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United Continental Holdings, Inc. (UAL - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $79.12 – $87.80 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock was driven after the company reported better-than-expected fourth-quarter results (ended Dec 31, 2018).
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for United Continental. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
United Continental currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Is UAL going up? Or down? Predict to see what others think: Up or Down
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
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United Continental (UAL) Jumps: Stock Rises 6.4%
United Continental Holdings, Inc. (UAL - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $79.12 – $87.80 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock was driven after the company reported better-than-expected fourth-quarter results (ended Dec 31, 2018).
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for United Continental. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
United Continental currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
United Continental Holdings, Inc. Price
United Continental Holdings, Inc. Price | United Continental Holdings, Inc. Quote
Another stock worth considering in the Transportation – Airline industry is Azul S.A. (AZUL - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is UAL going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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