Bumblebee - Shares of the online dating company rose nearly 42% on Wednesday. Fourth quarter revenue was just below Refinitiv's expectations. Still, BMO upgraded Bumble to outperform the market, saying in a note to customers Wednesday that the stock still has significant room to run.
JB Hunt Transportation Services -- Shares of the shipping company rose 2.8% on Wednesday after Goldman Sachs upgraded to buy JB Hunt Transport. The investment firm said the company is set to see massive gains from supply chain congestion easing.
Stitch Fix -- Shares of the clothing retailer fell 6% on Wednesday after Stitch Fix's fiscal third-quarter guidance came in as expected. The company said it expected revenue for the third quarter to be between $485 million and $500 million, while analysts surveyed by FactSet's Street account expected $558.6 million. The company also cut its full-year revenue guidance. Truist downgraded Stitch Fix after the report.
XPO Logistics -- XPO shares rose more than 13% after the company said it would focus solely on trucking and split its brokered transportation services unit into a separate company. It also said it would sell its European business and its North American intermodal operation.
Netflix - Shares rose 5% after Wedbush upgraded the streaming company from outperform to neutral rating. "While we do not expect significant share price appreciation in the near term, Netflix's first mover advantage and larger subscriber base give the company an almost insurmountable competitive advantage over its streaming peers," Wedbush said in a note.
General Electric -- Shares of General Electric rose 3.5% after news that the company's board of directors approved a $3 billion share repurchase program.
Carnival, Royal Caribbean, Norwegian Cruise Line - Shares of the cruise line rose on Wednesday as commodity prices eased, including a sharp drop in oil prices. The stocks are up more than 9%, 5% and 8% respectively.
Amazon -- The e-commerce stock rose more than 2% on Wednesday. Barclays maintained its overweight rating on the firm, saying the tech giant will see a revision in its forecast "likely this year" after leaning forward in higher-margin business units like AWS.
PayPal -- PayPal rose about 6% in Wednesday's trading. It was downgraded on Wednesday by Bank of America, which said in its note to customers that the stock is "difficult" to recommend until it proves its mettle on the operations side.
Caesars Entertainment - Shares of the casino company rose 10% on Wednesday after Jefferies included it on its top pick list and said it liked the management team's "track record of execution."
Boeing - Boeing rose nearly 3% on Wednesday after Langenberg & Co. began coverage of the aerospace firm with a buy rating. Analysts wrote that the move was "driven by expectations of accelerating commercial aerospace recovery and a return to the 75-80% standard of international travel by the end of 2022."
Starbucks - Shares of Starbucks rose about 4.3% on Wednesday after an announcement Tuesday that the coffee retailer would suspend operations in Russia.