JBLU Prediction: Q4 '24 Earnings Slide from Q1 '25 Guidance?
It's my estimation that the market sentiment felt from AAL Q1 '25 guidance will ripple into JBLU's earnings report come JAN-28-25.
While AAL beat earnings estimates (revenue up 4.6% / 0.86/share vs. 0.66/share expected), Q1 guidance was set at a loss of $-0.40/share vs. $-0.04/share. Investors I believe are expecting a much stronger output in 2025 from domestic carriers, and this was a horrible start to the year.
AAL and JBLU's failed Northeast Alliance, a break up due to antitrust laws, has now caused both airlines to pay 2M in legal fees across several states.
Looking at LuxAlgo's Support Resistance Signals MTF among additional indicators, I believe the underlying will touch below $7.50 after earnings are released.
While AAL beat earnings estimates (revenue up 4.6% / 0.86/share vs. 0.66/share expected), Q1 guidance was set at a loss of $-0.40/share vs. $-0.04/share. Investors I believe are expecting a much stronger output in 2025 from domestic carriers, and this was a horrible start to the year.
AAL and JBLU's failed Northeast Alliance, a break up due to antitrust laws, has now caused both airlines to pay 2M in legal fees across several states.
Looking at LuxAlgo's Support Resistance Signals MTF among additional indicators, I believe the underlying will touch below $7.50 after earnings are released.
Trade active
Purchased 15 puts at the $7.50 strike expiring 31-JAN-25 for an average cost of $0.19. Sold within first 5 minutes of trading for $0.75.
Currently valued at $0.95 at a gain of 370%
Trade closed: target reached
Definitely want to vomit, leaving so much value on the table. I did not expect price action to fall below the .382 level let alone the .5.
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