Best Stocks to Buy – 5 Top Stock Gainers for Wednesday: Deutsche Bank, Yum China
Stocks were falling Wednesday as Wall Street awaited a policy update from the Federal Reserve, as well as President Joe Biden‘s first address, and earnings results from tech giants Apple (AAPL) – Get Report and Facebook (FB) – Get Report.
Here are some of the market’s biggest gainers for Wednesday:
1. Deutsche Bank | Increase 10%
Deutsche Bank (DB) – Get Report climbed after the financial-services company beat Wall Street’s first-quarter-earnings estimate. The company posted profit of about $1.2 billion on revenue equivalent to $8.7 billion, the best quarter in seven years.
2. Yum China Holdings | Increase 5.6%
Shares of Yuma China Holdings (YUMC) – Get Report rose after the fast-food-restaurant operator in China beat Wall Street’s first-quarter earnings expectations. Yum China was spun off from Yum Brands (YUM) – Get Report, which also reported better than expected results Wednesday.
3. Genpact | Increase 6.1%
Genpact (G) – Get Report advanced after S&P Dow Jones Indices said the information technology company would replace financial services company Genworth Financial (GNW) – Get Report n the S&P MidCap 400 before trading opens May 3. Genworth will replace Glu Mobile (GLUU) – Get Report in the S&P SmallCap 600.
4. Haverty Furniture | Increase 12%
Shares of Haverty Furniture (HVT) – Get Report surged after the residential furniture and accessories company beat Wall Street’s first-quarter-earnings expectations. Consolidated sales increased 32% to $236.5 million, while comparable-store sales increased 11.5%.
Will Facebook’s Earnings Report Reveal It Holds Bitcoin?
5. Hess Corp. | Increase 6.2%
Hess Corp. (HES) – Get Report climbed after the oil and gas producer beat Wall Street’s first-quarter-earnings estimates. The company reported net income of $252 million, or 82 cents a share, compared with a net loss of $2.4 billion, or $8 a share, a year earlier.
Apple and Facebook are holdings in Jim Cramer’s Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.