10 Stocks Shine Brighter Than Wall Street

Ten companies kicked off the trading week outperforming Wall Street’s main indices, as investors took path from a flurry of partnerships, positive government policies, and bullish analyst comments, among others.

Meanwhile, only the tech-heavy Nasdaq finished in the green among all three main indices, albeit inching up by only 0.03 percent. The Dow Jones and the S&P 500 were down by 0.08 percent and 0.01 percent, respectively.

In this article, we highlight the names of Monday’s top 10 performers and break down the reasons behind their gains.

To compile the list, we focused exclusively on stocks with $2 billion in market capitalization and at least 5 million shares in trading volume.

Stock market data. Photo by Photo by Alesia Kozik

10. Terawulf Inc. (NASDAQ:WULF)

Terawulf extended its winning streak to a fourth straight day on Monday to break past a new all-time high as investors cheered an expanded partnership with Google and Fluidstack that could potentially generate the company $16 billion in revenues.

At intra-day trading, Terawulf Inc. (NASDAQ:WULF) soared to as high as $10.71, marking a 19.4-percent increase from its previous close, before paring gains to end the day just up by 4.57 percent at $9.38 apiece.

This followed updated announcements that Fluidstack was expanding its data center at the Lake Mariner campus in Western New York, which was expected to require another 160 MW of critical IT load supply from Terawulf Inc. (NASDAQ:WULF), on top of the 200 MW initially signed.

Assuming Fluidstack exercises two lease extensions, the contract would help generate $16 billion in total revenues for Terawulf Inc. (NASDAQ:WULF).

In connection with the increased capacity, technology giant Google also announced intentions to invest $3.2 billion in Terawulf Inc. (NASDAQ:WULF) to support the project, in exchange for warrants to acquire 32.5 million WULF common shares, or a 14-percent pro-forma equity.

“This expansion underscores the unmatched scale and capabilities of the Lake Mariner campus,” said Terawulf CEO Paul Prager.

“We are not only increasing our contracted capacity with Fluidstack, but also further deepening our strategic alignment with Google as a critical financial partner in delivering the next generation of AI infrastructure,” he added.

9. Newell Brands Inc. (NASDAQ:NWL)

Newell Brands rallied for a fifth consecutive day on Monday, jumping 7.51 percent to close at $5.87 apiece as investors continued to gobble up shares ahead of the looming record date for its quarterly dividends.

According to Newell Brands Inc. (NASDAQ:NWL), it is scheduled to pay 7 cents in quarterly dividends to shareholders as of August 29. The dividends will be payable on September 15, 2025.

The dividend declaration followed an improved earnings performance in the second quarter of the year, during which Newell Brands Inc. (NASDAQ:NWL) grew its net income by 2.2 percent to $46 million from $45 million in the same period last year. This was despite a 4.8-percent decline in revenues at $1.935 billion versus $2.033 billion year-on-year, dragged by core sales decline, unfavorable foreign exchange, and business exits.

In the first half, net income fell by 75 percent to $9 million from $36 million year-on-year, while revenues decreased by 5 percent to $3.5 billion from $3.69 billion.

Looking ahead, Newell Brands Inc. (NASDAQ:NWL) became more optimistic about its business, with net sales now expected to decline by 2-3 percent versus the 2-4 percent previously.