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TGI - Why Shares of General Electric Embraer and Triumph Group All Soared Higher Mondayday
Triumph Group Inc.
Airlines have been hit hard by the COVID-19 pandemic. The industry's struggles have brought down many stocks that rely on aviation for a substantial chunk of their revenue. But airlines in recent days have been mounting a comeback, and the stocks that accompanied them on the way down are now rallying as well.
Shares of Embraer (NYSE: ERJ) traded up 18% heading into the close Monday, while shares of Triumph Group(NYSE: TGI) gained 15% and General Electric(NYSE: GE) climbed 8% for the day.
These companies share one important group of customers.