Advances:
- American Airlines (AAL) +21.1%, United Airlines Holding (UAL) +16.5%, Delta Air Lines (DAL) +11.6%, Southwest Airlines (LUV) +5.9%. The airline industry continues to move higher on positive news involving capacity growth.
- Caleres (CAL) +13.6%. Analysts are optimistic about the company's second-half outlook due to new customer acquisition through e-commerce.
- Tiffany & Co. (TIF) +7.8%. LVMH Moet Hennessy Louis Vuitton (LVMUY) is backing off from its earlier desire to renegotiate terms of its TIF acquisition.
- Sysco (SYY) +7.1%. The company was upgraded from "equal weight" to "overweight" at Wells Fargo (WFC).
- Hexcel (HXL) +6.4%. BMO upgraded the company from "perform" to "outperform."
- Broadcom (AVGO) +5.2%. The takeaway from the company's earnings was positive as cloud, telecom, and enterprise customer demand surged.
- Novavax (NVAX) +5.2%. The company was upgraded from "underweight" to "neutral" at JPMorgan Chase (JPM).
Declines:
- Slack Technologies (WORK) -15.1%. The company's first-quarter highlighted slowing billing growth.
- MongoDB (MDB) -9%. MDB's second-quarter guidance was below estimates.
- PagerDuty (PD) -8%. The company's second-quarter outlook was weaker than anticipated and it also cut its full-year guidance midpoints.
- GameStop (GME) -6%. The company said its first-quarter results will all be negative.