United Continental Advances 8% Despite 39% Spike in Fuel Cost
Todd Peters, senior vice president at Adviser Investments, has the market analysis for Wednesday, July 18. Textron topped expectations, reporting a 53% gain in income from continuing operations. Similarly, and despite a 39% spike in year-over-year fuel costs, United Continental’s stock advanced 8% on higher-than-expected quarterly results and solid forward guidance. Meanwhile, housing stocks were weak following the release of June housing starts data, which reflected a 12% decline since May. Despite those numbers, demand remains strong with 50% of U.S. builders reporting June price increases.
Daniel Wiener Chairman Jeffrey DeMaso Director of Research Chris Keith Senior Vice President, Fixed Income Elizabeth Kesselman Vice President Jim Lowell Partner, Chief Investment Officer Charles Toole Vice President, Portfolio Manager Elizabeth Laprade Research Analyst July 27, 2018