Ten companies boasted a strong performance on Wednesday with double-digit gains, defying a broader market pessimism, thanks to impressive earnings and bullish analyst ratings that sparked buying appetite.
In contrast, only the tech-heavy Nasdaq finished in the green among Wall Street’s main indices, rising 0.15 percent. In contrast, the Dow Jones was down by 0.38 percent while the S&P 500 declined by 0.12 percent.
In this article, we highlight the companies that outperformed Wednesday’s trading session and explore the reasons behind their gains.
To compile the list, we focused on stocks with more than $2 billion in capitalization and 5 million shares in trading volume.
A trader cheers his market gains. Photo by Tima Miroshnichenko on Pexels
10. Alignment Healthcare Inc. (NASDAQ:ALHC)
Alignment Healthcare saw its share prices grow by 10.36 percent on Wednesday to close at $13 apiece after exceeding its growth guidance across all key metrics for the second quarter and raising its outlook for the rest of the year.
During the second quarter period, Alignment Healthcare Inc. (NASDAQ:ALHC) swung to a net income attributable to shareholders of $15.67 million from a $24 million net loss in the same period last year.
Total revenues grew by 49 percent to $1.015 billion from $682 million year-on-year, while health plan membership ended at 223,700, up 27.8 percent year-on-year.
For the first half, Alignment Healthcare Inc. (NASDAQ:ALHC) recorded a $6.55-million net income, reversing a net loss of $70.5 million year-on-year, as revenues grew by 48 percent to $1.9 billion from $1.3 billion.
Looking ahead, the company is looking to increase its health plan membership to between 225,000 and 227,000 in the third quarter, and up to 229,000 to 234,000 by the end of the year.
Revenues for the current quarter are also pegged at $970 million to $985 million, while revenues for the full year were targeted to hit $3.885 billion to $3.91 billion.
9. Embraer S.A. (NYSE:ERJ)
Embraer SA grew its share prices by 10.54 percent on Wednesday to close at $54.83 apiece as investors repositioned portfolios ahead of the release of its second quarter earnings, with strong confidence supported by a new backlog milestone.
According to Embraer S.A. (NYSE:ERJ), it is set to release the results of its performance on Tuesday, August 5.
Prior to the release, the company announced recording as much as $29.7 billion in order backlog in the second quarter of the year—the highest level ever recorded by the company.
The figure was higher by 40 percent year-on-year, and 13 percent quarter-on-quarter.
Of the total, commercial aviation shared $13.1 billion, followed by executive aviation with $7.4 billion, services and support at $4.9 billion, and defense and security at $4.3 billion.
In terms of deliveries, Embraer S.A. (NYSE:ERJ) was able to book 61 aircraft during the second quarter, or a 30-percent increase from 47 jets delivered in the same period last year.
For the full-year 2025, Embraer S.A. (NYSE:ERJ) said it targets to deliver between 222 and 240 jets across commercial and executive aviation segments.
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