Cheap Stocks to Buy Under $10 – JetBlue (JBLU)
If you believe that bluer skies are ahead in 2014 (pardon the pun!) then JetBlue (JBLU) is a great option to play increased consumer and business travel.
Airline consolidation after the merger of bankrupt AMR Group (AAMRQ) with U.S. Airways (LCC) has many industry experts concerned about rising ticket prices thanks to less competition. And while that’s not necessarily great for the flying public, it is good for airline margins.
That airline industry rallied across 2013, and JBLU stock is up about 55% in the last year. There’s a change that a continued earnings expansion could power even more growth in the new year, and a smaller discount carrier like JetBlue could see a bigger and faster pop than its larger competitors as a result.
If you’re looking for the best cheap stocks under $10 to buy, look no further.