Credit Suisse analyst Julie Yates just released the results of the firm’s latest survey of 71 hedge funds and long-only airline investors. Here’s a summary of the key findings.

More than half (61 percent) of respondents believe that airline stocks will outperform the market in 2016.

In terms of industry concerns, respondents named weak unit revenue trends resulting from too much capacity as the top issue for airline stocks. Respondents are also concerned about demand and the potential for a U.S. recession.

Despite maintaining a bullish overall outlook, hedge funds have reduced their long positions and increased their overall short exposure to airlines in the past six months.

In terms of top stock picks, Southwest Airlines Co LUV 1.1% was the consensus top airline stock, receiving more than twice as many votes as any other stock. The second most popular stock was…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!