We recently compiled a list of the Why These 10 Large-Cap Stocks are Skyrocketing. In this article, we are going to take a look at where Rocket Lab USA, Inc. (NASDAQ:RKLB) stands against the other large-cap stocks.
On January 23, Mike Bailey, FBB Capital Partners director of research, appeared on CNBC where he shared his outlook on the large caps. Bailey was happy with how the macroeconomic conditions were looking for the United States, especially with the job growth, in 2025 and beyond.
He particularly remained confident that large caps were better positioned to report earnings growth than the small caps, especially when looking for long-term growth and expectations of exceeding goals.
Ten companies in diverse sectors such as the financials, healthcare, technology, and energy industries, locked in overall positive market gains due to supportive market conditions, macroeconomic environment, and growth potential. That said, let’s take a look at the 10 large-cap stocks that happen to be skyrocketing.
To come up with the 10 names, we only considered stocks with a market capitalization of more than $10 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the top 10 with the highest 30-day return from December 22, 2024, to January 22, 2025.
A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space.
Rocket Lab USA, Inc. (NASDAQ:RKLB)
30-day Return as of January 22, 2025: 15.8%
The stock surged by nearly 16% on January 22, going from $25.59 on December 22, 2024, to $29.62 within 30 days. Rocket Lab USA, Inc. (NASDAQ:RKLB) is an aerospace manufacturing company and launch service provider with a mission to provide crucial data and services to planet Earth.
On January 20, Citi raised its price target for RKLB to $35 from $22, keeping a buy rating on the stock. The analyst firm is expecting positive results from the sector in the fourth quarter of 2024, with solid growth expectations from 2025 as well. The analyst firm also expects defense contractors to remain balanced in 2025.
So far, the company has executed 58 launches and deployed 203 satellites. Some of its biggest customers include NASA, Canon, Darpa, Capella Space, the United States Space Force, and the National Reconnaissance Office. The company has several missions in its pipeline, allowing it to unveil groundbreaking discoveries in 2025 and beyond.
Overall RKLB ranks 8th on our list of the large-cap stocks that are skyrocketing. While we acknowledge the potential of RKLB as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RKLB but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
