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 portfolio manager studying various stocks and other securities on a tablet.
Why These 10 Large-Cap Stocks are Skyrocketing
10. SoFi Technologies, Inc. (NASDAQ:SOFI)
30-day Return as of January 22, 2025: 12.5%
SoFi Technologies, Inc. (NASDAQ:SOFI) is an emerging fintech company that was founded in 2011 and has now grown to provide technology solutions to other financial institutions and individuals. SOFI returned slightly over 12.5% in the past 30 days, going from $15.63 to $17.59 on January 22, 2024.
The stock surged following the news of a huge personal loan deal. On January 16, SoFi Technologies, Inc. (NASDAQ:SOFI) announced a $525 million personal loan securitization agreement with PGIM Fixed Income which closed in the fourth quarter of 2024, leading to a surge in the stock’s share price.
As of today, the company has over 10 million members and has paid a whopping $73 billion in funded loans. Revenue in the third quarter of 2024 grew by 30% which was primarily driven by the 64% increase in the financial services and tech platform segments, making up 49% of the total revenue.
9. United Airlines Holdings, Inc. (NASDAQ:UAL)
30-day Return as of January 22, 2025: 12.9%
On January 22, UAL registered a 13% increase in its share price, reaching $111.92 apiece, up from $99.48 on December 22, 2024. Through its subsidiaries, United Airlines Holdings, Inc. (NASDAQ:UAL) runs airlines that transport people and cargo.
In the fourth quarter of 2024, the company reported record profit, with pre-tax earnings reaching $4.2 billion. In addition to that, UAL increased its capacity by 6.2% in Q4 2024 compared to the fourth quarter of 2023, and revenue by 7.8%. In an impressive feat, United Airlines Holdings, Inc. (NASDAQ:UAL) generated $9.4 billion in operating cash flow and $3.4 billion in free cash flow during the same period.
On January 22, David Vernon, an analyst at Bernstein, maintained a buy rating on the stock and set a price target of $115. Vernon gave a buy rating on the stock due to UAL’s earnings beat in the fourth quarter of 2024, with revenue surpassing expectations due to international operations and premium services. In addition to that, Vernon is also pleased with the company’s optimistic 2025 guidance.
8. 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.
7. MicroStrategy Incorporated (NASDAQ:MSTR)
30-day Return as of January 22, 2025: 17.1%
MicroStrategy Incorporated (NASDAQ:MSTR) is a bitcoin treasury company that also provides business intelligence, mobile software, and cloud-based software services to businesses. MSTR grew by 17% over the past 30 days, with a share price of $389.1, up from $332.23 on December 2, 2024.
On January 21, the company purchased another $1.1 billion worth of bitcoin, bringing its total to 461,000 bitcoin. In an impressive feat, this is the 11th consecutive week of MSTR making a Bitcoin purchase. Analysts are also bullish on the stock and their median price target implies an upside of 46%.
The company’s bold moves in hoarding bitcoin, such that the stock has gained 2,500% since its bitcoin buying spree kicked off in 2022, are expected to continue in 2025, positioning it for remarkable growth ahead. In addition to that, only a day ago, the new administration chose pro-crypto Mark Uyeda as acting SEC Chair, who just launched a crypto task force to discover new crypto policies.
6. Ubiquiti Inc. (NYSE:UI)
30-day Return as of January 22, 2025: 21.2%
Ubiquiti Inc. (NYSE:UI) is a technology company that is headquartered in San Jose, California. It develops networking technology for service providers, enterprises, and consumers. The stock surged by nearly 21% on January 22, going from $344.9 on December 22, 2024, to $417.95 within 30 days.
On January 15, Hamed Khorsand, an analyst at BWS Financial, maintained a buy rating on the stock and raised his price to $440. The analyst is positive on the stock because of the improvements the company made to its supply chain and product availability. Khorsand also expects the stock to maintain a gross margin of more than 40% and raised the price target based on its fiscal 2026 estimates and solid performance at the end of 2024.
In the fiscal first quarter of 2024, Ubiquiti Inc. (NYSE:UI) generated revenue worth $550.3 million, up from $463.1 million in the fiscal fourth quarter of 2024. Of this, its enterprise technology segment logged $470.2 million in revenue, emphasizing its position in the segment.
5. GE Vernova Inc. (NYSE:GEV)
30-day Return as of January 22, 2025: 23.4%
GE Vernova Inc. (NYSE:GEV) is an electric services company with nearly 55,000 wind turbines and 7,000 gas turbines that help generate almost 25% of the world’s electricity. By 2030, the company plans to become carbon-neutral in its facilities and operations.
The company’s position and scale of operations can support the energy transition, especially through its recent technological advancements. While GEV missed earning expectations for the fourth quarter of 2025, the company maintained its 2025 outlook and eyes considerable growth in the coming year.
In the fourth quarter of 2024, GE Vernova Inc. (NYSE:GEV) generated record orders of $13.2 billion, up by 22% organically, led by its power and electrification equipment segments. The company also closed the year with more than $8 billion in cash, reaffirming its 2025 guidance. During the last quarter, the company also funded $0.3 billion in research and development to accelerate the development of energy transition technologies.
4. Celestica Inc. (NYSE:CLS)
30-day Return as of January 22, 2025: 25.9%
On January 22, CLS registered a 26% increase in its share price, reaching $122.8 apiece, up from $97.52 on December 22, 2024.
Celestica Inc. (NYSE:CLS) is an electronics company that is an emerging leader in reliability design, manufacturing solutions, and supply chain solutions. On January 8, RBC Capital raised its price target for CLS from $75 to $115, keeping an outperform rating on the shares. According to the analyst firm, CLS is positioned for a solid year of growth as per the company’s estimates and growing valuation.
In the third quarter of 2024, the company increased its revenue by 22% and raised its full-year revenue guidance from $9.45 billion to $9.6 billion. For the year 2025, Celestica Inc. (NYSE:CLS) expects revenue to reach $10.4 billion, registering incremental growth in its financial performance.
3. Antero Resources Corporation (NYSE:AR)
30-day Return as of January 22, 2025: 28.5%
AR is an independent natural gas and liquids company and is one of the largest suppliers of natural gas and LPG from the United States to the global export market. Antero Resources Corporation (NYSE:AR) rose to $41.51 on January 22, a 28.5% jump from its share price on December 22, 2024.
On January 22, analyst firm Morgan Stanley raised AR’s price target to $49 from $42, keeping an overweight rating on the stock. The firm noted that its EBITDA estimates for the exploration and production group in North America are moving higher in 2025, by approximately nearly 11%. The shared optimism for the sector is fueling AR’s share price.
Similarly, on January 13, Kalei Akamine, analyst at BofA raised his price target for AR from $36 to $46, keeping a buy rating on the shares. The analyst suggested that non-OPEC supply growth is expected to outweigh the global oil demand, pushing prices down. Despite the supply-demand challenges, Akamine expects companies like AR to perform well due to AI-related demand, boosting valuations.
2. Robinhood Markets, Inc. (NASDAQ:HOOD)
30-day Return as of January 22, 2025: 33.3%
Robinhood Markets, Inc. (NASDAQ:HOOD) reached $50 on January 22, registering a 33% jump from its share price of $37.5 on December 22, 2024. HOOD is a commission-free stock trading and investing app that facilitates the trade of stocks, cryptocurrency, and ETFs.
The stock has huge potential to expand especially in the cryptocurrency area. This explains why Michael Cyprus, an analyst at Morgan Stanley, suggested that HOOD was a top pick on January 17, sending the stock higher. Cyprus remains bullish on the stock, raising his price target on HOOD from $55 to $64, maintaining an overweight rating on the stock.
Analysts celebrate shared optimism about the stock’s performance in the future as the new administration is expected to ease regulations, especially after the new administration’s acting SEC Chair just launched a task force to develop regulatory policies for cryptocurrencies.
1. Intra-Cellular Therapies, Inc. (NASDAQ:ITCI)
30-day Return as of January 22, 2025: 51.7%
Intra-Cellular Therapies, Inc. (NASDAQ:ITCI) is a biopharmaceutical company that provides innovative treatments that improve the living conditions of individuals with neurological disorders. The stock surged by nearly 52% on January 22, going from $84 on December 22, 2024, to $127.41 within 30 days.
The biotech company saw a surge in its stock price after JNJ, the pharmaceutical giant, signed an agreement to acquire the stock for $14.6 billion, paying $132 per share on January 13, 2025. ITCI’s neurological lineup is expected to boost JNJ’s position in that department significantly.
In addition to that, ITCI was also favored among analysts due to its accelerated performance in drug development and approval. On January 12, BofA raised ITCI’s price target to $118 from $100 and kept a buy rating on the stock after the company announced its positive Caplyta patent settlement with Sandoz.
While we acknowledge the potential of ITCI to grow, 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 ITCI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
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