5 Top Stock Gainers for Thursday: Ford, LendingClub, Anheuser-Busch
The Nasdaq and the S&P 500 closed at record highs Thursday, bolstered by strong earnings reports from some of Wall Street's biggest players.
Here are some of the big movers in the stock market Thursday:
1. Ford | Increase 9%
Ford (F) - Get Free Report shares surged to the highest level in more than seven years Thursday after the carmaker topped its larger rival, General Motors (GM) - Get Free Report with stronger-than-expected third quarter sales. Revenue fell 4.8% from last year to $35.7 billion, beating analysts' estimates of $32.5 billion.
2. LendingClub Bank | Increase 32.9%
Shares of LendingClub (LC) - Get Free Report skyrocketed after the digital marketplace bank posted stronger-than-expected third quarter and raised full-year guidance. Revenue tripled from a year earlier to $246 million from $71 million and beat the analyst estimate of $222 million.
3. Anheuser-Busch | Increase 9.4%
Anheuser-Busch (BUD) - Get Free Report shares climbed when the world's largest brewer upgraded its forecast for 2021 earnings growth after posting a surprise increase in third-quarter profit. The company, which makes Budweiser, Corona and Stella Artois, said revenue grew 15.3% in Brazil as consumers drank more and bought higher-priced beers.
4. Overstock.com| Increase 20.5%
Shares of Overstock.com (OSTK) - Get Free Report jumped after the online retailer beat Wall Street's third-quarter earnings expectations. Total net revenue was $689 million, a decrease of 4% year over year. Active customers were 8.7 million, up 5% year over year, while average order value was $214, up 24% year over year
5. 1-800-Flowers.com | Increase 3.2%
1-800-Flowers.com (FLWS) - Get Free Report shares advanced after the flower delivery company beat Wall Street's first-quarter revenue expectations. Revenues increased 9% to $309.4 million. The company reported a net loss for the quarter of $13.2 million, or 20 cents a share.