Why Planet Fitness, Hertz, and Avis Shares Are Soaring by Double Digits Monday

Shares of Planet Fitness (NYSE: PLNT), Hertz Global Holdings (NYSE: HTZ), and Avis Budget Group (NASDAQ: CAR), three companies that would greatly benefit from a rebounding economy, were jumping over 10% Monday morning as a number of positive developments give investors hope.

One of the major driving forces for Monday's early rally was Federal Reserve Chairman Jerome Powell's comments Sunday on 60 Minutes:

There's a lot more we can do. We've done what we can as we go. But I will say that we're not out of ammunition by a long shot.

Continue reading

Source Fool.com