Stock contracts rose Thursday after Democrats took control of the Senate and Congress recognized Joe Biden as the next U.S. president.
Here are some of the top shifts during the market trading on Thursday.
1. Prop Power PLUG | With 19.71% up
Shares plug power (PLUG) – Get report rose on Thursday after South Korean conglomerate SK Group said it would invest $ 1.5 billion in hydrogen fuel cell maker.
The deal comes as governments and companies around the world try to rely on traditional fossil fuels for power to other forms of renewable energy, including solar, wind and hydrogen.
2. Bed bath and beyond BBBY | Of 12.74%
Bed bath and beyond (BBBY) – Get report declined after a weaker-than-expected third-quarter revenue on Thursday, saying comparable stores’ sales for the current period are likely to match last year’s levels.
According to the company, the group’s net sales fell by 5% to $ 2.6 billion, and analysts’ estimates of $ 2.75 billion were again missing. Sales of comparable stores increased by 2%, partly due to ‘significant strong growth in digital channels’, the company said.
3. Walgreens WBA | 2.72% higher
Shares of Walgreens Boots Alliance (WBA) – Get report rose after the pharmacy chain achieved stronger earnings than the expected quarter, thanks in part to a solid rise in US retail pharmacy sales.
Walgreens reiterated its adjusted profit forecast for the 2021 year, estimating that profits will grow in the ‘low’ single-digit ‘percentage, although the first half of the year will have a negative impact on the coronavirus pandemic.
4. Twitter TWTR | Of 2.44%
Shares of Twitter (TWTR) – Get report slipped Thursday after the platform closed President Trump’s report and threatened to ban him permanently following a series of tweets that, according to some, spurred supporters of the Capitol building’s violent storm.
5. Constellations STZ | 3.34% higher
Shares of Constellation Brands (STZ) – Get report rose in market trading after the liquor and beverage manufacturer reported third-quarter earnings that were above analysts’ estimates.
For fiscal 2021, Constellation expects earnings between $ 9.80 and $ 10.05 per share, ahead of analysts at $ 9.44 per share expectation.