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JetBlue Airlines Stock $JBLU | Is It Time To Buy & Invest In 2020?

Published on: December 23 2022 by Shaddyz | Finance and Stocks

JetBlue Airlines is a popular American airline that has been in operation since 2000. It has been known for its low-cost and high-quality services, which has made it a favorite among many travelers. However, with the current economic climate and the impact of COVID-19, many investors are wondering if now is a good time to invest in JetBlue Airlines stock. In this article, we will examine the current state of the company, the factors that may affect its stock price, and whether it is a good investment for 2020.

Factors to Consider:

1. COVID-19 Impact: The current pandemic has had a significant impact on the airline industry, and JetBlue Airlines is no exception. The company has had to cancel flights and reduce its capacity, which has led to a decline in revenue. However, JetBlue Airlines has taken steps to mitigate the impact, such as reducing costs and applying for government aid.

2. Competition: JetBlue Airlines faces stiff competition from other low-cost carriers like Southwest and Spirit Airlines. This competition could affect its market share and profitability.

3. Financial Performance: JetBlue Airlines' financial performance has been mixed in recent years. While the company has shown revenue growth, its net income has declined. Additionally, its debt levels have increased, which could be a concern for investors.

4. Expansion Plans: JetBlue Airlines has plans to expand its routes and add new destinations. This expansion could lead to increased revenue and market share.

Is It Time to Buy JetBlue Airlines Stock?

Based on the factors above, it may be a good time to consider buying JetBlue Airlines stock. While the current economic climate and COVID-19 have had a negative impact, the company has taken steps to mitigate the effects. Additionally, JetBlue Airlines' expansion plans and cost-cutting measures could lead to increased profitability in the future. However, investors should be aware of the competition and financial performance of the company before making a decision.

Investing in JetBlue Airlines stock in 2020 could be a good decision for investors who are willing to take on some risk. While the current economic climate and COVID-19 have had an impact, the company has taken steps to mitigate the effects. Additionally, its expansion plans and cost-cutting measures could lead to increased profitability in the future. However, investors should carefully consider the competition and financial performance of the company before making a decision.

JetBlue Airlines Stock $JBLU | Is It Time To Buy & Invest In 2020?

Today, we're going to be discussing whether JetBlue is a buy or not. In my personal opinion, I don't think we have hit the bottom yet for this stock. Using the Fibonacci tool, I can see that the resistance breaks down to become support and vice versa. It seems to bounce off these lines, and I believe we might see it drop to around the $4-5 range. Nobody is flying, and airlines are not making money at the moment. A lot of people bought in when they saw an uptrend, fearing missing out (FOMO). However, I believe we need to have patience with this market as we haven't seen the lower lows yet.

When buying a stock, I always check the balance sheet and financials of the company. Using Market Watch, I found that JetBlue has $959 million on hand in cash, $11.92 billion in total assets, and $7.12 billion in liabilities. I think this is an essential factor to consider, especially during this pandemic where companies need to have as much cash on hand as possible. They also have a stimulus package to help them out in the long term.

For new beginners, I use the Fear and Greed Index to buy stock. The index shows the market's current sentiment and allows you to know when to buy or sell stock. The current index is at 26, and I think the buying target for this stock is below $6. I would start loading up positions around $6, $5, and even $4.50.

Big news to look out for is the unemployment data coming out on April 3rd. I believe we're going to see record-breaking numbers of unemployment, and it will be the start of a new wave down.

In conclusion, I personally think we haven't seen the new low yet, and if I were to buy the stock, I would wait around the $6-$5 area and even $4.50. I believe it's a good buy long term, and we might see a good investment in two to three years. Don't forget to hit the like button below and subscribe if you haven't yet.

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