Netflix was climbing again in midday trading, on a course for a double-digit percentage gain for the week, while cannabis companies enjoyed another strong day.
Netflix (NASDAQ:NFLX) stock rose about 3.5% at 11:45 AM ET (15:45 GMT), helped by an analyst upgrade.
Shares of the streaming and content company have been rising this week, rebounding from sharp losses that began when the company reported a surprise shortfall in subscribers. The selling pushed shares more than $100 off their all-time highs.
The stock was up about 10% for the week midday.
Cannabis stocks were also surging. Canopy Growth (NYSE:CGC) jumped about 8%, putting the finishing touches on a very strong week.
Constellation Brands (NYSE:STZ), which owns Corona beer, said it would invest a further $4 billion in Canopy, Canada’s top cannabis producer. That lit a fire under other cannabis stocks.
Cronos Group (NASDAQ:CRON) was up about 15%, Aurora Cannabis (OTC:ACBFF) rose about 6% and Tilray (NASDAQ:TLRY) gained about 10%.
Among struggling stocks, Foot Locker (NYSE:FL) shares plunged about 13%.
The athleticwear retailer beat earnings and sales expectations, but same-stores sales were below forecasts. And investors really bailed on the stock after the conference call, which was notable for caution on Europe.
