Ten stocks recorded whopping gains on Thursday, outperforming the lackluster performance of the broader market, as investors continued to place positions amid a flurry of corporate earnings releases.
Meanwhile, the tech-heavy Nasdaq and the S&P 500 both finished in the green, albeit up by only 0.18 percent and 0.07 percent, respectively. In contrast, the Dow Jones was down by 0.70 percent.
In this article, we highlight the 10 best-performing stocks on Thursday and break down the reasons behind their gains.
To compile the list, we focused exclusively on stocks with at least $2 billion in market capitalization and over 5 million shares in trading volume.
An investor looking at the stock market performance on a digital device.
10. Lufax Holding Ltd. (NYSE:LU)
Lufax Holdings extended its winning streak to a fourth straight day on Thursday, jumping 5.68 percent to close at $3.35 apiece as investor sentiment was bolstered by the company’s asset sale strategy to rid itself of non-performing loans.
Earlier this week, Lufax Holding Ltd. (NYSE:LU), through its subsidiary Ping An Consumer Finance, entered into an asset transfer agreement with Shenzhen China Merchants Ping An Asset Management for the sale of 469 million yuan worth of non-performing debts for a consideration of 36.44 million yuan.
The transfer of claims will effectively reduce the credit risk for Lufax Holding Ltd. (NYSE:LU), which announced earlier this year that it was able to narrow its total outstanding loans by 18 percent to 193.4 billion yuan from 235.2 billion yuan previously.
Lufax Holding Ltd. (NYSE:LU) is a dual-listed financial services company based in China, whose trading remains suspended on the Hong Kong Stock Exchange pending regulatory issues.
9. T-Mobile US, Inc. (NASDAQ:TMUS)
T-Mobile rallied for a fifth consecutive day on Thursday, adding 5.8 percent to close at $247.5 apiece after achieving an impressive earnings performance in the second quarter of the year.
During the period, T-Mobile US, Inc. (NASDAQ:TMUS) grew its net income by 10 percent to $3.2 billion from $2.9 billion in the same period last year, pushing its six-month figure up by 16.5 percent to $6.175 billion from $5.299 billion year-on-year.
Diluted earnings per share ended at $2.84, or 14 percent higher than the $2.49 year-on-year.
Total revenues also rose by 6.9 percent to $21.1 billion from $19.77 billion in the same period a year earlier, while postpaid net customer additions clocked in at 1.7 million.
Following the strong performance, T-Mobile US, Inc. (NASDAQ:TMUS) raised its growth outlook for the year, with postpaid net customer additions now expected to jump to between 6.1 million and 6.4 million, or an increase from prior guidance of 5.5 million to 6 million.
8. Nasdaq, Inc. (NASDAQ:NDAQ)
Nasdaq Inc. saw its share prices increase by 5.91 percent on Thursday to close at $93.50 apiece after reporting impressive earnings performance in the second quarter of the year.
In its earnings statement, Nasdaq, Inc. (NASDAQ:NDAQ) said net income during the period more than doubled to $452 million from $222 million previously, pushing its six-month figure higher by 86 percent to $847 million from $456 million previously.
Net revenues increased by 12 percent to $1.3 billion from $1.16 billion year-on-year, with the six-month figure up by 9.6 percent at $2.5 billion from $2.28 billion.
“Nasdaq’s financial results highlight the resilience of our business model and its ability to achieve exceptional revenue and earnings growth with strong free cash flow generation,” said Nasdaq, Inc. (NASDAQ:NDAQ) CFO Sarah Youngwood.
“We are executing well on our capital allocation priorities, including repaying debt, and have surpassed our gross leverage milestone 16 months ahead of plan. We will optimize for long-term investor returns as we make organic growth investments and balance further deleveraging with opportunistic share repurchases,” she added.
7. TMC the metals company Inc. (NASDAQ:TMC)
TMC the metals company rallied for a third consecutive day on Thursday, jumping 6.16 percent to close at $8.1 apiece as investors placed bets while waiting for updates on its application to mine in the controversial international waters.
It can be learned that TMC the metals company Inc. (NASDAQ:TMC), through its US subsidiary, submitted a license application with the United States to mine beyond the US waters—a jurisdiction that is regulated by the International Seabed Authority (ISA)—following an executive order from President Donald Trump to unleash America’s offshore critical minerals and resources.
The company is currently under fire, with critics saying it bypassed the ISA for originally being a Canadian firm, and with Canada a member of the organization.
Notably, the US is not a member of the ISA, giving it greater flexibility in pursuing such initiatives.
Based on its historical earnings reporting dates, TMC the metals company Inc. (NASDAQ:TMC) is set to announce the results of its financial and operational highlights in the second week of August 2025.
6. NuScale Power Corporation (NYSE:SMR)
NuScale Power extended gains to hit a new all-time high on Thursday as investors repositioned portfolios ahead of the release of its second quarter earnings performance.
At intra-day trading, NuScale Power Corporation (NYSE:SMR) rallied to a new record high of $52.86 before traders sold early positions to end the day just up by 6.65 percent at $51.03 apiece.
According to the company, it is scheduled to release its financial and operating highlights for the April to June period after market close on August 7, 2025.
Investors will be closely watching for any cues on deals with companies and updated business outlook following President Donald Trump’s signing of an executive order in May this year, which aims to quadruple the nuclear power industry in the US to 400 GW by 2050.
NuScale Power Corporation (NYSE:SMR), alongside the broader industry, currently earns a highly optimistic outlook from analysts, with the nuclear sector expected to be a key driver of the booming AI.
5. Albemarle Corporation (NYSE:ALB)
Albemarle grew its share prices by 6.84 percent on Thursday to close at $84.18 apiece as investors repositioned portfolios ahead of the release of its second quarter earnings results.
According to the company, it will announce its financial and operating highlights before market open on Thursday, July 31. An investor call will be held during the same day.
In the first quarter of the year, Albemarle Corporation (NYSE:ALB) registered an attributable net income of $41.3 million, higher by 1,620 percent than the $2.4 million in the same period last year.
Net sales amounted to $1.077 billion, marking a 20.9-percent decline from $1.360 billion year-on-year.
In other news, Albemarle Corporation (NYSE:ALB) said its board of directors has approved the distribution of quarterly dividends worth $0.405 for each common share.
The dividend rate, with an annualized rate of $1.62, is payable on October 1 to shareholders as of the September 12 record.
4. Deutsche Bank Aktiengesellschaft (NYSE:DB)
Deutsche Bank jumped for a fourth straight day on Thursday, adding 7.83 percent to close at $33.73 apiece following an impressive earnings performance in the second quarter of the year.
During the period, Deutsche Bank Aktiengesellschaft (NYSE:DB) said it swung to an attributable net income of 1.48 billion euros from a net loss of 143 million euros in the same period last year. The figure pushed its six-month net income higher by 188 percent at 3.26 billion euros from 1.1 billion euros year-on-year.
Total net revenues during the quarter also rose by 3 percent to 7.8 billion euros from 7.59 billion euros year-on-year, while in the first half, they jumped by 6 percent to 15.4 billion euros from 960 million euros.
“Despite a more challenging environment in the quarter, Deutsche Bank again delivered a post-tax RoTE (return on average tangible shareholders’ equity) of above 10 percent, demonstrating the strengths of our underlying business model,” said Deutsche Bank Aktiengesellschaft (NYSE:DB) CEO Christian Sewing.
“This puts us on track to meet our 2025 targets, and we are positioning our Global Hausbank to grow further, including further raising capital distributions to shareholders beyond 2025,” he added.
3. TechnipFMC plc (NYSE:FTI)
TechnipFMC extended its winning streak to a third consecutive day on Thursday, jumping 11.76 percent to close at $37.54 apiece as investors cheered its impressive earnings performance and growth outlook for the rest of the year.
In a statement, TechnipFMC plc (NYSE:FTI) said it was able to grow its net income by 44.5 percent to $269.5 million in the second quarter of the year from $186.5 million in the same period last year.
Revenues also rose by 9 percent to $2.5 billion from $2.3 billion year-on-year.
Commenting on the performance, TechnipFMC plc (NYSE:FTI) Chairman and CEO Doug Pferdehirt underscored the company’s $2.6 billion of Subsea inbound in the quarter, representing a diverse set of awards.
“The uniqueness and diversity of our order book give us continued confidence that we will reach our three-year goal of $30 billion of Subsea inbound by the end of this year,” he noted.
2. Bloom Energy Corporation (NYSE:BE)
Bloom Energy extended its winning streak to a fourth consecutive day on Thursday, soaring 22.95 percent to close at $33.06 apiece, as investor sentiment was bolstered by its newly bagged deal to power AI data centers in the US.
In a statement, Bloom Energy Corporation (NYSE:BE) said it inked a deal with Oracle Corporation to deploy its fuel cell technology at the latter’s select cloud infrastructure centers.
Bloom Energy Corporation (NYSE:BE) said it will begin to deliver the technology within 90 days.
“Customers expect to run their AI workloads and new AI applications at peak performance. Bloom’s fuel cell technology will join OCI’s extensive energy portfolio, further supporting our cutting-edge AI infrastructure with reliable, clean power that can be quickly deployed and easily scaled,” said Oracle EVP Mahesh Thiagarajan.
Meanwhile, Bloom Energy Corporation (NYSE:BE) is scheduled to release the results of its second quarter earnings performance after market close on Thursday, July 31.
1. Accelerant Holdings (NYSE:ARX)
Insurance firm Accelerant Holdings saw its share price surge by 26.19 percent on its first day as a publicly listed company, underscoring strong investor confidence in its stock.
In intra-day trading, Accelerant Holdings (NYSE:ARX) rallied by as high as 40 percent to hit $29.45 from its initial public offering price of $21, before paring gains to end the day at $26.5 apiece.
The company was able to raise $724 million from its IPO, covering 34.5 million shares. The offering consisted of 20.28 million common shares from Accelerant Holdings (NYSE:ARX) and some 14.18 million shares from other existing shareholders.
They had earlier planned on selling 29 million shares at a price ranging from $18 to $20 apiece.
Accelerant Holdings (NYSE:ARX) said it will not receive any proceeds from the shares sold by existing shareholders.
Founded in 2018, Accelerant Holdings (NYSE:ARX) operates as an insurance marketplace connecting niche sellers with institutional investors.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.
Hedge Fund Resource Center