These 10 Stocks Surprisingly Lead Gains While Wall Street Naps

While the wider market capped off the trading week in a lackluster note, ten stocks notably boasted strong gains, thanks to company-specific developments that sparked buying appetite. Brokerage companies notably dominated the top performers, while the rest were firms capitalizing on the booming artificial intelligence.

In this article, we highlight the names of the 10 stocks 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.

10. Futu Holdings Limited (NASDAQ:FUTU)

Futu Holdings ended the last trading day of the week gaining 7 percent to close at $160.57 apiece as investors took heart from an investment firm’s bullish rating for the company.

In its initial coverage, Barclays assigned an “overweight” rating on Futu Holdings Limited’s (NASDAQ:FUTU) stock with a price target of $176 or a 9.6-percent upside from its latest closing price.

Barclays underscored Futu Holdings Limited’s (NASDAQ:FUTU) strong position in the Asian market, and that its 20-25 percent growth in client base, assets under management (AUM), and revenues could continue and accelerate in the coming years, especially with its rapid expansion in Malaysia and Japan.

According to Barclays, Futu Holdings Limited (NASDAQ:FUTU) is comparable to brokerage giants namely Robinhood, Coinbase, Fidelity, and Charles Schwab.

Futu Holdings Limited (NASDAQ:FUTU) currently serves 2.7 million retail investors with AUM exceeding $100 billion.

9. NuScale Power Corporation (NYSE:SMR)

NuScale Power extended its winning streak to an eighth straight day on Friday to hit a new all-time high, as investors continued to place bets on stocks benefitting the AI boom, thanks to strong backing from President Donald Trump.

At intra-day trading, NuScale Power Corporation (NYSE:SMR) rallied to a new record of $50.88 and maintained in the $50 level toward the end.

Year-to-date, the company has already grown by 184 percent from its $17.93 closing price on the last trading day of December 2024.

On August 8, NuScale Power Corporation (NYSE:SMR) is set to release the results of its earnings performance for the second quarter of the year, where investors will be closely watching for any cues of deals with companies following Trump’s signing of an executive order in May that aims to quadruple the nuclear power industry in the US to 400 GW by 2050.