Strength from the S&P 500 Industrial Sector
The major averages have turned mixed in recent trade with the S&P 500 up 0.1%, the Nasdaq up 0.2%, and the Dow down 0.1%.The S&P 500 industrial sector has shown relative strength this morning as it leads all sectors with a gain of 0.5%. Airline stocks have outperformed in part by lower oil prices ($51.28/bbl, -$1.14, -2.2%). American Airlines (AAL 36.48, +0.48) and United Continental (UAL 89.16, +0.99) are up 1.3% and 1.1%, respectively.Separately, Avis Budget (CAR 27.51, +1.83) is up 7.1% after Goldman Sachs "double" upgraded the stock to 'Buy' from 'Sell' and increased its target price to $35 from $30.Tesla (TSLA 314.48, +8.63), up 2.9%, has also benefited from an upgrade. Canaccord Genuity upgraded the stock to 'Buy' from 'Hold' with a target share price of $450.