Time to add China Southern Airlines to my 50 Stocks Portfolio

Time to add China Southern Airlines to my 50 Stocks Portfolio

You might know that China Southern is the largest airline in China. But I bet you didn’t know that it has the largest fleet (702 planes) of any Asian airline. I’ve been looking to add shares of China Southern Airlines (ZNH) to my long-term 50 Stocks ever since I saw the newest list of the world’s 20 busiest airports from the Airports Council International on April 6.

Day Two of the rally in Shanghai

Day Two of the rally in Shanghai

Granted you can draw a trend line with just two data points, but it doesn’t indicate very strong trend. The Shanghai Composite Index closed up 0.84% last night, taking the index to 3117. This comes after the Wednesday gain of 0.8% to 3091.