Keep an eye on oversold shares of JetBlue (SYM: JBLU).
For one, about five billion people expected to fly this year, which could result in another record year for airlines. Two, according to the International Air Transport Association (IATA), 2014 airline revenue could reach $996 billion this year.
Three, big investors are also taking advantage of JBLU weakness. At the end of March, for example, Carl Icahn bought 17.73 million shares at $6.49.
In addition, while the company recently posted an adjusted earnings per share loss of 43 cents on revenue of $2.21 billion, which missed estimates of 52 cents on $2.2 billion in revenue, that weakness appears to have been priced into the stock, too.
