10 Firms Lead Rally on Impressive Q1 Earnings, Optimistic Outlooks

1. Carrier Global Corporation (NYSE:CARR)

Carrier Global rose for a fourth straight day on Thursday, adding 11.61 percent to end at $69.80 apiece as investors cheered its strong earnings performance in the first quarter of the year.

In a statement, Carrier Global Corporation (NYSE:CARR) said that net income attributable to shareholders surged by 53 percent to $412 million from $269 million reported in the same period last year, despite net sales dipping by 3.7 percent to $5.218 billion from $5.420 billion year-on-year.

Additionally, Carrier Global Corporation (NYSE:CARR) raised its full-year guidance amid an expected strong demand for its heating, ventilating, and air conditioning (HVAC) products and aftermarket repair services.

According to the company, it now expects full-year sales to settle at $23 billion, as compared with the range of $22.5 billion to $23 billion previously.

Adjusted earnings per share were also pegged at $3 to $3.10, or an expected growth range of 17 to 21 percent, as compared with the $2.95 to $3.05 or 15 to 20 percent growth targeted earlier.

While we acknowledge the potential of CARR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CARR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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