Ten stocks finished the trading week, booking hefty gains and mirroring a broader market rally, generally buoyed by the improving trade relations between the United States and China.
The Dow Jones rallied by 1 percent, while the S&P 500 and the tech-heavy Nasdaq both grew by 0.52 percent.
Meanwhile, the 10 stocks outpaced the wider market amid company-specific developments, coupled with an early quarterly window dressing.
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. The Boeing Company (NYSE:BA)
The Boeing Company grew its share prices by 5.91 percent on Friday to close at $214.55 apiece following news that its plan to acquire its former subsidiary, Spirit Aerosystems, is now progressing to secure regulatory approvals.
This followed the UK Competition and Markets Authority’s invitation from interested parties to help inform a decision on The Boeing Company (NYSE:BA) and Spirit Aerosystems’ proposed re-merger.
The Boeing Company (NYSE:BA) spun off Spirit Aerosystems’ plants in Wichita and Oklahoma in 2005, and announced to reacquire the former unit for $4.7 billion last year in a bid to streamline its operations and improve quality control, ending nearly two decades of independence of the world’s largest standalone aerostructures company.
Meanwhile, The Boeing Company’s (NYSE:BA) competitor, Airbus, finalized a deal to acquire several Spirit AeroSystems facilities tied to its aircraft programs.
9. Peloton Interactive, Inc. (NASDAQ:PTON)
Peloton Interactive rallied by 6.42 percent on Friday to close at $6.8 apiece as investors appeared to scoop up bargains ahead of the quarterly window-dressing.
In recent news, Peloton Interactive, Inc. (NASDAQ:PTON) announced the creation of a chief technology officer role in line with its plans to focus on artificial intelligence innovation. The role will be assumed by Francis Shanahan, who has led the company’s engineering and technical teams, customer-facing AI innovation strategy, guided product architecture, and ensured its systems are scalable and high-performing.
In the third quarter of fiscal year 2025, Peloton Interactive, Inc. (NASDAQ:PTON) narrowed its net losses by 71.5 percent to $47.7 million from $167.3 million in the same period last year, pushing its nine-month losses down by 73 percent to $140.5 million from $521.4 million in the same comparable period.
Revenues for the last quarter declined by 13 percent to $624 million from $717.7 million year-on-year, while revenues for the nine-month period decreased by 8 percent to $1.883 billion from $2.056 billion.
8. Hims & Hers Health, Inc. (NYSE:HIMS)
Hims & Hers extended its rally for the second day on Friday, adding 6.76 percent to close at $49.41 apiece after its chief executive’s reaffirmation that the company will continue to offer cheaper compounded versions of GLP-1 weight-loss drugs, following its terminated partnership with Novo Nordisk.
According to Hims & Hers Health, Inc. (NYSE:HIMS) CEO Andrew Dudum, he was upset that Novo was feeling the pressure and was not comfortable.
“But ultimately, I think us holding strong to fighting on behalf of customers is just who we are. There’s just no way in hell we’re going to cave on that, no matter who the pharma company is or what the partnership looks like,” he noted.
Novo Nordisk terminated its partnership with Hims & Hers Health, Inc. (NYSE:HIMS), alleging the latter of failing to adhere to the law, which prohibits mass sales of compounded drugs under the false guise of “personalization.”
Novo Nordisk also claimed that Hims & Hers Health, Inc. (NYSE:HIMS) was disseminating deceptive marketing that put patient safety at risk.
7. IREN Limited (NASDAQ:IREN)
IREN Ltd. extended its winning streak to a 7th straight day on Friday, jumping 6.79 percent to close at $14 apiece, as investors continued to load up positions before the end of the month on optimism that it would hit its average operating hash rate target of 50 EH/s.
Earlier this month, IREN Limited (NASDAQ:IREN) announced that it was on track to hit 50 EH/s of operating hash rate by the end of June, or a 30-percent improvement from the 38.4 EH/s hash rate logged last month.
According to the company, a 50 EH/s generates $977 million in annualized mining revenue at current mining economics.
As of June 5, 2025, IREN Limited (NASDAQ:IREN) said it has so far installed 41 EH/s of miners.
In the third quarter of fiscal year 2025, IREN Ltd. (NASDAQ:IREN) grew its net income after tax by 181 percent to $24.2 million from $8.6 million in the same period last year.
Revenues from Bitcoin mining soared by 164 percent to $141.2 million from $53.4 million year-on-year.
6. James Hardie Industries plc (NYSE:JHX)
James Hardie extended its winning streak to a fifth straight day on Friday, jumping 7.06 percent to close at $27.59 apiece as investor sentiment was bolstered by a bullish rating from an analyst.
In its market note on Friday, William Blair gave the company an “outperform” rating with a price target of $33, or a 19.6-percent upside from its latest closing price.
According to William Blair, James Hardie Industries plc (NYSE:JHX) holds a strong position in the fast-growing siding and composite decking categories, and is capable of growing its sales between 10 and 12 percent, and EBITDA between 12 and 15 percent.
Additionally, optimism was supported by its acquisition of The AZEK Company, which it said would create a leading exterior and outdoor living building products growth platform with efficient scale and profitability supported by leading brands driving material conversion.
James Hardie Industries plc (NYSE:JHX) acquired The AZEK Company in March this year for $8.8 billion as part of its growth strategy.
5. Snap Inc. (NYSE:SNAP)
Snap Inc. rallied for a second straight day on Friday, jumping 7.13 percent to close at $8.72 apiece following an investment firm’s more bullish rating for the company.
In a market note on Friday, Edgewater Research said that other market analysts’ consensus forecast for Snap Inc.’s (NYSE:SNAP) second quarter earnings might be “overly conservative,” suggesting huge potential for an earnings beat.
Analyst consensus for Snap Inc.’s (NYSE:SNAP) earnings for the second quarter was pegged at $0.01 per share, markedly down from the $0.08 booked in the first quarter of the year.
For its part, Edgewater Research said it sees momentum for the social media app’s direct response advertising business.
In recent news, Snap Inc. (NYSE:SNAP) acquired calendar app Saturn as part of its plans to heighten its influence among young adults.
Saturn is primarily focused on making it easier for students to keep track of school commitments, allowing calendar sharing, chatting, and joining in-app events.
4. Aeva Technologies, Inc. (NASDAQ:AEVA)
Aeva Technologies, Inc. (NASDAQ:AEVA) rallied by 8.55 percent on Friday to close at $36.43 apiece ahead of the quarterly window dressing, sparked by growth opportunities from the booming industrial automation and robotics, and autonomous driving.
Aeva Technologies, Inc. (NASDAQ:AEVA), a company focused on manufacturing and selling light detection and ranging (lidar) systems, is set to benefit from the increasing adoption of industrial automation, with various companies now transitioning to robotics to do jobs.
At home, e-commerce giant Amazon earlier this month underscored the future of warehouse automation and robotics, saying that it will need fewer people to do some of the jobs over time.
“In our fulfillment network, we’re using AI to improve inventory placement, demand forecasting, and the efficiency of our robots—all of which have improved cost to serve and delivery speed,” Amazon CEO Andrew Jassy was quoted as saying.
Additionally, autonomous driving is now taking center stage, sparking optimism for further growth for the lidar industry. Just this month, auto giant Tesla Inc. (NASDAQ:TSLA) launched its robotaxi operations in Texas, while Uber Technologies Inc. (NYSE:UBER) was mulling over acquiring Pony AI’s US subsidiary.
3. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)
Kratos Defense jumped by 10.91 percent on Friday to close at $45.84 apiece following an investment firm’s upgrade of its stock price target.
In a market note on Thursday, Truist Securities said it raised its price target for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) to $52 from $38 previously while maintaining a “buy” recommendation. The new price marked a 13.4-percent upside from its latest closing price.
The upgrade followed Kratos Defense & Security Solutions, Inc.’s (NASDAQ:KTOS) plans to raise $500 million through the issuance of 15 million additional shares in a bid to raise funds for new projects totaling $200 million.
According to Truist, the new projects have the potential to raise the listed firm’s revenues by $150 million in the coming years, adding that it was bullish on the company for this year and the next amid higher growth expectations from the new contracts.
2. EchoStar Corporation (NASDAQ:SATS)
EchoStar jumped by 13.16 percent on Friday to close at $28.81 apiece after announcing that it would now pay $500 million worth of interest payments after receiving support from President Donald Trump in relation to its ongoing battle with the Federal Communications Commission (FCC).
In a regulatory filing, EchoStar Corporation (NASDAQ:SATS) said it would now pay $500 million worth of interest payments originally due on June 2, 2025, staving off fears of a potential bankruptcy filing.
This followed its earlier decision to intentionally miss paying the said amount to its creditors, saying its ongoing battle with the FCC “froze its ability to make decisions.”
EchoStar Corporation (NASDAQ:SATS) received a letter from the FCC on May 9 notifying the former that it had begun a review of its compliance with certain federal obligations to provide 5G service in the US and raising concerns regarding its buildout extension and mobile-satellite service utilization in the 2GHz band.
1. NIKE, Inc. (NYSE:NKE)
Nike soared by 15.19 percent on Friday to end at $72.04 apiece, sparked by news that its sales slump had already hit rock bottom and that headwinds will “now start to moderate from here.”
In the fourth quarter of fiscal year 2025, NIKE, Inc.’s (NYSE:NKE) net income nosedived by 86 percent to $211 million from $1.5 billion in the same period last year. Revenues also dropped by 12 percent to $11.097 billion from $12.6 billion year-on-year.
For the full-year period, net income declined by 44 percent to $3.219 billion from $5.7 billion, while revenues decreased by 10 percent to $46.309 billion from $51.362 billion.
Commenting on the performance, NIKE, Inc. (NYSE:NKE) President and CEO Elliott Hill said that the results were in line with expectations, but were “not where we want them to be.”
For his part, NIKE, Inc. (NYSE:NKE) CFO Matthew Friend said that he expects headwinds to start to moderate.
“I am confident in our ability to navigate through this current dynamic and uncertain environment by focusing on what we can control and executing our Win Now actions,” he added.
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