Why These 10 Firms Recorded Double-Digit Gains Last Week

Ten companies finished the past trading week on a high note, outperforming the three major indices with double-digit gains amid a flurry of catalysts, including upcoming earnings releases, that sparked buying appetite.

Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked in a 4.59-percent gain, while the Dow Jones was up by 2.48 percent.

In this article, we have listed last week’s top 10 performing stocks and detailed the reasons behind their gains. The stocks were chosen based on the highest percentage increase in closing prices on April 25 as against their prices on April 17, or the week prior.

To come up with the list, we considered only the companies with a $2-billion market capitalization and a $5-million trading volume.

A man in black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels

10. Tesla Inc. (NASDAQ:TSLA)

Shares of Tesla Inc. jumped by 18.05 percent week-on-week, finishing Friday’s trading at $284.95 versus the $241.37 close on April 17 as investors snapped up shares following Elon Musk’s announcement that he would devote more time to the company beginning next month.

This came after TSLA saw net income attributable to shareholders nosedive by 71 percent during the first three months of the year to only $409 million from $1.39 billion in the same period a year earlier, as revenues dropped by 9 percent to $19.3 billion from $21.3 billion year-on-year.

Speaking to shareholders during the company’s earnings release, Musk said that he will be “allocating far more of … time to Tesla” beginning May.

Additionally, investors cheered the Department of Transportation’s relaxation of rules on self-driving vehicles through a new framework that aims to cut red tape and move toward a single national standard for self-driving vehicles.

The new rules spelled good news for Tesla Inc. (NASDAQ:TSLA), which has set its sights on the development of robotaxis.

9. Vertiv Holdings Co. (NYSE:VRT)

Vertiv Holdings grew its share prices by 18.77 percent week-on-week to close at $86.95 on Friday versus the $73.21 finish on April 17, as investor sentiment was boosted by its strong earnings performance in the first quarter of the year.

In its latest earnings release, Vertiv Holdings Co. (NYSE:VRT) said it swung to a net income of $164.5 million from a $5.9 million net loss in the same period a year earlier, as net sales increased by 24 percent to $2.036 billion from $1.639 billion year-on-year.

Further contributing to the positive sentiment was the company’s bullish outlook, with a target of growing double digits for the second quarter and full year 2025.

According to the company, it expects net sales for the second quarter to increase between 19 and 23 percent to $2.325 billion to $2.375 billion. It also targets net sales for the whole year to jump organically by 16.5 to 19.5 percent to a range of $9.3 billion to $9.57 billion.