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 stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. advanced 8% on higher-than-expected quarterly results and solid forward guidance. Meanwhile, housing stocksA financial instrument giving the holder a proportion of the ownership and earnings of a company. 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.