Not exact matches
Other
airline stocks were also lower, with
Spirit down 5 percent, Delta shedding 2 percent and United falling 3 percent.
Spirit Airlines —
Spirit received a double upgrade to «overweight» from «underweight» at JPMorgan Chase, which noted the battering in
Spirit's
stock price this year and a more favorable overall cost structure amid rising fuel prices.
Trader Steve Grasso said he is staying out of
airline stocks entirely, but mentions
Spirit and JetBlue as the best names to buy.
«Power Lunch» hosts Melissa Lee and Brian Sullivan look at 5
stocks with analyst recommendations, including
Spirit Airlines, BlackRock and Diamondback Energy.
However, recent moves by larger rivals Delta Air Lines Inc and American
Airlines Group Inc to match those low prices have hurt unit revenue and pushed
Spirit's
stock down 46 percent last year.
Some
stocks responded quite favorably to good news, and Buffalo Wild Wings (NASDAQ: BWLD), Whiting Petroleum (NYSE: WLL), and
Spirit Airlines (NYSE: SAVE) were among the best performers on the day.