div > div.group > p:first-child"> General Electric — GE rose 2.8 percent in trading after CEO Larry Culp expressed optimism about the company's struggling power business bouncing back in 2020 and 2021. While the company's 2019 outlook was worse than analysts expected, Culp's first forecast gave shareholders hope that GE's fortunes have begun turning around.
Snap — Shares of social media company Snap rallied more than 10 percent Thursday after one longtime skeptic upgraded the stock and told clients that it's set for outperformance thanks to better advertising sales. BTIG analyst Richard Greenfield now recommends investors buy the beat-up equity and thinks that the media sharing platform could see its shares soar 50 percent over the next 12 months.
Tailored Brands — Shares of Tailored Brands fell 24 percent after the company reported mixed fourth-quarter earnings. The retail company's same-store sales were down in the fourth-quarter, a trend which continued into the first-quarter of 2019. The company reported losses of 28 cents per share and revenues of $786 million. The company also reported a weak guidance for the first-quarter of 2019.
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