CPRI - Hot Stocks: EAT CPRI rise on earnings; BSX GILD decline; UAA upgrade

Quarterly reports remained the main driver of trading in Wednesday's midday action. Brinker International (NYSE:EAT) and Capri Holdings (NYSE:CPRI) both posted notable advances following the release of their earnings figures. However, Boston Scientific (NYSE:BSX) and Gilead (NASDAQ:GILD) both lost ground after the release of their quarterly updates, despite nominally strong results for the latest fiscal period. BSX slipped on weak guidance, while a drop in sales for a key COVID product raised skepticism in GILD. In other news, Under Armour (NYSE:UAA) received buying interest following an analyst's upgrade. Gainers Brinker International (EAT) soared nearly 11% after a strong earnings report. The owner of the Chili's and Maggiano's Little Italy restaurant chains said its Q4 non-GAAP EPS topped expectations by nearly 40%. Revenue also beat projections, with comparable store sales surging compared to last year's pandemic-impacted results. Earnings news also inspired a buying in Capri Holdings (CPRI). The luxury products maker

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Hot Stocks: EAT, CPRI rise on earnings; BSX, GILD decline; UAA upgrade