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Despite a slight rebound in afternoon trading hours, stocks finished lower on Tuesday as investors continue to deal with a variety global economic and political hesitations.
United Airlines dominated headlines as its stock continued to dip just a day after the company went viral for its violent removal of a passenger who refused to leave an overbooked fight. Shares of Qualcomm and Apple also slumped on the latest twist in the pair’s ongoing legal battle.
Zacks Rank #1 (Strong Buy) Top Movers
Value: OMV AG OMVJF – +15.25%
Momentum: Spirax-Sarco Engineering SPXSF – +8.06%
VGM: Diversified Restaurant Holdings SAUC – +4.49%
Income: Bank of Commerce Holdings BOCH – +4.17%
DOW: 20,627.17 / -30.85 / -0.15%
NASDAQ: 5,857.52 / -23.41 / -0.40%
S&P 500: 2,350.19 / -6.97 / -0.30%
Forget United, Buy These 3 Airline Stocks Instead
Investor sentiment finally caught up to shares of United Continental UAL after video emerged online that showed a passenger being dragged off a Chicago-Louisville flight. Shares are down about 4% in Tuesday morning trading, and the legacy carrier’s market cap has fallen by more than $750 million so far to $21.8 billion.
Qualcomm Countersues Apple Over Holding Back Most Advanced Chips
Wireless chip giant Qualcomm QCOM is countersuing Apple AAPL in a dispute over licensing fees for mobile technology. This follows Apple’s original lawsuit from January that claimed Qualcomm owes $1 billion in ‘rebates.’
Chipotle’s New Ad Campaign Falls Short With Investors
It looks like the adrenaline rush from Chipotle’s nationwide ad campaign didn’t last long. Upon the release of the new ads on Monday, Chipotle Mexican Grill Inc. CMG received a small surge, but is currently down 1% to $449.46 per share in midday trading Tuesday.
Will the Galaxy S8 Help Samsung Recover from its PR Headaches?
On today’s episode of Tech Talk Tuesday, Content Writer Ryan McQueeney is joined by another member of the Zacks content team, Parth Panchal, to discuss the highly-anticipated Galaxy S8, Samsung’s latest addition to its flagship line of smartphones.
Stocks that Aren’t in the News. Yet.
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United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
QUALCOMM Incorporated (QCOM): Free Stock Analysis Report
Bank of Commerce Holdings (CA) (BOCH): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
OMV AG (OMVJF): Free Stock Analysis Report
Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report
Diversified Restaurant Holdings, Inc. (SAUC): Free Stock Analysis Report
SPIRAX SARCO (SPXSF): Free Stock Analysis Report
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