Ten companies took off on Thursday, defying a lackluster performance on Wall Street, as investor sentiment continued to be bolstered by more strong earnings and a higher growth outlook, among other developments. Notably, five out of the 10 stocks soared to a new all-time high.
Meanwhile, only the Nasdaq finished the session in the green, up 0.35 percent. The Dow Jones and the S&P 500 were down by 0.51 percent and 0.08 percent, respectively.
In this list, let us explore the 10 companies boasting a strong performance alongside the reasons behind their gains.
To compile the list, we focused on stocks with $2 billion in market capitalization and at least 5 million shares in trading volume.
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10. Coeur Mining Inc. (NYSE:CDE)
Shares of Coeur Mining rallied to a new record high on Thursday, extending a winning streak for a fourth consecutive day, after crushing the second quarter of the year with an impressive earnings performance.
During the session, Coeur Mining Inc. (NYSE:CDE) touched its highest 52-week price of $11.31 before slight selling shed gains to end the day just up by 14.05 percent at $11.28.
In an updated report, Coeur Mining Inc. (NYSE:CDE) saw its net income expand by 4,950 percent to $70.7 million from only $1.4 million in the same period last year. Consolidated revenues more than doubled to $480.7 million from $222 million in the same period last year, thanks to the 110 percent jump in gold sales and 132 percent from silver sales.
“Coeur’s record second quarter reflects strong contributions from all five of our North American gold and silver operations, including the first full quarter from the recently acquired Las Chispas mine,” said Coeur Mining Inc. (NYSE:CDE) Chairman, President and CEO Mitchell J. Krebs.
“Looking ahead to the second half of the year, we expect even higher gold and silver production levels consistent with our reaffirmed 2025 production and cost guidance. We remain uniquely positioned to leverage higher gold and silver prices, which are expected to lead to over $800 million of full-year 2025 adjusted EBITDA and over $400 million of full-year 2025 free cash flow,” he added.
9. Remitly Global, Inc. (NASDAQ:RELY)
Remitly extended its winning streak to a fifth consecutive session on Thursday, jumping 15.06 percent to close at $18.95 apiece after posting an impressive income performance in the second quarter of the year.
In its earnings statement, Remitly Global, Inc. (NASDAQ:RELY) said it swung to a net income of $6.5 million from a $12 million net loss in the same period last year. Revenues grew 34 percent to $411.8 million from $306 million in the same period last year.
Following the strong results, Remitly Global, Inc. (NASDAQ:RELY) raised its growth outlook for the rest of the year, with revenues now targeted at $1.61 billion to $1.62 billion, versus the $1.54 billion to $1.587 billion expected previously. The updated figures would mark a year-on-year growth of 27 to 28 percent versus the 25 to 26 percent prior.
Adjusted EBITDA was also expected at $225 million to $230 million, an improvement from the $195 million to $210 million targeted previously.
For the third quarter alone, Remitly Global, Inc. (NASDAQ:RELY) was targeting to grow its revenues by 22 to 23 percent to $411 million to $413 million; and adjusted EBITDA at $53 million to $55 million.
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