These 5 Stocks are Skyrocketing Today

In this article, we discuss the 5 stocks skyrocketing today. If you want to check out some other stocks gaining value on Monday, go directly to These 10 Stocks are Skyrocketing Today.

5. Jacobs Solutions Inc. (NYSE:J)

Number of Hedge Fund Holders: 25

Shares of Jacobs Solutions Inc. (NYSE:J) advanced nearly four percent before the opening bell today after announcing better-than-expected financial results for its fiscal fourth quarter. The technical professional services company reported adjusted earnings of $1.80 per share, up from $1.58 per share in the year-ago period.

Revenue came in at $3.9 billion, representing a surge of 8.2 percent over the same period of 2021. Analysts expected Jacobs Solutions Inc. (NYSE:J) to earn $1.77 per share on revenue of $3.82 billion.

Looking forward, Jacobs Solutions Inc. (NYSE:J) guided for adjusted earnings in the range of $7.60 – $7.90 per share for its fiscal year 2023. The midpoint of the guidance represents a jump of 12 percent on a year-over-year basis.

4. Restaurant Brands International Inc. (NYSE:QSR)

Number of Hedge Fund Holders: 27

Shares of Restaurant Brands International Inc. (NYSE:QSR) hit a new 52-week high of $68.18 this morning after Morgan Stanley upgraded the fast food holding company from “Sell” to “Hold.”

The research firm was primarily moved by the appointment of Patrick Doyle as the executive chairman last week. Analyst John Glass expects Doyle to unlock growth for the company. Glass also raised his price target for Restaurant Brands International Inc. (NYSE:QSR) from $56 per share to $71 per share.

Earlier this year, Restaurant Brands International Inc. (NYSE:QSR) appeared in the second-quarter 2022 investor letter of investment holding company Pershing Square. Here’s what the firm said:

“Restaurant Brands International Inc. (NYSE:QSR) ‘s franchised business model is a high-quality, capital-light, growing annuity that generates high-margin brand royalty fees from its four leading brands: Burger King, Tim Hortons, Popeyes, and Firehouse Subs.

QSR is investing in each of its brands to position them for sustainable, long-term growth. As Canada reopened, Tim Hortons’ same-store sales returned to growth during the quarter compared to pre-COVID levels, driven by growth across all dayparts, formats, regions and product categories aside from hot beverage…” (Click here to read the full text)

3. The J. M. Smucker Company (NYSE:SJM)

Number of Hedge Fund Holders: 38

Shares of The J. M. Smucker Company (NYSE:SJM) rose over three percent in the pre-market trading session today. The surge came after the food and beverage maker beat profit expectations for its fiscal second quarter and improved its outlook for the full year.

The J. M. Smucker Company (NYSE:SJM) earned $2.40 per share on an adjusted basis, crushing expectations of $2.18 per share. Revenue for the quarter jumped 7.6 percent on a year-over-year basis to $2.21 billion, beating estimates of $2.17 per share.

For its fiscal year 2023, The J. M. Smucker Company (NYSE:SJM) now expects adjusted earnings in the range of $8.35 – $8.75 per share, up from its previous outlook between $8.20 – $8.60 per share.

2. Domino’s Pizza, Inc. (NYSE:DPZ)

Number of Hedge Fund Holders: 52

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) rose to a nearly three-month high this morning after the pizza restaurant chain announced that it is adding over 100 Chevy Bolt EVs in select stores across the country.

Domino’s Pizza, Inc. (NYSE:DPZ) plans to deploy 700 additional EVs in the coming months. The company believes the EV fleet would save it from higher fuel costs, besides helping it in enticing more drivers.

Separately, investment management firm LRT Capital also discussed Domino’s Pizza, Inc. (NYSE:DPZ) in its recent investor letter. Here’s what the firm said:

“Domino’s Pizza, Inc. (NYSE:DPZ) is the world’s largest franchisor of pizza restaurants with over 13,800 locations in 85 countries. As for any restaurant operator, the key metric to consider for Domino’s Pizza is same-store-sales (SSS) growth. Growing same-store-sales are ultimately how a restaurant business increases earnings from its existing assets. The company continues to impress in this criterion with SSS having grown in the U.S. for 40 consecutive quarters, and an astounding 109 straight quarters internationally…” (Click here to read the full text)

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 112

Shares of The Walt Disney Company (NYSE:DIS) rallied over 10 percent before the opening bell today as investors cheered the return of former chief executive officer Bob Iger. The entertainment giant reappointed Iger as CEO on Sunday and the development came as a surprise for many.

Iger, who retired last year, will immediately replace the current CEO Bob Chapek. Iger has tons of experience as he has served The Walt Disney Company (NYSE:DIS) for more than four decades.

He plans to lead The Walt Disney Company (NYSE:DIS) for two more years. Nevertheless, Iger is returning at a time when the company is facing a lot of challenges. As of Friday’s closing, Disney stock was down more than 40 percent on a year-to-date basis.

Meanwhile, The Walt Disney Company (NYSE:DIS) is also preparing for cost cuts to steer through an uncertain economic environment. Moreover, the company’s latest quarterly financial report disappointed investors as both adjusted earnings and sales fell short of expectations.

You can also take a peek at 10 Best European Dividend Stocks To Invest In and 12 Best Consumer Staple Stocks.