Why These 10 Stocks Were Skyrocketing on Friday

Wall Street saw a strong trading session on Friday, with all major indices finishing firmly in the green ahead of President-elect Donald Trump’s return to office.

The Dow edged higher by 0.78 percent, while the S&P rallied 1 percent. Nasdaq, for its part, jumped 1.51 percent.

Ten companies—predominantly Bitcoin miners—were among the day’s standout performers, posting significant gains amid growing optimism in the broader cryptocurrency market, thanks to Trump’s commitment to supporting the sector.

Let’s take a closer look at the top-performing stocks from Friday’s session.

To come up with Friday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A trader cheers on gains. Photo by Tima Miroshnichenko on Pexels

10. ChampionX Corporation (NASDAQ:CHX)

ChampionX Corp., an oil and gas drilling services firm, saw its share prices rise by 7.07 percent on Friday to finish at $31.21 apiece following news that it secured the green light of the Committee on Foreign Investment in the United States for Schlumberger NV’s plan to fully acquire the company for $7.8 billion.

In a report on Friday, Schlumberger’s chief executive officer Olivier Le Peuch told investors that it was on track to close the deal within the first quarter of the year.

Schlumberger first announced its plan to acquire ChampionX in April this year. Three months later, it received a second request from the US Department of Justice about the transaction.

According to Schlumberger (SLB), its acquisition of ChampionX will strengthen its leadership position in oilfield services with world-class production chemicals and artificial lift technologies.

Schlumberger (SLB) expects to realize annual pretax synergies of approximately $400 million within the first three years post-closing through revenue growth and cost savings.

9. Oklo Inc. (NYSE:OKLO)

Shares of Oklo Inc. (OKLO) rose for a third day on Friday, rallying by 7.51 percent to end at $26.05 per share following announcements that it sealed a partnership with RPower for the development of a phased power model for data centers.

The said model will combine immediate energy deployment using RPower natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, thereby eliminating reliance on diesel generators and supporting scalable, sustainable operations.

In a statement on Thursday, Oklo said the collaboration “aims to ensure that data centers can access reliable energy today while building a clear and practical pathway to clean energy in the future.”

Oklo Inc. (OKLO) is a company engaged in advanced nuclear technology, while RPower is a provider of onsite prime and backup power solutions.