S&P 500 top movers: L Brands Inc (LB: NYSE) stock surges to 34 month highs above $46
|- S&P 500 climbed to a new all-time high on Thursday.
- L Brands Inc (LB: NYSE) is the top performer on strong sales and earnings forecast.
The S&P 500 Index (SPX) opened higher on Thursday and preserved its bullish momentum to touch a new all-time high of 3,810. As of writing, the SPX was up 1.46% on the day at 3,802.
S&P 500 top movers
Earlier in the day, L Brands Inc (LB: NYSE) reported revenue for nine weeks ended January 2, 2021, was $3.836 billion and said it sees the fourth-quarter earnings per share between $2.70 and $2.80. On the back of these upbeat figures, BofA Global Research raised its price target for the stock to $65 from $60. As of writing, LB was the top performer of the day, trading at its highest level since March 2018 at $46.58 with a daily gain of nearly 7%.
Tesla Inc (TSLA: NASDAQ) and DXC Technology Co (DXC: NYSE) share are among the biggest winners on Thursday, both rising more than 6%.
On the other hand, Fox Corp. Class B (FOX: NASDAQ), CenterPoint Energy Inc (CNP: NYSE), Conagra Brands Inc (CAG: NYSE) and Omnicom Group Inc (OMC: NYSE) shares are down between 3% and 4%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.