5 Top Stock Gainers for Thursday: Gap, DoorDash, American Express, Ford


U.S. stocks slumped lower Thursday as investors reacted to a surprisingly solid reading of August retail sales and an unexpected increase in weekly jobless claims. 

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

1. American Express AXP | Up 0.9%

Shares of American Express  (AXP) – Get American Express Company Report traded higher after Bank of America upgraded the credit-card company to neutral from underperform in light of a more attractive valuation.

Analyst Mihir Bhatia lifted his price target to $169 from $150.

“Following recent underperformance in AXP shares, we … view [the] risk-reward as balanced with few negative catalysts on the horizon,” Bhatia wrote in a commentary.

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Shares of Ford  (F) – Get Ford Motor Company Report traded higher Thursday after the Dearborn, Mich., automaker said it would double the production capacity target for its F-150 Lightning electric pickup truck to 80,000 a year due to strong demand.

3. DoorDash DASH | Up 5.7%

Shares of DoorDash  (DASH) – Get DoorDash Report rose Thursday after analysts at Bank of America upgraded the food-delivery stock to buy. The firm’s call is based on upside to 2021 estimates as well as a “robust” five-year growth opportunity.

4. Gap GPS | Up 3.2%

Shares of Gap  (GPS) – Get Gap, Inc. (GPS) Report traded higher Thursday. The Commerce Department said August retail sales rose 0.7% from the previous month to a collective $618.7 billion. That was well ahead of the Wall Street consensus forecast of a 0.8% decline, and 15% higher from the Covid-hit period last year.

The retailer added to its selection of fall fashion essentials earlier this month. Last month, Gap also raised its full-year guidance, largely on the strength of its Old Navy and Athleta brands.

5. Tuesday Morning TUES | Up 28%

Tuesday Morning  (TUES) – Get Tuesday Morning Corporation Report shares jumped after the Dallas home-goods retailer named Paul Metcalf chief merchant. Metcalf is the former executive vice president and chief merchandising officer at Burlington Stores.  (BURL) – Get Burlington Stores, Inc. Report

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