Tuesday’s Trending Tickers: TSLA, AMC, CKEC, UAL, PNRA

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United Reports Monthly Traffic Numbers

United Continental Holdings Inc (NYSE:UAL) is over 6% higher this morning on high trading volume after reporting its June traffic numbers. For the month, revenue passenger miles increased by 1.4% to 19.622 billion, while load factor rose by 80 basis points to 87.1%. Capacity inched up by 0.5% to 22.54 billion available seat miles. As for guidance, United Continental expects second quarter consolidated passenger unit revenue to drop by 6.5%-to-6.75% year-over-year. 61 funds in our database were long United Continental Holdings Inc (NYSE:UAL) at the end of the first quarter, down by 12 funds from the end of the prior quarter.

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Analyst Gives Thumbs Up to Panera 

Analysts at Piper Jaffray remain ‘Overweight’ on Panera Bread Co (NASDAQ:PNRA), citing channel checks that indicate Panera’s new food products are helping to increase traffic and revenue. The analysts also think Panera’s new food items could potentially help the company differentiate itself as a healthier alternative to other quick service restaurants. Piper Jaffray has a $237 price target on the stock, which is currently trading at $213.77, up by 0.68% so far in Tuesday’s session. 26 funds that we follow were long Panera Bread Co (NASDAQ:PNRA) at the end of the first quarter, up by eight from the end of 2015.

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Disclosure: None



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