Tatt Technologies Ltd [NASDAQ:TATT] will be one of the interesting stocks to watch in the next couple of week. A few weeks ago, the company released its Q2 results indicating a drop in revenues when compared to Q2 of 2019.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
The CEO attributed this to a decline in activity in the commercial aviation industry. He stated that the industry had been hit hard by the COVID-19 pandemic and this reflected in TAT’s earnings. He added that the cost of COVID-19 on the industry cannot be accurately quantified but it is huge. However, this is set to change soon.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Recently, the democrats stated that they were working on a $2.2 trillion stimulus package that they would engage republicans on. It is a package that is close to the $1.5 trillion that President had expressed willingness to agree to. Part of the package is a bailout to the aviation industry. As such, if it comes to fruition, the industry would come back to life and so would the revenues and value of this company.
It is also noteworthy that the underlying demand for air travel is still strong despite the pandemic. Data shows that the number of airline trips to nowhere are on the rise, as people catch flights that fly around then get back to their original point. It shows that once the pandemic is fully controlled, travel could return to normalcy. This brings in the second point, which is on a COVID-19 vaccine.
Once a COVID-19 vaccine is found, more people will be willing to travel both for business and leisure. So far, there are multiple companies working on a vaccine with strong government support for these efforts. It won’t take long before a breakthrough is found. One of the most promising vaccine candidates that the world is looking up to is the one by Oxford University and AstraZeneca.
If the late stage tests turn out well and a vaccine comes out successful, then air travel is likely to return, and companies like TATT that are heavily reliant on the industry are likely to do well..
Looking at its price action TATT is showing signs of increased optimism. The stock is currently in a breakout and if it opens the day above Friday’s close, it would be an indicator that bulls are firmly in control. This could see it test new highs in the day, and possibly in the week.
About TAT Technologies Ltd
TAT Technologies Ltd is an aerospace company with a global market presence. It is based in Gedera, Israel.