Stock price when the opinion was issued
Yesterday, they reported a surprisingly strong quarter with in-line sales, an earnings beat, but share flatlined today. Why? UAL offered 2 sets of guidance--one for a stable economy and the other for a recession. That's a brilliant idea. Bookings could be stable or weaken. Both forecasts are certainly possible.
(A Top Pick Jul 30/20, Up 23.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with UAL has achieved its $53 objective. To be disciplined, we recommend covering 50% of the position and trailing up the stop to $40.