JetBlue, Chevron, & NVIDIA Among 5 Stocks in the Spotlight Today

Anthem Inc (NYSE:ANTM) shares are off by 2% this morning after Jefferies lowered their rating on the stock to ‘Hold’ from ‘Buy’ and also trimmed their price target on it to $138 per share from $156. As reasoning for the downgrade, the Jefferies analysts cited the lack of positive catalysts and concerns over potentially-rising costs. Anthem shares are down by 6% year-to-date and trade for 10.77-times forward earnings. 58 funds in our system owned shares of Anthem Inc (NYSE:ANTM) as of the most recent 13F reporting period.

JetBlue Airways Corporation (NASDAQ:JBLU) is one of the rare green stocks today after the airline reported its preliminary traffic numbers for August. For the month, traffic rose by 6.2% year-over-year while capacity inched up by 5.7%. Load factor was 87.4%, up by 0.4% from August 2015. The company’s preliminary revenue per available seat mile for the time period decreased by 5.5% year-over-year. For the third quarter, JetBlue’s management expects RASM to decline by a more moderate 3%-to-4% year-over-year. The falling crude prices might also be helping shares today. Jim Simons‘ Renaissance Technologies had a stake of over 6 million shares of JetBlue Airways Corporation (NASDAQ:JBLU) in its portfolio on June 30, 10% larger than its position held on March 31.

Disclosure: None