Markets have been fighting to stay in the green over the last few days given concerns about interest rates and the broader market. This has made for very few Rippers as stocks have remained suppressed:
⏰ Today’s biggest Ripper is American watchmaker Movado. The company radically exceeded the Q4 earnings, delivering nearly double the expected earnings per share than was estimated. This came even as revenue dipped for the company. The surprise caused $MOV to rise 18.6% today.
🍽 Darden Restaurants, owner of Olive Garden, LongHorn Steakhouse, and a handful of other full-service dining restaurants, was the strongest performer in the S&P 500 today. $DRI rose 8.2% today after announcing a strong earnings beat and higher forecast revenue for next quarter.
🎮 Bally’s Corporation was featured on our Rippers list several months ago after announcing their partnership with Sinclair Broadcast Group, which bought 21 FOX Sports regional channels. Today, $BALY is ripping once again on the news that they were selected as a finalist to develop a casino resort in Virginia. This is a big deal for the company, which already owns 12 resorts and racetracks and is looking for a thirteenth. $BALY is up 8%.