VLTA - Hot Stocks: MRK high; TSLA LCID lead EVs higher; LC pops; PRLB BCOV fall on earnings
Earnings news inspired most of the market's standout performances on Thursday. That included drug-making giant Merck (NYSE:MRK), which rode enthusiasm for its latest results and the company's pending COVID pill to a new 52-week high. LendingClub (NYSE:LC) also benefitted from its quarterly results, expanding its value by a third in response to Street-beating earnings and a raised forecast. Shares have more than quadrupled during 2021. Of course, not every company had good news to report in its latest financial update. For example, Brightcove (NASDAQ:BCOV) plunged on disheartening guidance and the upcoming retirement of its CEO. Proto Labs (NYSE:PRLB) also retreated on earnings news, plunging to a new 52-week low after inflationary pressures cut into its bottom line. Turning away from quarterly results, electric-vehicle stocks showed plenty of juice on Thursday. The sector rallied, led by a massive upswing in Lucid Motors (NASDAQ:LCID). The sector also drew strength from the $1T
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Hot Stocks: MRK high; TSLA, LCID lead EVs higher; LC pops; PRLB, BCOV fall on earnings