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We recently published These 10 Stocks are Stealing the Spotlight. Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the stocks that soared higher on Tuesday.
Hertz Global jumped by 14.33 percent to close at $7.34 apiece as investors cheered stabilizing oil prices and expectations of continued travel demand thanks to the ceasefire between Israel and Iran.
As of this writing, Brent crude prices are down by 6.07 percent at $67.14/bbl, while WTI crude oil eked out a 1.10-percent gain at $65.08/bbl.
Oil prices immediately dropped earlier this week after President Donald Trump intervened and announced a total ceasefire between the two Middle Eastern countries.
The decline, coupled with expectations of continued travel demand, benefited Hertz Global Holdings, Inc. (NASDAQ:HTZ), with the weeks of conflict significantly weighing down on air travel.
Hertz Global Holdings, Inc. (NASDAQ:HTZ) is an American car rental company based in Florida, which owns brands, namely Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
While we acknowledge the potential of HTZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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