Ten stocks stood firmer on Tuesday, four of which hit record highs, as investors took heart from a flurry of corporate developments, including upcoming earnings.
In contrast, Wall Street’s three major indices all finished in the red territory, led by the S&P 500 losing 0.63 percent, while the Dow Jones and the Nasdaq both declined by 0.59 percent.
In this article, we take a look at the 10 best-performing stocks and break down the reasons behind their gains.
To come up with the list, we focused on the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. MaxLinear Inc. (NASDAQ:MXL)
MaxLinear extended its winning streak to a 10th straight day on Tuesday, as investors took heart from a 48 percent price target upgrade for its stock, while loading portfolios ahead of its earnings outcome.
In intra-day trading, the stock surged to its record high of $37.37 before trimming gains to finish the session just up by 6.21 percent at $33.70 apiece.
In a market note, Stifel raised its price target to $34 from $23 while maintaining a “buy” recommendation amid optimism that MaxLinear Inc. (NASDAQ:MXL) is capable of hitting its revenue outlook for the first quarter of the year.
For the said period, the company is expecting to report a 35.5 percent to 46 percent growth in its revenues to a range of $130 million to $140 million, versus $95.9 million previously.
MaxLinear Inc. said that it would release its financial and operating highlights for the period after market close on Thursday, April 23. A conference call will be held to elaborate on the results.
For the second quarter, Stifel said that it expects MaxLinear Inc. to report $139.1 million in revenues, with growth to come from its infrastructure business.
In other news, the listed firm late last month announced a new addition to its industrial connectivity portfolio with the launch of the MxL8323x family of RS-485/RS-422 half-duplex transceivers, designed to deliver scalable data rates up to 50Mbps, robust ESD and EFT protection, and wide voltage compatibility for electrically harsh industrial applications.
9. UnitedHealth Group Inc. (NYSE:UNH)
UnitedHealth climbed by 6.96 percent on Tuesday to close at $346.01 apiece as investors cheered its plans to invest in artificial intelligence, while welcoming a higher growth outlook for full-year 2026.
In an updated report, UnitedHealth Group Inc. (NYSE:UNH) said that it is underway with a series of corporate strategies to modernize and simplify its operations, including making significant investments in AI and cybersecurity.
It would also continue to exit non-US businesses and put focus back at home, as well as buy back $2 billion worth of its common shares in a bid to boost company and shareholder value. The latter is targeted for completion by the end of the second quarter.
In other news, UnitedHealth Group Inc. raised its growth outlook for full-year 2026, with earnings per share (EPS) targeted to grow by 1.5 percent to more than $17.35 per share from $17.10 previously. Adjusted EPS is also raised by 2.8 percent to $18.25 from $17.75 prior.
Last quarter, UnitedHealth Group Inc. saw its net income attributable to shareholders end flat at $6.3 billion, as the company navigated rising medical costs.
Revenues, however, grew by 2 percent to $111.7 billion from $109.57 billion in the same period last year.
8. HP Inc. (NYSE:HPQ)
HP saw its share prices jump by 7.66 percent on Tuesday to finish at $21.09 apiece, as investors cheered the approval of corporate resolutions aimed at boosting company growth.
In a regulatory filing on the same day, HP Inc. (NYSE:HPQ) said that it officially secured the approval of its shareholders for a number of corporate resolutions, including the 2004 Stock Incentive Plan, which aims to compensate the executive management and employees upon the achievement of growth targets.
The Incentive Plan also covers the issuance of 73.6 million additional shares pursuant to share-based compensation awards granted under the plan.
Last week, HP Inc. saw its share price surge for three straight days after reports from a website that claimed Nvidia Corp. was eyeing to acquire one of the largest PC makers globally, which would “reshape the PC landscape.”
Investors were quick to position their portfolios in key players, including Dell Technologies.
Nvidia, on the other hand, denied the report, saying that it is not engaging in any talks for a potential acquisition.
“The media report is false; Nvidia is not engaged in discussions to acquire any PC maker,” a spokesperson told Bloomberg.
7. Aevex Corp. (NYSE:AVEX)
Aevex Corp. continued its climb in its third day as a publicly listed company, surging by 7.72 percent to close at $35.99 apiece, as investors took heart from an analyst’s “buy” recommendation amid rosy prospects from ongoing geopolitical tensions, as well as its current cheap valuation.
In the recent episode of Mad Money on CNBC, host and former hedge fund manager Jim Cramer issued a “buy” recommendation for Aevex Corp.’s (NYSE:AVEX) stock amid growth opportunities, with the ongoing war between the US and Iran highlighting the need for stronger defense capabilities.
Aevex Corp. specializes in the production of military-level drones.
According to Cramer, the company’s current $3 billion valuation appears “too low,” partly due to the eased tensions between the US and Iran at the same day it went public.
“Obviously, they’re on track to do much better than that, even if they can’t maintain their insane growth rate from the first quarter. And remember, Aevex is profitable,” he said.
“Aevex is right at the center of maybe the hottest single trend in the defense industry, which itself is booming at the moment. And given this company’s rough numbers, I think the stock’s too cheap here, which is why you have my blessing to buy it at these levels, even if the war’s reaching its conclusion,” Cramer said.
Last week, Aevex Corp. successfully raised $320 million in fresh funds from the sale of 16 million shares to the public, proceeds of which will be used for the acquisition of 16 million shares in Athena Technology Solutions Holdings, LLC—a leading provider of full-spectrum airborne intelligence solutions for the global intelligence community.
6. Patterson-UTI Energy Inc. (NASDAQ:PTEN)
Patterson-UTI grew its share prices by 8.09 percent on Tuesday to close at $10.56 apiece, as investors loaded portfolios ahead of the results of its earnings performance for the first quarter of the year.
In a notice on its website, Patterson-UTI Energy Inc. (NASDAQ:PTEN) said that it is scheduled to report its first quarter financial and operating highlights during market hours on Thursday, April 23. A conference call will be organized to elaborate on the results.
Optimism can be partly attributed to the US-Israeli war on Iran, which spiked up oil prices during the quarter, potentially creating a spillover to the drilling sector.
Additionally, investors are expected to watch for Patterson-UTI Energy Inc.’s outlook for the second quarter of the year, as oil prices remain elevated amid uncertainties over a peace deal.
Last week, two investment firms issued coverage for Patterson-UTI Energy Inc., with Citigroup maintaining an $11 price target alongside a “neutral” stance.
Morgan Stanley also raised its target to $10 from $7 previously, and kept an “equal weight” rating for the stock.
Patterson-UTI Energy Inc. is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other countries.
Last year, it narrowed its net loss by 90.4 percent to $93.05 million from $966.4 million in 2024. Revenues declined by 10.8 percent to $4.8 billion from $5.38 billion year-on-year.
5. Astera Labs Inc. (NASDAQ:ALAB)
Astera Labs extended its winning streak to a third consecutive day on Tuesday, jumping 9.20 percent to close at $191.97 apiece after RBC Capital raised its price target by double digits, ahead of the earnings outcome.
In a market note, RBC Capital upgraded its price target for Astera Labs Inc. (NASDAQ:ALAB) by 11 percent to $250 from $225 previously, while maintaining an “outperform” rating. The figure marked a 30 percent upside potential from its latest closing price.
The coverage reflected the investment firm’s optimism for Astera Labs Inc. to triple its revenues to $390 million from $130 million from the Scorpio switches alone, to be supported by expected sales from the Trainium-3 variant beginning in the third quarter of the year.
In other developments, Astera Labs Inc. is scheduled to release the results of its earnings performance for the first quarter of the year after market close on May 5, 2026. A conference call will be held to elaborate on the results.
For the period, Astera Labs Inc. is targeting to grow its revenues by 79 percent to 86 percent to a range of $286 million to $297 million, versus the $159.4 million in the same period a year earlier.
GAAP diluted earnings per share are projected to jump by 100 to 11 percent to a range of $0.36 to $0.38, versus $0.18 in the same comparable period. GAAP gross margin is pegged at 74 percent.
4. Amprius Technologies Inc. (NYSE:AMPX)
Amprius Technologies soared to a new all-time high on Tuesday, as investors positioned portfolios ahead of the results of its first-quarter earnings performance.
In intra-day trading, the stock surged to its highest price of $22.69 before trimming gains to end the session just up by 9.28 percent at $21.43 apiece.
In a notice on its website, Amprius Technologies Inc. (NYSE:AMPX) said that it is scheduled to report its financial and operating highlights before market open on May 7, 2026. A conference call will be held to elaborate on the results.
The rally can also be partly attributed to optimism for its business, thanks to a flurry of developments, including the booming demand for electric vehicles (EV), as well as from the aerospace and defense sectors, which all sparked rosy prospects for its battery business.
Since the start of the US-Israel’s war on Iran, online car marketplaces have reported as much as a 50 percent jump in demand for EVs as consumers looked for cheaper transportation alternatives amid the spike in global crude oil prices.
This, in turn, sparked buying appetite for lithium and battery stocks on expectations that the strong demand would create a spillover to their businesses.
In other news, Amprius Technologies Inc. recently secured a $21 million order for its SiCore cylindrical cells from a premier EV maker in China. The batteries will be installed in its range of light electric vehicles, including scooters, three-wheelers, and motorcycles.
Citing a study by Ratel Consulting, Amprius Technologies Inc. said that the battery market for light electric vehicles such as e-scooters, e-bikes, three-wheelers, and electric motorcycles, among others, is growing at a 15 percent compound annual growth rate and is projected to reach 26 GWh by 2030.
3. Pitney Bowes Inc. (NYSE:PBI)
Pitney Bowes climbed to an eight-year high on Tuesday, as investors took heart from its upbeat outlook for the year, despite a mixed preliminary earnings performance in the first quarter.
In intra-day trading, Pitney Bowes Inc. (NYSE:PBI) climbed to a record high of $14.87 before trimming gains to end the session just up by 10.92 percent at $14.63 apiece. Tuesday also marked a 7th straight day of gains.
In an updated report during the day, the company raised the lower end of its full-year revenue guidance range to $1.8 billion from $1.76 billion previously, while maintaining the upper end at $1.86 billion.
Adjusted EBIT outlook is also pegged at $425 million to $465 million from $410 million to $460 million previously.
Adjusted EPS is expected at $1.50 to $165, higher than the previous guidance of $1.40 to $1.60.
Meanwhile, Pitney Bowes Inc. announced preliminary results in the first quarter of the year, with the company expecting to report a decline of 3 percent to $477 million from $493 million in the same period a year earlier.
Adjusted EBIT was also at $130 million, marking an 8 percent improvement from the $120 million in the same comparable period.
Adjusted EPS was expected to grow by 42 percent to $0.47 from $0.33.
Official results are scheduled to be released before market open on May 6, 2026. A conference call will be held to elaborate on the results.
2. Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas Semiconductor climbed by 16.14 percent on Tuesday to finish at $15.33 apiece, as investors positioned portfolios ahead of the results of its earnings performance for the first quarter of the year.
According to the company, it is scheduled to release its financial and operating highlights after market close on May 5, 2026. A conference call will follow to elaborate on the results.
For the period, Navitas Semiconductor Corp. (NASDAQ:NVTS) is targeting revenues to hit $8 million to $8.5 million, a marked 39 to 43 percent decline from the $14 million registered in the same period last year.
In other news, Navitas Semiconductor Corp. welcomed the addition of Gregory Fischer to its board of directors effective April 13. He will serve on the company’s compensation and executive steering committees.
Prior to joining the company, Fischer previously served as senior vice president and general manager at Broadcom Inc., as well as in leadership roles at Conexant Systems Inc., Rockwell International Corporation, and Rockwell Collins Avionics Co. He is currently serving as an independent director for Semtech Corporation.
Navitas Semiconductor Corp. Board Chairman Richard Hendrix welcomed Fischer’s addition to the board, saying that his addition came at a pivotal time, with his talent and experience expected to support success in the highly competitive and fast-moving market.
1. Avis Budget Group Inc. (NASDAQ:CAR)
Avis Budget soared to a fresh all-time high on Tuesday—its fourth in a row—as short squeeze continued to hammer bearish traders.
In intra-day trading, the stock climbed to its highest price of $765.94 before paring gains to end the session just up by 17.28 percent at $713.97 apiece.
The surge came despite Barclays’ “sell” recommendation on its stock, saying that its current valuation is unjustifiable.
According to Barclays, the rally was a “supply-demand mismatch” with two holders accounting for 71 percent of outright ownership, and over 100 percent of economic interest given outstanding swaps.
“All of this leads to uncertainty about how long this will last and whether CAR stock can go higher,” Barclays said.
It is also worth noting that Avis Budget Group Inc. (NASDAQ:CAR) is a highly shorted company, with short interest currently nearing its total float.
Last year, Avis Budget Inc. narrowed its net loss by 51 percent to $889 million from $1.82 billion in 2024. Revenues decreased by 1.6 percent to $11.6 billion from $11.79 billion year-on-year.
In the fourth quarter alone, Avis Budget Group Inc. incurred an attributable net loss of $747 million, or 61.8 percent lower than the $1.958 billion year-on-year. Revenues dipped 1.7 percent to $2.66 billion from $2.7 billion year-on-year.
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