Wall Street kicked off the trading week soaring on Monday, with volumes surging and companies notably jumping by double digits, as investor sentiment was buoyed by the US and China’s easing trade tensions alongside JPMorgan’s trillion-dollar investments in critical industries over the next 10 years.
The Nasdaq led gains among the three major indices, jumping 2.21 percent, followed by the S&P 500 with 1.56 percent, and the Dow Jones at $1.29 percent.
Indices aside, we spotlight the 10 companies that led and outperformed the market with whopping gains, and detail the reasons behind their performance.
To come up with the list, we focused exclusively on mid-cap stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.
A man in black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels
10. Fluence Energy Inc. (NASDAQ:FLNC)
Fluence Energy rebounded by 21.39 percent on Monday to close at $15.89 apiece as investors gobbled up shares in sectors tied to JPMorgan’s $1.5 trillion investment program over the next 10 years.
Fluence Energy Inc. (NASDAQ:FLNC) mirrored an overall market optimism after JPMorgan said that $10 billion of the total amount would cover companies across 27 industries, including battery storage, grid resilience, and distributed energy.
“Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock, and an education system not aligned to the skills we need,” said JPMorgan Chairman and CEO Jamie Dimon.
The announcement sparked buying across the targeted sectors, dominated by those riding the artificial intelligence wave, including energy.
In other news, Fluence Energy Inc. (NASDAQ:FLNC) said it expects a large share of its backlog next year to come from US orders, as power demand from data centers continues to surge.
Specifically, CEO Julian Nebreda said that the US business alone will contribute half of its global demand.
9. BigBear.ai Holdings Inc. (NYSE:BBAI)
Shares of BigBear AI jumped by 22.02 percent on Monday to close at $8.81 apiece, as investor sentiment was bolstered by its partnership with Tsecond Inc. to expand support for mission-critical operations through the development of AI-enabled edge infrastructures.
In a statement, BigBear.ai Holdings Inc. (NYSE:BBAI) said the partnership aims to simplify AI tools for military and field teams and help them make quicker decisions without depending on full connectivity or cloud computing through accelerating situational awareness through real-time data processing; enhancing threat detection and decision-making in contested or disconnected environments; and delivering enterprise-scale AI in compact and deployable systems.
“Edge AI must be fast, secure, and simple to deploy under pressure,” said BigBear.ai Holdings Inc. (NYSE:BBAI) CEO Kevin McAleenan.
“Together with Tsecond as a preferred partner for hardware at the tactical edge, we’re equipping national security teams with the ability to process data within seconds, detect threats sooner, and adapt quickly—even in disconnected environments—for decisive action when it matters most,” he added.
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