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 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 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.