DraftKings – Sports games stock rose more than 9% after Loop Ventures raised its target price on the stock. The company cited the company’s fourth-quarter revenue spike, reported last week, as the reason it had confidence in the stock.
Boeing – The industrial giant’s shares rose 5% and led the rally in the blue-chip Dow Jones industry average during the broad market comeback. Boeing’s advance came after United Airlines announced it would buy an additional 25 737 Max aircraft and take other orders ahead of schedule. The move is seen as a vote of confidence in the planes, which lay on the ground for 20 months after two crashes.
Wayfair – The private e-commerce retailer’s shares fell nearly 9% after Truist upgraded the stock to buy from the hold. The Wall Street company said while the company has seen increased demand due to the pandemic, it believes Wayfair will come out stronger after cementing its position as a category leader in the home category.
Boston Beer – The beverage company’s shares rose more than 4% after Morgan Stanley began reporting on the stock with an overweight rating. The Wall Street firm said the stock was undervalued and bullish in the tough seltzer category.
Dentsply Sirona – The dental supplier’s shares rose 12% after a stronger-than-expected fourth quarter report. Dentsply Sirona reported earnings per share of 87 cents on sales of $ 1.08 billion. Analysts polled by FactSet expected earnings per share of 64 cents and sales of just under 1 billion US dollars. The company’s forecast was also above forecasts.
NRG Energy – The utility inventory grew more than 15% after fourth quarter revenue was higher than expected. NRG had just over $ 2 billion in revenue for the quarter, while analysts surveyed by FactSet searched for $ 1.96 billion. The company also said the effects of the Texas winter storm didn’t change its forecast for 2021.
Twilio – Cloud communications stock rose approximately 4.5% after announcing a partnership with Syniverse. The deal, first reported by the Wall Street Journal, includes a $ 750 million investment by Twilio for a minority stake in the other company.
Berkshire Hathaway – The conglomerate’s B shares rose 3.5% to hit a new record high following the company’s profits and Warren Buffett’s annual letter on Saturday. The results were better than feared, with 2020 sales totaling $ 245.5 billion, only a 3.5% year-over-year decrease despite the pandemic damage. Berkshire also repurchased nearly $ 9 billion of its own shares in the fourth quarter of 2020, bringing the company’s buybacks to a record $ 24.7 billion last year.
Perrigo – Wellness stock surged more than 5%, despite Perrigo missing estimates on its income statement for the fourth quarter. The company also announced that it is selling its generics business for approximately $ 1.5 billion.
Vector Acquisition Corp. – Blankoscheck’s shares rose more than 32% after it was announced that it had agreed to merge with Rocket Lab.