Ten stocks soared higher on Tuesday, mimicking an overall market rally, as investors continued to load up portfolios on renewed confidence for a Fed rate cut, while digesting more earnings results.
On Wall Street, the Dow Jones led gains, up 1.43 percent, followed by the S&P 500, up 0.91 percent, and the Nasdaq at 0.67 percent.
In this article, we focus on the performance of the 10 top-performing stocks and break down the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and more than 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Zoom Communications Inc. (NASDAQ:ZM)
Zoom Communications bounced back to hit a new record high following its strong earnings performance in the third quarter alongside a higher growth outlook for the full fiscal year.
At intra-day trading, Zoom Communications Inc. (NASDAQ:ZM) soared to a new 52-week high of $91.04 before paring gains to finish the session just up by 9.85 percent at $86.34 apiece.
In an updated report, the company said it was able to grow its net income by 196 percent to $612.87 million from only $207.05 million in the same period last year.
Revenues also increased by 4.2 percent to $1.23 billion from $1.18 billion year-on-year, thanks to higher revenues from enterprise and online segments, up by 6.1 percent and 2 percent year-on-year.
“Zoom is continuing to build on our vision of an AI‑first platform that helps people connect and collaborate more seamlessly,” said Zoom Communications Inc. (NASDAQ:ZM) CEO Eric Yuan. “Our disciplined approach is fueling top-line growth, stellar profitability, and lower dilution helping us turn AI innovation into real, lasting value for customers and shareholders.”
For the full fiscal year of 2026, Zoom Communications Inc. (NASDAQ:ZM) expects revenues to end at a range of $4.852 billion and $4.857 billion, as well as non-GAAP diluted EPS of $5.95 and $5.97.
For the fourth quarter alone, it targets to rake in between $1.23 billion and $1.235 billion in revenues and non-GAAP diluted EPS of $1.48 and $1.49.
9. TeraWulf Inc. (NASDAQ:WULF)
TeraWulf rallied for a second day on Tuesday, jumping 10.37 percent to close at $13.94 apiece as investors placed bets on the company’s stronger capital structure following the mandatory conversion of its convertible preferred stocks into common shares.
In a statement, TeraWulf Inc. (NASDAQ:WULF) said that it has exercised its right to convert all outstanding Series A convertible preferred shares into common stock with a par value of $0.001 apiece.
Under the terms, the conversion can only be exercised once the company exceeds 130 percent of the $10 conversion price, or $13, on at least five trading days from November 4 to 24, 2025.
TeraWulf Inc. (NASDAQ:WULF) said each share of convertible preferred shares will automatically convert to 141.9483 shares on December 9, 2025.
“Today’s announcement represents a key milestone on our journey to simplify TeraWulf’s capital structure going forward, supporting future growth while providing transparency to investors,” said TeraWulf Inc. (NASDAQ:WULF) Chief Finance Officer Patrick Fleury.
“The mandatory conversion of the Preferred Stock reinforces our financial discipline and enables a focus on growth going forward,” he noted.
8. Hesai Group (NASDAQ:HSAI)
Hesai extended its rally to a third straight day on Tuesday, jumping 10.98 percent to close at $20.22 apiece, as investors took heart from an investment firm’s bullish initial coverage for its stock.
In a market note, China International Capital Corp. (CICC) issued an “outperform” rating for Hesai Group (NASDAQ:HSAI), with price targets of HK$182.5 and $23.5, amid its position as the only profitable and one of the leading lidar companies with self-built automated production capacity and extensive customer resources.
The rating also reflected CICC’s confidence that Hesai Group (NASDAQ:HSAI) would be able to achieve 3 million shipments of automotive lidar to China by 2025, and ramp it up to 10 million units by 2028, with a compound annual growth rate of 58 percent.
CICC said that growth would be supported by the robotics sector, with lawn mowers and logistics robots now becoming a new growth engine, while the overseas market is poised to accelerate.
In other recent developments, Hesai Group (NASDAQ:HSAI) swung to a net income of 256.2 million yuan in the third quarter of the year from a 70.4 million yuan net loss in the same period last year. Revenues jumped by 47.5 percent to 795.4 million yuan from 539.4 million yuan year-on-year.
The nine-month period also saw the company hitting its full-year net income target a quarter earlier, having recorded 282.71 million yuan, a reversal from the 249 million yuan net loss year-on-year.
7. Inspire Medical Systems, Inc. (NYSE:INSP)
Inspire Medical soared to a new three-month high on Tuesday, as investors took path from an investment firm’s bullish coverage and higher price target for the stock.
At intra-day trading, the stock surged to a three-month high of $138.74 before trimming gains to finish the session just up by 11.17 percent at $130.39 apiece.
In a market note, Wolfe Research issued an “outperform” rating for Inspire Medical Systems, Inc. (NYSE:INSP), an upgrade from “peer perform” previously, alongside a price target of $180. The fair value assessment showed a 38 percent upside potential from its latest closing price.
According to Wolfe, the revision reflected updates to the 2026 final outpatient payment for Medicare, which moved CPT code 64568—the vagus nerve stimulation code, which now applies to Inspire Medical Systems, Inc.’s (NYSE:INSP) technology—to the new APC 1580 payment category. Such a change would ramp up Medicare payments to hospitals for Inspire Medical procedures to $45,000 from $30,000 previously.
In other recent news, Inspire Medical Systems, Inc. (NYSE:INSP) announced a net income of $9.9 million for the third quarter of the year, or a 46 percent decline from the $18.5 million in the same period last year.
Revenues, however, were higher by 10.5 percent to $224.5 million from $203.19 million year-on-year, thanks to a 9 percent growth in revenues from its US operations, at $214.4 million.
For the full-year 2025, the company maintained its revenue guidance of $900 million to $910 million, or an implied growth of 12 to 13 percent year-on-year.
6. Reddit Inc. (NYSE:RDDT)
Reddit extended its rally to a third consecutive day on Tuesday, jumping 12.04 percent to close at $218.48 apiece as investors resorted to bargain-hunting following last week’s disposition of shares by none other than its key executives.
In separate regulatory filings last week, Reddit Inc. (NYSE:RDDT) said its president and CEO, Steve Huffman; Chief Finance Officer Andrew Vollero; Chief Accounting Officer Michelle Marie Reynolds; Chief Legal Officer Benjamin Seong Lee; Chief Operating Officer Jennifer Wong; and Chief Technology Officer Christopher Brian Slowe, all disposed significant shares in the company.
Huffman alone sold $7.56 million worth of shares, while Vollero disposed of $3.69 million.
Reynolds booked $1.17 million, Lee sold $3 million, Wong disposed of $19 million, and Slowe booked $7.4 million.
In other recent news, Reddit Inc. (NYSE:RDDT) saw its net income expand by 443 percent to $163 million from $30 million in the same period last year. Revenues jumped by 68 percent to $585 million from $348 million year-on-year, on the back of a 74 percent jump in advertising revenues at $549 million, and other revenues, which increased by 7 percent to $36 million.
Looking ahead, Reddit Inc. (NYSE:RDDT) is targeting revenues for the fourth quarter at a range of $655 million and $665 million.
5. ZIM Integrated Shipping Services Ltd (NYSE:ZIM)
ZIM Integrated extended its winning streak to a third straight day on Tuesday, jumping 13.63 percent to end at $19.51 apiece as investors took early positions ahead of a potential sale.
This followed announcements from the company on the same day that it was exploring strategic options to provide greater value to its shareholders, including the review of a potential sale after receiving multiple offers from other companies, as well as capital allocation and return opportunities.
“In connection with this review, the ZIM Board of Directors has received indications of interest from multiple parties, including strategic interest, which it is evaluating carefully,” ZIM Integrated Shipping Services Ltd (NYSE:ZIM) said.
It noted, however, that any transaction could not be guaranteed and that it would not provide any relevant updates until an agreement is reached or the review is completed.
ZIM Integrated Shipping Services Ltd (NYSE:ZIM) said it engaged Evercore as its financial advisor, as well as Meitar Law Offices and Skadden, Arps, Slate, Meagher & Flom LLP as its legal counsel.
It also recently added two new independent directors—Yair Avidan and Dr. Yoram Turbowicz—to support with the review.
4. Amentum Holdings, Inc. (NYSE:AMTM)
Amentum Holdings soared to a new all-time high on Tuesday, as investors cheered the results of its earnings performance in the fourth quarter of fiscal year 2025.
At intra-day trading, the stock jumped to its highest price of $31.87 before trimming gains to finish the session just up by 18.25 percent at $30 apiece.
In an updated report, Amentum Holdings, Inc. (NYSE:AMTM) said it swung to a net income of $66 million in the full fiscal year of 2025, reversing an $82 million net loss last year.
Revenues jumped by 72 percent to $14.39 billion from $8.39 billion year-on-year, as a result of revenues from the combination with Jacobs’ Critical Mission Solutions and Cyber & Intelligence (CMS) businesses.
In the fourth quarter alone, Amentum Holdings, Inc. (NYSE:AMTM) grew its net income by 54 percent to $40 million from $26 million year-on-year, while revenues surged by 77 percent to $3.9 billion from $2.2 billion.
“Amentum’s strong fourth quarter results cap off what has been a remarkable first year as a public company. Financial performance exceeded our expectations, demonstrating the resilience of our business and its alignment with enduring global trends and the mission-critical priorities of our customers,” said Amentum Holdings, Inc. (NYSE:AMTM) Chief Executive Officer John Heller.
For the fiscal year 2026, Amentum Holdings, Inc. (NYSE:AMTM) expects revenues between $13.95 billion and $14.3 billion, or an implied growth of 3 percent year-on-year.
Adjusted EBITDA is also targeted to grow by 5 percent to a range of $1.1 billion to $1.14 billion, while adjusted EPS is projected at $2.25 to $2.45, or an implied growth of 12 percent.
3. Abercrombie & Fitch Co. (NYSE:ANF)
Abercrombie bounced back by 37.54 percent on Tuesday to finish at $90.24 apiece as investors cheered its higher revenue growth guidance in the third quarter of the year.
In an updated report on the same day, Abercrombie & Fitch Co. (NYSE:ANF) said it now sees net sales to grow between 6 and 7 percent for the full-year period, or higher than the 5 to 7 percent outlook previously.
It also maintained its guidance of 13 to 13.5 percent growth in operating margin, and earnings per share (EPS) of $10.20 to $10.50 apiece.
In the fourth quarter alone, net sales are expected to jump by 4 to 6 percent year-on-year, with operating margin growth of around 14 percent, and EPS of $3.40 to $3.70 apiece, amid the upcoming holiday season, where consumer consumption typically increases.
“As we enter the holiday season, our global teams are energized and ready to deliver exceptional experiences for our customers across brands and regions,” Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz said.
Last quarter, Abercrombie & Fitch Co. (NYSE:ANF) dropped its attributable net income by 14 percent to $113 million from $132 million in the same period last year.
Net sales, on the other hand, grew by 7 percent to $1.29 billion from $1.21 billion year-on-year on the back of higher sales from its operations in the Americas and in Europe, the Middle East, and Africa.
2. Symbotic Inc. (NASDAQ:SYM)
Symbotic climbed by 39.36 percent on Tuesday to close at $77.29 apiece after exceeding its revenue target for the fourth quarter of fiscal year 2025, alongside a promising outlook for the next fiscal period.
In an updated report, Symbotic Inc. (NASDAQ:SYM) said it grew its revenues in the fourth quarter of the year to $618 million, or 9 percent higher than the $565 million in the same period last year, and also exceeded its previous target of $590 million to $610 million.
“Revenue exceeded our expectations, and we delivered strong gross margin expansion and free cash flow in the fiscal fourth quarter of 2025,” said Symbotic Inc. (NASDAQ:SYM) CFO Izzy Martins.
However, it swung to a net loss attributable to shareholders of $3.6 million from a $2.8 million attributable net income in the same period last year.
For the full fiscal year alone, revenues jumped by 25.67 percent to $2.247 billion from $1.788 billion.
Net loss attributable to shareholders widened by 25 percent to $16.9 million from $13.49 million year-on-year.
For the first quarter of fiscal year 2026, Symbotic Inc. (NASDAQ:SYM) expects revenues of $610 million to $630 million, and adjusted EBITDA of $49 million to $53 million.
1. Kohl’s Corporation (NYSE:KSS)
Kohl’s Corporation soared to a new 52-week high on Tuesday as investors cheered the official appointment of Michael Bender as its new chief executive, paving the way for a more concrete turnaround strategy and operational improvements.
At intra-day trading, Kohl’s Corporation (NYSE:KSS) soared to as high as $22.45 before trimming a few cents to end the day just up by 42.16 percent at $22.42 apiece.
In a statement, Kohl’s Corporation (NYSE:KSS) said its board of directors unanimously appointed Bender to officially take over and lead the company, after serving as interim CEO since May 1, 2025.
Bender replaced Ashley Buchanan, who was fired in May after a company investigation found that he had pushed for deals with a vendor and former Walmart executive, Chandra Holt, with whom he had a personal relationship.
Bender previously held leadership positions at retailer companies, including Victoria’s Secret, Walmart, and Eyemart Express. His appointment took effect last Friday, November 23.
“Over the past several months, as interim CEO, Michael has proven to be an exceptional leader for Kohl’s—progressively improving results, driving short and long-term strategy, and positively impacting cultural change,” said Kohl’s Corporation (NYSE:KSS) Board Chairman John Schlifske.
“With three decades of leadership experience across retail and consumer goods companies and a deep commitment to the Kohl’s brand, we are confident Michael will continue to lead the Company forward in a way that will benefit our associates, customers, and shareholders,” he added.
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