10 Stocks Bolstered by Broader Market Cheer

2. VF Corporation (NYSE:VFC)

VF Corporation jumped by 27.52 percent on Wednesday to end at $12.42 apiece as buying appetite was buoyed by overall market optimism.

VFC designs, manufactures, and markets branded apparel such as The North Face, Timberland, Vans, Dickies, Jansport, and Kipling. It currently owns various facilities globally, including China, Mexico, and Canada, all of which have been slapped with higher taxes by President Donald Trump.

On Wednesday, Trump decided to pause for 90 days the imposition of higher tariffs on 75 countries that reached out to renegotiate, fueling hopes for companies with international presence, including VFC.

In recent news, VFC said that it would continue to install new concept stores for its Kipling brand this year, which has been adapted for travel-retail gondolas.

“With Kipling, we are continuously expanding our international presence, with a steadily growing business in the Americas,” said VFC Director Thomas Falcy.

“Our presence in South American airports has been expanding significantly, and we will continue to fuel and strengthen this growth. We are also looking to enhance our presence in North American airports, as we see a major development opportunity there, driven by Kipling’s domestic success and international appeal,” he added.