Nicholas Jacobino

2024 may turn out to be a strong year for travel demand, potentially breaking pre-pandemic records. Airlines stand to capitalize, making them a viable option for investor portfolios. Citi Managing Director and Equity Analyst Steve Trent joins Yahoo Finance's Julie Hyman for the latest edition of Good Buy or Goodbye where he provides insight into the investment outlook for the travel industry for 2024. Trent states his "Good Buy" is Delta Air Lines (DAL). Its loyalty program is robust, with an already large customer pool, that makes up a sizable piece of Delta's revenue. Trent argues that Delta has one of the strongest brands against other airlines, citing success despite the lower travel demand during the pandemic. He continues saying Delta can best capitalize on changing consumer habits in travel with the advent of remote work and buying experiences. Trent states his "Goodbye" stock is JetBlue (JBLU). He believes one of the top reasons to avoid this stock is due to its merger with Spirit Airlines (SAVE) which has "difficult" financials. Recently, the airline has been offering no-frills and discount options, which, according to Trent, "have done worse in the current environment than they used to." In addition, an unknown number of its aircrafts have issues with the geared turbofan engine which will take considerable time to fix. Click here to watch more "Good Buy or Goodbye" or you can watch this full episode of Yahoo Finance Live here.

The 2023 holiday season proved to be robust for US consumer spending, with consumer confidence rising. However, with many economic headwinds to weather in 2024, questions arise around the status of consumer spending going forward. Apollo Global Management Chief Economist Torsten Slok joins Yahoo Finance to discuss the current economic environment and lay out the possible risks to the consumer spending. Slok explains that consumers are beginning to run out of excess savings dating back decreased spending from the pandemic, and the combination of mortgage rates and resuming of student loans could be a significant blow to consumer spending. "At the same time, because of the Fed deciding to turn more dovish and the market interpreting that in a more dovish way, that is now becoming a bit more of a tailwind, so we don't anticipate that this will create a sharp slowdown," Slok says. "But, it is very critical that excess savings running out will begin to give a path for consumption where we are going to see a slower growth rate over the next several quarters. That should be a softer landing for the US economy overall." Editor's note: Apollo Global Management owns a majority stake in Yahoo, the parent company of Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Oppenheimer & Co Analyst, Hartaj Singh, recently upgraded Moderna (MRNA) shares to "Outperform," with a price target of $142 per share. News of the upgrade has caused shares of the stock to trade over 13% higher on Tuesday. Hartaj Singh joins the Live show to discuss why he upgraded the stock and take a deeper dive into Moderna's performance going forward. Singh explains that with he expects Covid-19 demand to be bottoming, adding that "if you believe that Covid-19 vaccine sales have... hit a bottom going forward, that essentially funds their pipeline and that pipeline is very important... there are some material catalysts that are coming." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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