A roundup of the action in notable stocks of interest to readers of TheStreet.com.
Airline and online marketing stocks were among the leaders in Tuesday’s U.S. trading, while communications and banking stocks lagged.
Among companies of particular interest to readers of TheStreet.com, shares of eBay Inc (EBAY) – Get Free Report rose 1.08% to $46.76. For more information on what Real Money columnists are saying about eBay Inc, please click here.
Shares of American Airlines Group Inc (AAL) – Get Free Report rose 0.35% to $17.08. To learn more profitable trading ideas from Real Money columnists about American Airlines Group Inc, please click here.
Shares of Southwest Airlines Co (LUV) – Get Free Report rose 0.14% to $37.04. Southwest Airlines is still trying to recover from a holiday season meltdown that saw thousands of flight disruptions and passenger delays.
Verizon Slides Ahead of Earnings
Shares of Verizon Communications Inc. (VZ) – Get Free Report fell 2.41% to $40.85. Verizon is expected to report financial results for its latest quarter on January 24. Analysts surveyed by Zack’s see the telecom making $1.21 a share on revenue of $35.15 billion.
Shares of Bank of America Corp (BAC) – Get Free Report fell 2.02% to $34.52. Bank of America CEO Brian Moynihan said in an interview at the World Economic Forum in Davos that any U.S. recession will be mild, “slightly down” for a couple of quarters before a return to more normal growth in 2024 and 2025.
Shares of Etsy Inc (ETSY) – Get Free Report fell 1.6% to $132.51. Etsy shares have seen recent gains as the niche online market platform draws more attention from analysts following a strong second half share performance in 2022.
Losers Outpace Winners in S&P 500
In the broader markets, U.S. stocks were mixed.
The Dow Jones Industrial Average fell 391.76, or 1.14% to 33,910.85.
The S&P 500 fell 8.12, or 0.2% to 3,990.97. Losers outpaced winners 306 to 188. Within the S&P 500, materials stocks led, while communication services lagged.
The Nasdaq Composite rose 15.96, or 0.14% to 11,095.11.