Todd Peters on Construction Costs and the Airline Industry | NECN Market Analysis

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.

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