$Petco Health and Wellness (WOOF.US)$shares added 3.5% after the pet retailer reported a revenue beat for the fourth quarter. The company's adjusted earnings per share was 2 cents on revenues of $1.67 billion, aligning with analysts' expectations.
$Carnival (CCL.US)$and$Royal Caribbean (RCL.US)$saw their shares increase by 1.7% and 1.8%, respectively, following Goldman Sachs initiating coverage of the two cruise line operators with buy ratings.
$Texas Roadhouse (TXRH.US)$shares gained 1.5% after Baird upgraded the restaurant chain to outperform, highlighting its robust traffic.
$Eli Lilly and Co (LLY.US)$'s shares increased by nearly 1% as the company announced a partnership with Amazon Pharmacy to facilitate the delivery of certain prescription drugs, including the weight loss treatment Zepbound.
Gapping down
$Dollar Tree (DLTR.US)$shares dropped 7% after the discount retailer reported disappointing quarterly results and announced the closure of nearly 1,000 stores. The company posted an adjusted profit of $2.55 per share, which was not clearly comparable to an expected $2.66 per share according to StreetAccount.
$Dollar General (DG.US)$shares slid 2% in response to competitor Dollar Tree's earnings release. Dollar General is anticipated to release its own earnings report shortly.
$Tesla (TSLA.US)$shares fell 2% after Wells Fargo downgraded the electric vehicle maker, citing concerns over potential risks to sales volume amid diminishing impacts of price cuts.
$Amazon (AMZN.US)$'s shares were slightly lower despite news of the partnership with Eli Lilly to deliver certain prescription drugs through Amazon Pharmacy.
Source: CNBC; Investing.com
US Top Rating Updates on 03/13
Source: Dow Jones
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