The S&P 500 and the Nasdaq closed at records onTuesday after the Food and Drug Administration gave full approval for Pfizer (PFE) – Get Report and BioNTech's (BNTX) – Get Report COVID-19 vaccine and traders awaited the Jackson Hole symposium later in the week for hints to Federal Reserve policy.
Here of some of the top stock gainers for Tuesday:
1. Best Buy | Increase 8.3%
Best Buy (BBY) – Get Report shares jumped after the consumer-electronics retailer posted stronger-than-expected second-quarter earnings and lifted its full-year sales forecast. Revenue rose 20% to $11.85 billion, ahead of analysts' forecasts of an $11.46 billion tally. Major U.S. retailers continue to show impressive same-store traffic growth.
2. Palo Alto Networks | Increase 19%
Shares of Palo Alto Networks (PANW) – Get Report surged to a record after the cybersecurity company topped Wall Street forecasts with its fourth-quarter earnings while boosting its 2022 profit outlook amid a wave of damaging attacks on U.S. companies over the past year.
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CrowdStrike (CRWD) – Get Report shares climbed after Nasdaq said that before the market opens on Thursday it would add the cybersecurity company to the Nasdaq 100 index. CrowdStrike is replacing integrated-circuit maker Maxim Integrated Products (MXIM) – Get Report.
4. Triple-S Management | Increase 46%
Shares of Triple-S Management (GTS) – Get Report jumped after GuideWell Mutual Holding definitively agreed to buy the health-care-services company for roughly $900 million. Under the terms, GuideWell will pay $36 cash for each share of Triple-S Management.
5. Peloton Interactive | Increase 6.7%
Peloton Interactive (PTON) – Get Report shares jumped after the connected-fitness company said that a new version of its treadmill will be available in the U.S., Canada and the U.K. at the end of the month following a recall earlier this year. Peloton is scheduled to report fiscal-fourth-quarter earnings on Thursday.