4 trades on airline and aerospace stocks

The airline trade: 4 plays on 3 stocks
The airline trade: 4 plays on 3 stocks   

JetBlue Airways stock could gain ground as the carrier attempts an overseas expansion, some CNBC "Fast Money" traders said.

The company on Monday said it is looking into extending its network to South America and other places abroad with a long-range plane from Airbus. JetBlue closed Tuesday barely higher.

Customers check in at the JetBlue counter at John F. Kennedy Airport
Getty Images
Customers check in at the JetBlue counter at John F. Kennedy Airport

While he was disappointed by the way it traded after the news, trader Guy Adami said he still likes JetBlue at its current price, below $20 per share. The stock has climbed more than 20 percent this year, and trader Steve Grasso agreed that he would stick with it, especially after a recent pullback in the wider airline sector.

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That broader weakness has brought Delta Air Lines to "interesting levels," said trader Tim Seymour. The stock has fallen more than 17 percent this year, and closed Tuesday around $40 per share.

Delta looks risky if it fails to hold above $40, he noted.

Boeing looks the most appealing in the aerospace sector, trader Brian Kelly contended. The stock has climbed almost 10 percent this year.

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Disclosures:

TIM SEYMOUR

Tim Seymour is long AAPL, T, BAC, C, DIS, F, GE, GM, GOOGL, INTC, JCP and SUNE. Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX and YHOO.

STEVE GRASSO

Steve Grasso is long AAPL, BAC, DD, DECK, EVGN, MJNA, PFE, T, TWTR and GDX. His firm is long AVP and TWTR. His kids own EFG, EFA, EWJ, IJR and SPY.

BRIAN KELLY

Brian Kelly is long DXGE, BTC=, BBRY and U.S. dollar. He is short Australian dollar, Canadian dollar, euro, yen and yuan.

GUY ADAMI

Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.