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Alibaba Group Holding Ltd (NYSE: BABA) shares
gained 3.3 percent to reach a new 52-week high of $94.75. Raymond James upgraded Alibaba from Outperform to Strong Buy, while
Macquarie upgraded the stock from Neutral to Outperform.
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Planet Fitness Inc (NYSE: PLNT) shares reached a
new 52-week high of $21.76 as the company posted upbeat earnings for its second quarter on Thursday. The company raised FY 2016
revenue guidance to $366 million to $372 million, from $360 million to $370 million.
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Acacia Communications, Inc. (NASDAQ: ACIA) shares
surged 30 percent to touch a new 52-week high of $88.00. Acacia Communications reported quarterly non-GAAP earnings of $0.77
per share on revenue of $116.2 million. The company expects Q3 non-GAAP earnings of $0.64 to $0.76 per share, on revenue of
$120 million to $128 million.
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NVIDIA Corporation (NASDAQ: NVDA) shares touched
a new 52-week high of $63.08 as the company reported stronger-than-expected Q2 results after market close on Thursday. NVIDIA
saw Q3 revenues at $1.68 billion plus or minus 2 percent vs. estimates of $1.45. Additionally, management forecasted Q3
non-GAAP gross margins to be 58.0 percent.
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