AT&T, Delta Air Lines and Southwest Airlines were the top three S&P 500 index gainers on the stock market today. Occidental Petroleum, Idexx Labs and Constellation Energy were the S&P 500's biggest losers on Monday.
AT&T stock popped 7.5% to 19.63. With AT&T spinning off its media assets to Discovery, forging Warner Bros Discovery, investors are looking at a refocused telecom giant. AT&T stock looks a lot like Verizon, JPMorgan analyst Philip Cusick says, with a similar dividend yield but a lower EBITDA multiple.
DAL stock rebounded 4.1% to 38.23 as airlines rallied on lower crude oil prices. Delta and other airline stocks were big losers last week. Delta earnings are due Wednesday.
LUV stock rose 3.35% to 42.62.
S&P 500 Losers
OXY stock fell 6.3% to 57.92 after hitting a three-year closing high. Occidental stock and other oil stocks struggled Monday as crude oil prices sank 4% to $94.29 a barrel.
IDXX stock sank 6% to 514.48, tumbling back below its 50-day line. Idexx Labs stock has been trending lower since last July.
CEG declined 5.2% to 60.68. But that's after the Exelon spinoff surged over the past three weeks, including last week's 10.7% jump to a record high.
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