JetBlue
This stock has been obliterated over the past six months even though the carrier holds a very commanding position on the east coast of the United States. JetBlue Airways Corp. (NASDAQ: JBLU) provides air transportation services. As of December 31, 2020, the company operated a fleet of 63 Airbus A321 aircraft, one Airbus A220 aircraft, 13 Airbus A321 neo aircraft, 130 Airbus A320 aircraft and 60 Embraer E190 aircraft.
The carrier serves 107 destinations in the 31 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. The company also has a strategic partnership with American Airlines to create connectivity for travelers in the Northeast.
JetBlue recently won a hard-fought battle with Frontier Airlines and completed a deal to buy low-cost carrier Spirit Airlines for $3.8 billion in cash. The combined company will become the fifth-largest U.S. carrier.
The $13 MKM Partners target price is higher than the $9.00 consensus target. JetBlue Airways stock traded at $6.70 on Friday.
Nokia
This telecommunications company once ruled the cell phone arena until the advent of the smartphone in 2007. Nokia Corp. (NYSE: NOK) owns two main businesses: 1) Nokia Networks, a network infrastructure equipment supplier to global wireless and wireline operators, and 2) Technologies, its patent/IPR licensing activities.
In a positive sign for investors, earlier this year, the company resumed its quarterly dividend and initiated a share buyback program. The company reported solid second-quarter comparable operating earnings and revenues that came in above market estimates as the telecom equipment maker kept costs in check. Nokia also has forecast annual revenue that was largely ahead of projections and set a long-term target for operating margins of at least 14%, replacing its earlier 2023 target of between 11% and 13%.
Nokia stock has a $6.70 target price at Raymond James. The consensus target is $6.59, and shares traded on Friday at $4.65.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity.
Originally published at 24/7 Wall St.
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