Today marks the third straight day of gains for the Dow Jones Industrial Average, which is nearing the 18,000 level again.
By the closing bell, the Dow Jones gained 1.3%, the S&P 500 Index put on 1.3%, the Nasdaq Composite finished 1.3% higher and the Russell 2000 ended the day with a 1.8% gain.
So, there was a slew of green on the Street today, but three companies managed to have a better day than everyone else, which is why Care.com Inc (NYSE:CRCM), Hershey Co (NYSE:HSY) and Mobileye NV (NYSE:MBLY) are three of Thursday’s best stocks.
Care.com Inc (CRCM)
CRCM stock boomed Thursday with a gain of 38% on news that Alphabet Inc’s (NASDAQ:GOOG, NASDAQ:GOOGL) Google Capital invested in Care.com after the bell Wednesday. Google’s investments positions the company as Care.com’s largest shareholder.
Care.com is the first public company that Google Capital has invested in, after which it typically pairs with one of Alphabet’s numerous advisers. A portion of the investment was used by Care.com to buy back 3.7 million shares from Matrix Partners at $8.25 per share. CRCM stock is currently hanging around at the $11.50 mark.
Care.com expects a 2% dilution of its shares.
Hershey Co (HSY)
Hershey’s stock took off 21.3% today after Mondelez International Inc (NASDAQ:MDLZ) took a run at the chocolate staples stock with a $23 billion takeover bid, but HSY unanimously rejected the bid.
If the merger would have gone through, that would make the combined company the world’s biggest candy company. As of now, MDLZ remains the world’s second-largest candy maker.
MDLZ stock was up nearly 6%
Mobileye NV (MBLY)
Shares of MBLY rose 10% on headlines reporting an alliance with Intel Corporation (NASDAQ:INTC) and BMW to build autonomous cars.
This marks the latest move of a traditional automaker toward thwarting investments into the self-driving car space by the likes of Google, Apple Inc. (NASDAQ:AAPL) and Tesla Motors Inc (NASDAQ:TSLA), among other Silicon Valley firms.
The alliance would combine the world’s largest chipmaker, Intel, with the world’s top supplier of automobile camera sensors, Mobileye, and the world’s best-selling luxury carmaker, BMW.
All three of the companies will hold a joint conference Friday.
As of this writing, John Kilhefner did not hold a position in any of the aforementioned securities.
