Why Keurig Green Mountain Inc (GMCR), JetBlue Airways Corporation (JBLU) and Sodastream International Ltd (SODA) Are 3 of Today’s Best Stocks

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After a tremendously profitable day on Friday, U.S. markets reversed course today as energy prices were decimated once again. Crude oil fell more than 5% and took big name energy stocks like Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) down with it, pushing the general market lower as well.

stock market todayU.S. crude oil touched a new low not seen since 2009 because of the Organization of Petrolium Exporting Countries (OPEC)’s unwillingness to curb current production.

OPEC concluded its meeting on Friday without committing to lower production, and did not discuss an output ceiling. There were also strong disagreements among members.

The Dow Jones Industrial Average and S&P 500 fell 0.7%.  The Nasdaq was off 0.8%. All major sectors except for Non-cyclical consumer goods were in the red today, although some of the airline stocks were boosted by the falling oil prices.

One of those was JetBlue Airways Corporation (NASDAQ:JBLU), which along with beverage companies Keurig Green Mountatin Inc (NASDAQ:GMCR),and Sodastream International Ltd (NASDAQ:SODA) are three of today’s best stocks.

Keurig Green Mountatin Inc (GMCR)

The producer of single serving coffee machines was given a single serving of $13.9 billion today, after announcing it was being sold to JAB Holding Company, a privately held fund that has been buying up various consumer products and food companies in the past few years. One of the companies they have a majority stake in is beauty care firm, Coty Inc (NYSE:COTY), and another is Peet’s Coffe & Tea, Inc. (NASDAQ:PEET).

GMCR stock blasted more than 70% higher on the news, and was the leading stock in both price appreciation and volume today. More than 40 million shares traded hands.

After the deal was announced, JAB Chairman Bart Becht told analysts that Keurig will continue to operate independently, so as to continue building on its brand strength.

JetBlue Airways Corporation (JBLU)

The big decline in oil prices sent the stocks of several airlines higher today, among them JBLU, with Delta Air Lines Inc. (NYSE:DAL), and Southwest Airlines Co (NYSE:LUV) also putting in good efforts.

With OPEC’s decision to increase production quotas by 1.5 million to reach 31.5 million barrels per day, the airlines are benefiting from lower fuel costs. Fuel is one of the biggest costs the airlines have, so when crude oil drops precipitously, the profit potential of the major airlines is enhanced.

JBLU stock has been trading sideways since September. Today’s action did not enact a breakout in price, but did put the stock up near recent highs. One would expect the price of crude oil going forward to make or break the recent resistance on JBLU around $27 per share. JBLU stock rose nearly 4%.

Sodastream International Ltd (SODA)

After Keurig’s enormous sale, investors began looking around for another possible sale candidate, and decided that SODA might just fit the bill. The Israeli-based maker of soda making systems rode coattails today on the Keurig sale, blasting up more than 10% on heavy volume of 2.5 million shares.

Another factor boosting SODA stock today was the company’s announcement that it will begin to list shares on the Tel Aviv Stock Exchange (TASE), while continuing to list on the U.S. Nasdaq market. SODA stock will be included in the mid-cap Tel Aviv-75 and TA-100 indices.

Like GMCR, SODA has lagged the general market this year, and had fallen from near $24 in June, to a recent low of $13.55.

As of this writing, Ethan Roberts does not hold a position in any of the aforementioned securities.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/12/keurig-green-mountatin-inc-gmcr-jetblue-airways-corporation-jblu-sodastream-international-ltd-soda-3-todays-best-stocks/.

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