Stocks finished mixed Friday as investors reacted to the impact of a China Evergrande default while more companies cautioned on supply chain disruptions to holiday sales and earnings.
Here are some of the market's biggest gainers for Friday:
1. Meredith | Increase 25.4%
Shares of Meredith (MDP) - Get Meredith Corporation Report jumped after The Wall Street Journal reported that the publisher of magazines such as People was in advanced talks to be bought out by IAC/InterActiveCorp. (IAC) - Get IAC/InterActiveCorp. Report in a deal valued at more than $2.5 billion.
2. Costco | Increase 3.3%
Costco Wholesale (COST) - Get Costco Wholesale Corporation Report rose after the big-box retailer reported fourth-quarter results ahead of analyst estimates. Comparable sales for the quarter rose 9.4% companywide, including a 10.3% increase in the U.S. and a 6.7% increase in Canada.
3. Vail Resorts | Increase 7.4%
Shares of Vail Resorts (MTN) - Get Vail Resorts, Inc. Report climbed after the ski resort operator beat Wall Street's fourth-quarter revenue expectations. On Tuesday KeyBanc upgraded the company to overweight from sector-weight with a $355 price target.
4. Progress Software | Increase 15%
Progress Software (PRGS) - Get Progress Software Corporation Report shares advanced after the business software company beat Wall Street third-quarter earnings expectations, raised its full-year outlook, and announced an agreement to acquire privately held Kemp for $258 million in cash. The acquisition is expected to close in October.
5. BJ's Restaurants | Increase 7.8%
Shares of BJ's Restaurants (BJRI) - Get BJ's Restaurants, Inc. Report rose after Jefferies analyst Andy Barish upgraded the casual dining restaurant operator to buy from hold with a price target of $55, up from $48. The analyst said he had turned "incrementally more positive" on the casual dining sector following a selloff driven by the Covid-19 delta variant and inflation concerns.