KR - Hot Stocks: KR EXPR soar on results; LE DG decline; BA gets Chinese approval
Earnings continued to provide a crucial catalyst for midday trading Thursday, with Kroger (NYSE:KR) and Express (NYSE:EXPR) posting double-digit percentage gains following the release of their quarterly results. Meanwhile, Lands' End (NASDAQ:LE) and Dollar General (NYSE:DG) retreated after they announced their respective earnings reports. In other news, Boeing (NYSE:BA) got a boost from word that Chinese regulators have given an OK to resumed use of the company's troubled 737 MAX aircraft. Gainers Kroger (KR) rallied nearly 12% in midday trading thanks to better-than-expected quarterly results. The grocery chain exceeded expectations with its Q3 financial figures, helped by a doubling of its digital sales compared to their pre-pandemic benchmark of 2019. Fashion retailer Express (EXPR) also surged 12% in intraday action in the wake of its financial figures. The company had a mixed report, missing on revenues despite 47% growth from last year. However, the firm demolished expectations on its bottom line,
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Hot Stocks: KR, EXPR soar on results; LE, DG decline; BA gets Chinese approval