AAL - Hot Stocks: Airlines soar; JMIA jumps on earnings; HPK BZFD drop; TDW sets high

Stocks rallied on Tuesday, overcoming a choppy session as investors searched for bargains among beaten-down names. The Nasdaq led the advance, climbing by about 2.8%.  Airlines were among the contributors to the general advance. United Airlines (UAL) climbed on strong guidance, carrying American Airlines (AAL), JetBlue (JBLU), Delta Air Lines (DAL) and Southwest Airlines (LUV) along with it. Jumia Technologies (NYSE:JMIA) was another standout gainer. Shares expanded their value by almost a third following the release of a strong earnings report. Meanwhile, Tidewater (TDW) extended its recent post-earnings momentum, driving to yet another 52-week high. On the other side of the ledger, HighPeak Energy (HPK) posted a double-digit percentage decline following the release of its latest financial figures. At the same time, earnings news also weighed on Buzzfeed (BZFD), sending the stock to a new post-SPAC low. Sector In Focus An upbeat forecast from United Airlines (UAL) prompted buying throughout

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Hot Stocks: Airlines soar; JMIA jumps on earnings; HPK, BZFD drop; TDW sets high