We recently compiled a list of the Why These 10 Large-Cap Stocks are Skyrocketing. In this article, we are going to take a look at where United Airlines Holdings, Inc. (NASDAQ:UAL) stands against the other large-cap stocks.
On January 23, Mike Bailey, FBB Capital Partners director of research, appeared on CNBC where he shared his outlook on the large caps. Bailey was happy with how the macroeconomic conditions were looking for the United States, especially with the job growth, in 2025 and beyond.
He particularly remained confident that large caps were better positioned to report earnings growth than the small caps, especially when looking for long-term growth and expectations of exceeding goals.
Ten companies in diverse sectors such as the financials, healthcare, technology, and energy industries, locked in overall positive market gains due to supportive market conditions, macroeconomic environment, and growth potential. That said, let’s take a look at the 10 large-cap stocks that happen to be skyrocketing.
To come up with the 10 names, we only considered stocks with a market capitalization of more than $10 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the top 10 with the highest 30-day return from December 22, 2024, to January 22, 2025.
A bird’s eye view of a large commercial jetliner taking off from an airport runway.
United Airlines Holdings, Inc. (NASDAQ:UAL)
30-day Return as of January 22, 2025: 12.9%
On January 22, UAL registered a 13% increase in its share price, reaching $111.92 apiece, up from $99.48 on December 22, 2024. Through its subsidiaries, United Airlines Holdings, Inc. (NASDAQ:UAL) runs airlines that transport people and cargo.
In the fourth quarter of 2024, the company reported record profit, with pre-tax earnings reaching $4.2 billion. In addition to that, UAL increased its capacity by 6.2% in Q4 2024 compared to the fourth quarter of 2023, and revenue by 7.8%. In an impressive feat, United Airlines Holdings, Inc. (NASDAQ:UAL) generated $9.4 billion in operating cash flow and $3.4 billion in free cash flow during the same period.
On January 22, David Vernon, an analyst at Bernstein, maintained a buy rating on the stock and set a price target of $115. Vernon gave a buy rating on the stock due to UAL’s earnings beat in the fourth quarter of 2024, with revenue surpassing expectations due to international operations and premium services. In addition to that, Vernon is also pleased with the company’s optimistic 2025 guidance.
Overall UAL ranks 9th on our list of the large-cap stocks that are skyrocketing. While we acknowledge the potential of UAL as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UAL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
