The stock market ended in a bloodbath on Thursday, with all major indices finishing in the red, as investors turned cautious anew over President Donald Trump’s tariff imposition on goods from more countries.
The Dow Jones dropped by 0.45 percent, while the S&P declined 1.59 percent. Nasdaq, on the other hand, lost 2.78 percent.
On Thursday, Trump threatened to slap EU products with a 25-percent tariff, following his announcement on Wednesday of another month of delay for the imposition of taxes on goods from Mexico and Canada.
Meanwhile, ten companies defied broader market pessimism, posting strong gains during the day.
To come up with Thursday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A trader cheers his market gains. Photo by Tima Miroshnichenko on Pexels
10. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer grew its share prices for a second day on Thursday, adding 6.24 percent to close at $10.89 apiece as investors bought up following the company’s upgraded rating from an investment firm.
In a report, BTDR earned a “buy” rating from stock researchers of Roth Mkm, albeit the price target was lowered to $23.50 from $29 previously.
The rating followed the company’s fourth-quarter earnings results released on Tuesday, where net losses in the fourth quarter of the year widened by 10,538 percent to $531.9 million from $5 million in the same period a year earlier, while revenues declined by 40 percent to $69 million from $114.8 million year-on-year.
According to BTDR, the performance was due to its prioritized investments in proprietary ASIC technology, which temporarily limited its hashrate growth and impacted its financial performance.
9. Core Scientific Inc. (NASDAQ:CORZ)
Core Scientific grew its share prices by 6.89 percent on Thursday to finish at $10.71 apiece as investor sentiment was fueled by news that it would invest $1.2 billion to expand its data center portfolio to bolster its revenues.
According to CORZ, the data center, which would be built in Texas, is expected to rake in some $10 billion in revenues from artificial intelligence operations. It partnered with AI startup CoreWeave for the project.
During the fourth quarter of the year, CORZ posted a 36-percent increase in net loss at $265 million from $195.6 million in the same period a year earlier.
Meanwhile, it widened its net loss to $1.3 billion in full-year 2024 from $246 million in 2023.
8. ADT Inc. (NYSE:ADT)
ADT Inc. rose to an all-time high at intra-day trading on Thursday, touching the $8.33 price, or a 10.6-percent increase from its closing price on Wednesday, before losing slight momentum to close at $8.12 apiece.
The strong performance followed the company’s 2024 earnings results, where it registered an 8-percent increase in net income at $501 million versus $463 million in 2023. However, net income for the fourth quarter of the year declined by 67 percent to $190 million from $576 million in the same period a year earlier.
Revenues for the full year inched up by 5 percent to $4.898 billion from $4.653 billion, while revenues for the fourth quarter alone rose by 8 percent to $1.26 billion from $1.172 billion.
For this year, ADT is targeting revenues to settle between $5.025 billion and $5.225 billion, with adjusted earnings per share of 77 cents to 85 cents.
7. Urban Outfitters Inc. (NASDAQ:URBN)
Urban Outfitters saw its share prices rally by 8.18 percent on Thursday to finish at $57.25 apiece as investors cheered news of impressive earnings performance during the last quarter.
In a statement, URBN said net income for the fourth quarter ended January 31, 2025, expanded by 155 percent to $120 million from $47.7 million in the same period a year earlier, pushing its net income for the full year higher by 40 percent to $402.3 million from $287.7 million in 2023.
Net sales grew by 10 percent to $1.636 billion from $1.486 billion for the same comparable quarter, while net sales for the full year rose by 7.7 percent to $5.55 billion from $5.15 billion.
According to URBN CEO Richard Hayne, the company’s strong performance can be attributed to the success of all three business segments, namely retail, subscription, and wholesale.
“We believe these results demonstrate the effectiveness of our strategic initiatives and give us confidence in URBN’s continued success,” he added.
6. Veren Inc. (NYSE:VRN)
Veren Inc., formerly Crescent Point Energy, rose by 8.92 percent on Thursday to end at $5.25 each as investors cheered news of improved oil and gas production, shunning the company’s dismal earnings performance last year.
In its latest earnings release, VRN said oil and gas sales for the quarter improved by 9 percent to $1.034 billion from $946.7 million, pushing the full-year sales from the same segment by 22 percent to $4.271 billion from $3.499 billion in 2023.
Net income, on the other hand, dropped by 85 percent to $146.8 million from $951.2 million for the quarter, while net profit for the full year declined by 52 percent to $273.3 million from $570.3 million year-on-year.
For 2025, VRN said it kicked off the year strong, generating 191,000 barrels of oil equivalent per day in January alone.
“The Company remains on track to meet its previously released full year annual average production guidance of 188,000 to 196,000 boe/d (65% oil and liquids), based on its development capital expenditures budget of $1.48 billion to $1.58 billion. VRN’s capital program is weighted to the first half of 2025, while its production is weighted to the second half of the year due to the timing of its development program and planned facilities downtime in early 2025,” it said.
5. Nutanix Inc. (NASDAQ:NTNX)
Nutanix’s share prices jumped by 10.37 percent to finish at $76.54 apiece as investor sentiment was fueled by its impressive earnings performance during the last quarter.
In a statement, NTNX said net income for the second quarter ended January 31, 2025, spiked by 72 percent to $56.4 million from $32.8 million, while net income for the second half of the year expanded by 410 percent to $86.35 million from $16.94 million.
Revenues in the same comparable quarter improved by 15.8 percent to $654.7 million from $565.2 million, while revenues for the second half declined by 15.7 percent to $1.245 billion from $1.076 billion.
For the third quarter, NTNX said it expects revenues to settle between $620 million and $630 million, while revenues for the full year were pegged at a range of $2.495 billion to $2.515 billion.
4. Embraer SA (NYSE:ERJ)
Aircraft manufacturer Embraer extended its winning streak for a fourth day on Thursday, adding 10.75 percent to finish at $47.50 apiece as investors cheered its earnings performance last year.
In a statement, ERJ said revenues for the fourth quarter of 2024 totaled $2.3 billion, while revenues for the full year increased by 21 percent year-on-year to $6.4 billion, with 40 percent owed to its defense and security revenues.
In the fourth quarter, ERJ said it was able to deliver 75 jets, of which 31 were commercial jets and 44 were executive jets. In full year 2024, a total of 206 aircraft were delivered, of which 73 were commercial jets, 130 were executive jets, and three were for defense and security. The total deliveries were 13.8 percent higher than the 181 delivered aircraft a year earlier.
For this year, ERJ expects to deliver between 77 and 85 commercial aircraft, and between 145 and 155 executive aviation aircraft.
Total revenues were pegged at a range of $7 billion to $7.5 billion.
3. Lemonade Inc. (NYSE:LMND)
Lemonade rallied by 12.46 percent on Thursday to finish at $35.46 apiece as investor sentiment was fueled by improved earnings performance last year.
In its latest earnings release, the insurance firm said net loss in full-year 2024 narrowed by 14.6 percent to $202 million from $236.9 million in 2023 as revenues rose by 22 percent to $526.5 million from $429.8 million.
Net loss for the fourth quarter alone shrunk by 29 percent to $30 million from $42.4 million in the same period a year earlier, as revenues grew by 28.8 percent to $148.8 million from $115.5 million.
Looking ahead, LMND expects first quarter revenues to settle between $143 million and $145 million, while full-year revenues were pegged at $655 million to $657 million.
2. Medical Properties Trust Inc. (NYSE:MPW)
Medical Properties jumped by 16.98 percent on Thursday to end at $5.58 apiece as investors cheered improved earnings performance for the fourth quarter of 2024.
In a statement, MPW said net loss attributable to shareholders narrowed by 37.8 percent to $412.8 million from $663.9 million in the fourth quarter last year, but 2024 net loss remained higher by 333 percent on a full-year basis at $2.41 billion versus $556 million in 2023.
The company also swung to a $231.8 million revenue for the quarter versus the $122 million loss in the same period a year earlier. Revenues for the full year, however, grew 14 percent to $995 million from $871 million in 2023.
“We delivered on exactly what we said we would do in 2024 by using proceeds from transactions to accelerate repayment of debt maturities. Our global real estate portfolio remains attractive to sophisticated investors, as evidenced by our recent five-and-a-half times oversubscribed secured notes transaction,” said MPW Chairman, President, and CEO Edward Aldag Jr.
“We improved the operator diversification of our portfolio and effectively addressed all debt maturities through 2026, positioning [MPW] to pursue a range of shareholder value initiatives in 2025,” he added.
1. Marqeta Inc. (NASDAQ:MQ)
Marqeta Inc. surged by 21.08 percent on Thursday to close at $4.25 apiece as investor sentiment was bolstered by its planned acquisition of TransactPay, which is expected to strengthen its foothold in the UK and Europe.
Founded in 2012, TransactPay currently operates in 25 countries, supporting 16 currencies, and is a principal member of Mastercard and Visa.
“Marqeta’s business has seen tremendous growth in Europe, and we’re excited to bring the strength and talent of TransactPay within Marqeta as we build on TransactPay’s success to date and further accelerate our offerings for customers globally,” said Marqeta CEO for Europe and UK Marcin Glogowski.
Meanwhile, MQ announced the resignation of Saman Khalaf as the company’s CEO while incumbent chief finance officer, Mike Milotich, has been appointed as interim CEO effective immediately. Khalaf also resigned as a member of the board.
While we acknowledge the potential of MQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as MQ but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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