Stocks finished sharply higher Monday as Wall Street prepared for quarterly earnings reports from the biggest banks in the U.S., while remaining optimistic about further fiscal stimulus.
Here are some of the big movers in the stock market on Monday:
1. Dillard's | Percentage Increase 27%
Retailer Dillard's (DDS) - Get Report surged following news of a stake purchased by Berkshire Hathaway's (BRK.A) - Get Report Ted Weschler and a price-target increase from Wedbush Securities analyst Jennifer Redding, who lifted her price target on Dillard's by $16 to $46 a share.
2. Cloudflare | Percentage Increase 23%
Cloudflare (NET) - Get Report climbed after the internet infrastructure company unveiled Cloudflare One, a network-as-a-service solution for cloud-based security, performance, and control through a single user interface.
3. DouYu International | Percentage Increase 12%
DouYu International Holdings (DOYU) - Get Report advanced following its agreement to be acquired by fellow Chinese streaming company Huya (HUYA) - Get Report in an all-share deal. Bloomberg estimated the deal has a market value of more than $11 billion.
4. Plantronics | Percentage Increase 18%
Plantronics (PLT) - Get Report jumped after the communications equipment maker was upgraded by Northland analyst Michael Latimore to outperform from market perform with an unchanged price target of $24. The analyst said that channel checks indicate the company continues to benefit from a "strong headset and video tailwind."
5. LivaNova | Percentage Increase 13%
LivaNova (LIVN) - Get Report climbed after the London investment firm PrimeStone Capital sent a letter to the medical device maker's board urging them to consider strategic options including selling parts of its business, refreshing its board and hiring a new finance chief.