US Global Jets ETF

JETS

Market cap $734M

Wall Street traded firmly higher at midday in New York on Monday, reversing overnight futures losses as investors brushed aside escalating tensions in the Middle East.

Airline stocks are taking a hit as a major Northeast snowstorm is leading to thousands of flight cancellations.

USO surged as oil jumped over 4% on rising U.S.-Iran tensions, lifting energy ETFs while pressuring retail, airline and India funds.

Launched on April 30, 2015, the U.S. Global Jets ETF (JETS) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Transportation/Shipping segment of the equity market.

Winter Storm Fern rattles the United States, lifting heating demand and natural gas prices as UNG stands out while airlines and consumers face headwinds.

U.S. airlines have already canceled almost 2,000 Friday and Saturday flights ahead of a winter storm expected to wallop two-thirds of the United States over the weekend, with flights out of Dallas among the most affected so far.

The massive storm presents a logistics puzzle for airlines, in part because it will also affect airports in the South. Expect horror stories.

U.S. Global Jets ETF (JETS) aims to offer economic exposure to the air travel industry (including airlines, aircraft manufacturers and airports). The fund is heavily concentrated in passenger airlines, with over 61% exposure to U.S. carriers, and a further 14% in international names. Airlines' razor-thin margins, weak balance sheets, and high vulnerability to exogenous shocks undermine the fund's long-term appeal.

The U.S. Global Jets ETF ( NYSEARCA:JETS ) captures exposure to the global airline industry without picking individual carriers.

Santa Rally may lift Wall Street! ETFs like MAGS, XME, JETS & ITA could benefit in Dec -- Jan amid seasonal optimism and market tailwinds.