Stock Market Roundup, April 11: UAL Slumps, QCOM Sues AAPL

Despite a slight rebound in afternoon trading hours, stocks finished lower on Tuesday as investors continue to deal with a variety global economic and political hesitations.

United Airlines dominated headlines as its stock continued to dip just a day after the company went viral for its violent removal of a passenger who refused to leave an overbooked fight. Shares of Qualcomm and Apple also slumped on the latest twist in the pair’s ongoing legal battle.

Zacks Rank #1 (Strong Buy) Top Movers

Value: OMV AG OMVJF - +15.25%

Growth: OMVJF

Momentum: Spirax-Sarco Engineering SPXSF - +8.06%

VGM: Diversified Restaurant Holdings (NASDAQ:SAUC) - +4.49%

Income: Bank of Commerce Holdings (NASDAQ:BOCH) - +4.17%

Major Indexes

DOW: 20,627.17 / -30.85 / -0.15%

NASDAQ: 5,857.52 / -23.41 / -0.40%

S&P 500: 2,350.19 / -6.97 / -0.30%

Top Headlines

Forget United, Buy These 3 Airline Stocks Instead

Investor sentiment finally caught up to shares of United Continental (NYSE:UAL) after video emerged online that showed a passenger being dragged off a Chicago-Louisville flight. Shares are down about 4% in Tuesday morning trading, and the legacy carrier’s market cap has fallen by more than $750 million so far to $21.8 billion.

Qualcomm Countersues Apple Over Holding Back Most Advanced Chips

Wireless chip giant Qualcomm (NASDAQ:QCOM) is countersuing Apple (NASDAQ:AAPL) in a dispute over licensing fees for mobile technology. This follows Apple’s original lawsuit from January that claimed Qualcomm owes $1 billion in ‘rebates.’

Chipotle's New Ad Campaign Falls Short With Investors

It looks like the adrenaline rush from Chipotle’s nationwide ad campaign didn’t last long. Upon the release of the new ads on Monday, Chipotle Mexican Grill Inc. (NYSE:CMG) received a small surge, but is currently down 1% to $449.46 per share in midday trading Tuesday.

Will the Galaxy S8 Help Samsung (KS:005930) Recover from its PR Headaches?

On today’s episode of Tech Talk Tuesday, Content Writer Ryan McQueeney is joined by another member of the Zacks content team, Parth Panchal, to discuss the highly-anticipated Galaxy S8, Samsung’s latest addition to its flagship line of smartphones.

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