Victoria's Secret owner L Brands Inc (NYSE:LB) saw shares rise 1.31% to US$39.56 after the bell last night ahead of results today.
The firm will report second-quarter earnings after the bell, and is one of the best stocks to own after a spike in the volatility index, according to Schaeffer's.
L Brands has a solid track record lately after earnings releases. Back in May, the shares gained 2.7% following its earnings release
The manufacturing and research group reported better-than-expected top- and bottom-line profits.
That said, the firm reported a 2% decline in net sales to US$873mln (£678m) in the three months to June 30 compared to the same period a year ago.
American pharma behemoth Bristol-Myers Squibb Co (NYSE:BMY) fell over 2% to US$56.70 after the group posted mixed results from a recent study for a new kidney cancer drug.
While a study of the drugs Opdivo and Yervoy showed that renal cell carcinoma patients responded better to the combination versus those taking the drug sunitinib, survival rates without progression of the disease did not reach statistical significance.