Travel Demand Wakes Up This Stock

By George Banko

April 11, 2022

Good morning Wake-Up Watch listers! While you’re sipping that first cup of coffee to avoid a ‘case of the Mondays,’ you’ll see stock futures are edging lower and Treasury bonds are testing multi-year highs. Oil prices are also sliding as investors prepare for the release of 240 million barrels of crude from U.S. oil inventories.

Here’s a look at the top-moving stocks this morning.

JetBlue Airways Corp. (Nasdaq: JBLU)

JetBlue Airways is up 5.46% premarket after the airline company announced it plans to ramp up hiring to meet the upcoming summer travel demand. JetBlue has already hired 3,000 new crew members in 2022 and expects to hire hundreds more per week leading up to the summer season. Keep an eye on JetBlue Airways going forward.

We’ve been pounding the table on another aviation company that’s set to takeoff thanks to increased travel demand. We call this company the Last Great Value Stock and it’s currently trading at less than $2. But an upcoming May 12 announcement could send it soaring!

Click here to learn more about this rare opportunity.

Trex Company (NYSE: TREX)

Trex Company is up 2.10% premarket as the manufacturing company continues to see steady earnings growth. Overall, Trex has grown by 17% per year. It also grew revenue a solid 36% to $1.2 billion. It also has modest CEO pay, which is a good sign the board is keeping shareholder interest in mind. Trex is looking like a solid company right now.

Wayfair Inc. (NYSE: W)

Wayfair is down 4.18% premarket as the furniture company is seeing a halt in the home renovation boom. The pandemic caused a lot of people to stay at home and work on their house, but inflation and more people now getting out could lead to a drop in sales revenue. Wayfair is a stock that could be volatile going forward.

Tesla (Nasdaq: TSLA)

Tesla is down 3.52% premarket as the electric car company is seeing sluggish production in China due to strict COVID-19 laws. Tesla’s Shanghai plant has been closed for the past two weeks. Plus, sales in the world’s biggest car market tumbled 11.7% in March from a year earlier to 2.23 million vehicles – its first decline in three months. This contrasts sharply with an 18.7% bump in February, according to the China Association of Automobile Manufacturers. Tesla is a stock to be cautious of going forward.