Ten stocks stood firmer on Thursday, defying a broader market bloodbath, thanks to more company-specific developments, including earnings and bullish coverage, among others. Of the firms in the list, three notably rallied to new record highs.
Meanwhile, all Wall Street indices finished in the red, led by the Nasdaq, down 2.29 percent, followed by the S&P 500, losing 1.66 percent, and the Dow Jones, down 1.65 percent.
Indices aside, we name the 10 top-performing stocks on Thursday and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and more than 5 million shares in trading volume.
A trader. Photo by Tima Miroshnichenko on Pexels
10. Baytex Energy Corp. (NYSE:BTE)
Baytex Energy extended its winning streak to a 7th consecutive session on Thursday to hit a new 52-week high as investors took heart from an investment firm’s bullish coverage for its stock.
During the trading session, the stock climbed to its highest price of $3.25 before trimming gains to end the day just up by 3.63 percent at $3.14 apiece.
In its market note on the same day, Raymond James Financial raised the stock to “outperform” from “market perform” alongside its price target, to C$5.50 from C$3.50 previously.
The revision followed Baytex Energy Corp.’s (NYSE:BTE) announcement that it would exit the US market with the divestment of its Eagle Ford assets for $3.25 billion and instead focus on its more robust Canadian operations.
“Monetizing our US Eagle Ford assets strengthens our balance sheet, supports capital allocation to our highest-return opportunities and positions us to deliver meaningful shareholder returns,” Baytex Energy Corp. (NYSE:BTE) President and CEO Eric Greager said.
The transaction is targeted to be completed by the end of the year or early next year, subject to closing conditions and regulatory approvals.
Baytex Energy Corp. (NYSE:BTE) said that it would return to a net cash position upon the deal’s closing, with a portion of the proceeds to be used to repay its outstanding credit facilities and notes due 2030.
9. Albemarle Corp. (NYSE:ALB)
Albemarle extended its gains for a 5th straight day on Thursday, as investors gobbled up shares following an investment firm’s marked price target upgrade for its stock.
At intra-day trading, Albemarle Corp. (NYSE:ALB) soared to its highest price of $119.28 before trimming gains to end the day just up by 3.85 percent at $114.57 apiece.
On the same day, investment firm UBS raised its price target for Albemarle Corp. (NYSE:ALB) by 25.9 percent to $107 from $85 previously, but maintained its “neutral” stance for the stock. However, the new target was 6.6 percent lower than the company’s latest closing price.
UBS’ upgrade followed Albemarle Corp.’s (NYSE:ALB) strong third quarter performance, where it narrowed its net loss by 85 percent to $160.7 million from $1.069 billion in the same period last year.
Adjusted EBITDA also grew by 6.7 percent to $225.6 million from $211.5 million.
Net sales, on the other hand, dipped by 3.5 percent to $1.3 billion from $1.35 billion year-on-year, primarily due to a 16 percent lower pricing in energy storage.
“Our team delivered strong third quarter results, with adjusted EBITDA up year-over-year despite lower lithium prices, demonstrating the strength of our business and disciplined execution,” said Albemarle Corp. (NYSE:ALB) Chairman and CEO Kent Masters.
“Our successful implementation of cost and productivity improvements and reduced capital expenditures coupled with our recent portfolio management actions underscore our commitment to long-term value and enhanced financial flexibility. We remain confident in our full-year outlook and ability to navigate dynamic markets,” he added.
8. Dow Inc. (NYSE:DOW)
Dow Inc. saw its share prices jump by 4.19 percent to close at $23.11 apiece as investor sentiment was boosted by its third-time inclusion in this year’s Fortune World’s Best Workplaces List.
In this year’s list, Dow Inc. (NYSE:DOW) moved two notches higher, landing at the 18th spot versus the 20th in 2024.
Commenting on the recognition, Dow Inc. (NYSE:DOW) Chairman and CEO Jim Fitterling said that the company’s people “are at the heart of everything we do.”
“This recognition reflects the trust our team places in one another, the collaborative spirit that drives us to deliver for our customers, and our shared values that unite us. In the face of challenges, that unity fuels our focus and strengthens the culture that makes Dow a great place to work,” he added.
The World’s Best Workplaces List is a collaboration between Fortune Media and Great Place to Work, which recognizes companies that demonstrate significantly higher levels of productivity, innovation, and agility than typical workplaces, and which result in greater revenue and stronger stock market performance.
The list surveyed over 9 million global employees who represent the experiences of more than 25 million employees worldwide.
Hilton topped the 2025 list, followed by DHL Express and Cisco in second and third place, respectively.
7. Cisco Systems, Inc. (NASDAQ:CSCO)
Cisco Systems propelled to a new 25-year high on Thursday as investor sentiment was bolstered by its strong earnings performance for the first quarter of fiscal year 2026, which exceeded its own expectations.
At intra-day trading, the stock soared to its highest price of $79.50 before trimming gains to end the day just up by 4.62 percent at $77.38 apiece.
In an updated report, Cisco Systems, Inc. (NASDAQ:CSCO) said net profit increased by 5 percent to $2.9 billion from $2.7 billion in the same period last year, while revenues jumped by 8 percent to $14.9 billion from $13.8 billion year-on-year, on the back of higher revenues from products and services, which jumped by 10 percent and 2 percent, respectively.
Total revenues also beat the company’s earlier guidance of $14.65 billion to $14.85 billion.
Diluted earnings per share, on the other hand, ended at $0.72, marking a 6 percent growth from the $0.68 previously and beating its previous outlook of $0.63 to $0.68.
For the full-year period, Cisco Systems, Inc. (NASDAQ:CSCO) raised its revenue outlook to a range of $60.2 billion to $61 billion from $59 billion to $60 billion guidance previously. For the second quarter alone, revenues are targeted to end at $15 billion to $15.2 billion.
6. LyondellBasell Industries NV (NYSE:LYB)
Lyondell jumped by 5.10 percent on Thursday to close at $45.52 apiece as investors repositioned portfolios following the successful raising of $1.5 billion in fresh funds through two debt offerings.
Along with its wholly owned subsidiary, LYB International Finance III LLC, LyondellBasell Industries NV (NYSE:LYB) said that it completed the issuance of two notes—one worth $1 billion due 2036 and another $500 million to mature in 2031.
The 2036 notes carry an interest rate of 5.875 percent, while those that will mature in 2031 would yield 5.125 percent per annum.
According to LyondellBasell Industries NV (NYSE:LYB), proceeds from the offer will be used for general corporate purposes, including the repayment of certain guaranteed notes due in 2026 and 2027.
In other news, LyondellBasell Industries NV (NYSE:LYB) reported a dismal earnings performance in the third quarter of the year, having incurred a $890 million net loss, reversing a $573 million net income in the same period last year due to $1.2 billion charges from non-cash asset write-downs, transaction-related costs, and discontinued businesses, among others.
Sales and other operating revenues also dropped by 10 percent to $7.7 billion from $8.6 billion year-on-year.
5. Tetra Tech Inc. (NASDAQ:TTEK)
Tetra Tech extended gains for a second day on Thursday, jumping 15.29 percent to close at $37.41 apiece as investors loaded portfolios ahead of its dividend payment for the quarter.
In a statement, Tetra Tech Inc. (NASDAQ:TTEK) said that it would distribute $0.065 worth of dividends for each share held by common shareholders as of the December 1 record date. The dividends, which are 12 percent higher year-on-year, are payable on December 12.
The dividends followed the results of Tetra Tech Inc.’s (NASDAQ:TTEK) earnings performance in the full fiscal year ending September 2025, where it incurred an attributable net income of $247.7 million, or a 26 percent drop from the $333.38 million in the same period last year.
However, attributable net income surged by 33 percent in the fourth quarter to $127.7 million from $96.15 million in the same comparable period.
Net revenues for the full fiscal year grew by 7 percent to $4.6 billion from $4.3 billion last year, while net revenues for the fourth quarter alone inched up by 1.7 percent to $1.16 billion from $1.14 billion.
For fiscal year 2026, Tetra Tech Inc. (NASDAQ:TTEK) targets net revenues of $4.05 billion to $4.25 billion, or an implied growth range of 5 to 11 percent year-on-year.
For the first quarter, net revenues are expected at $950 million to $1 billion.
“Looking forward to fiscal 2026 and beyond, we see increased demand for our high-end services to address the development of water-reliant infrastructure, including data centers and industrial manufacturing. Our high-voltage engineering practice has benefited from these projects with its backlog doubling in the fourth quarter. In addition, our front-end consulting services are critical to the expansion and protection of coastal and marine infrastructure for defense clients around the world,” said President Roger Argus.
4. Sealed Air Corp. (NYSE:SEE)
Sealed Air rallied to a new two-year high on Thursday, as investors gobbled up shares following reports that it is set to be acquired by investment firm Clayton, Dubilier and Rice (CD&R).
A report by Bloomberg, citing sources privy to the matter, said that Sealed Air Corp. (NYSE:SEE) is now in talks with CD&R for a possible deal.
While no agreement has yet been confirmed, the source was quoted as saying that any buyer could consider splitting Sealed Air Corp.’s (NYSE:SEE) food packaging and protective packaging units to unlock greater value.
In other news, Sealed Air Corp. (NYSE:SEE) earlier this month announced a strong earnings performance in the third quarter of the year, with net profit soaring 109.4 percent to $186 million from only $89 million in the same period last year, primarily driven by a $57 million special items income.
Net sales, however, ended flat at $1.3 billion as the 1 percent growth in the food segment was offset by a 1 percent dip in the protective unit.
Volumes and prices also decreased by 1 percent during the period.
Following the results, Sealed Air Corp. (NYSE:SEE) lowered the high-end range of its net sales guidance for the full year to $5.325 billion from $5.5 billion previously.
However, it raised the lower end range to $5.275 billion from $5.1 billion previously.
3. Firefly Aerospace Inc. (NASDAQ:FLY)
Firefly soared by 17 percent on Thursday to close at $21.42 apiece as investors cheered its higher revenue growth outlook for full-year 2025 despite posting a dismal earnings performance in the third quarter.
In an updated report, Firefly Aerospace Inc. (NASDAQ:FLY) said it now expects revenues to end between $150 million and $158 million, a marked increase from its previous outlook of $133 million to $145 million.
The new guidance was encouraged by a 37 percent jump in revenues for the third quarter of the year, at $30.78 million versus $22.37 million in the same period last year.
The figures brought its nine-month revenues to $102 million, or a 97 percent jump from the $51.76 million in the same comparable period.
“Our strong third quarter revenue growth reflects steady execution of our spacecraft teams on multiple contracts as well as progress made by our launch teams,” said Firefly Aerospace Inc. (NASDAQ:FLY) CEO Jason Kim.
“As we enhance our culture of safety, quality, and reliability, we are confident in our Alpha team to return us to flight safely,” he said.
However, Firefly Aerospace Inc. (NASDAQ:FLY) incurred $140.36 million net loss attributable to shareholders during the third quarter of the year, marking a 204 percent expansion from the $46.14 million year-on-year.
Net loss for the nine-month period also widened by 80 percent to $292.9 million from $162.88 million year-on-year.
2. Ondas Holdings Inc. (NASDAQ:ONDS)
Ondas Holdings climbed by 19.06 percent on Thursday to close at $6.56 apiece as investors took heart from the company’s strong earnings performance in the third quarter of the year.
In its financial statement, Ondas Holdings Inc. (NASDAQ:ONDS) said it narrowed its net loss attributable to shareholders by 17.7 percent to $8.78 million from $10.67 million in the same period last year, which included an increase of $2 million in interest and dividend income from the increased cash balance, as well as a $6.9 million unrealized gain on minority equity investments made during the third quarter.
Meanwhile, revenues soared by 582 percent to $10.1 million from $1.48 million year-on-year, on the back of ongoing deliveries of Iron Drone and Optimus systems under contracts with military and public safety customers, coupled with revenues from the recent Apeiro Motion acquisition.
Adjusted EBITDA loss increased by 23 percent to $8.76 million from $7.1 million.
Following the results, Ondas Holdings Inc. (NASDAQ:ONDS) raised its revenue outlook for the full year to $36 million from $25 million targeted previously, reflecting the continued strong performance of the core OAS business as well as the addition of newly acquired businesses since the beginning of the second quarter of 2025.
1. Cellebrite DI Ltd. (NASDAQ:CLBT)
Cellebrite soared by 20.73 percent on Thursday to close at $19.28 apiece as investor sentiment was bolstered by a stellar earnings performance in the third quarter of the year.
In an updated report, Cellebrite DI Ltd. (NASDAQ:CLBT) said it swung to a net income of $20.19 million from a $207 million net loss in the same period last year. Revenues hit the higher end of its previous guidance, jumping 17.7 percent to $126 million from $107 million year-on-year.
Adjusted EBITDA also grew by 20 percent to $37.7 million from $31.3 million year-on-year.
“We exceeded the high end of our prior adjusted EBITDA guidance with revenue at the high end of expectations and ARR at the midpoint. Our execution reflects the resilience, operating leverage and importance of our solutions to public safety around the globe,” said Cellebrite DI Ltd. (NASDAQ:CLBT) CEO Thomas Hogan.
“We remain enthusiastic about our prospects for renewed growth in this sector in 2026 as budgeting begins to flow, the government reopens, and as we achieve full cloud authorization through our sponsorship with the Department of Justice. Beyond our US Federal business, we are similarly optimistic about the pending expansion of our portfolio driven through a powerful combination of organic product development, partnerships and the close of our Corellium acquisition later this quarter,” he added.
For the full-year period, revenues are expected to grow between 17 to 18 percent to a range of $470 million to $475 million, while adjusted EBITDA is targeted to jump by 26 to 27 percent to $124 million to $127 million.
For the fourth quarter alone, revenues are pegged at $123 million to $128 million, or an implied growth of 13 to 17 percent year-on-year.
Adjusted EBITDA is expected to end at $35 million to $38 million, or a growth of 28 to 30 percent.
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