Ten stocks stood firmer on Monday, bucking a mixed performance in the broader market, as investors took heart from a flurry of company-specific developments and an improving macroeconomic front.
On Wall Street, only the S&P 500 and the Nasdaq finished in the green, up by 0.12 percent and 0.20 percent, respectively. In contrast, the Dow Jones dropped by 0.13 percent.
Indices aside, this article spotlights the names of the 10 top performers and breaks down the reasons behind their gains.
To come up with the list, we focused on the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
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10. TeraWulf Inc. (NASDAQ:WULF)
TeraWulf grew its share price by 7.15 percent on Monday to close at $21.43, after an analyst raised its price target by double digits and posted a bullish outlook for the company.
In a market note, Morgan Stanley upgraded its price target for TeraWulf Inc. (NASDAQ:WULF) by 12 percent to $41.50 from $37 previously, while maintaining an “overweight” recommendation, citing its valuation as a bitcoin-to-data-center company as “increasingly attractive.”
Morgan Stanley said that TeraWulf Inc. (NASDAQ:WULF) is slated for growth upside amid recently clinched deals, including the development and leasing of facilities to AI players, such as Google, supported by ongoing expansion plans to boost its portfolio.
It can be learned that the listed firm earlier this year acquired two land parcels in Kentucky and Maryland for the development of some 1,480 MW of new digital and power capacity.
Meanwhile, Morgan Stanley said that TeraWulf Inc.’s (NASDAQ:WULF) preliminary results showed significant progress in its conversion plans, with over half of its revenues coming from high-performance computing (HPC) hosting, and more capacity expected to come online by year-end.
For the first quarter of the year, TeraWulf is targeting to report $30 million to $35 million in revenues, or an implied decline of 12.8 percent or growth of 1.7 percent from the $34.4 million registered in the same period last year.
Official results are expected to be released in the first week of May 2026, based on its historical reporting dates.
9. Lionsgate Studios Corp. (NYSE:LION)
Lionsgate rallied for a third straight day on Monday, climbing 7.09 percent to close at $12.24, after its new film hit box-office records, while investors digested an investment firm’s 25-percent price target upgrade for its stock.
According to a report by NBC, Lionsgate Studios Corp.’s (NYSE:LION) new film, Michael—which depicts the life of Michael Jackson—generated $217 million in global sales in its first weekend of release. Of the total, $97 million was sold locally, while the remaining $120.4 million was generated internationally.
The figures exceeded expectations of only $50 million to $70 million prior to the release.
Michael was also Lionsgate Studios Corp.’s (NYSE:LION) top bow since the pandemic, exceeding The Hunger Games: Mockingjay – Part 2, which raked in $102.7 million.
Meanwhile, investors took heart from Benchmark’s price target upgrade for Lionsgate Studios Corp. (NYSE:LION), to $15 from $12 previously, while maintaining a “buy” recommendation. The figure marked a 22.5 percent upside potential from its latest closing price.
In other news, Lionsgate Studios Corp. (NYSE:LION) earlier this month updated its employment contract with its CEO, Jon Feltheimer, under which, he was given an option to buy 4.5 million shares at $11.07 apiece, and a chance to receive 666,667 restricted stock units upon the achievement of certain conditions, including hitting certain price targets within five years, and if he stays in the company for five years.
The agreement forms part of the company’s broader efforts to compensate Feltheimer and support his strategy for driving Lionsgate’s growth.
8. Snap Inc. (NYSE:SNAP)
Snap rallied by 7.26 percent on Monday to close at $6.06 apiece, after an investment firm doubled its price target and turned bullish for its stock ahead of the first quarter earnings outcome.
In a market note, Rothschild upgraded Snap Inc. (NYSE:SNAP) to “buy” from “neutral” previously, while doubling its price target to $10 from $5 prior. The price marked a 65 percent upside potential from its latest closing price.
The coverage reflected its optimism for the technology firm’s diversified revenues and cost management efforts, adding that it expects the latter to have already reached breakeven in 2025 and be on the path to profitability in fiscal year 2026.
By 2028, Rothschild projects Snap Inc. (NYSE:SNAP) to grow at a compounded annual growth rate (CAGR) of 11 percent, driven by a 7 percent CAGR in advertising and a sharp increase in subscription revenues, to $1.755 billion in 2028 from $745 million in 2025.
Subscription revenues are projected to grow to 22 percent from 13 percent of total revenues, while gross margins are pegged at 63 percent in 2028 versus 55 percent in 2025.
In other developments, Snap Inc. (NYSE:SNAP) is set to announce the results of its earnings performance for the first quarter after market close on Wednesday, May 6. A conference call will be held to elaborate on the results.
For the period, it is targeting to grow its revenues by 12 percent to $1.529 billion from the $1.363 billion in the same period last year. Adjusted EBITDA is expected at $233 million, or a 116 percent jump from the $108 million year-on-year.
7. USA Rare Earth Inc. (NASDAQ:USAR)
USA Rare Earth surged by 7.50 percent on Monday to finish at $23.51 apiece, as investors loaded portfolios ahead of the results of its earnings performance in the first quarter of the year.
Based on its earnings report for the same period last year, USA Rare Earth Inc. (NASDAQ:USAR) is expected to release its financial and operating highlights between May 11 and 15, 2026.
In recent news, USA Rare Earth Inc. (NASDAQ:USAR) announced the acquisition of a rare earth miner for $2.8 billion.
In an updated report, USA Rare Earth Inc. (NASDAQ:USAR) said that it inked a definitive agreement with Serra Verde Group for the acquisition of its entire stake for a combination of cash and stock transaction.
Serra Verde, which owns the Pela Ema rare earth mine and processing plant in Goiás, Brazil, will be acquired for $300 million in cash and more than 126.8 million USAR shares.
The transaction is expected to close in the third quarter of the year, subject to customary closing conditions and regulatory approvals.
“The acquisition of Serra Verde represents a transformational step in delivering on our ambition to build a global champion and the partner of choice in rare earth elements, oxides, metals and magnets,” USA Rare Earth Inc. (NASDAQ:USAR) CEO Barbara Humpton said, noting that Serra Verde is the only producer outside Asia capable of supplying all four magnetic rare earths at scale, including Dysprosium, Yttrium, and Terbium.
“By combining Serra Verde’s world-class operations and team with our processing, separation, metallization, and magnet-making capabilities, we are advancing our goal of creating a fully integrated platform that will serve as a cornerstone of global rare earth supply security for decades to come,” she added.
6. Fastly Inc. (NASDAQ:FSLY)
Fastly snapped a three-day losing streak on Monday, surging 8.59 percent to close at $25.80 apiece, as investors repositioned portfolios ahead of the results of its first-quarter earnings performance.
In a notice to investors, Fastly Inc. (NASDAQ:FSLY) said that it would release its financial and operating highlights after market close on Wednesday, May 6. A conference call will be held to elaborate on the results.
For the period, the company is targeting to grow its revenues by 16 to 20.4 percent to a range of $168 million to $174 million, versus the $144.5 million in the same period last year.
It also expects to swing to a non-GAAP net income per share of $0.07 to $0.10 from a non-GAAP net loss per share of $0.05 posted in the same comparable period.
Non-GAAP operating income is pegged at $14 million to $18 million, or an implied reversal of the $5.8 million non-GAAP operating loss year-on-year.
In other news, Fastly Inc. (NASDAQ:FSLY) earlier this month teamed up with Spain-based professional football association, Laliga, in combating piracy and illegal streaming of its live sports.
Under the agreement, Fastly Inc. (NASDAQ:FSLY) and Laliga will collaborate on a joint anti-piracy innovation project leveraging AI for a targeted, intelligent detection system that is able to identify illegal streams in real time.
Fastly and Laliga said that they are actively collaborating with other technology companies, publishers, and regulators to develop software solutions and best practices that quickly detect and disable unauthorized streaming while leaving all other traffic untouched.
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