United Airlines
  • UAL

  • $47

  • +1.39%
  • $47

  • $47

  • $46

Ticker Appearances

Tue, January 23, 2024 | 12:07PM ET
Today's market action is largely defensive in US Stocks, being led by Cons Staples (PG 1.43% ,CHD 1.53% ,EL 0.82% ,KMB 0.52%  leading) while Telecom also making good strides on positive VZ news. Airliner stocks likeUAL 1.39% ,LUV -3.03% , andAAL N/A%  along withDAL 1.56%  are all up more than 3%. SPX is lower by jjust 6 points, but strength is largely only in major groups like Comm Svcs +0.90% and Staples +0.50 while REITS, Discretionary, and Healthcare are all lower by -0.50-0.75%. US Dollar along with Yields are both pushing higher again, and this move looks likely to extend into February before a turn back lower. The chart below is VZ, as Telecom lead strength within the Comm Svcs group- Note that VZ bottomed at nearly exact 50% absolute retracement of its peak in late 2020, and has turned up sharply in recent weeks. VZ target is in the mid-40s where i expect this will encounter resistance before it gets above its own 50% retracement level- Telecom attractive for short-term only given this recent surge in momentum, but both T and VZ, have meaningful intermediate-term downtrends and expect this slows both these stocks over next month. For those sniffing out Telecom, its TMUS that stands out as being most attractive- Below is Verizon -VZ 0.15%
Trending tickers in our research
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$804.25
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^Prices as of 2024-07-26 16:15:15