Why JetBlue Airways (JBLU) Went Up on Tuesday?

We recently published a list of 10 Firms Kick Off Shortened Trading Week With Impressive Gains. In this article, we are going to take a look at where JetBlue Airways Corporation (NASDAQ:JBLU)  stands against firms that kick off shortened trading week with impressive gains.

The stock market kicked off the shortened trading week on a positive note, with all major indices finishing in the green territory as investors continued to monitor more corporate earnings results.

The S&P 500 led the charge among its peers, recording a modest 0.24 percent gain. The Dow Jones and the tech-heavy Nasdaq were similarly up, albeit posting lackluster gains of only 0.02 percent and 0.07 percent, respectively.

In comparison, 10 companies delivered stronger performances thanks to continued investor confidence. One company in particular stood out for jumping more than 100 percent in just two trading days.

To come up with Tuesday’s top performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A commercial jetliner at an airport gate with passengers waiting in the background.

JetBlue Airways Corporation (NASDAQ:JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) extended its winning streak for a fourth straight day, as investors bought up on rumors that it was being targeted for acquisition again—this time by Southwest Airlines.

The reports came after Chris Click—union leader of Southwest’s flight attendants—took to Facebook to run a poll of which airline Southwest was targeting. The poll included JetBlue (NASDAQ:JBLU), as well as Spirit, Breeze, Frontier, and Allegiant.

The poll followed his selfie photo during an executive meeting—giving signals to investors that Southwest was about to announce a merger and acquisition deal.

JetBlue (NASDAQ:JBLU) has long maintained that the only way for it to grow is to expand through mergers and acquisitions. It was looking to break into the top four and join American, United, Delta, and Southwest as the biggest domestic airlines.

Following its merger attempt with Spirit Airlines, rumors also surfaced that Alaska Airlines, which recently acquired Hawaiian Airlines, was interested in acquiring JBLU.

Overall, JBLU ranks 5th on our list of firms that kick off shortened trading week with impressive gains. While we acknowledge the potential of JBLU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JBLU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.