10 Stocks That Led Tuesday’s Charge

3. RLX Technology Inc. (NYSE:RLX)

RLX Technology snapped a two-day losing streak on Tuesday, adding 6.63 percent to close at $2.09 each as investors repositioned portfolios on continued optimism about the company’s business outlook, supported by its strong earnings performance last year.

On Friday, RLX said net income attributable to the company was up by 3.18 percent to RMB551.8 million from RMB534 million in 2023, while revenues increased by 73 percent to RMB2.748 billion from RMB1.586 billion year-on-year on the back of a strong international market presence.

The better full-year performance was achieved despite a 42.8-percent drop in net income attributable to the company in the fourth quarter of the year, which ended at RMB121.96 million versus RMB213.5 million in the same period a year earlier. Meanwhile, revenues for the quarter rose by 56 percent to RMB813.4 million from RMB520.5 million year-on-year.