Here’s What Fueled These 10 Firms’ Surge

8. Celanese Corporation (NYSE:CE)

Celanese Corp. grew its share prices by 9.56 percent on Tuesday to close at $49.05 apiece as investor sentiment was fueled by the company’s optimistic outlook for the second quarter of the year, saying it does not anticipate any direct impact from the ongoing trade war.

While it acknowledged the difficult demand environment amid the global trade and tariff uncertainties, Celanese Corporation (NYSE:CE) said that its global production network provides flexibility to manage most of the direct cost impacts of the current tariff conditions.

“Due to our mitigation preparations, we don’t anticipate direct tariff impact in the second quarter. We expect tailwinds as several non-recurring items from the first quarter do not repeat,” said Celanese Corporation (NYSE:CE) President and CEO Scott Richardson.

In the first quarter of the year, Celanese Corporation (NYSE:CE) swung to a net loss of $17 million from a net income of $124 million in the same period last year. However, the first quarter net loss was 99 percent lower than the $1.9 billion registered in the fourth quarter of 2024.

Net sales, on the other hand, declined by 8 percent to $2.39 billion from $2.6 billion year-on-year.