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) rose 1.08% to $46.76. For more information on what Real Money columnists are saying about eBay Inc, please click here.
Shares of PayPal Holdings Inc (PYPL) rose 0.88% to $80.18. To find out more about what our experts on Real Money are saying about PayPal Holdings Inc, please click here.
Shares of Expedia Group Inc (EXPE) rose 0.43% to $106.55. Expedia was recently upgraded by analysts at Oppenheimer in the wake of a recent sharp decline.
Shares of American Airlines Group Inc (AAL) 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) 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) 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) 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) 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.
Shares of Best Buy Co Inc (BBY) fell 1.59% to $84.42. Best Buy recently announced plans to modify its customer loyalty program, in a move that may leave some customers unhappy.
Shares of American Express Company (AXP) fell 1.29% to $153.75. To learn more profitable trading ideas from Real Money columnists about American Express Company, please click here.
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.
