Smug Millennials Tried Outsmarting Warren Buffett on Airline Stocks – And Failed
Airline stocks plunged by double digits as investors realized their horrid financials. American Airlines, as an example, is burning through $40 million in cash per day to cover daily costs. JPMorgan and Citi analysts doubt the upward trend of airline stocks is sustainable. Robinhood-using millennials and retail traders thought they outsmarted Warren Buffett
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