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Airline stocks rally as COVID-19 trends improve

The airline sector is having a strong day on more confidence that booking trends will improve in the U.S. as vaccinations ramp up further. Earlier in the day, Deutsche Bank was the latest firm to turn positive on airline stocks with a general update to Buy. “We are upgrading our investment stance on the sector as COVID cases, hospitalizations, and vaccination rates are all trending in the right direction.

We are also encouraged by the industry’s nonstop pursuit of numerous initiatives to mitigate the spread of COVID and increase the confidence of the flying public. Two recent examples include the announcement of support by the US airline industry for an international contact tracing program and IATA’s trialing of Travel Pass, a mobile application that is akin to a digital passport which allows passengers to securely match an itinerary to local COVID-19 testing requirements and ensure that they are in compliance.”

Gainers include American Airlines (AAL +10.2%), United Airlines (UAL +5.6%), JetBlue (JBLU +6.0%), Delta Air Lines (DAL +5.6%), SkyWest (SKYW +5.8%), Hawaiian Holdings (HA +6.1%) and Spirit Airlines (SAVE +5.3%).The U.S. Global Jets ETF (NYSEARCA:JETS) is up 4.25% on the day.

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Belgium Business Confidence Improves In February

Belgium’s business confidence rose in February, boosted by improvements in all sectors, survey data from the National Bank of Belgium showed Monday. The business confidence index climbed to -4.4 from -7.5 in January. Morale improved strongly in the business services and trade sectors on more positive assessment of the demand outlook. The corresponding indexes rose by more than 6 percentage points.

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3 Top Stock Trades for the Week

Weakness is hounding equities this morning, but the damage isn’t widespread. In fact, my carefully curated list of 17 potential bullish ideas for the new week only has seven tickers in the red. The other ten are solidly in the green, which suggests bears still lack teeth here. As such, we’re going to stick with long ideas for this week’s edition of my top stock trades.

I’m following my preferred course of diversified offerings. Fortunately, there’s no shortage of strong sectors and industries to choose from. From a pattern perspective, two of my picks offer breakouts and the third just formed a retracement, or buy the dip setup. Their daily charts deserve attention, but the weekly time frame backs up my bullish bias.

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Tips for Avoiding an Out of Money Experience

Do you run out of money before you run out of month? Many do, but it doesn’t have to be that way! Wealth is the result of widening the gap between what you earn and what you spend. Most of us make the mistake of ramping up our spending as our disposable incomes rise. This is self-defeating. If you do not develop a respect for money, it will always elude you.

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