Stocks closed at record highs Friday and tech shares rallied as investors reset expectations for inflation following a weaker-than-expected U.S. jobs report.
Here are some of the big movers in the stock market on Tuesday:
1. Roku | Increase 12%
Roku (ROKU) - Get Roku, Inc. Class A Report shares surged after the content-streaming platform reported better-than-expected first-quarter earnings and provided a positive outlook, prompting a positive response from Wall Street analysts.
Roku posted profit of 54 cents a share as revenue rose 79% year over year to $574.2 million.
2. Tilray | Increase 14%
The investment firm's analysts upgraded Tilray to buy from underperform while raising their price target to $23 a share from $4.77.
3. Datadog | Increase 8.3%
Revenue totaled $199 million, up 51% year over year and higher than forecasts of $186.6 million.
4. Bill.com | Increase 18%
Shares of Bill.com (BILL) - Get BILL.com Holdings Inc. Report were higher after analysts lauded the fiscal-third-quarter report from the provider of financial-services software for small and medium-size businesses and its plan to acquire a complementary company.
Oppenheimer analysts reiterated an outperform rating and $175 price target on the company.
5. Golden Entertainment | Increase 17%
Net income was $10.6 million, or 35 cents a share, compared with a loss of $32.6 million, or $1.17 a share, a year earlier. Revenue totaled $239.7 million, up from $207.2 million a year earlier.