Ten stocks kicked off the shortened trading week posting whopping gains, outperforming a lackluster performance on the broader market, as investors took path from positive developments in their respective industries as well as positioning ahead of earnings results. Of the 10 stocks, eight companies climbed to new record highs.
Meanwhile, all Wall Street indices finished in a bloodbath, with the Nasdaq leading losses by 2.39 percent, followed by the S&P 500, declining 2.06 percent, and the Dow Jones down 1.76 percent. The drop was primarily triggered by tariff uncertainties, with President Donald Trump keen on slapping fresh tariffs on eight European countries.
Indices aside, this article focuses on the key factors of the 10 top-performers’ impressive gains during the day.
To come up with the list, we focused exclusively on stocks with a $2 billion market capitalization and 5 million shares in trading volume.
Photo by Tima Miroshnichenko on Pexels
10. Sandisk Corp. (NASDAQ:SNDK)
Sandisk extended its winning streak to a third straight day on Tuesday to hit a new all-time high, as investors took path from an investment firm’s 75 percent price target upgrade for its stock, while loading portfolios ahead of next week’s earnings release.
At intra-day trading, Sandisk Corp. (NASDAQ:SNDK) soared to its highest price of $457.37 before trimming gains to finish the day just up by 9.55 percent at $453.12 apiece.
In a market report, Citi raised its price target for the stock to $490 from $280 previously, marking an 8 percent upside potential from its latest closing price. It also maintained a “buy” recommendation.
Citi’s coverage followed five other analyst reports last week, four of which upgraded their price targets, while only two issued “buy” and “outperform” ratings.
Among the analysts, Bernstein became the most bullish, having raised its price target by 93 percent to $580 from $300, while reaffirming its “outperform” rating.
Benchmark followed with a 73 percent upgrade to $450 from $260, maintaining its “buy” recommendation.
Meanwhile, RBC initiated coverage on the stock with a $400 price target and a “sector perform” rating; while Barclays and Wells Fargo issued 75 and 65 percent higher price targets of $385 and $380, respectively, both reaffirming “equal weight” ratings.
Sandisk Corp. (NASDAQ:SNDK) is scheduled to announce the results of its earnings performance for the second quarter of fiscal year 2026 after market close on Thursday, January 29. A conference call will be held to discuss the results.
9. Hudbay Minerals Inc. (NYSE:HBM)
Hudbay Minerals soared to a new all-time high on Tuesday, mimicking the rally to fresh peaks in spot prices of silver and gold after investors set their sights on safer assets amid ongoing geopolitical tensions.
At intra-day trading, Hudbay Minerals Inc. (NYSE:HBM) jumped to its highest price of $24.74 before paring a few cents to end the day just up by 9.73 percent at $24.69 apiece.
The stock mirrored the industry’s overall rally as investor funds fled to precious assets like silver and gold, climbing to $95 and $4,700, respectively, after President Donald Trump over the weekend threatened to impose fresh tariffs on eight countries opposing its plan to take over Greenland.
Benchmark copper prices, which as of writing were up by 1.27 percent to $12,965.50 per metric ton, also contributed to the jump.
In other news, Hudbay Minerals Inc. (NYSE:HBM) is scheduled to announce the results of its earnings for the full-year and fourth quarter of 2025 on February 20, 2026. A conference call will be held to elaborate on the results.
The company had already issued preliminary production results for the full year and fourth quarter of 2025, where it achieved the production of 118,188 tons of copper, 267,934 ounces of gold, as well as 17,646 tons of zinc, 3.47 million ounces of silver, and 1,282 tons of molybdenum.
For the fourth quarter alone, Hudbay Minerals Inc. (NYSE:HBM) produced 33,069 tons of copper, 84,298 ounces of gold, 1 million ounces of silver, 5,703 tons of zinc, and 325 tons of molybdenum.
Hedge Fund Resource Center