As Wall Street Roars, These 10 Stocks Outshine

5. Joby Aviation, Inc. (NYSE:JOBY)

Joby Aviation jumped by 11.76 percent on Monday to finish at $10.55 apiece following the successful takeoff test of its air taxi in Dubai.

In a statement, the Toyota-backed company said that it successfully completed a series of piloted, vertical-takeoff-and-landing wingborne flights in Dubai, marking the start of its commercial market readiness efforts in the region.

According to Joby Aviation, Inc. (NYSE:JOBY) its aircraft is designed to transport a pilot and up to four passengers at speeds of up to 200 mph, with minimal noise and zero operating emissions.

Upon full operations, Joby Aviation, Inc. (NYSE:JOBY) aims to introduce its commercial service at Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, and Dubai Downtown, with a designated takeoff and landing area already underway. Travel time between Dubai airport and Palm Jumeirah is also expected to reduce to only 12 minutes from 45 minutes at present.