ARCT - Hot Stocks: AAL WSO STLD climb on earnings news; ARCT drops after downgrade

Earnings news provided a crucial catalyst during Thursday's midday trading. American Airlines (NASDAQ:AAL) ranked among the standout performers, rising in the wake of its upbeat results. Meanwhile, Watsco (WSO) and Steel Dynamics (STLD) both rose after their respective quarterly updates. Looking to the downside, Arcturus Therapeutics (ARCT) lost ground following an analyst downgrade. Gainers American Airlines (AAL) rallied in midday action after the release of Street-beating earnings news. The company reported a narrower-than-expected loss, with revenue that more than doubled from last year to reach $8.9B. AAL also gave an upbeat assessment of current bookings, with corporate bookings reaching their highest level since the start of the pandemic. Bolstered by the earnings news, the stock rose more than 5% in intraday action. Earnings news also gave a boost to Watsco (WSO). Shares rose 6% after the distributor of air conditioning, heating and refrigeration equipment topped projections with both its top

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Hot Stocks: AAL, WSO, STLD climb on earnings news; ARCT drops after downgrade