Finance News

Shares That Make The Greatest Strikes At Noon: RH, Signet Jewelers, Clover & Extra

Entrance to the Restoration Hardware Store in the Meatpacking District of New York.

Source: RH

RH – RH shares rose 15.7% after the retailer's financial results beat Wall Street's expectations for the first quarter. The home decorator, formerly known as Restoration Hardware, reported adjusted earnings of $ 4.89 per share on sales of $ 861 million. Analysts were expecting adjusted earnings of $ 4.10 per share on revenue of $ 758 million, according to Refinitiv. RH also raised its outlook for the year as a whole.

Signet Jewelers – Signet stock rose nearly 14% after the company's earnings beat analyst projections in the first quarter. The jeweler reported adjusted earnings of $ 2.23 per share, compared to Street expectations of $ 1.27 per share, according to Refinitiv. Signet has also exceeded analysts' revenue expectations, more than doubling sales in the same store.

ServiceNow – The enterprise software company's shares rose 5.3% after Goldman Sachs put the stock on its persuasion buy list. The company said the company's growth should accelerate again in 2022 and its shares are up nearly 50%.

Bristol-Myers Squibb – The drug company trades 3% higher after reporting positive results from a phase 3 study in lymphoma. Bristol-Myers Squibb said it was the first time treatment beyond chemotherapy and stem cell transplantation had shown benefit in relapsed or refractory large B-cell lymphoma.

Biogen – Biogen's shares rose more than 2%. SVB Leerink has raised its price target and maintained the outperformance of the share. UBS also upgraded it after the FDA approved its Alzheimer's drug.

Fast – The cloud computing company's stock fell more than 1% after Oppenheimer downgraded it from outperformance to performance. Although the company was quick to respond in response to the internet outage this week, the cost to customers of the network switch is low and could hurt sales.

Eli Lilly and Co. – The company's shares rose more than 3% after Eli Lilly said it entered into a clinical trial collaboration and supply agreement with ALX Oncology. The study focuses on patients with gastric or gastrointestinal cancer.

GameStop – GameStop's shares fell about 19%. The company has hired two former Amazon executives as CEO and CFO as the Securities and Exchange Commission searches for information on the recent trading craze around them. GameStop also reported better-than-expected earnings on Wednesday.

Clover Health, Wendy's, Clean Energy Fuels Corp – Meme stocks fell. Health insurer Clover shares were down 15%. Wendys slipped more than 3%. Clean Energy Fuels, a California-based natural gas supplier, slumped 15.5%.

– CNBC's Hannah Miao, Jesse Pound and Pippa Stevens contributed to the coverage

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