Joe Terranova Is Bullish Virgin America Inc

On CNBC's Fast Money, Joe Terranova revealed a fresh addition to his portfolio for the Fast Money Halftime Report competition. He decided to buy Virgin America Inc VA on Wednesday. He thinks that the stock should be trading at $40. Terranova explained that February numbers for the airline industry were not that good, but Virgin America Inc recorded 3.6 percent higher traffic. The company started a new route from Dallas, which should be very strong and it still has low fuel costs. Terranova added that the company has been unfairly forgotten since the IPO. It has continued tailwinds behind it, thinks Terranova. He emphasized strong dollar and a recovering U.S. economy.