The buyers were in control today as the markets had their biggest 3-day gain since August of last year. The Nasdaq 100 saw the biggest gains (2.21%) thanks to names like Priceline. The S&P 500 and Dow 30 also had great days gaining 31 points (1.65%) and 257 points (1.59%) respectively.Shares of travel booking site Priceline (NASDAQ: PCLN) gained 11.24% today as growth in hotel and car reservations helped offset the stronger U.S. dollar. The popular booking site beat Wall Street expectations on both the top and bottom lines, posting adjusted earnings per share of $11.80 on revenue of $2 billion. Technical traders will note the severe extension in the short term.
Kinder Morgan (NYSE: KMI) popped 9.99% today after Warren Buffett's Berkshire Hathaway disclosed a new investment in the pipeline operator. Kinder Morgan's stock is down nearly 66% over the past 120 months, as plummeting oil prices have weighed on the company's performance. Technical traders will note the gap above resistance today.
Shares of Garmin (NASDAQ: GMRN) saw a nice 16.55% gain today after reporting better-than-expected earnings. Quarterly revenue was a major focus as strong demand for navigational devices used in aircraft and fitness trackers was highlighted. Revenue from the company's fitness business, which accounts for about 30% of total revenue, rose 13.6% in the fourth quarter. The company also guided higher on full-year revenue estimates. Today's pop puts GRMN at its highest price since July of last year.
Lastly, crude oil closed up 5.5% today at $30.65 per barrel which helped to support the broad market as well as the energy sector. Shares of popular Oil Services ETF (NYSE: OIH) saw an impressive 4.23% gain but were unable to close above technical resistance.