Bull’s Eye Report: JetBlue (JBLU)

JBLU is the high flyer when it comes to airline stocks

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

 

Company Symbol Industry Stock Rating YTD% Gain S.T.
Stop Loss
JetBlue Airways Corp JBLU Airlines 8.8 +17.29% $6.65

Why We Like The Stock:

JetBlue Airways Corp. (NASDAQ:JBLU) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) in an attractive industry, Airlines. Like its competitors United Continental Holdings (NYSE:UAL), Southwest (NYSE:LUV), and Delta Airlines (NYSE:DAL), JBLU has dispayed considerable strength so far in 2013. Airlines have been on our radar for buying opportunities in the intermediate-term, and JBLU is a very attractive prospect at current prices. Since August 2012, the stock has been firmly entrenched in an uptrend, making higher highs and higher lows along the way. More recently, JBLU has been consolidating gains in April and is now rounding out right above its 50-day moving average. We like JBLU at current prices for a run back up to April highs at $7.21, as well as a longer-term hold as long as Airlines continue to exhibit strength.

We Would Be Buyers:

At the current price (~$6.87).

Company Profile:

JetBlue Airways Corporation is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft. As of December 31, 2011, it served 70 destinations in 22 states, Puerto Rico, Mexico and 12 countries in the Caribbean and Latin America. Most of JetBlue flights have as an origin or destination in New York or one of its other focus cities: Boston, Fort Lauderdale, Los Angeles, Orlando or San Juan, Puerto Rico. As of December 31, 2011, the company operated an average of 700 daily flights. The Company’s operations primarily consist of transporting passengers on its aircraft with domestic United States operations, including Puerto Rico, which accounted for 85% of its capacity in 2011.

Stock Rating: 8.8

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

JetBlue – Last Three Months

JBLU 1 Bull's Eye Report: JetBlue (JBLU)

JetBlue – Last 12 Months

JBLU 2 Bull's Eye Report: JetBlue (JBLU)

JetBlue – Last Five Years

JBLU 3 Bull's Eye Report: JetBlue (JBLU)

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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.


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