Ten stocks boasted double-digit gains on Wednesday, outperforming a lackluster performance on Wall Street’s major indices, as investors digested a flurry of strong corporate earnings, upbeat outlooks, and price target upgrades, among others.
Meanwhile, the three major indices all finished in the red, led by the tech-heavy Nasdaq, declining 0.16 percent, and followed by the Dow Jones, shedding 0.13 percent. The S&P 500, on the other hand, finished flat.
Indices aside, we name the 10 top-performing stocks on Wednesday and break down the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
Photo by Tima Miroshnichenko on Pexels
10. Suzano SA (NYSE:SUZ)
Brazil-based pulp and paper manufacturer Suzano SA soared to a new 52-week high on Wednesday, as investors cheered its swing to profitability and plans to implement a new repurchase program.
At intra-day trading, the stock jumped to its highest price of $11.22 before trimming a few cents to end the day just up by 13.50 percent at $11.18 apiece.
In an earnings call, Suzano SA (NYSE:SUZ) said that it swung to a net income of R$13.4 billion last year from a R$7.04 billion net loss in 2024. Net revenues amounted to R$50 billion, marking a 6 percent jump from the R$47.4 billion year-on-year.
In the fourth quarter alone, net income reached R$116 million, reversing a R$6.7 billion net loss in the same quarter a year earlier. Net revenues, however, declined by 8 percent to R$13.1 billion from R$14 billion year-on-year, despite pulp and paper sales jumping by 4 percent and 10 percent, respectively.
Following the results, Suzano SA (NYSE:SUZ) unveiled plans to repurchase 40 million of its shares by August 2027, marking its sixth round of buyback. This followed the successful reacquisition of R$805 million shares, covering 14.82 million shares at an average price of R$54.33 apiece.
9. Lattice Semiconductor Corp. (NASDAQ:LSCC)
Lattice Semiconductor climbed to a new all-time high on Wednesday, as investors took heart from a strong revenue performance last year, which bolstered its targets of hitting double-digit growth in 2026.
At intra-day trading, the stock climbed to its highest price of $107.73 before paring gains to end the day just up by 16.29 percent at $105.77 apiece.
In an earnings call, Lattice Semiconductor Corp. (NASDAQ:LSCC) said that it was able to grow its revenues last year by 2.7 percent to $523 million from $509 million in 2024. However, net income fell by 95 percent to $3.08 million from $61 million year-on-year.
In the fourth quarter alone, revenues grew by 9.3 percent to $145.8 million from $117 million, but the company swung to a net loss of $7.6 million from $16.5 million in the same comparable period.
Looking into the first quarter of the year, Lattice Semiconductor Corp. (NASDAQ:LSCC) announced targets of growing its revenues by 31 to 43 percent to a range of $158 million to $172 million, versus $120.1 million in the first three months of last year.
Non-GAAP earnings per share are expected to be in the range of $0.34 to $0.38, marking a jump of 54 percent to 72 percent from the $0.22 posted in the first quarter of 2025.
Hedge Fund Resource Center