Ten stocks capped off the trading week, boasting strong gains and mirroring a broader market rally, on the back of more strong corporate earnings results that continued to spark buying appetite.
Notably, five out of the 10 firms rallied to new record highs.
Meanwhile, the tech-heavy Nasdaq led gains among Wall Street’s main indices, adding 0.98 percent, followed by the S&P 500 with a 0.78-percent jump, and the Dow Jones with a 0.4 percent increase.
Indices aside, we name the 10 companies that soared in Friday’s trading session 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.
A man in a black suit and holding a tablet, monitoring stock market data. Photo by Tima Miroshnichenko on Pexels
10. BigBear.ai Holdings, Inc. (NYSE:BBAI)
BigBear snapped a three-day losing streak on Friday, adding 8.02 percent to close at $7.14 apiece as investors repositioned portfolios ahead of the release of its earnings performance.
According to information on its website, BigBear.ai Holdings, Inc. (NYSE:BBAI) will announce its financial and operating results after the market close on Monday, August 11. An investor call will be held later that evening.
In recent news, BigBear.ai Holdings, Inc. (NYSE:BBAI) struck a partnership with defense company Defcon AI to collaborate on advanced, next-generation technologies to support military readiness.
In particular, the two companies will co-develop on-demand advanced modeling, simulation, and data integration solutions to support contested logistics, joint force sustainment, and readiness assessments across the global defense enterprise.
“Together, we will help deliver scalable, integrable solutions to the defense community’s most pressing logistics and readiness challenges from tactical operations at the Southwest border to strategic campaigns in the Indo-Pacific,” said BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Kevin McAleenan.
9. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)
Kratos Defense rallied to a new all-time high on Friday as investors cheered its higher growth outlook for full-year 2025, while taking heart from whopping price targets from investment firms.
At intra-day trading, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) touched a new 52-week high of $66.13, before a slight profit-taking pulled its share price lower to end the day just up by 8.12 percent at $63.88.
In its updated report, the company raised its revenue growth forecast for the full year to $1.29 billion to $1.31 billion, from the $1.26 billion to $1.285 billion previously, as it expects to benefit from the US government’s aggressive defense and security programs.
In its market report, Raymond James raised its price target for the company to $80 from $40 previously, while maintaining a “strong buy” recommendation” on expectations that it would grow its revenues to $2 billion over the next two years, reflecting an annual growth of more than 20 percent over the next five years, from only 10 percent at present.
In a separate report, Royal Bank of Canada upgraded its price target for the company to $65 from $50 previously, while reaffirming an “outperform” rating.
In the second quarter of the year, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) dropped its net income by 63 percent to $2.9 million from $7.9 million in the same period last year. Total revenues jumped by 17 percent to $351.5 million from $300.1 million year-on-year.
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