Will the stock market today remain choppy? And is the bond market more oversold than stocks? JetBlue (JBLU) makes a hostile bid for Spirit Airlines (SAVE) and urges Spirit Airlines shareholders to vote against the Frontier deal. The SAVE stock price is trading higher today following the news. Next, Alex Coffey weighs in on McDonald’s (MCD) plan to exit Russia by selling restaurants. Also, Netflix (NFLX) stock was recently upgraded to outperform from neutral at Wedbush. The analyst stated that the staggered release date for Stranger Things will reduce churn. How does NFLX compare to other streaming stocks like Walt Disney (DIS), Warner Brothers Discovery (WBD), and Paramount Global (PARA)? Finally, Coffey discusses China stocks like Alibaba (BABA), Baidu (BIDU). JD.com (JD), and NetEase (NTES).
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