Republic Risk: CPI Overheats and What to Do... About Jet Blue

Carl Icahn has disclosed a 10% stake in the airline carrier. You know that we want to take a trade here.

Dear  Fellow Expat:

Today, we’ll discuss the importance of OPEC and China in our Postcards. 

But as a Republic Risk Letter subscriber, you will get a quick update on two matters. First, insider buying (you know well by now) is a great way to focus on companies where people with deep pockets see opportunity. But the next 48 hours are critical for the markets because we’ll get insight from 13Ds.

What on earth are those? To the internet.

A 13D is a filing with the U.S. Securities and Exchange Commission (SEC) required by investors who acquire 5% or more of a company's stock. It discloses their ownership, intentions, and any changes regarding the company's management or business direction, often indicating potential activist involvement.

This morning, JetBlue (JBLU) shares popped 15.8% on news that Carl Icahn had taken a 10% stake in the company. 

Now… Icahn is one of the last great corporate raiders. He is an activist investor who takes a stake in the company and tries to “effect change” at th…