Become a logicalchat Member

Latest Post

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeStocks in FocusToday's Top Performers: VSCO, BIG, and more Shake Up Markets Today.

Today’s Top Performers: VSCO, BIG, and more Shake Up Markets Today.

Today’s Top Performers

Stock futures were mostly steady Thursday morning after Federal Reserve Chair Jerome Powell predicted the central bank will decrease rates later this year.

Top stock gainers

The Honest Company (NASDAQ:HNST) shares rose 25% after announcing a Q4 profit and 10% sales gain that surpassed expectations. The business predicts low-to-mid single-digit sales growth in 2024, with the first half being weaker than the second. Positive adjusted EBITDA is expected to be low- to mid-single-digit million. CFO Loretta said, “Our 2024 outlook emphasizes profitable growth and showcases the confidence we have in the long-term strategy and financial future of Honest.”

Top stock losses


Victoria’s Secret (NYSE:VSCO) shares fell 31% after the firm warned of probable quarterly losses due to intimates category issues. The company blamed a hard economic climate for a four-quarter Y/Y loss in the North American intimates market, despite conservative planning and an open-to-buy policy. Victoria’s Secret expects 2024 sales to drop by low single digits to $6B, missing expected $6.18B, and Q1 adjusted earnings to range from a loss of $0.15 to a profit of $0.10 per share, compared to $0.28 in 1Q23, with analysts expecting $0.31. Total Q1 sales are likely to drop by mid-single digits, and adjusted gross margin is predicted to be 36.5% to 37.5%, flat to up 100 basis points from 1Q23.

Apollo Global Management’s secondary public offering (SPO) dropped ADT’s share price by 12%. This sale might generate $371M for Apollo by selling 55M ADT shares at $6.50–$6.75. APO shares fell 3% after this.


Big Lots’ (NYSE:BIG) share fell 40% before its Q4 results report amid analysts’ loss predictions. The consensus EPS prediction is -$0.26, up 7.1% Y/Y. Revenue projections are $1.43B, down 7.1% Y/Y. While analysts haven’t raised their predictions in three months, BIG has outperformed EPS and sales projections 50% and 38% of the time, respectively, in the last two years.

Must read book about investing – check here 

Today’s Top Performers Today’s Top Performers

Today’s Top Performers Today’s Top Performers

Related Post