Ten stocks kicked off the first trading day of the month with significant gains, defying a mixed broader market, as investors digested a combination of corporate earnings, developments, and analyst coverage.
Of the 10 stocks, six notably climbed to fresh record highs.
Meanwhile, of Wall Street’s three major indices, only the Nasdaq and S&P 500 finished in the green, adding 0.46 percent and 0.17 percent, respectively. The Dow Jones dropped by 0.48 percent.
In this article, we highlight the performance of Monday’s 10 best performers 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.
Photo by Tima Miroshnichenko on Pexels
10. Antero Resources Corp. (NYSE:AR)
Oil and gas firm Antero Resources extended gains for a second day on Monday, jumping 7.21 percent to close at $33.14 apiece as investors took heart from the increasing prices of natural gas and an impressive earnings performance in the third quarter of the year.
As of writing, the benchmark Nymex index was up by 3.56 percent to $4.27/MMBtu over expectations of stronger demand for natural gas resources amid the upcoming winter season.
“Seasonal outlooks show an increased cold risk throughout the winter, which is working to keep pricing propped up,” Pinebrook Energy Advisors Managing Partner Andy Huenefeld was quoted as saying in a report by the Wall Street Journal.
Meanwhile, Antero Resources Corp. (NYSE:AR) last week announced that it swung to profitability, having incurred a $76.18 million net income in the third quarter versus a $35.3 million net loss in the same period last year.
Revenues also grew by 15 percent to $1.2 billion from $1.05 billion in the same comparable period.
Looking ahead, Antero Resources Corp. (NYSE:AR) is targeting full-year production to hit the upper range of its earlier forecast of 3.4 to 3.45 billion cubic feet equivalent per day (Bcfe/d), amid successful bolt-on acquisitions at its Marcellus acreage site in West Virginia for $260 million which supported higher production.
9. Bloom Energy Corp. (NYSE:BE)
Bloom Energy kicked off Monday’s trading hitting a new all-time high as investors hunted for energy shares, with the overall industry now preparing for a stronger demand amid increased use of heating for the winter season.
At intra-day trade, the stock climbed to a new 52-week high of $147.8 before paring gains to end the day just up by 7.73 percent at $142.37 apiece.
Last Friday, Bloom Energy Corp. (NYSE:BE) announced plans to upsize its planned convertible senior notes offering to $2.2 billion from $1.75 billion previously, as it seeks to raise more funds to finance research and development, manufacturing activities, and other general corporate purposes.
Under the terms of the issuance, noteholders would be able to convert their holdings to cash, shares, or a combination of both beginning August 15, 2030, until before the notes mature on November 30, 2030.
Every $1,000 note would be converted to 5.1290 Class A common shares, representing a 52.50 percent premium over its $127.85 closing price on October 30, 2025.
Also last week, Bloom Energy Corp. (NYSE:BE) said that it widened its net loss attributable to shareholders by 56 percent to $23 million from $14.7 million year-on-year, but was lower by 46 percent than the $42.6 million net loss in the last quarter.
Revenues grew by 57 percent to $519 million from $330 million in the same period last year, on the back of a 55.7 percent jump in product and service revenues during the same period.
8. Hut 8 Corp. (NASDAQ:HUT)
Hut 8 grew its share prices by 8.57 percent to close at $55 apiece as investors loaded portfolios ahead of the results of its earnings performance for the third quarter of the year.
According to the company, it is scheduled to release the results of its earnings performance before market open on Tuesday, November 4. A conference call will be held to discuss the financial and operating highlights.
In recent news, Hut 8 Corp. (NASDAQ:HUT) earned a 124 percent price target increase from Piper Sandler to $74 versus $33 previously, on optimism for its ongoing development of 1.5 GW of power across four sites in the US.
Piper Sandler noted that the share price has yet to reflect Hut 8 Corp.’s (NASDAQ:HUT) exclusive rights to build another 1.3 GW, suggesting further upside potential for the stock.
Hut 8 Corp. (NASDAQ:HUT) expects its platform to exceed 2.5 gigawatts of capacity under management across 19 sites.
7. Incyte Corp. (NASDAQ:INCY)
Incyte extended its winning streak to a third straight day to hit a new all-time high as investors took heart from an investment firm’s bullish coverage for its stock.
At intra-day trading, Incyte Corp. (NASDAQ:INCY) jumped to its highest price of $101.79 before trimming a few cents to end the day just up by 8.65 percent at $101.57 apiece.
This followed Guggenheim’s upgrade to a “buy” recommendation for its stock with a new price target of $125, or a 23 percent upside potential from its latest closing price.
The upgrade followed Incyte Corp.’s (NASDAQ:INCY) third quarter earnings results last week, where it quadrupled its net income to $424 million from $106 million in the same period last year. Revenues increased by 19 percent to $1.37 billion from $1.14 billion year-on-year.
For the full-year 2025 period, Incyte Corp. (NASDAQ:INCY) increased its revenue guidance to a range of $4.23 billion to $4.32 billion to account for higher demand for Jakafi and other hematology and oncology marketed products.
Jakafi, its oral prescription treatment for certain types of cancer, is expected to rake in revenues between $3.05 and $3.075 billion; while the hematology and oncology marketed products are expected to generate $550 to $575 million.
6. Peabody Energy Corp. (NYSE:BTU)
Peabody Energy extended its rally to a second day on Monday, adding 9.19 percent to close at $29.94 apiece as investors loaded portfolios ahead of the upcoming record date for its quarterly cash dividends.
Last week, Peabody Energy Corp. (NYSE:BTU) said its board of directors approved the distribution of dividends worth $0.75 per common share to all shareholders as of the November 13 record, payable on December 3, 2025.
The announcement followed the release of its earnings performance in the third quarter of the year, where it swung to a net loss attributable to shareholders of $70.1 million from an attributable net income of $101.3 million in the same period last year.
Revenues also dropped by 7 percent to $1.012 billion from $1.088 billion year-on-year.
Despite the weak results, Peabody Energy Corp. (NYSE:BTU) remained optimistic for its business for the full-year 2025 period, with volumes across all business segments expected to jump. Total volume for PRB US Thermal alone is expected to hit 84 million to 86 million tons; while seaborne thermal is targeted at a range of 15.1 million to 15.4 million tons. Seaborne metallurgical is projected to settle at 8.3 million to 8.5 million tons.
5. IREN Ltd. (NASDAQ:IREN)
IREN Ltd. soared to a new all-time high anew on Monday after securing $15.5 billion worth of new deals with technology giants Microsoft Corp. and Dell Technologies.
At intra-day trading, the stock climbed to a new 52-week high of $75.73 before trimming gains to finish the day just up by 11.52 percent at $67.75 apiece.
In a statement on Monday, IREN Ltd. (NASDAQ:IREN) said it secured a $9.7 billion five-year GPU cloud services contract with Microsoft, where it would provide the latter access to Nvidia Corp.’s GB300 GPUs.
Under the terms of the agreement, IREN Ltd. (NASDAQ:IREN) would deliver the GPUs in phases from its 750-MW campus in Childress, Texas. Microsoft would pre-pay 20 percent of the total contract.
Meanwhile, IREN Ltd. (NASDAQ:IREN) also entered into an agreement with Dell to purchase and ancillary equipment for approximately $5.8 billion.
In September this year, it successfully deployed 11,000 Nvidia Blackwell GPUs to its existing AI partners, with full operations targeted by the end of the year. Meanwhile, the remaining 12,000 GPUs are on track to be delivered by the end of the first quarter next year and generate $500 million in annualized recurring revenues (ARR) from AI alone.
The company is set to release the results of its earnings performance for the third quarter of the year after market close on Thursday, November 6.
4. Kenvue Inc. (NYSE:KVUE)
Kenvue saw its share prices jump by 12.32 percent on Monday to close at $16.14 apiece as investors loaded portfolios following news that it was set to be acquired by Kimberly-Clark for $48.7 billion.
In a statement, Kimberly-Clark said it entered into an agreement with Kenvue Inc. (NYSE:KVUE) for the acquisition of all its outstanding shares in a combination of cash and stock transaction.
Under the agreement, each Kenvue Inc. (NYSE:KVUE) shareholder would receive $3.5 per share in cash as well as 0.14625 Kimberly-Clark shares, for a total consideration to Kenvue shareholders of $21.01 per share, based on the closing price of Kimberly-Clark shares as of October 31, 2025.
Upon closing, current Kimberly-Clark shareholders are expected to own approximately 54 percent and current Kenvue shareholders are expected to own approximately 46 percent of the combined company on a fully diluted basis.
“Following the Board’s comprehensive review of strategic alternatives for Kenvue, we are pleased to have reached this agreement with Kimberly-Clark that delivers significant upfront value for our shareholders and substantial upside potential through ownership in the combined company. Bringing together Kenvue and Kimberly-Clark creates a uniquely positioned global leader in consumer health with a broader range of new growth opportunities ahead,” said Kenvue Inc. (NYSE:KVUE) Chairman Larry Merlo.
3. Lumen Technologies, Inc. (NYSE:LUMN)
Lumen Technologies ended two straight days of losses on Monday to climb to a new all-time high, as investors took heart from higher adjusted EBITDA growth outlook for full-year 2025 and plans to save $1 billion in costs annually.
In a statement late last week, Lumen Technologies, Inc. (NYSE:LUMN) said its multi-year transformation initiative to modernize and simplify costs to streamline network infrastructure, product portfolio, and IT systems is expected to deliver $1 billion in cost savings after 2027.
Meanwhile, the company reaffirmed its growth outlook for full-year 2025, with total adjusted EBITDA expected to hit $3.2 billion to $3.4 billion.
Capital expenditures were on track to hit $4.1 billion to $4.3 billion, as the company ramps up developments aimed at supporting the artificial intelligence industry.
Last quarter, Lumen Technologies, Inc. (NYSE:LUMN) widened its net loss by 319 percent to $621 million from $148 million in the same period last year on the back of higher expenses.
Meanwhile, adjusted EBITDA fell by 32 percent to $571 million from $843 million, while total revenues dipped by 4.16 percent to $3.087 billion from $3.221 billion year-on-year.
2. Amkor Technology, Inc. (NASDAQ:AMKR)
Amkor Technology rallied to a fresh record high on Monday, as investors took path from an investment firm’s bullish coverage for its stock.
In intra-day trading, Amkor Technology, Inc. (NASDAQ:AMKR) soared to its highest 52-week price of $38.22 before trimming gains to finish the day just up by 17.22 percent at $37.84 apiece.
In a market note, Aletheia Capital initiated a coverage on the stock with a “buy” recommendation and a price target of $62, marking a 64 percent upside potential from its latest closing price amid its strong position in the outsourced semiconductor assembly and test market.
Last week, Amkor Technology, Inc. (NASDAQ:AMKR) reported improved earnings performance in the third quarter of the year, having incurred an attributable net income of $127 million, or 3 percent higher than the $123 million in the same period last year.
Net sales grew by 6.7 percent to $1.987 billion from $1.862 billion year-on-year.
For the fourth quarter of the year, Amkor Technology, Inc. (NASDAQ:AMKR) expects to rake in $95 million to $120 million in net income, or diluted earnings per share of $0.38 to $0.48.
Net sales were also expected to hit $1.775 billion to $1.875 billion.
1. Cipher Mining Inc. (NASDAQ:CIFR)
Cipher Mining jumped to a new all-time high on Monday, as investors cheered its new $5.5 billion high-performance computing (HPC) agreement with Amazon Web Services (AWS) and its impressive earnings performance in the third quarter of the year.
At intra-day trading, the stock jumped to a fresh 52-week high of $25.11 before trimming gains to end the day just up by 22.04 percent at $22.76 apiece.
In an updated report, Cipher Mining Inc. (NASDAQ:CIFR) said it clinched a 15-year lease agreement with AWS for the delivery of some 300 MW of computing capacity starting 2026. The capacity will be delivered in two phases, in July and in the fourth quarter of the year, while the lease contract would commence in August 2026.
Meanwhile, Cipher Mining Inc. (NASDAQ:CIFR) announced stellar earnings performance in the last quarter, with net loss narrowing by 96 percent to $3.28 million from $86.75 million in the same period last year.
Operating loss also shrunk by 59 percent to $37.6 million from $91.4 million year-on-year.
Also on Monday, Cipher Mining Inc. (NASDAQ:CIFR) announced the formation of a joint entity to develop a 1-GW HPC campus in West Texas. It would own 95 percent of the stake in the joint venture firm, as well as shell out majority of the funds for the development.
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