5 Top Stock Gainers for Friday: Microsoft, Foot Locker, Petco, Spotify and Lordstown

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Stocks finished higher Friday, a bright ending to a tough week, as investors grappled with the spread of the highly contagious COVID-19 delta variant, the impact of the virus on growth and China's continued crackdown on its tech sector.

Here are some of the big movers in the stock market on Friday:

1. Microsoft | Increase 2.6%

Microsoft  (MSFT) – Get Report shares hit an all-time high on Friday, extending their year-to-date gain to around 40%, as the software giant continues to chase Apple  (AAPL) – Get Report as the world's most valuable tech company. 

Analysts at Mizuho, UBS and Wedbush on Friday boosted their price targets on the software giant to $350 a share.

2. Foot Locker | Increase 7.3%

Foot Locker  (FL) – Get Report shares surged after the sports apparel retailer posted much better-than-expected second-quarter earnings, adding to evidence of a brick-and-mortar retail revival. 

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Revenue rose 9.4% to $2.28 billion, beating analysts' estimates of $2.09 billion.

3. Petco | Increase 7.8%

Shares of Petco Health & Wellness  (WOOF) – Get Report climbed after the pet-accessories retailer reported fiscal-second-quarter results ahead of estimates and raised its guidance. 

Revenue reached $1.43 billion from $1.21 billion, up 19%.

4. Spotify | Increase 5.6%

Spotify  (SPOT) – Get Report shares advanced after the music and podcast streamer announced a $1 billion stock repurchase program. The authorization will expire on April 21, ! 2026, the company said.

5. Lordstown Motors | Increase 9.6%

Shares of Lordstown Motors  (RIDE) – Get Report rose after the electric vehicle maker demonstrated its Endurance pickup truck at the Northeast Chapter of the American Association of Airport Executives’ Annual Conference.

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