Spirit Airlines, Colgate-Palmolive, PayPal: Trending Tickers
Spirit Airlines (SAVE) stock drops upon reports that JetBlue (JBLU) may seek to terminate its deal with the discount airline operator
Colgate-Palmolive (CL) posts strong fourth-quarter results attributed to its Latin American consumer markets.
Lastly, PayPal (PYPL) announces new AI-driven product innovations.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
BRAD SMITH: Stocks mixed as core PCE. Inflation cools even more than expected. Boosting investor hopes for early and aggressive Fed rate cuts. Although, right now, you're taking a look at the Dow, the lone gainer. That's flat just barely to the upside while the S&P 500 and the NASDAQ are lower.
SEANA SMITH: All right. Brad, certainly no shortage of news here this morning. So let's take a look at some of the trending tickers topping "Yahoo Finance's" page right now. Look at that Spirit of just about 16%. Sinking after JetBlue notified the airliner that their deal may be terminated.
Now, JetBlue saying in a regulatory filing that it is exploring its options. But the terms of that $3.8 billion deal may not be satisfied by the January 28 termination date. Now, this, of course, coming just a few weeks after the carrier said that they would appeal the federal judge's decision to block the deal.
BRAD SMITH: And Colgate-Palmolive reporting strong fourth quarter results with strong pricing driving organic sales higher. The company seeing year-over-year double-digit percentage growth in its Latin America division and its Africa, Eurasia division. Shares higher by about 2%.
SEANA SMITH: And PayPal on the move after announcing six AI-driven product innovations that will roll out throughout this year. Now, the stock initially dropping on the news as investors had expected maybe a bit more from the payments giant giant. But, again, you're looking at losses at least today of off just about 7/10 of a percent.
