Ten companies kicked off the trading week on a strong note, defying a broader market pessimism that was dragged down by President Donald Trump’s tariff letters to various countries.
Wall Street’s main indices all finished in the red, led by the Dow Jones with 0.94 percent, followed by the Nasdaq with 0.92 percent, and the S&P 500 at 0.79 percent.
Meanwhile, the 10 stocks on our list rallied amid a favorable market environment and acquisition news, among others. In this article, we name the 10 top-performing companies and explore the reasons behind their gains.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and over 5 million shares in trading volume.
10. Sibanye Stillwater Limited (NYSE:SBSW)
Sibanye Stillwater jumped to a new all-time high on Monday, touching $8.06 before paring gains to end the day just up by 4.76 percent to $7.93 apiece, with investor sentiment buoyed by Wall Street Zen’s more bullish recommendation on its stock.
In a market note over the weekend, Wall Street Zen upgraded its stock to “buy” from “hold” previously.
The recommendation followed the company’s revival of its Burnstone gold project in South Africa, with an additional $281 million investment expected to be poured in after a 4 billion rand expenditure already infused into the project.
According to Sibanye Stillwater Limited (NYSE:SBSW), it expects to exploit favorable gold pricing within 20 years of expected operations for the project.
In recent news, Sibanye Stillwater Limited (NYSE:SBSW) announced a more optimistic business outlook for the rest of the year, as it expects to continue posting positive outcomes from its actions over the past two years.
In the first quarter of the year, Sibanye Stillwater Limited (NYSE:SBSW) registered an 89-percent jump in adjusted EBITDA of $222 million as a result of its diversification and restructuring program. Among its businesses, PGM operations was the strongest, contributing $137 million.
9. Sunrun Inc. (NASDAQ:RUN)
Sunrun Inc. (NASDAQ:RUN) rallied for a second day on Monday, adding 5.81 percent to close at $11.11 apiece as funds flocked back to solar stocks following the passage of the One Big Beautiful Bill Act with a more favorable environment for residential solar companies.
Prior to the July 4 deadline, the House of Representatives officially adopted the Senate version of the bill which implemented gentler cuts to clean energy tax credits.
Additionally, the measure excluded excise taxes that would have been slapped on wind and solar projects constructed with a certain percentage of materials sourced from China.
The bill, however, would still cut tax credits, albeit not as soon as the expected end-of-December deadline, as projects that have already been planned, financed, and approved will continue to receive applicable tax credits as long as they begin construction before June 2026 and become operational by 2027.
Following the passage, investment firm Citi said it expects positive momentum for Sunrun Inc. (NASDAQ:RUN) as the stock recovers from negative sentiment.
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