Keep an eye on JetBlue (JBLU).

At just $6.07 a share, JBLU is severely undervalued.

Helping, Carl Icahn just reported a 9.91% stake in the stock, also believing that it’s undervalued. As noted by CNBC, “Icahn amassed the stake in a series of purchases in January and February, according to regulatory filings. He has had plans to continue discussions with the company ‘regarding the possibility of board representation.’”

The news came the same day Joanna Geraghty took over as CEO, following the departure of former CEO Robin Hayes. Helping, “JetBlue has also been cutting costs, aiming toward savings of $200 million by the end of this year. It is also planning changes that should boost revenue by $300 million,” as noted by Barron’s.