Top Stock Movers Now: Dollar Tree, Brown-Forman, Five Below, and More
JPMorgan upgraded Dollar Tree stock and raised the price target.
Brown-Forman warned a challenging operating environment would negatively impact profits.U.S. equities rallied at midday after President Donald Trump said he and Chinese leader Xi Jinping agreed to more trade talks. The Dow Jones Industrial Average, S&P 500, and Nasdaq all gained.
Dollar Tree (DLTR) shares bounced back from yesterday's selloff when JPMorgan upgraded the stock and raised the price target, with analysts pointing to confidence in the future share price.
Shares of Five Below (FIVE) jumped when the discount retailer beat profit and sales estimates and lifted its guidance as transactions rose and sales at new locations were strong.
Tractor Supply (TSCO) shares increased when executives gave a positive growth outlook during a Consumer, Technology & Services Conference hosted by Baird.
Brown-Forman (BF.B) was the worst-performing stock in the S&P 500 when the maker of Jack Daniel's whiskey warned about "an exceptionally challenging macroeconomic environment" in the coming year.
Shares of PVH (PVH) tumbled after the company behind the Calvin Klein and Tommy Hilfiger brands said full-year profit will be cut because of new U.S. tariffs.
Kimberly-Clark (KMB) shares declined after the consumer products company sold a majority stake in its international tissue business to Brazil's Suzano.
Oil futures rose. Gold prices dropped. The yield on the 10-year Treasury note advanced. The U.S. dollar was up on the yen, but lost ground to the euro and pound. Most major cryptocurrencies traded lower.
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