10 Stocks Jump on Impressive Earnings, Bullish Outlooks

5. MP Materials Corp. (NYSE:MP)

MP Materials rose for a fourth consecutive day on Tuesday, jumping by 10.08 percent to end at $24.47 apiece, as investors took heart from President Donald Trump’s imposition of tariffs on imports from the US largest trading partners—including oil, electricity, natural gas, coal, uranium, and critical minerals.

The taxes levied stand to benefit MP Materials—a Las Vegas-based rare earth materials producer—as this would push businesses to instead resort to American companies such as MP Materials for their rare earth mineral needs.

MP Materials produces rare earth materials, a group of 17 metals used to make magnets that turn power into motion for electric vehicles, cell phones, and other electronics. The company is currently one of the largest non-Chinese rare earth miners and processors globally.