Stocks ended sharply higher Friday amid progress on vaccine distribution and rising optimism about a strong economic recovery.
Here are some of the market's biggest gainers for Friday:
1. L Brands | Increase 3.7%
L Brands (LB) - Get L Brands, Inc. Report climbed after the parent of Victoria's Secret raised its first-quarter guidance as sales got a shot in the arm from government stimulus checks, easing COVID-19 restrictions and other factors.
L Brands said it now expects first-quarter earnings to range from 85 cents to $1 a share, up from a previous range of 55 cents to 65 cents.
2. Telos | Increase 23%
BMO Capital Markets analyst Keith Bachman, who has an outperform rating on the stock, raised his price target to $40 from $24.
3. Magnachip Semiconductor | Increase 27%
Magnachip's board unanimously approved the deal, which is expected to close in the second half.
4. Banco Santander Mexico | Increase 19%
Banco Santander Mexico (BSMX) - Get Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Mexico Report rose after the financial services company said its controlling shareholder, Banco Santander, intends to buy all remaining shares of its Mexico subsidiary that it doesn't already own.