(MENAFN- Baystreet) United Airlines Swings To A Loss In First Quarter
Tim Hortons To Sell Pizza As It Expands Menu
Today's Hottest Stocks: Alibaba, DJT, MPW, Vale, and More
Wednesday's Winners and Losers
GXO Joins with Daikin Previous Articles Subscribe to Get Small Cap News & Alerts Chris Lau - Wednesday, April 17, 2024
Mid-Week Wednesday's Most Active Buys
In light of interest rates staying above 5%, investors need only avoid busted biotechnology and electric vehicle stocks. Markets avoid companies that post quarterly losses and must raise capital amid tight monetary policy conditions.
The biotech stocks to avoid include Pacific Biosciences (PACB) and Intellia Therapeutics (NTLA). Tesla (TSLA), which posts results on April 23, is a speculative trade.
Rivian (RIVN) is still looking to find a bottom after trading at an all-time low of $8.32. Investors should also avoid lithium mining firms like Albemarle (ALB). Short-sellers have 14.6 million shares short.
Momentum traders may buy Super Micro Computer (SMCI) today. Shares gained 10.6% on Tuesday when an analyst at Loop Capital set the highest price target on Wall Street. Citing strong AI server positioning, the firm has a $1,500 price target.
Apple (AAPL) might catch a strong bid today despite its downtrend firmly in place.
Health plan provider UnitedHealth Group (UNH) is a buy after gaining 5.22%. The firm posted revenue growing by 8.6% Y/Y to $99.8 billion. It earned $6.91 a share (adjusted). It will earn $17.60 - $18.20 in 2024, after adjusting for the impact of the cyberattack.
In the airline sector, consider United Airlines (UAL). It posted a $124 million loss, due to grounding all Boeing (BA) planes for three weeks in January.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN17042024000212011056ID1108107757
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.