Stocks ended higher Tuesday, with tech stocks leading the way, as Wall Street looked beyond concerns about the omicron variant.
Here are some of the big movers in the stock market Tuesday:
1. Starbucks | Increase 2.6%
Starbucks (SBUX) - Get Free Report shares were heating up after MKM Partners upgraded the coffee-bar titan to buy from neutral and boosted its price target to $130 from $114. Analyst Brett Levy said in a research note that he was taking a more constructive view of the company's long-term prospects.
2. Intel | Increase 3.1%
Shares of Intel (INTC) - Get Free Report powered higher after the chipmaker unveiled plans to list Mobileye, its self-driving car division, sometime next year. Intel, which bought Israel-based Mobileye for $15.3 billion in 2017, will retain a majority holding in the group.
3. AutoZone | Increase 7.6%
AutoZone (AZO) - Get Free Report shares soared after the auto parts retailer beat Wall Street's first-quarter earnings and revenue expectations. Net income totaled $555.2 million, or $25.69 a share, from $442.4 million, or $18.61 a share, a year ago. The FactSet consensus called for earnings $20.98 a year. Sales came to $3.67 billion, up 16.3% from a year ago, and beating the FactSet consensus of $3.37 billion.
4. Momentive Global | Increase 13%
Shares of Momentive Global (MNTV) - Get Free Report shares climbed after a regulatory filing described the process leading up to Zendesk's (ZEN) - Get Free Report proposal to acquire the SurveyMonkey parent. In October, Zendesk submitted a revised "best and final" nonbinding written proposal to acquire Momentive for $28 a share, to be paid entirely in shares of Zendesk common stock, the filing said.
5. Trupanion | Increase 39%
Trupanion (TRUP) - Get Free Report shares leaped after the company, which specializes in medical insurance for pets, and online pet products company Chewy (CHWY) - Get Free Report announced a partnership to offer a suite of pet health insurance and wellness plans to more than 20 million Chewy customers.