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JetBlue Getting its Spirits Up – InsideArbitrage Friday Wrap

  • July 7, 2023

FRIDAY WRAP

Our list of curated tweets for the current week

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Special Situations

On June 29, JetBlue notified American Airlines it is terminating the Northeast Alliance Agreement #NEA with $AAL


Couldn't agree more and this is reflected in the $SAVE price the last couple of days.


JetBlue Airways, seeking to protect a planned $3.8 billion purchase of Spirit Airlines, said it would follow a US judge's May order that it end an alliance with American Airlines


By the ⁦ @JusticeATR ⁩'s own figures $JBLU is now just 1/4th the size of was before, and no longer even tangentially party of the Big Four.


#Amazon #iRobot - EU just opened an in-depth probe into the $1.7 bn deal


Thermo Fisher says it has agreed to buy biopharmaceutical data provider CorEvitas for $912 million


$EFC listened 🥳(acquiring AJX) .


Seth Moulton, a US Representative from Massachusetts, sold $250,000 of $ATVI, Activision, on June 13th.


Abcam Draws Takeover Interest From Danaher, Agilent


Altria-backed cannabis producer Cronos explores sale


Another interesting thing about $GEF is that the CFO keeps selling class A shares and buys the same amount of more expensive class B shares, including as recently as yesterday.


CEO insider ownership for department stores and speciality softlines


Stock buybacks, global view


$SHIP - Repurchases 362K shares at $4.35, which was close to its bottom.


Following Fed Stress Test Morgan Stanley $MS 86.43, +1.03, +1.2%



On June 28, 2023, $ASH announced a new $1 billion evergreen share repurchase program


 

Investing

Community banks expected the Fed’s interest-rate increases to help them.


Bank of America $BAC is planning a 9% #dividend increase!


Warren Buffett turned $10,000 into well over $100,000 before starting his partnership.


The only company that will be seriously able to challenge Twitter


Twitter is threatening to sue Meta over "systematic, willful and unlawful misappropriation" of Twitter's trade secrets and IP


Last year, $AMZN spent $7 billion on original shows, licensed programs, and sports, up from $5 billion the year before.


$GM auto sales up 19% YoY


JANA Partners acquires an 8% stake in Mercury Systems $MRCY and managing partner appointed to Board


Private equity firm L Catterton is considering strategic options for Birkenstock including an IPO


Norway just *doubled* the world's known reserves of phosphate rock, which is essential for agriculture


Housing

The average 30-year fixed mortgage rate jumps to 7.22%


There are more short-term rentals than homes for sale