The Hot Stock: W.W. Grainger Gains 18.5%

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Source: Blogs Barrons Stocks To Watch

W.W. Grainger  (GWW) soared to the top of the S&P 500 on Wednesday, thanks to its better-than-expected fourth-quarter earnings and guidance.

Grainger gained $42.42, or 18.5%, to $271.97. The S&P 500 lost 1.59 points, or 0.06%, to 2837.54.

Grainger said it earned $2.94 a share on revenue that rose 6.5% year over year to $2.63 billion. Analysts were looking for earnings of $2.19 on revenue of $2.57 billion. For the full year, it expects earnings between $12.95 and $14.15, on revenue of $10.74 billion to $11.15 billion. Analysts were looking for earnings of $11.41 billion on revenue of $10.88 billion.

Grainger has gained more than 15% since the start of the year, and is up 10.6% in the past 12 months.

Source: Blogs Barrons Stocks To Watch