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RH Beats Revenue Expectations as Cannabis Stocks Surge on Trump Marijuana Policy Reports

MarketDash Editorial Team
1 day ago
Despite Friday's market downturn, several stocks posted impressive gains including RH's 5.8% jump on strong sales and cannabis stocks soaring up to 35% on reports that President Trump plans to ease federal marijuana regulations.

It was a rough day for the broader market on Friday, with the Nasdaq Composite tumbling more than 400 points. But not every stock was feeling the pain. A handful of companies managed to buck the trend with some truly impressive moves higher.

RH Leads With Revenue Beat

The luxury home furnishings retailer RH (RH) posted a solid 5.8% gain to $162.14 after delivering better-than-expected third-quarter sales results. The company reported revenue of $883.81 million, just edging past the Street estimate of $883.69 million. It wasn't all roses though—earnings came in at $1.71 per share, missing the analyst consensus of $2.16 by about 21%, according to data from Benzinga Pro. Still, investors seemed more interested in the revenue beat, pushing shares sharply higher during Friday's session.

Cannabis Stocks Light Up on Trump Policy News

The real action on Friday was in cannabis stocks, which exploded higher on reports that President Donald Trump plans to relax federal marijuana regulations. Canopy Growth Corp (CGC) led the charge with a stunning 35.4% surge to $1.53, driven by news that Trump intends to ease federal marijuana restrictions.

Tilray Brands Inc (TLRY) wasn't far behind, soaring 28.4% to $10.82 following reports suggesting the President is expected to reclassify marijuana as a Schedule III drug—a significant shift that would reduce regulatory burdens on the cannabis industry. SNDL Inc (SNDL) also benefited from the same news, gaining 21.2% to $2.14.

Village Farms International Inc (VFF) joined the cannabis party with a 14.8% surge to $3.98, rounding out a strong day for marijuana-related equities.

Tech and Specialty Stocks Make Their Moves

TryHard Holdings Ltd (THH) posted the day's most dramatic gain, jumping 57.2% to $15.47, though no specific catalyst was immediately apparent for the move.

Frequency Electronics Inc (FEIM) gained 27.2% to $45.84 after reporting second-quarter sales results that came in ahead of analyst expectations.

Electric vehicle makers had a good Friday. Rivian Automotive Inc (RIVN) gained 14.9% to $18.88 after announcing it was entering the autonomous driving race with its new AI chip, targeting Level 4 autonomy. The move signals Rivian's ambitions to compete in the increasingly crowded self-driving space. Adding fuel to the rally, Needham raised its price target on the stock from $14 to $23.

Polestar Automotive Holding Uk Plc (PSNY) also gained ground in the EV space, climbing 15.6% to $13.88.

Consumer and Financial Services Stocks Rally

Clear Secure Inc (YOU) gained 11.3% to $40.36 after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $35 to $42. The airport security service provider appears to be winning over analysts with its growth trajectory.

Lululemon Athletica Inc (LULU) posted a solid 10.1% gain to $205.80 after delivering a comprehensive package of positive news. The athletic apparel company beat third-quarter estimates, raised full-year guidance, announced a CEO succession plan, and authorized an increase to its share buyback program. Jefferies responded by upgrading the stock to Hold.

Shake Shack Inc (SHAK) gained 6.8% to $84.63, continuing its recent momentum.

Healthcare and Technology Gainers

Celcuity Inc (CELC) gained 6.6% to $107.51 after Wells Fargo initiated coverage on the biotech company with an Overweight rating and announced a price target of $126.

CCC Intelligent Solutions Holdings Inc (CCC) rounded out the gainers with a 6.3% climb to $7.68 after announcing a $500 million share repurchase authorization and a $300 million accelerated share repurchase program. The move signals management's confidence in the company's valuation and future prospects.

Despite the broader market's struggles on Friday, these stocks demonstrated that company-specific catalysts and sector-specific news can still drive impressive gains even when the overall market sentiment is negative.

Back to News

RH Beats Revenue Expectations as Cannabis Stocks Surge on Trump Marijuana Policy Reports

MarketDash Editorial Team
1 day ago
Despite Friday's market downturn, several stocks posted impressive gains including RH's 5.8% jump on strong sales and cannabis stocks soaring up to 35% on reports that President Trump plans to ease federal marijuana regulations.

It was a rough day for the broader market on Friday, with the Nasdaq Composite tumbling more than 400 points. But not every stock was feeling the pain. A handful of companies managed to buck the trend with some truly impressive moves higher.

RH Leads With Revenue Beat

The luxury home furnishings retailer RH (RH) posted a solid 5.8% gain to $162.14 after delivering better-than-expected third-quarter sales results. The company reported revenue of $883.81 million, just edging past the Street estimate of $883.69 million. It wasn't all roses though—earnings came in at $1.71 per share, missing the analyst consensus of $2.16 by about 21%, according to data from Benzinga Pro. Still, investors seemed more interested in the revenue beat, pushing shares sharply higher during Friday's session.

Cannabis Stocks Light Up on Trump Policy News

The real action on Friday was in cannabis stocks, which exploded higher on reports that President Donald Trump plans to relax federal marijuana regulations. Canopy Growth Corp (CGC) led the charge with a stunning 35.4% surge to $1.53, driven by news that Trump intends to ease federal marijuana restrictions.

Tilray Brands Inc (TLRY) wasn't far behind, soaring 28.4% to $10.82 following reports suggesting the President is expected to reclassify marijuana as a Schedule III drug—a significant shift that would reduce regulatory burdens on the cannabis industry. SNDL Inc (SNDL) also benefited from the same news, gaining 21.2% to $2.14.

Village Farms International Inc (VFF) joined the cannabis party with a 14.8% surge to $3.98, rounding out a strong day for marijuana-related equities.

Tech and Specialty Stocks Make Their Moves

TryHard Holdings Ltd (THH) posted the day's most dramatic gain, jumping 57.2% to $15.47, though no specific catalyst was immediately apparent for the move.

Frequency Electronics Inc (FEIM) gained 27.2% to $45.84 after reporting second-quarter sales results that came in ahead of analyst expectations.

Electric vehicle makers had a good Friday. Rivian Automotive Inc (RIVN) gained 14.9% to $18.88 after announcing it was entering the autonomous driving race with its new AI chip, targeting Level 4 autonomy. The move signals Rivian's ambitions to compete in the increasingly crowded self-driving space. Adding fuel to the rally, Needham raised its price target on the stock from $14 to $23.

Polestar Automotive Holding Uk Plc (PSNY) also gained ground in the EV space, climbing 15.6% to $13.88.

Consumer and Financial Services Stocks Rally

Clear Secure Inc (YOU) gained 11.3% to $40.36 after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $35 to $42. The airport security service provider appears to be winning over analysts with its growth trajectory.

Lululemon Athletica Inc (LULU) posted a solid 10.1% gain to $205.80 after delivering a comprehensive package of positive news. The athletic apparel company beat third-quarter estimates, raised full-year guidance, announced a CEO succession plan, and authorized an increase to its share buyback program. Jefferies responded by upgrading the stock to Hold.

Shake Shack Inc (SHAK) gained 6.8% to $84.63, continuing its recent momentum.

Healthcare and Technology Gainers

Celcuity Inc (CELC) gained 6.6% to $107.51 after Wells Fargo initiated coverage on the biotech company with an Overweight rating and announced a price target of $126.

CCC Intelligent Solutions Holdings Inc (CCC) rounded out the gainers with a 6.3% climb to $7.68 after announcing a $500 million share repurchase authorization and a $300 million accelerated share repurchase program. The move signals management's confidence in the company's valuation and future prospects.

Despite the broader market's struggles on Friday, these stocks demonstrated that company-specific catalysts and sector-specific news can still drive impressive gains even when the overall market sentiment is negative.