JetBlue Airways (JBLU) made an all-cash offer of $3.6B to buy Spirit Airlines (SAVE). In February, Frontier Airlines (ULCC) announced a deal to buy Spirit Airlines for $2.9B in cash and stock. Jeff Pierce, Contributor at the TD Ameritrade Network, discusses the potential for the JetBlue deal to be blocked by the Justice Department. Stifel initiates coverage on Occidental Petroleum (OXY) with a buy rating and a price target of $84.00, a 45% upside from Tuesday’s closing price. Jeff explains Occidental is attractively valued with a free cash flow yield of 26%. Morgan Stanley picks Eli Lilly (LLY) as a top stock pick with a $364 price target and an overweight rating, explains Jeff. CarMax (KMX) has been downgraded by a BOFA analyst to a neutral from a buy with a price target of $165 from $195. Shares of Rivian (RIVN) are down about 2% this morning despite delivery numbers falling in line with expectations. Tune in for the full discussion.
06 Apr 2022
The Watch List
22 Feb 2022
The Watch List
18 Apr 2022
Trading 360
11 Mar 2022
Trading 360
21 Apr 2022
Trading 360
15 Mar 2022
Trading 360
08 Apr 2022