5 Top Stock Gainers for Wednesday: Stocks Higher as Wall Street Looks Beyond Omicron
Stocks finished Wednesday as Wall Street looked beyond concerns about the omicron variant.
Here are some of the market's biggest gainers for Wednesday:
1. Roku | Increase 18%
Roku (ROKU) - Get Roku, Inc. Class A Report shares surged after the streaming service hub and YouTube announced a multi-year agreement resolving a months-long dispute. YouTube owner Alphabet's (GOOGL) - Get Alphabet Inc. Class A Report Google and Roku had feuded since April over terms for distributing YouTube's flagship app and its YouTube TV service.
2. Dave & Buster’s | Increase 8.6%
Shares of Dave & Buster’s Entertainment (PLAY) - Get Dave & Buster's Entertainment, Inc. Report powered higher after the restaurant/entertainment company beat Wall Street's third-quarter earnings estimates. The company posted earnings of 21 cents a share, up from a loss of $1.01 a share a year ago, and beating the Zacks Consensus Estimate of 12 cents a share.
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3. Goodyear Tire & Rubber | Increase 2.6%
Goodyear Tire & Rubber (GT) - Get Goodyear Tire & Rubber Company Report shares bounced higher after Deutsche Bank analyst Emmanuel Rosner upgraded the tire maker to buy from hold with a price target of $32, up from $29. The company is a "large" beneficiary from the shift to electric vehicles, Rosner said.
4. United Natural Foods | Increase 13%
Shares of United Natural Foods (UNFI) - Get United Natural Foods, Inc. Report jumped after the food wholesaler reported fiscal first-quarter earnings and sales that beat forecasts. Adjusted earnings came to 97 cents a share, beating the FactSet consensus for 58 cents. Sales totaled $6.997 billion, up from $6.684 billion a year ago, and ahead of the FactSet consensus of $6.792 billion.
5. Photronics | Increase 26%
Photronics (PLAB) - Get Photronics, Inc. Report shares soared after the semiconductor company beat Wall Street's fourth-quarter earnings expectations. Net income rose to $19.8 million, or 33 cents a share, from $6.5 million, or 10 cents a share, a year ago. Revenue totaled $181.3 million, up 21% from a year ago.
