Stocks finished Wednesday as Wall Street looked beyond concerns about the omicron variant.
Here are some of the market’s biggest gainers for Wednesday:
1. Roku | Increase 18%
Roku (ROKU) – Get Roku, Inc. Class A Report shares surged after the streaming service hub and YouTube announced a multi-year agreement resolving a months-long dispute. YouTube owner Alphabet’s (GOOGL) – Get Alphabet Inc. Class A Report Google and Roku had feuded since April over terms for distributing YouTube’s flagship app and its YouTube TV service.
2. Dave & Buster’s | Increase 8.6%
Shares of Dave & Buster’s Entertainment (PLAY) – Get Dave & Buster’s Entertainment, Inc. Report powered higher after the restaurant/entertainment company beat Wall Street’s third-quarter earnings estimates. The company posted earnings of 21 cents a share, up from a loss of $1.01 a share a year ago, and beating the Zacks Consensus Estimate of 12 cents a share.
3. Goodyear Tire & Rubber | Increase 2.6%
Goodyear Tire & Rubber (GT) – Get Goodyear Tire & Rubber Company Report shares bounced higher after Deutsche Bank analyst Emmanuel Rosner upgraded the tire maker to buy from hold with a price target of $32, up from $29. The company is a “large” beneficiary from the shift to electric vehicles, Rosner said.
4. United Natural Foods | Increase 13%
Shares of United Natural Foods (UNFI) – Get United Natural Foods, Inc. Report jumped after the food wholesaler reported fiscal first-quarter earnings and sales that beat forecasts. Adjusted earnings came to 97 cents a share, beating the FactSet consensus for 58 cents. Sales totaled $6.997 billion, up from $6.684 billion a year ago, and ahead of the FactSet consensus of $6.792 billion.
5. Photronics | Increase 26%
Photronics (PLAB) – Get Photronics, Inc. Report shares soared after the semiconductor company beat Wall Street’s fourth-quarter earnings expectations. Net income rose to $19.8 million, or 33 cents a share, from $6.5 million, or 10 cents a share, a year ago. Revenue totaled $181.3 million, up 21% from a year ago.
