Ten stocks clocked in double-digit gains anew on Tuesday, mirroring a broader market optimism, amid a combination of bullish outlooks and macroeconomic catalysts that bolstered investing appetite. Of the 10 firms, four soared to new all-time highs.
On Wall Street, all benchmark indices finished in the green, with the Dow Jones, the Nasdaq, and the S&P 500 all up by 0.99 percent, 0.65 percent, and 0.62 percent, respectively.
In this article, we focus on the 10 top-performing stocks on Tuesday and detail the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with a market capitalization of at least $2 billion.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. USA Rare Earth Inc. (NASDAQ:USAR)
USA Rare Earth extended its winning streak to a third consecutive day on Tuesday, jumping 10.89 percent to close at $17.52 apiece as investors took path from ongoing geopolitical tensions between the US and Venezuela, which could potentially open doors for the former’s access to the latter’s mineral-rich resources.
Over the weekend, the US government announced that it had captured Venezuelan President Nicolas Maduro who had been brought to the US for criminal charges, including narco-terrorism and drug trafficking. Traders took the arrest as a cue for the US’ potential access to the untapped mineral resources in Venezuela, especially as the world’s largest economy is ramping up its rare earth manufacturing to reduce dependence on China.
Venezuela’s Orinoco Mining Arc reportedly holds as much as 300,000 metric tons of rare earth deposits, including lanthanum, thorium, and crucially, neodymium—a key ingredient for manufacturing high-performance permanent magnets, which could spark rosy prospects for USA Rare Earth Inc.’s (NASDAQ:USAR) large magnet facility in Stillwater, Oklahoma.
Currently under development, USA Rare Earth Inc. (NASDAQ:USAR) said it targets commercial operations in the first half of the year.
Apart from USA Rare Earth Inc. (NASDAQ:USAR), other rare earth stocks also rallied during the session, including MP Materials Corp. ad Texas Mineral Resources Corp., among others.
9. Lumentum Holdings Inc. (NASDAQ:LITE)
Lumentum rebounded by 11.31 percent on Tuesday to finish at $397.42 apiece as investors loaded portfolios in preparation for its earnings performance in the second quarter of fiscal year 2026.
In an update on Monday, Lumentum Holdings Inc. (NASDAQ:LITE) said that it is scheduled to release its financial and operating highlights for the period covering October to December after market close on February 3. A conference call will be held to discuss on the results.
For the said period, Lumentum Holdings Inc. (NASDAQ:LITE) was looking to rake in revenues between $630 million and $670 million, with non-GAAP diluted earnings per share of $1.30 to $1.50, and non-GAAP operating margin of 20 to 22 percent.
In the first quarter of the year, Lumentum Holdings Inc. (NASDAQ:LITE) swung to a net income of $4.2 million from a $82.4 million net loss in the same period last year. Revenues jumped by 58 percent to $533.8 million from $336.9 million year-on-year, hitting the high end of its previous guidance.
Lumentum is one of the leading designers and manufacturers of innovative optical and photonic products enabling optical networking and laser applications worldwide. Its components and subsystems are part of virtually every type of telecom, enterprise, and data center network.
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