$JBLU

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Certain Major US Airlines Could Miss Third-Quarter Bottom-Line Views Amid Fuel Headwinds, UBS Says

Certain major US airlines could miss market expectations for their third-quarter earnings amid higher fuel prices and operational disruptions from bad weather, UBS Securities said in a note e-mailed Thursday.The brokerage expects Delta Air Lines (DAL), United Airlines (UAL) and American Airlines' (AAL) bottom-lines for the September quarter to fall short of Wall Street's views, while Southwest Airlines (LUV) and Alaska Air Group (ALK) are seen delivering beats."We see modest downside to (third-quarter earnings per share) for some players on the back of higher fuel for (the third quarter versus) guidance, as well as irregular operations from uneven weather in July/Aug," UBS analysts Atul Maheswari and Thomas Wadewitz said in a note to clients.US crude oil prices surged past $100 per barrel Thursday, a day after global benchmark Brent breached the same threshold amid intensifying tensions between the US and Iran. The renewed flare-up has sparked fears of prolonged supply disruptions.Still, airline demand seems have stayed strong so far in the third quarter despite additional rounds of price hikes last month amid higher fuel prices, UBS said."We think these price increases have been more localized by markets as opposed to the broad-based increases that the industry witnessed in the immediate aftermath of the Iran war," Maheswari and Wadewitz wrote.Higher fuel prices could further dent airlines' fourth-quarter earnings, but a 16% drop in the US Global Jets ETF -- which groups the major US airlines -- since the start of August shows investors have already priced in the impact, according to the note.UBS slashed its 2026 and 2027 bottom-line outlooks for the major airlines it covers, largely to factor in higher fuel prices. The brokerage also lowered its respective price targets on the stocks of United, Delta Air, Alaska Air, Southwest, American and JetBlue Airways (JBLU).While positioning was net short on the sector roughly a month ago, it is now likely closer to net neutral amid a pullback in stocks, according to the note."We have increasingly fielded questions on what could be the potential silver lining from upcoming airlines presentations next week," the analysts wrote. "On that point, it's possible there might be upside to consensus (fourth-quarter revenue per available seat mile/revenue) given strong demand and the recent price increases."UBS named United, Southwest, and Alaska Air as its "top near-term picks."Price: $78.17, Change: $-0.58, Percent Change: -0.74%

$AAL$ALK$DAL$JBLU$LUV$UAL

Wire3d ago

UBS Adjusts JetBlue Airways Price Target to $4 From $5, Maintains Sell Rating

JetBlue Airways (JBLU) has an average rating of underweight and mean price target of $5.60, according to analysts polled by FactSet.

$JBLU

Wire12d ago

JetBlue Airways Introduces New Domestic First-Class Service

JetBlue Airways (JBLU) said Tuesday its BlueFirst domestic first-class service will be available for booking this fall.The new service offers seating with advanced seat-back technology and seat-back ordering, as well as premium amenities, the company said.Price: $4.49, Change: $-0.11, Percent Change: -2.39%

$JBLU

Commodities20d ago

Exchange-Traded Funds, Equity Futures Fall Pre-Bell Monday as Investors Await Details on US Sanctions Against Iran

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Monday's premarket activity as investors await details of US President Donald Trump's planned sanctions on Iran.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures retreating 0.5% before the start of regular trading.In premarket activity, bitcoin was up by 1.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.3% higher, Ether ETF (EETH) advanced 3.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 2.3%.The Chicago Federal Reserve Bank's monthly National Activity Index fell to a reading of negative 0.08 in July from 0.06 in June, compared with expectations for a smaller decrease to negative 0.05 in a Bloomberg survey.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.9%, the iShares US Technology ETF (IYW) was 0.5% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined 1.3% while the iShares Semiconductor ETF (SOXX) fell 1.6%.Parsons (PSN) shares were up nearly 2% after the company said it received a $514 million contract option from the United States Department of Defense's Missile Defense Agency to provide engineering and technical support.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.1% higher, and the iShares US Consumer Staples ETF (IYK) was 0.4% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 1.1%%.Alibaba Group (BABA) shares were down more than 2% pre-bell a day after the company priced a placement of 710 million new shares at 112.70 Hong Kong dollars ($14.38) apiece in Hong Kong for about HK$80 billion in proceeds.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.4%, while the iShares US Healthcare ETF (IYH) fell 3%. The iShares Biotechnology ETF (IBB) gained 0.3%.GSK's (GSK) stock was down 1% despite the company announcing positive regulatory updates, including approval for Hibsago in Japan and a priority review for Jemperli in the US.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% lower.Aegon (AEG) shares traded up 1% in early-hours activity after the company said it has increased its H2 share buyback program by 150 million euros ($174.9 million) to 350 million euros, effective Monday.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.01%, the Vanguard Industrials Index Fund (VIS) was down 0.1%, and the iShares US Industrials ETF (IYJ) rose 2%.United Airlines (UAL) stock was up more than 1% before the opening bell after CNBC reported Sunday that the air carrier is set to return to JFK airport through a partnership with JetBlue Airways (JBLU) as early as 2027. JetBlue stock also rose 1%.EnergyThe iShares US Energy ETF (IYE) was down 1%, while the State Street Energy Select Sector SPDR ETF (XLE) was 0.3% lower.Eni (E) stock was up more than 1% before market open, extending the previous session's loss. The Financial Times reported Monday that the company is expanding its investment in nuclear fusion, targeting a commercial fusion plant in Europe by the early 2040s or sooner.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.7% to reach $85.55 per barrel on the New York Mercantile Exchange. Natural gas was up 1.5% at $2.82 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased 1.3%, while the United States Natural Gas Fund (UNG) was 3.4% higher.Gold futures for November were up by 0.7% at $4,716.00 an ounce on the Comex. Silver futures gained 0.4% to reach $70.05 an ounce. SPDR Gold Shares (GLD) rose 1.1%, and the iShares Silver Trust (SLV) was 0.2% lower.

Dow JonesNasdaq CompositeS&P 500$AEG$BABA$BETH$BITO$E$EEM$EETH$EXI$FAS$FAZ$GLD$GSK$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JBLU$PMR$PSN$QQQ$RTH$SLV$SOXX$SPY$UAL$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

US Markets27d ago

Update: Equities Fall, Oil Rallies as US-Iran Ceasefire Expires

(Updates with market moves at the end of the day, and other changes, if any.)Stocks on Wall Street fell Monday and oil prices advanced as a ceasefire between the US and Iran expired, with both sides showing no interest in an extension.The S&P 500 and the Dow Jones Industrial Average shed 0.5% each to close at 7,745.06 and 53,459.78, respectively. The Nasdaq Composite lost 0.3% to 26,644.91. Except energy, all sectors were in the red, led by communication services and consumer staples.West Texas Intermediate crude oil was up 2.4% at $84.41 a barrel in Monday late-afternoon trade, while Brent rose 2.4% to $90.64.In June, the US and Iran agreed to a memorandum of understanding to end their war and negotiate a final deal. However, the truce apparently collapsed as tensions over the control of the Strait of Hormuz escalated.Iranian Foreign Ministry spokesman Esmail Baghaei ruled out extending the memorandum of understanding, according to a CNBC report that cited state news agency Tasnim.President Donald Trump warned that the US could attack Oman if the Gulf nation interferes with the blockade of Iranian ships in the Strait of Hormuz, The Wall Street Journal reported, citing an interview with Fox News.On Saturday, Israeli strikes in southern Lebanon left at least 11 people dead, Reuters reported, citing the Lebanese health ministry. Traffic through the strategic waterway slowed as three vessels operated by Abu Dhabi National Oil Co. were attacked in transit last week."Prices remained supported by renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz, raising concerns over regional supply disruptions and complicating prospects for a US-Iran deal," ING Bank said in a report Monday.US Treasury yields were higher, with the 10-year rate up 3.2 basis points at 4.73% and the two-year rate rising 1.3 basis points to 4.18%.In company news, JetBlue Airways (JBLU) shares slumped 7.3%, as Seaport Research Partners downgraded its rating on the air carrier's stock. JetBlue's balance sheet woes could worsen as the Strait of Hormuz appears unlikely to reopen anytime soon, potentially prolonging jet fuel volatility, Seaport said in a note.Shares of American Airlines Group (AAL), Southwest Airlines (LUV), United Airlines (UAL) and Delta Air Lines (DAL) were also in the red.Retail giant Walmart (WMT) is scheduled to release its latest financial results later this week, along with Home Depot (HD), TJX (TJX), Lowe's (LOW), Target (TGT), Ross Stores (ROST) and BJ's Wholesale Club (BJ).S&P 500 companies' annual growth in second-quarter earnings and revenue largely held steady week over week, Oppenheimer Asset Management said Monday.The Federal Reserve is scheduled to post minutes of its July policy meeting Wednesday, which will be assessed for fresh insight on the central bank's monetary policy. At the meeting, policymakers left interest rates unchanged in a divided decision, with three regional presidents calling for policy tightening.In economic news, homebuilder confidence in the US unexpectedly ticked higher this month, though builders continued to deal with rising construction costs amid a renewed surge in gas and diesel prices, the National Association of Home Builders and Wells Fargo said.Gold was up 0.9% at $4,475.40 per troy ounce, while silver advanced 1.7% to $66.20 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAL$BJ$DAL$HD$JBLU$LOW$LUV$ROST$TGT$TJX$UAL$WMT

Sectors27d ago

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 1.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.2%.In corporate news, JetBlue Airways' (JBLU) balance sheet woes could worsen as the Strait of Hormuz appears unlikely to reopen anytime soon, potentially prolonging jet fuel volatility, Seaport Research Partners said. Seaport downgraded its rating on the JetBlue stock to neutral from buy and withdrew its price target, just months after upgrading the stock on the assumption that the Strait of Hormuz would reopen. JetBlue shares were down past 6%.PENN Entertainment (PENN) said Monday it plans to invest nearly $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat casino to a new landside property on adjacent land and rebrand it as Hollywood Casino New Orleans, subject to regulatory approval. PENN Entertainment shares were shedding 1.1%.Paramount Skydance (PSKY) on Monday asked a federal judge in Oakland, California, to require the 12 states suing to block the company's acquisition of Warner Bros. Discovery (WBD) to post a $1.88 billion bond by Sept. 30. Paramount shares were up 1.2%.H World (HTHT) shares jumped past 11% after it reported better-than-expected Q2 results.

$HTHT$JBLU$PENN$PSKY

US Markets27d ago

Update: Equity Markets Fall Intraday, Oil Rises Amid Middle East Tensions

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday, while oil prices rose as a ceasefire between Washington and Iran expired, with no indications of near-term engagement prospects.The Dow Jones Industrial Average was down 0.5% at 53,484.5 after midday Monday, while the S&P 500 fell 0.4% to 7,756.7. The Nasdaq Composite dropped 0.3% to 26,647.9. Among sectors, communication services saw the steepest decline, while energy led the gainers.West Texas Intermediate crude oil was up 1.3% at $83.44 a barrel, while Brent rose 1.4% to $89.77.In June, the US and Iran agreed to a memorandum of understanding to end their war and negotiate a final deal. However, the truce apparently collapsed as tensions over the control of the Strait of Hormuz escalated.Iranian Foreign Ministry spokesman Esmail Baghaei ruled out extending the memorandum of understanding, according to a CNBC report that cited state news agency Tasnim.President Donald Trump warned that the US could attack Oman if the Gulf nation interferes with the blockade of Iranian ships in the Strait of Hormuz, The Wall Street Journal reported, citing an interview with Fox News.On Saturday, Israeli strikes in southern Lebanon left at least 11 people dead, Reuters reported, citing the Lebanese health ministry. Traffic through the strategic waterway slowed as three vessels operated by Abu Dhabi National Oil Co. were attacked in transit last week."Prices remained supported by renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz, raising concerns over regional supply disruptions and complicating prospects for a US-Iran deal," ING Bank said in a report Monday.US Treasury yields were mixed intraday, with the 10-year rate up 2.4 basis points at 4.72% and the two-year rate little changed at 4.17%.In company news, JetBlue Airways (JBLU) shares were down 6.4%, as Seaport Research Partners downgraded its rating on the air carrier's stock. JetBlue's balance sheet woes could worsen as the Strait of Hormuz appears unlikely to reopen anytime soon, potentially prolonging jet fuel volatility, Seaport said in a note.Shares of American Airlines Group (AAL), Southwest Airlines (LUV), United Airlines (UAL) and Delta Air Lines (DAL) were also in the red intraday.Retail giant Walmart (WMT) is scheduled to release its latest financial results later this week, along with Home Depot (HD), TJX (TJX), Lowe's (LOW), Target (TGT), Ross Stores (ROST) and BJ's Wholesale Club (BJ).The Federal Reserve is scheduled to post minutes of its July policy meeting Wednesday, which will be assessed for fresh insight on the central bank's monetary policy. At the meeting, policymakers left interest rates unchanged in a divided decision, with three regional presidents calling for policy tightening.In economic news, homebuilder confidence in the US unexpectedly ticked higher this month, though builders continued to deal with rising construction costs amid a renewed surge in gas and diesel prices, the National Association of Home Builders and Wells Fargo said.Gold was up 0.9% at $4,475.40 per troy ounce, while silver advanced 1.7% to $66.20.

Dow JonesNasdaq CompositeS&P 500$AAL$BJ$DAL$HD$JBLU$LOW$LUV$ROST$TGT$TJX$UAL$WMT

Sectors27d ago

Sector Update: Consumer Stocks Decline in Afternoon Trading

Consumer stocks were lower Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.1%.In corporate news, JetBlue Airways' (JBLU) balance sheet woes could worsen as the Strait of Hormuz appears unlikely to reopen anytime soon, potentially prolonging jet fuel volatility, Seaport Research Partners said. Seaport downgraded its rating on the JetBlue stock to neutral from buy and withdrew its price target, just months after upgrading the stock on the assumption that the Strait of Hormuz would reopen. JetBlue shares were down 6.1%.PENN Entertainment (PENN) said Monday it plans to invest nearly $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat casino to a new landside property on adjacent land and rebrand it as Hollywood Casino New Orleans, subject to regulatory approval. PENN Entertainment shares were shedding 0.6%.H World (HTHT) shares jumped past 10% after it reported higher Q2 adjusted earnings and revenue, and raised its 2026 revenue growth outlook.

$HTHT$JBLU$PENN

Sectors27d ago

Sector Update: Consumer

$JBLU

US Markets27d ago

JetBlue Balance Sheet Risks Could Grow as Hormuz Reopening Hopes Dim, Seaport Says in Downgrade

JetBlue Airways' (JBLU) balance sheet woes could worsen as the Strait of Hormuz appears unlikely to reopen anytime soon, potentially prolonging jet fuel volatility, Seaport Research Partners said Monday.The 60-day memorandum of understanding between the US and Iran aimed at ending their conflict expired Monday, with no indications that it would be extended. Control of the Strait of Hormuz has proved to be a key sticking point in recent diplomatic efforts to reach a truce. The narrow waterway is the world's most important chokepoint for crude flows.While jet fuel volatility amid the Hormuz uncertainty affects all airlines, it is particularly more concerning for JetBlue, which is already heavily indebted, according to Seaport senior analyst Daniel McKenzie. The company had total debt of $8.48 billion as of June 30, it reported late last month."To be sure, jet fuel volatility is a challenge for all, but it's a disproportionate risk to (JetBlue) given elevated debt levels that are at risk of moving higher before they move lower," McKenzie said in a note to clients Monday. "If oil spikes from increased hostilities with Iran and (JetBlue) is forced to boost debt to fund losses, its balance sheet could become too indebted and shares could ultimately become worthless."Seaport downgraded its rating on the JetBlue stock to neutral from buy and withdrew its price target, just months after upgrading the stock on the assumption that the Strait of Hormuz would reopen."Greater geopolitical risk implies a lower valuation multiple, hence our view investors will likely get a lower entry point," McKenzie said Monday. "(Fourth-quarter) schedules are now firming up and at the industry level, supply appears modestly higher (versus the third quarter). Hence our concern that revenue upside for (JetBlue) -- and others -- could be limited at a time when it may need to boost ticket prices."JetBlue shares were down 6.2% in afternoon trade. American Airlines Group (AAL) shares were 1.6% lower, while Southwest Airlines (LUV), United Airlines (UAL) and Delta Air Lines (DAL) were also in the red.US President Donald Trump warned of an attack on Oman if it "gets in the way" of efforts in the Strait of Hormuz, news outlets reported Monday."The industry pricing backdrop remains solid, which leads us to conclude (JetBlue) surprises on (2026 second-half) revenue, however, the geopolitical backdrop worsens," McKenzie wrote in the note.Price: $5.32, Change: $-0.33, Percent Change: -5.84%

$AAL$DAL$JBLU$LUV$UAL

Research27d ago

Update: Seaport Global Downgrades JetBlue to Neutral From Buy Due to Worsening Geopolitical Backdrop

(Updates with analyst commentary.)Seaport Global downgraded JetBlue Airways (JBLU) to neutral from buy, as risks are rising as the US-Iran ceasefire comes to an end."The industry pricing backdrop remains solid which leads us to conclude JBLU surprises on 2H26 revenue (consistent with our prior thesis), however, the geopolitical backdrop worsens," analyst Daniel McKenzie wrote in a Monday note.With no signs of the Strait of Hormuz opening anytime soon and jet fuel volatility, the airline will have to raise debt to finance losses, leading to an indebted balance sheet and ultimately shares becoming worthless, McKenzie wrote.JetBlue has an average rating of underweight and mean price target of $5.60, according to analysts polled by FactSet.Price: $5.34, Change: $-0.32, Percent Change: -5.58%

$JBLU

Research27d ago

Seaport Global Securities Downgrades JetBlue Airways to Neutral From Buy

JetBlue Airways (JBLU) has an average rating of underweight and mean price target of $5.60, according to analysts polled by FactSet.

$JBLU

Research37d ago

Citigroup Downgrades JetBlue Airways to Sell From Neutral, Adjusts PT to $5.30 From $6.60

JetBlue Airways (JBLU) has an average rating of underweight and mean price target of $5.83, according to analysts polled by FactSet.

$JBLU

Insider Trading41d ago

Jetblue Airways Insider Sold Shares Worth $444,949, According to a Recent SEC Filing

Ursula L Hurley, Chief Financial Officer, on July 30, 2026, sold 77,253 shares in Jetblue Airways (JBLU) for $444,949. Following the Form 4 filing with the SEC, Hurley has control over a total of 211,099 common shares of the company, with 211,099 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1158463/000115846326000082/xslF345X05/wk-form4_1785791914.xml

$JBLU

Wire46d ago

UBS Adjusts Price Target on JetBlue Airways to $5 From $4.50, Maintains Sell Rating

JetBlue Airways (JBLU) has an average rating of underweight and mean price target of $5.77, according to analysts polled by FactSet.Price: $6.03, Change: $+0.03, Percent Change: +0.42%

$JBLU

Sectors48d ago

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.3%.In corporate news, Ford (F) has joined the competition to build the US Army's newest tactical truck, marking its pursuit of its largest military contract since the Cold War, The Wall Street Journal reported Monday. Ford shares added 1.6%.JetBlue Airways (JBLU) said Monday it is introducing new fare options as part of a simplified flight shopping process to prepare for the launch of BlueFirst, its new domestic first-class product. Its shares rose 2.9%.Coca-Cola FEMSA (KOF) shares jumped past 5% after the company reported better than expected Q2 earnings and revenue.Brown-Forman (BF.A, BF.B) said Sunday it has received an unsolicited takeover offer from Sazerac, and concluded that the proposal is "not actionable." Brown-Forman Class A shares rose 4.3%, and its Class B shares climbed 4.8%.

$BF.A$BF.B$F$JBLU$KOF

Sectors48d ago

Sector Update: Consumer

Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.3%.In corporate news, JetBlue Airways (JBLU) said Monday it is introducing new fare options as part of a simplified flight shopping process to prepare for the launch of BlueFirst, its new domestic first-class product. Its shares rose 2.9%.

$JBLU

Wire48d ago

JetBlue Airways to Introduce Fare Options Ahead of Domestic First-Class Launch

JetBlue Airways (JBLU) said Monday it is introducing new fare options as part of a simplified flight shopping process to prepare for the launch of BlueFirst, its new domestic first-class product.The airline said it will roll out "in the coming days" a system allowing customers to pick one of four onboard categories and then select from up to three fare options within each category.BlueFirst is scheduled to begin rolling out later in 2026, according to JetBlue.Customers with existing bookings will retain the benefits associated with their original fare, the company said.Shares of JetBlue were up 3.7% in Monday trading.Price: $5.47, Change: $+0.20, Percent Change: +3.72%

$JBLU

Sectors88d ago

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks fell late Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 2.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining 2.6%.In corporate news, JetBlue Airways (JBLU) will shut down its flight attendant base at Newark Liberty International Airport and tech-operations bases at Newark and New York's LaGuardia Airport in autumn to cuts costs and bolster service in Fort Lauderdale, Florida. JetBlue shares fell 1%.Lululemon Athletica (LULU) apologized after a promotional yoga event held on the Great Wall of China drew criticism on Chinese social media over the alleged use of a Japanese drum during the performance, the Financial Times reported. Lululemon shares fell 2%.CarMax's (KMX) fiscal Q1 earnings fell as comparable used-vehicle sales declined. The shares dropped 9.8%.La-Z-Boy's (LZB) shares jumped 15% after the company reported fiscal Q4 earnings rose and said it expects sales to outperform the industry in the current quarter.

$JBLU$KMX$LULU$LZB

Sectors88d ago

Sector Update: Consumer

Consumer stocks were lower late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) dropping 2.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.7%.In corporate news, JetBlue Airways (JBLU) will shut down its flight attendant base at Newark Liberty International Airport and tech-operations bases at Newark and New York's LaGuardia Airport in autumn to cuts costs and bolster service in Fort Lauderdale, Florida, CNBC reported. JetBlue shares were down 0.8%.

$JBLU

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