10 Stocks Jump on Impressive Earnings, Bullish Outlooks

The stock market ended firmer on Tuesday, with all of Wall Street’s main indices finishing in the green territory amid news that President Donald Trump temporarily delayed the imposition of tariffs against Canada and Mexico.

The Dow Jones inched up by 0.30 percent, while the S&P 500 and Nasdaq both jumped 0.72 percent and 1.35 percent, respectively.

On Tuesday, 10 companies under mixed sectors mirrored the broader market rally, fueled by impressive earnings results and optimistic business outlooks, among others. This article details the reasons behind the top gainers’ impressive performance.

To come up with Tuesday’s top gainers, we only considered those with $2 billion in market capitalization and $5 million in daily trading volume.

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

10. Cleveland-Cliffs Inc. (NYSE:CLF)

Shares of Cleveland-Cliffs rallied by 7.96 percent to close at $10.52 apiece on Tuesday as investors bought up shares in the company following plans to raise as much as $750 million from the offer of senior guaranteed notes until 2031.

In a statement on Monday, Cleveland-Cliffs said that proceeds from the offer will be used for general corporate purposes, including the repayment of borrowings under its asset-based credit facility. The offering is also exempt from any registration requirement of the Securities Act.

Meanwhile, investors will be waiting on the sidelines for the release of Cleveland-Cliffs’ 2024 earnings performance.

Based on its preliminary results, the Ohio-based steelmaker expects revenues in the fourth quarter of 2024 to drop by 15 percent to $4.3 billion from the $5.11 billion registered in the same period a year earlier, and by 12.7 percent in full-year 2024 to $19.2 billion from the $22 billion in 2023.

9. XPeng Inc. (NYSE:XPEV)

Chinese electric vehicle manufacturer XPeng Inc. saw its share prices rise by 8.29 percent on Tuesday to finish at $16.99 apiece as investors took heart from news that it achieved another record-breaking month in terms of vehicle deliveries.

In a statement released recently, XPeng said it achieved 30,350 Smart EV deliveries for the month of January alone. The figure represented a 268 percent increase from the same period last year.

January also marked the company’s third consecutive month of surpassing the 30,000-unit deliveries.

XPeng is undergoing an aggressive expansion program, with a plan to enter 60 new markets globally.

Last week, the company officially set foot on the European market with its entry into Ireland and Finland.

According to the company, it partnered with MDL Motors in Ireland and Inchcape in Finland to bring its smart EVs into the said countries.