These 10 Stocks Led Rally on Wednesday

4. CVS Health Corp. (NYSE:CVS)

CVS Health surged by 14.95 percent on Wednesday to end at $63.22 apiece as investors cheered the company’s optimistic outlook for its performance this year.

In a statement, CVS President and CEO David Joyner said that the company “will be positioned for stronger performance in 2025” as it works on delivering better care for consumers while improving outcomes and reducing costs.

The bullish outlook came despite mixed earnings results in the fourth quarter and full year of 2024.

In the last three months of 2024, CVS said net income fell by 28 percent to $1.6 billion from the $2.047 billion registered in the same period last year, as well as by 45 percent to $4.59 billion in 2024 from $8.37 billion in 2023.

The lower net income came despite revenues growing by 4 percent in the last three months, at $97.7 billion from $93.8 billion year-on-year, as well as in 2024 at $372 billion from $357.8 billion.