 clubs holding shares worth $14.4 million.
BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was borne out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting, visit its website at www.betterinvesting.org or call toll free (877) 275-6242.