Investing.com - Coty, Insperity and Avis Budget soared Monday even as the broader market struggled for gains.
Coty (NYSE:COTY) continued a big rally following its surge Friday, when the beauty products company reported above-forecast fiscal second-quarter earnings. Its shares rose nearly 4% to $9.70 Monday.
The company reported earnings of $0.24 a share on revenue of $2.51 billion, beating estimates compiled by Investing.com for $0.22 a share on revenue of $2.47 billion.
Human resources group Insperity (NYSE:NSP) reported better-than-expected fourth-quarter earnings and revenue, sending its shares 18% higher to $131.
The strong performance in the quarter was led by an 17% increase in the average number of worksite employees paid per month.
The company expects first-quarter earnings in a range of $1.85 to $1.91 a share and full-year earnings a share between $4.37 and $4.69.
Avis Budget (NASDAQ:CAR) rose 8.4% to $27.82 after Goldman Sachs turned bullish on the stock, citing an attractive valuation amid expectations that most of the headwinds facing the car rental company have been priced in.
Goldman Sachs upgraded its rating on Avis Budget to a buy from sell and raised its price target on the stock to $35 from $30.
The bank said pricing and volume in the car-rental industry remain firm despite a challenging backdrop.
The rating upgrade comes ahead of the company's fourth-quarter results, due Feb. 20.