Diamonds and Dogs
12/13/16
JetBlue (JBLU) has had a mixed 2016, but it's ending the year on a high note. Its new routes to Cuba are getting strong buzz, demand is picking up, and its traffic is rising at a better rate than expected. The stock jumped 4.4% after the company announced its traffic results and presented new data as part of a special investor day presentation. Traffic jumped 7.1%, faster than the 5.2% growth in the number of seats the company offered.
World Wrestling Entertainment (WWE) is on the ropes down 4% due to a decision by the company to raise as much as $200 million through a convertible notes which will dilute shareholders down the road. WWE is also losing their former CEO Linda McMahon to Trump's Small Business Administration. Another body slam for the WWE.
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