Discover the eleven large-cap stocks that dominated the market last week, driven by positive earnings reports, revised outlooks, and favorable market conditions. From tech giants to homebuilders, these companies are seeing substantial growth.
Results for: Earnings
Peloton Interactive Inc (PTON) saw its shares surge on Friday following a better-than-expected quarterly earnings report. The company’s sales growth, despite a decline in subscribers and increased churn, fueled the optimism. Analysts, however, remain cautious, citing macroeconomic pressures and the company’s ongoing CEO search as potential concerns.
Intuit Inc. (INTU) shares fell despite a strong earnings report, prompting analysts to provide their insights. While several analysts remain optimistic about the company’s future, concerns around long-term growth and free cash flow margin have emerged.
Workday Inc (WDAY) shares soared in early trading after the company reported strong quarterly sales, exceeding analysts’ expectations. The positive results come amidst a strong earnings season. Several analysts maintained bullish ratings on the stock, citing the company’s growth potential and profitability improvements.
Buckle, Inc. (BKE) shares jumped on Friday after the company reported its second-quarter earnings. While the earnings per share missed analyst expectations, revenue exceeded estimates. However, both comparable store sales and online sales declined, indicating challenges in the retail landscape.
U.S. stocks rose on Friday, boosted by strong earnings reports from companies like CAVA Group, Inc. and Workday, Inc. CAVA shares surged over 17% after exceeding analysts’ expectations for both revenue and earnings in the second quarter. Other notable gainers included Graphjet Technology, Arcutis Biotherapeutics, and Lindblad Expeditions Holdings.
CAVA Group, a fast-casual restaurant chain, reported strong second-quarter earnings that beat analyst expectations, fueled by robust sales growth and a compelling value proposition. The company also raised its fiscal year 2024 adjusted EBITDA guidance and same-restaurant sales growth forecast, reflecting its positive outlook. Following the earnings announcement, several analysts upgraded their price targets on CAVA stock, signaling their confidence in the company’s performance.
Advance Auto Parts reported disappointing second-quarter earnings, missing analysts’ expectations and slashing its full-year outlook. The company also announced the sale of its Worldpac wholesale distribution business to The Carlyle Group for $1.5 billion. This news sent Advance Auto Parts shares plummeting by 17.5% on Thursday.
Peloton Interactive reported better-than-expected second-quarter financial results, leading to a significant surge in share prices. The company’s losses narrowed while sales increased, exceeding analyst forecasts. However, analysts remain cautious, with some maintaining hold ratings and others downgrading the stock.
Intuit (INTU) exceeded analysts’ expectations for its fourth-quarter earnings, reporting strong revenue growth and issuing upbeat guidance for fiscal year 2025. The company also authorized a new $3 billion share repurchase program, demonstrating its confidence in future growth.