These 10 Stocks Soared by Double Digits Today!

2. Advance Auto Parts, Inc. (NYSE:AAP)

Advance Auto Parts soared by 57.04 percent on Thursday to close at $49.17 apiece as investors cheered the company’s maintained full-year outlook despite the threats of higher tariffs.

In its financial statement, Advance Auto Parts, Inc. (NYSE:AAP) maintained its guidance for net sales from continuing operations, between $8.4 billion and $8.6 billion, with same-store sales growth between 0.5 percent and 1.5 percent.

“The recently implemented tariffs have created a highly dynamic economic environment. Despite this, the team is staying focused on the turnaround and our path ahead. We are reaffirming our annual guidance based on performance to date, expected progress on our strategic initiatives for the balance of the year, and our planned mitigation actions for the tariffs currently in effect,” said Advance Auto Parts, Inc. (NYSE:AAP) President and CEO Shane O’Kelly.

In the first quarter of the year, Advance Auto Parts, Inc. (NYSE:AAP) reported a 41-percent increase in net income from continuing operations, at $24 million versus the $17 million registered in the same period last year.

Net sales, however, decreased by 6.8 percent to $2.583 billion from $2.772 billion year-on-year.