US equities are generally higher in Thursday morning trading, off some weakness after the bell.
Oil, gold and Bitcoin (BTC) are all up.
Five of today’s trending stocks include:
Williams-Sonoma, Inc. (NYSE: WSM)
Retailer Williams-Sonoma, Inc. (NYSE: WSM) is up in early trading after reporting Q4 earnings. As the company appears to have successfully battled capacity and supply chain limitations along with labor shortages it beat analyst expectations on EPS and sales.
The company also raised its dividend by 10% and announced a $1.5bn share buyback.
Net revenues surpassed $2.5bn with another quarter of double-digit comparable brand revenue growth at 10.8%. These strong top line results were across both channels, including retail at a 20% comp and e-commerce at a 7.2% comp on top of last year’s 47.9% for a 55.1% two-year stack.
Over the past year, Williams-Sonoma, Inc. (WSM) has traded between $127.85 and $223.32. Today it trades at $167.70 in pre-market trading.
Eiger Biopharmaceuticals Inc (NASDAQ: EIGR)
Eiger Biopharmaceuticals Inc (NASDAQ: EIGR) shares are trending up 22% in early trading after the company released promising results.
Eiger says its experimental COVID-19 therapy cut hospitalization risk by 50% in mostly vaccinated adults. As COVID-19 cases continue to rise in Europe the race is on to produce a viable solution.
Eiger’s phase 3 trial was the second-largest study to test a COVID-19 therapeutic. 84% of patients in the trial had received at least one dose of any COVID-19 vaccine. Results were promising with a single subcutaneous injection of Lambda reducing the risk of hospitalizations or emergency room visits longer than six hours by 50% and death by 60%.
Over the past month, Eiger Biopharmaceuticals stock is up by more than 32% while the S&P 500 is down -0.92% over the same period of time.
Warby Parker Inc (NYSE: WRBY)
Affordable vision wear company Warby Parker Inc (NYSE: WRBY) shares are falling after its Q4 and full-year 2021 results disappoint. Nevertheless, it beat analyst estimates on EPS by 87% but missed on sales by -0.3%.
FactSet analysts have a consensus share price target of $57.88 and an Overweight rating on WRBY stock.
Co-Founder and Co-CEO Neil Blumenthal said:
"Despite the ongoing impacts of the pandemic, our 2021 performance reflects the strength of our brand, our unique value proposition, and the resilience of our highly engaged team as we continue to deliver long-term sustainable growth."
AeroVironment, Inc (NASDAQ: AVAV)
American defense contractor AeroVironment, Inc (NASDAQ: AVAV) is up 13% this morning as Biden steps up military aid to Ukraine. The package may include AeroVironment Switchblade drones designed to take out light-armored vehicles.
Switchblades are tube-launched, electric-powered drones that carry munitions and electro-optical cameras, which help operators strike targets.
Shares of AeroVironment, Inc. (AVAV) rose by 12% yesterday and continue the positive momentum which has seen the stock rise by 45.46% YTD.
Over the past year, AeroVironment, Inc. (AVAV) has traded between $52.03 and $128.98.
Today AVAV stock sits at $91.87.
Smart for Life Inc (NASDAQ: SMFL)
Smart for Life Inc (NASDAQ: SMFL) is a leading developer, marketer, and manufacturer of nutritional and related products. Its disappointing arrival via IPO on the NASDAQ last month saw shares plummet 76% in its first day of trading.
Investors are discussing Smart for Life Inc (SMFL) on Thursday, after the company’s stock climbed by 18% in the early session. This is on the back of news today that it is launching various Smart for Life products under the Doctors Scientific Organica brand on Amazon Singapore, expanding the Company’s international presence into Southeast Asia.