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U.S. stocks rallied again on Tuesday as expectations that the
Federal Reserve will raise interest rates later this month
continue diminishing while
continue rising. West Texas Intermediate topped $50 per barrel
for the first time in 10 months Tuesday.
That helped the
climb 0.13% while the
Dow Jones Industrial Average
added 0.1%. The
finished lower by 0.14%.
Even with higher oil prices,
American Airlines Group Inc
) was one of today's best stocks while
LDR Holding Corp
United Natural Foods, Inc.
) joined that prestigious group for other reasons.
American Airlines Group Inc (AAL)
American Airlines, one of the largest U.S. carriers, flew
higher by 3.5% on heavy volume a day after the company revealed
changes to its frequent flier program. At the crux of AAL's
frequent flier changes is money. Passengers that pay higher fares
will receive bigger AAL rewards.
Shares of AAL rose today despite oil prices touching their
highest levels of 2016 and even with data indicating that AAL had
one of the highest number of canceled flights in the airline
industry last month
AAL shares are down more than 23% year-to-date.
LDR Holding Corp (LDRH)
Shares of medical device maker LDR Holding surged 63.8% on
more than 60 times the average daily volume after
Zimmer Biomet Holdings Inc
) said it will acquire LDRH for $1 billion.
ZBH's offer for LDRH equals $37 a share, a 68% premium to
where shares of LDRH closed yesterday. The deal is expected to be
finalized next quarter.
ZBH's acquisition of LDRH bolsters the former's position in
the spine disorder surgical technology market, according to the
United Natural Foods, Inc. (UNFI)
Wholesale food retailer United Natural Foods soared 14% on
volume that was more than seven times the daily average after the
company said it earned 76 cents a share in its fiscal third
Analysts expected UNFI to earn 66 cents a share.
UNFI said sales for the period were $2.13 billion, slightly
below the $2.16 billion analysts expected. For 2016, UNFI
expects to earn
$2.39 to $2.45 per share on sales of $8.46 billion to $8.5
At the time of this writing, Todd Shriber did not own any
of the aforementioned securities.
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