Posts for Ticker ‘JBLU’

Top Analyst Downgrades (AGCO, AIV, AAI, JBLU, TSCO, VLO)

These are this Wednesday’s top early-bird analyst downgrades and cautious research calls out of Wall Street:

Agco Corp. (AGCO) Cut to Underweight at JPMorgan.
Apartment Investment & Management Co. (AIV) Cut to Underperform at BofA Merrill Lynch.
Airtran Holdings (AAI) Cut to Underweight at Barclays.
JetBlue (JBLU) Cut to Equal Weight at Barclays.
Tractor Supply Co. (TSCO)  Started as Underweight at JPMorgan.
Valero (VLO) Cut to Sell at Soleil.

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
October 14, 2009

Posted on: October 14, 2009 – 7:38 am in Analyst Calls, , , , , ,

Airline Delays: Southwest (LUV) Crushes Northwest

airplaneSouthwest Air (NYSE:LUV) once again proved why it is the most admired carrier in America. Over 83% of its flights arrived on time in August, the latest month measured by US Department of Transportation.

Northwest, probably still working through an integration with its new owner Delta (NYSE:DAL) posted the worst record for arrivals among big carriers with 74% of its flights getting where they were going. Delta did almost as poorly with a figure below 79%. Read More »

Posted on: October 6, 2009 – 3:16 pm in Airlines, , , , , , ,

Top Analyst Upgrades and Downgrades (AMAG, AAPL, BX, JBLU, LAZ, RSH, SF, TLB, TIF, XRX, YHOO)

Bull and Bear ImageThese are the top analyst upgrades, downgrades, and initiations seen from Wall Street early this Thursday morning:

AMAG Pharmaceuticals (NASDAQ: AMAG) Cut to Hold at Citigroup.
Apple Inc. (NASDAQ: AAPL) Raised to Outperform at JMP Securities.
The Blackstone Group (NYSE: BX) Raised to Conviction Buy at Goldman Sachs.
JetBlue (NASDAQ: JBLU) Cut to Neutral at JPMorgan.
Lazard (NYSE: LAZ) Raised to Conviction Buy at Goldman Sachs.
RadioShack (NYSE: RSH) Raised to Overweight at Morgan Stanley.
Stifel Financial (NYSE: SF) Cut to Neutral at Goldman Sachs.
Talbots (NYSE: TLB) was upgraded to Buy at Citi and raised to Neutral at Piper Jaffray.
Tiffany & Co. (NYSE: TIF) Raised to Outperform at Credit Suisse.
Xerox Corp. (NYSE: XRX) Raised to Buy at Brean Murray.
Yahoo! Inc. (NASDAQ: YHOO) Raised to Buy at BofA/Merrill Lynch.

JON C. OGG

Posted on: September 10, 2009 – 8:49 am in Analyst Calls, , , , , , , , , , ,

Top Analyst Upgrades (COF, EBAY, GS, JBLU, LTM, MA, SNDK, UPS, WYNN)

There are still many upgrades coming considering the light and shortened week.  These are this Wednesday’s top early bird analyst upgrades and positive research calls that we have seen:

Capital One (COF) Raised to Buy at Citi.
eBay (EBAY) Raised to Outperform at Bernstein.
Goldman Sachs (GS) Raised to Outperform at JMP Securities.
Jetblue (JBLU) Raised to Buy at Argus.
Life Time Fitness (LTM) Started as Buy at Jefferies.
Mastercard (MA) Raised to Hold at Citi.
SanDisk (SNDK) Raised to Buy at Deutsche Bank.
UPS (UPS) Raised to Overweight at JPMorgan.
Wynn Resorts (WYNN) Raised to ‘Perform’ at Oppenheimer.

JON C. OGG

Posted on: September 9, 2009 – 8:18 am in Analyst Calls, , , , , , , , ,

Media Digest 8/31/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The best investment for Chinese companies may be the nation’s own 1.3 billion person home market.

Reuters:   Japan’s Democrats took power.

Reuters:   Economists say there is no need for a second stimulus package.

Reuters:   The Fed made $14 billion on loans made during the credit crisis. Read More »

Posted on: August 31, 2009 – 4:03 am in Press Digest, , , , , , , , , ,

CoTweet, Major Brand Twitter-Platform Gets VC Funding (WFMI, SBUX, MSFT, JBLU, F, PEP, S, KO)

Money Stack ImageNo one knows how to value social media’s dominant players.  The real value for Facebook, LinkedIn, MySpace is elusive (and less than before).  Twitter is one of these businesses which suddenly has all the buzz, yet find someone who can tell you what the ultimate monetary value of Twitter is.  Many older internet users are hardly familiar with the term ‘blogging’… let alone microblogging.  But today a company operating as a Twitter platform operator and brand manager has received venture backing.

CoTweet is a web-based collaboration platform that helps companies reach and engage customers in real-time using Twitter for brand management. The product is already said to be used by Whole Foods Market Inc. (NASDAQ: WFMI), Starbucks Corp. (NASDAQ: SBUX), Microsoft Corporation (NASDAQ: MSFT), JetBlue Airways Corporation (NASDAQ: JBLU), Ford Motor Co. (NYSE: F), PepsiCo (NYSE: PEP), Sprint (NYSE: S), and The Coca-Cola Company (NYSE: KO)
Read More »

Posted on: July 9, 2009 – 2:44 pm in Business Services, Internet, Private Equity, , , , , , , ,

The Best Short-Selling Opportunities Of The Year (C)(GE)(F)(SBUX)(SIRI)

angrybearThere is still some conversation about the federal government restricting short-selling activity in certain stocks. The counterargument to these restrictions is that short selling plays an important role in the valuation of securities by efficiently allowing investors to bet that a stock will fall as readily as they can bet that it will rise. Short sellers have the reputation, whether deserved or not, for trying to manipulate information about public companies with the hope of driving their prices down. That may be true.

24/7 Wall St. has come up with a list of the best short-selling opportunities between now and the end of the year. The list was chosen based on: 1) trading volume, 2) the total short position in the stock over the first half of the year, 3) a history of the short position in these stocks rising or falling rapidly, and 4) stocks in companies that tend to move on news throughout the year and not just on earnings information. Read More »

Posted on: July 5, 2009 – 5:54 pm in Airlines, Analyst Calls, Autos, Banking, Biotech, Casinos, Conglomerates, Consumer Electronics, Dividend, Drug companies, Editor's Picks, FDA, Green Biz, Hardware, Healthcare, Infrastructure, Internet, Large Cap Stocks, Medical, PC Companies, Pharmaceuticals, Private Equity, Retail, Short Interest, Software, Technology, Turnarounds, Wireless, , , , , , , , , , , , , , , , , , , ,

JetBlue Raising Cash (JBLU)

Money Stack ImageJetBlue Airways Corporation (NASDAQ: JBLU) has announced that it intends to offer some 20 million shares of common stock.  It also plans to offer an aggregate of $150 million in convertible debentures in two series.
Read More »

Posted on: June 2, 2009 – 3:13 pm in Airlines, Secondary Offering, Transports,

The Ten Ways Twitter Will Permanently Change American Business

newspaperMicro-blogging platform Twitter has 32 million users, which is an increase from about 2 million a year ago, according to research mentioned in The Wall Street Journal. Some Internet measurement services show that figure increasing 50% to 100% month-over-month. While it is not clear that Twitter will become as large as social networks, MySpace and Facebook or video-sharing site YouTube, the company could certainly have 50 million visitors by the end of the year. Read More »

Posted on: May 26, 2009 – 8:11 pm in Banking, Business Services, Cable Companies, Consumer Electronics, Editor's Picks, Entertainment, Infrastructure, , , , , , , , , , , , , , , , , , , , , ,

Top Analyst Upgrades (BIG, COF, DFS, HPQ, JBLU, MS, MOT, TSN, USB)

These are the top analyst upgrades and positive calls we have seen from Wall Street this Wednesday morning:

  • Big Lots (BIG) Raised to Overweight at JPMorgan.
  • Capital One (COF) Raised to Buy at Stifel Nicolaus.
  • Discover Financial (DFS) Raised to Buy at Stifel Nicolaus.
  • Hewlett-Packard (HPQ) Raised to Buy at UBS.
  • Jetblue (JBLU) Raised to Buy at B of A Merrill.
  • Morgan Stanley (MS) Raised to Buy at Goldman Sachs.
  • Motorola (MOT) Raised to Outperform at Oppenheimer.
  • Tyson Foods (TSN) Raised to Neutral from Underweight at JPMorgan.
  • US Bancorp (USB) Raised to Neutral from Sell at Goldman Sachs.

JON C. OGG

Posted on: March 11, 2009 – 6:47 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Upgrades (ACC, CLS, CHS, EL, JBLU, SLGN, TRMB)

These are some of the top pre-market analyst upgrades we are seeing this Friday-crash morning:

  • American Campus (ACC) Raised to Outperform at Baird.
  • Celestica (CLS) Raised to Outperform at CIBC.
  • Chico’s FAS (CHS) Raised to Market Weight at Thomas Weisel.
  • Estee Lauder (EL) Raised to Neutral from Sell at Piper Jaffray.
  • Jetblue (JBLU) Raised to Overweight at JPMorgan.
  • Silgan Holdings (SLGN) Raised to Buy at Deutsche Bank.
  • Trimble Navigation (TRMB) Raised to Outperform at Oppenheimer.

Jon C. Ogg
October 24, 2008

Posted on: October 24, 2008 – 7:05 am in Analyst Calls, , , , , , ,

Media Digest 9/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

NewspaperAccording to Reuters, the government takeover of Fannie Mae (FNM) and Freddie Mac (FRE) will do little to help the mortgage market short-term.

Reuters writes that Lehman (LEH) made a number of changes to top management.

Reuters reports that The Royal Bank of Canada may have an interest in buying Lehman.

Read More »

Posted on: September 8, 2008 – 2:53 am in Press Digest, , , , , , , , , , , , ,

The Airline’s Recent –Death Defying Actions–(AA)(UAL)(DAL)(CAL)

AngrybearNot long ago daily media stories were predicting which major airline would be the first in line to fail. Las Vegas type odds were given to a list of inevitable airline bankruptcies.

There should be no argument the US airline industry is facing unprecedented challenges as they restructure their business models to survive with record high fuel costs and a questionable forward looking Global economy.

Read More »

Posted on: August 6, 2008 – 1:32 pm in Airlines, , , , , , ,

JetBlue (JBLU) CEO Takes Haircut

JetblueIn an 8-K filed with the SEC, JetBlue (JBLU) announced that CEO David Barger "voluntarily amended" his employment agreement to "reduce his base salary by fifty percent, from $500,000 per year to $250,000 per year, in recognition of the challenges faced by the Company and its employees in the current industry environment. The amendment will be effective for the period of July 1, 2008 through December 31, 2008 only."

Read More »

Posted on: July 29, 2008 – 2:16 am in Airlines,

Media Digest 7/29/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Newspaper_2According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs.

Reuters report that KKR says the market slump is a good time to go public.

Read More »

Posted on: July 29, 2008 – 2:10 am in Press Digest, , , , , , , , , , ,

The 52-Week Low Club (JBLU)(UAUA)(BC)

US Air (LCC) Airline breaks of talks with United (UAUA) and stock runs down to $4 from 52-week high of $36.81.

Brunswick Corporation (BC) Concerns about boating business and downgrade earlier in the week. Drops to $13.39 from 52-week high of $34.90.

Harris Interactive (HPOL) No visible cause but stock nose dives to $1.80 from 52-week high of $5.67.

Jetblue (JBLU) Raises money and causes viability and dilutions concerns. Sells off to $3.90 from 52-week high of $11.99.

Douglas A. McIntyre

Posted on: May 30, 2008 – 2:38 pm in HI/LOW, , , ,

JetBlue Sees Pressure From Convertible Debt (JBLU)

Shares of JetBlue Airways Corporation (NASDAQ: JBLU) are seeing some extra pressure this morning after the company announced the pricing of a previously announced convertible debt offering of 5.5% convertible bonds that mature in 2038.  The size of the offering was also kicked up from $160 million to $175 million. 

There were two separate issues of $87.5 million.  One series converts to 220.6288 per $1,000.00 in principal face value for a conversion price of approximately $4.53 per share.  The second series has a convertible rate of 225.2252 shares per $1,000 principal face value for a conversion price of approximately $4.44 per share.

Morgan Stanley and Merrill Lynch & Co. were listed as the joint book-running managers for this underwriting.

Shares closed at $4.15 Thursday, and shares are trading around $3.97 right before the open on more than 1.5 million shares.

You can join our open email distribution list to hear about IPO’s, secondary offerings, and other key special situations.

Jon C. Ogg
May 31, 2008

Posted on: May 30, 2008 – 8:32 am in Airlines, Bonds, Secondary Offering,

US Air (LCC) Walks From United (UAUA) Talks As The Wheels Come Off

Reports are that the heated merger talks between United (UAUA) and US Air (LCC) have gone away. Both airlines are probably still talking to AMR (AMR), Continental (CAL), and any other puddle-jumper with a single-engine plane that they can find.

The airline industry got another dose of electric-shock therapy yesterday when JetBlue (JBLU) said it would defer taking delivery of a number of new Airbus jets. If the airline doesn’t make it, the delivery could be dodged altogether.

Managements at United and US Air have probably decided that thousand of hours talking about mergers will not save them. With oil at $130, putting together two airlines is not unlike lashing two drowning men to a raft. Neither will be lonely, but both will still die.

The name of the game in the airline business now is cutting capacity and personnel. In a merger, that work of making a deal and going though the time-consuming effort of combining two companies could take months. No one in the industry has that kind of time. At least if a carrier goes it alone, it can make decision about how to bleed itself quickly.

There may be a certain genius in the AMR move to stay away from diving into complex merger conversations. Instead, it is simply closing its operations in certain cities, taking planes out of service, and firing thousands of poor souls into the teeth of a recession.

Mergers will not work as fast as unilateral chopping.

Douglas A. McIntyre

Posted on: May 28, 2008 – 5:01 am in Airlines, , , , , ,

Media Digest 5/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, merger talks between United (UAUA) and US Air (LCC) has slowed.

Retuers writes that NetFlix (NFLX) and Blockbuster (BBI) held competing analysts meetings on the same day.

Reuters reports that GE (GE) named LG as one of the companies bidding on its appliance unit.

Reuters writes that Exxon (XOM) will face shareholders who want changes to the company at its annual shareholder meeting.

Reuters reports that InBev is considering a bid for Anheuser-Busch (BUD) but there have been no talks.

Reuters writes that Google (GOOG) has come out with pricing for its Apps engine.

The Wall Street Journal writes that Microsoft (MSFT) demonstrated a touchscreen version of its PC software.

The Wall Street Journal reports that JetBlue (JBLU) will delay the deliver of new jets.

The Wall Street Journal reports that cable companies have agreed to offer service without providing their own set-top boxes.

The Wall Street Journal writes that Moody’s (MCO) may fire some employees involved with its credit rating problems.

The New York Times reports that a guessing game has begun about the new Apple (AAPL) iPhone.

The FT writes that UBS (UBS) told executives in charge of its private client group not to travel to the US.

The FT reports that investment banks are divided over whether the Fed should keep open a lending facility which involves more regulation of the industry.

Douglas A. McIntyre

Posted on: May 28, 2008 – 2:52 am in Press Digest, , , , , , , , , , , , ,

Nasdaq Short Interest, Level 3 (LVLT) And Sirius (SIRI) Hit By Hammer Of Thor

Most companies on Nasdaq did fairly well with the shorts in the period which ended on March 31 compared to March 14. The two tremendous exceptions were Level 3 (LVLT) where short interest moved up 20.3 million shares to 243.9 million, and Sirius (SIRI) were share sold short jumped 40.4 million to 137.8 million

In a tough stock market and credit environment, it is not hard to see why investors would place bets against both companies. Each stock trades near its 52-week low. Level 3 recently pushed out its president. Although it is in an attractive business, bandwidth infrastructure, it is a patch-work of M&A work with a large amount of debt and almost no cash-flow. In other words, a liquidation candidate in a deep recession.

Sirius is also hurt by a high debt-load, over $1.2 billion, and negative operating income. If the company’s merger with XM Satellite (XMSR) does not go through, it may not be able to survive as a standalone company either.

As a tip of the cap to the troubled airline industry, shares short in JetBlue (JBLU) moved up 7.1 million to 44.1 million.

For the majority of other big Nasdaq stocks, the news was better. Shares short in E*Trade (ETFC) dropped 14.1 million to 90.3 million, a signal that investors think the company’s discount broker operation can do well despite the firm’s mortgage balance sheet problems.

Shares short in Intel (INTC) dropped 12 million to 63.2 million. Short interest in Yahoo! (YHOO) dropped 8.5 million to 41.3 million. Microsoft’s (MSFT) short interest fell 4.7 million to 118.4 million. At Dell (DELL) short interest fell 3.7 million to 41.8 million. And at Cisco (CSCO) short interest was off 3.4 million to 69.7 million.

Investor willingness to take a stand against tech stocks is beginning to shrink.

Takeover target Take-Two (TTWO) had a dropped off in shares short of 5.5 million to 11.6 million. Some investors see the price offered by Electronic Arts (ERTS) going higher

Douglas A. McIntyre

Posted on: April 10, 2008 – 11:28 am in Short Interest, , , , , , , , , , , ,