Virgin Galactic SpaceShipTwo Unity spacecraft during a glide test in New Mexico.
Virgin Galactic – Virgin shares rose more than 36% after it was revealed the Federal Aviation Administration gave the go-ahead to launch paying customers into space. It is the first such license to be approved by the FAA. The company has approximately 600 ticket reservations for future flights that have sold between $ 200,000 and $ 250,000 each.
Nike – The sports retailer's shares rose more than 13% after better-than-expected quarterly results. Nike reported earnings of 93 cents per share, beating Refinitiv's estimates by 42 cents. Revenue was $ 12.34 billion, beating estimates of $ 11.01 billion. Digital sales have increased 41% since last year and 147% over two years ago.
Netflix – Netflix stocks rose nearly 2% after Credit Suisse upgraded streaming stock from neutral to outperformance. Credit Suisse expects Netflix to continue to dominate original content, with an outstanding upcoming release schedule bolstering growth expectations. The bank also said Netflix's underperformance this year has made its stocks cheap.
BlackBerry – The security and communications software maker saw its shares fall 6.8% after posting a loss on its quarterly earnings. Blackberry reported better-than-expected sales aided by a surge in electric vehicle sales, which increased demand for the company's QNX software. Bank of America has also upgraded the stock to buy.
Nokia – The telecommunications infrastructure company's stock rose 6.4% after Goldman Sachs upgraded its rating from neutral to buy, saying it sees a “better” environment for 5G spending and that the company “sees its place as a major technology carrier for cellular connectivity could regain ”. . "
CarMax – The car dealer's shares rose 6.2% after reporting better-than-expected earnings for its most recent quarter. CarMax beat consensus estimate by $ 1 per share with quarterly earnings of $ 2.63, partly due to a pandemic-driven consumer preference for cars over public transportation.
FedEx – The shipping giant is down nearly 5% despite beating the top and bottom lines of its quarterly results. FedEx reported earnings of $ 5.01 per share on revenue of $ 22.57 billion. According to Refinitiv, analysts expected earnings per share of $ 4.99 on sales of $ 21.51 billion. However, CEO Fred Smith said operations will be constrained by the inability to find enough workers, and the company will increase capital spending by 22% this year to deal with delivery delays.
Enphase Energy – Shares in the microinverter maker rose more than 4% after two bullish call street calls from Citi and Stephens, both of which ushered in coverage of the company with a buy-equivalent rating. Stephens said the recent price decline is an attractive entry point for investors for a company looking to "take market share on the horizon".
Darden Restaurants – Darden stock rose 3.4% after MKM upgraded the restaurant company and parent company Olive Garden to buy from neutral. Darden's fourth quarter earnings report on Thursday exceeded Wall Street's expectations, and the company reported that its quarterly sales in the same store have returned to near 2019 levels.
Big Banks – Bank stocks are in the spotlight on Friday after the Federal Reserve released the results of its annual stress test on Thursday and gave a thumbs up to all 23 banks that underwent the last round. The move should pave the way for banks to significantly increase dividends and resume buybacks. Wells Fargo and Bank of America are up 2.92% and 2% respectively. JPMorgan Chase is up 1.14% and Citigroup is up 0.4%.
– CNBC's Maggie Fitzgerald, Hannah Miao and Pippa Stevens contributed to the coverage
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