5 Top Stock Gainers for Thursday: Coty, Lordstown Motors, Salesforce


Stocks finished lower Thursday after two apparent suicide bombings in Afghanistan and with investors hoping a Federal Reserve symposium sheds some light on the central bank's plans for tapering stimulus.

Here are some of the big movers in the stock market on Thursday:

1. Coty | Increase 15%

Coty  (COTY) – Get Report shares surged as the seller of Burberry and Gucci fragrances and lipstick and Cover Girl makeup missed Wall Street's fourth-quarter earnings expectations. The company beat revenue estimates due in part to surging sales in the U.S. and China.

2. Lordstown Motors | Increase 18%

Shares of Lordstown Motors  (RIDE) – Get Report soared the most in 10 months after the electric-car maker named former Icahn Enterprises boss Daniel Ninivaggi as its new CEO. Ninivaggi succeeds Steve Burns, who along with Chief Financial Officer Julio Rodriguez resigned in early July.

3. Salesforce | Increase 2.7%

Salesforce  (CRM) – Get Report shares rose after the customer relationship management software company reported stronger-than-expected results for the latest quarter. 

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Adjusted profit totaled $1.48 a share, ahead of the analyst forecast of 92 cents. Several analysts raised their price targets after Salesforce posted the results.

4. Williams-Sonoma | Increase 9.3%

Shares of Williams-Sonoma  (WSM) – Get Report surged to an all-time high after the home-furnishings company beat Wall Street's earnings forecasts and lifted its full-year sales outlook. 

The Pottery Barn and West Elm furniture store owner also boosted its dividend by 20% to 71 cents a share and authorized a $1.25 billion buyback program.

5. Snowflake | Increase 7.6%

Snowflake  (SNOW) – Get Report shares rose after the data-analytics software company reported mixed second-quarter results. 

The company reported a net loss of 64 cents per share on revenue of $272.2 million. Several analysts raised their price targets after the results were posted.

Salesforce is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells CRM? Learn more now.

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