Ten stocks stood firmer on Thursday amid a market bloodbath, as investors took path from more corporate earnings and acquisition news. Of the 10 firms, four hit new record highs.
On the other hand, Wall Street’s main indices all finished in the red, led by the Nasdaq, down 1.90 percent; followed by the S&P 500, dropping 1.12 percent, and the Dow Jones, losing 0.84 percent.
Indices aside, we focus on the 10 companies that led Thursday’s charge and detail the reasons behind their strong performance.
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.
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10. Marqeta Inc. (NASDAQ:MQ)
Marqeta jumped by 8.93 percent on Thursday to close at $4.88 apiece, as investors cheered the significant slash in its net losses in the third quarter of the year.
In its updated report, Marqeta Inc. (NASDAQ:MQ) said net loss shrank by 87 percent to $3.6 million from the $28.6 million in the same period last year.
Net revenues improved by 28 percent to $163 million from $127.97 million year-on-year, primarily driven by increased volumes, partially offset by unfavorable mix due to faster growth of card programs where it provided processing services with minimal or no program management.
Adjusted EBITDA jumped by 42.8 percent to $30 million from $21 million.
“Our robust Q3 financial results demonstrate our business momentum and our ability to deliver strong growth while rapidly improving our profitability,” CEO and CFO Mike Milotich said.
“Marqeta’s unique combination of modern capabilities, scale, geographic reach, expertise and flexibility continues to enable both innovation and growth for our customers,” he added.
For the fourth quarter of the year, Marqeta Inc. (NASDAQ:MQ) expects revenues to grow between 22 and 24 percent; gross profit to jump by 17 to 19 percent; and adjusted EBITDA margin to increase by 15 to 16 percent.
Marqeta Inc. (NASDAQ:MQ) is a modern global card issuing platform providing advanced infrastructures and tools for building highly configurable payment solutions.
9. APA Corp. (NASDAQ:APA)
APA snapped a three-day losing streak on Thursday, jumping 9.14 percent to close at $23.64 apiece as investors cheered its return to profitability in the third quarter of the year.
Based on its financial statement, APA Corp. (NASDAQ:APA) swung to a net income attributable to shareholders of $205 million from a $223 million net loss in the same period last year.
Total revenues increased by 16.4 percent to $2.115 billion from $2.531 billion year-on-year on the back of strong revenues from oil and natural gas production.
Reported production stood at 464,000 boe/pd while adjusted production, which excludes Egypt’s non-controlling interests and tax barrels, was at 387,000 boe/pd.
Oil production in the US, on the other hand, ended at 121,000 barrels per day.
Both operations in the US and Egypt exceeded the company’s production guidance.
In line with its cost-saving measures, APA Corp. (NASDAQ:APA) said that it is set to achieve by the end of the year its run-rate savings target of $350 million, two years sooner than originally anticipated. It also expects to recognize between $50 million and $100 million by the end of 2026.
“Our strong third-quarter results demonstrate our continued focus on operational execution, disciplined cost management, and the delivery of our strategic priorities,” said APA Corp. (NASDAQ:APA) CEO John Christmann IV.
“Once again, we exceeded production guidance across all operating areas, continued to deliver cost savings initiatives ahead of schedule and further strengthened our balance sheet. We believe the progress we have achieved in 2025 is sustainable and provides great momentum for the future,” he noted.
8. XPeng Inc. (NYSE:XPEV)
XPeng ended two straight days of losses on Thursday, adding 9.64 percent to close at $23.89 apiece as investors loaded positions ahead of an expected stellar earnings performance in the third quarter of the year.
In a notice to its investors, XPeng Inc. (NYSE:XPEV) said it would release its financial and operating highlights before market open on November 17, 2025. A conference call will be held to elaborate on the results.
XPeng Inc. (NYSE:XPEV) earlier provided guidance on its third quarter outlook, with total revenues targeted at 19.6 billion to 21 billion yuan, representing a year-on-year increase of approximately 94 to 107.9 percent.
Last month, it also released official results on its third quarter vehicle deliveries, successfully hitting 116,007—a 149 percent year-on-year increase. The total figure also fell within the company’s earlier target of 113,000 to 118,000 vehicle deliveries for the period.
In other news, XPeng Inc. (NYSE:XPEV) received a maintained “market perform” rating and $21 price target from investment firm Bernstein SocGen following its 2025 AI Day event, where it showcased its latest advancements in Advanced Driver Assistance Systems (ADAS) technology and unveiled plans for robotaxis, humanoids, and electric vertical takeoff and landing aircraft (eVTOLs).
7. Snap Inc. (NYSE:SNAP)
Snap Inc. ended two straight days of losses on Thursday, jumping 9.73 percent to close at $8.01 apiece as investors cheered its strong earnings performance that solidified its path to profitability, alongside an upbeat outlook for the fourth quarter of the year.
In an updated report, Snap Inc. (NYSE:SNAP) said it narrowed its net loss by 32 percent to $103.5 million from $153 million in the same period last year. Revenues increased by 9.8 percent to $1.5 billion from $1.37 billion year-on-year, driven by improved advertising demand and the rapid expansion of direct revenue streams.
Advertising revenues alone increased by 8 percent, while other revenues, including Snapchat+ subscription, jumped 54 percent year-on-year.
Adjusted EBITDA stood at $182 million, higher by 38 percent than the $131.96 million in the same comparable period.
For the fourth quarter, Snap Inc. (NYSE:SNAP) expects to hit revenues of $1.68 billion to $1.71 billion, implying a year-on-year growth of 8 to 10 percent, while adjusted EBITDA is projected at $280 million to $310 million.
In other news, Snap Inc. (NYSE:SNAP) also announced plans to repurchase $500 million of its shares in line with its commitment to provide greater shareholder value.
6. Hecla Mining Company (NYSE:HL)
Hecla Mining rallied for a second day on Thursday to nearly hit its 52-week high as investors gobbled up shares following a stellar earnings performance in the third quarter of the year.
At intra-day trading, Hecla Mining Company (NYSE:HL) soared to its highest day price of $15.42, or just 2 cents shy of its 52-week high, before trimming gains to end the day just up by 11.89 percent at $13.55 apiece.
The rally came after a 6,109 percent expansion in its net income attributable to shareholders in the third quarter of the year at $100.59 million versus only $1.62 million in the same period last year, as sales jumped by 67 percent to $409 million from $245 million year-on-year.
Adjusted EBITDA soared by 120 percent to $195.69 million from $88.86 million.
“Our third quarter results represent a defining moment for Hecla, with record-breaking performance across a number of key financial metrics…all records in the company’s 134 year history,” said Hecla Mining Company (NYSE:HL) President and Chief Executive Officer Rob Krcmarov.
“Operationally, all four producing assets contributed to positive free cash flow for the second consecutive quarter. Greens Creek continues to exceed expectations, Keno Hill has delivered three consecutive quarters of profitability under our ownership, Lucky Friday maintained consistent production while advancing the surface cooling project, and Casa Berardi’s cost trajectory is improving. This validates both the quality of our asset base and the skill of our operating teams,” he added.
For full-year 2025, Hecla Mining Company (NYSE:HL) raised its production outlook for both gold and silver, with the latter now expected at 16.2 to 17 million ounces—an increase from the previous lower-end guidance of 15.5 million ounces.
Meanwhile, gold production outlook was raised to 145,000 to 150,000 troy ounces from the 126,000 to 137,000 troy ounces previously.
5. Metsera, Inc. (NASDAQ:MTSR)
Metsera soared to a new all-time high on Thursday as buying appetite was bolstered by an intensifying billion-dollar bidding war from two pharmaceutical giants.
At intra-day trading, Metsera, Inc. (NASDAQ:MTSR) climbed to a new high of $82.79 before trimming gains to end the day just up by 14.25 percent at $81.55 apiece.
This followed news that Pfizer Inc. upgraded its offer to buy Metsera, Inc. (NASDAQ:MTSR) for $10 billion, matching Novo Nordisk’s, albeit the latter said its offer remained higher.
The bidding war began privately in January this year, with both companies aiming to gain a foothold and a larger market share in the booming weight-loss market.
Earlier this year, Pfizer shelved a clinical trial for its own weight-loss drug candidate amid safety concerns and shifted its sights on acquiring Metsera, Inc. (NASDAQ:MTSR) to reenter the space. Meanwhile, Novo Nordisk moved to tighten its grip after losing ground to its largest rival, Eli Lilly.
Metsera, Inc. (NASDAQ:MTSR) already signed a definitive agreement to be acquired by Pfizer last month, but later walked back following Novo’s higher offer.
Pfizer later sued Metsera and Novo for breaching the definitive agreement, saying that the latter’s move “constitutes an anticompetitive action … to protect its dominant market position in GLP-1s.”
4. Coherent Corp. (NYSE:COHR)
Coherent Corp. jumped to a new all-time high on Thursday, as investors cheered a stellar earnings performance in the first quarter of fiscal year 2026, thanks to strong demand from AI data centers.
At intra-day trading, Coherent Corp. (NYSE:COHR) soared to its highest price of $162.50 before trimming gains to end the day just up by 18.32 percent at $159.30 apiece.
In an updated report, Coherent Corp. (NYSE:COHR) said it incurred a net income attributable to shareholders of $226 million, marking a 769 percent jump from the $26 million previously.
Revenues increased by 17 percent to $1.581 billion from $1.348 billion year-on-year, driven by strong demand from AI-related data centers and communications.
Looking ahead, Coherent Corp. (NYSE:COHR) expects revenues for the second quarter of the fiscal period to end at $1.56 billion to $1.70 billion; gross margin percentage of 38 to 40 percent; and earnings per share of $1.10 to $1.30.
“We expect continued strong growth throughout this fiscal year based on increasing datacenter and communications demand along with our continued production capacity expansion,” said Coherent Corp. (NYSE:COHR) CEO Jim Anderson.
3. Datadog Inc. (NASDAQ:DDOG)
Datadog snapped a three-day losing streak on Thursday to hit a new four-year high, as investors gobbled up shares after raising its revenue growth guidance for full-year 2025.
At intra-day trading, the stock jumped to its highest price of $194.87 before paring gains to end the day just up by 23.13 percent at $190.82 apiece.
In an updated report, Datadog Inc. (NASDAQ:DDOG) said it now expects higher full-year revenues of $3.386 billion to $3.39 billion, as compared with the $3.312 billion to $3.322 billion previously.
Earnings per share (EPS) are also targeted at $2 to $2.02, higher than the $1.80 to $1.83 expected earlier.
For the fourth quarter alone, Datadog Inc. (NASDAQ:DDOG) projects revenues of $912 million to $916 million, while EPS is pegged at $0.54 to $.056, assuming approximately 367 million weighted average diluted shares outstanding.
Last quarter, Datadog Inc. (NASDAQ:DDOG) saw net income dwindle by 34 percent to $33.88 million from $51.70 million in the same period last year, but revenues increased by 28 percent to $885 million from $690 million year-on-year.
2. Brighthouse Financial, Inc. (NASDAQ:BHF)
Brighthouse Financial soared to a new eight-year high as investors gobbled up shares following news that it was set to be acquired by Aquarian Capital for $4.1 billion.
At intra-day trading, Brighthouse Financial, Inc. (NASDAQ:BHF) jumped to a new high of $66 before paring gains to end the day just up by 26.83 percent at $65.70 apiece.
In a statement, Aquarian Capital announced that it signed a definitive merger agreement with Brighthouse Financial, Inc. (NASDAQ:BHF) for an all-cash acquisition of all its shares at a price of $70 apiece, marking a 35 percent upside from the $51.80 closing price prior to the announcement.
The transaction is expected to close in 2026, subject to customary closing conditions.
In other developments, Brighthouse Financial, Inc. (NASDAQ:BHF) is set to release the results of its third-quarter earnings performance on Friday, November 7, but said it cancelled the conference call scheduled for 8 AM on the same day following the recent signing of the definitive merger agreement.
1. LifeStance Health Group, Inc. (NASDAQ:LFST)
LifeStance recovered by 29.94 percent on Thursday to close at $6.25 apiece as investors welcomed its impressive earnings performance in the third quarter of the year, solidifying expectations for a strong 2025.
In an updated report, LifeStance Health Group, Inc. (NASDAQ:LFST) said it swung to a net income of 1.077 million from a $5.9 million net loss in the same period last year. Total revenues increased by 16 percent to $363.8 million from $312.7 million year-on-year.
The figures supported the company’s nine-month recovery, with net loss shrinking by 96 percent to only $2 million from $50.3 million in the same period last year. Total revenues stood at $1.04 billion, higher by 12.6 percent than the $925 million year-on-year.
“This was a record-breaking quarter for LifeStance,” said LifeStance Health Group, Inc. (NASDAQ:LFST) CEO Dave Bourdon. “This performance reflects improved operating leverage in G&A and positions us to raise our full-year Adjusted EBITDA guidance while continuing to expand margins into 2026. The team’s exceptional results this quarter provide strong momentum as we enter the fourth quarter and look ahead to the coming year.”
Looking ahead, LifeStance Health Group, Inc. (NASDAQ:LFST) maintained its revenue growth outlook of $1.41 billion to $1.43 billion for full-year 2025 and raised its adjusted EBITDA expectations to a range of $146 million to $152 million, from $140 million to $150 million previously.
For the fourth quarter alone, revenues are targeted at $368 million to $388 million, while adjusted EBITDA is projected at $37 million to $43 million.
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