Once oil stabilizes and the market sentiment inst so dismal JBLU will return to $27.00 and I think $35.00 by years end.
No other airline has had the growth or success JBLU has experienced the last few years.
Good performance and great earnings eventually will pay off.
JetBlue Technology Ventures is additionally thinking outside the box.
Correction the zika virus and oil are keeping this stock down!!!!!!!!!!!!!!!!!!!!
Sentiment: Strong Buy
Dam zeka virus, is keeping this down, but they are raking in the doe non-the-less!!! Eventually it will hit $30+++++.
$11 based on the 2 year chart. Price pressure above and below has sqeezed this airline. It's still a high quality airline at good fares, the price will bounce off $11 and head north from there.
I think it this is a global manipulated impact. There is no logic to airline stock prices declining. Record profits and low oil. It should be moving the opposite way. Zika virus? Thats a joke. Not all flyers are pregnant. I am hurting right now but I think it will go back up.
Market sentiment usually looks at least 6 months out. Airlines struggling leads me to believe wallstreet sees oil headed back up soon or the economy swirling to the left in a vortex at the bottom of the toilet bowl. Maybe both.
I was in DAL and sold it at 40 when ebola broke out...when it hit 32 I went all in...I even cash out my mutual fund ...ebola ended and it did a bee line to 50 when I sold..and oil was I believe $50....what I am trying to say is I bought today and expect it to drop further...I will add on every down day as this isn't as bad as ebola..the big thing to worry about is this is a small airline and how bad they will miss their quarter over this...will wall street adjust their estimates...will JBLU come out with God awful prasm numbers.....I mean..it will get ugly...I can see $15 at the absolute low...that's when I will once again cash in all my holding and buy
As far as the ecomony..they are not effected by the strong dollar ...wages increased...and unemployment is below 5%...so suck it
One thing I didn't include is this ridiculous idea of a $10 tax on a barrel of oil. Oil is low because of high supply and low demand, so you're going to lower demand? This tax is just a tax on consumers that will take any saved money from low prices from them, take low air fares from them, and take potentially lower product costs from them by increasing the energy cost for manufacturing.