We recently compiled a list of the Why These 10 Large-Cap Stocks are Skyrocketing. In this article, we are going to take a look at where Celestica Inc. (NYSE:CLS) stands against the other large-cap stocks.
On January 23, Mike Bailey, FBB Capital Partners director of research, appeared on CNBC where he shared his outlook on the large caps. Bailey was happy with how the macroeconomic conditions were looking for the United States, especially with the job growth, in 2025 and beyond.
He particularly remained confident that large caps were better positioned to report earnings growth than the small caps, especially when looking for long-term growth and expectations of exceeding goals.
Ten companies in diverse sectors such as the financials, healthcare, technology, and energy industries, locked in overall positive market gains due to supportive market conditions, macroeconomic environment, and growth potential. That said, let’s take a look at the 10 large-cap stocks that happen to be skyrocketing.
To come up with the 10 names, we only considered stocks with a market capitalization of more than $10 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the top 10 with the highest 30-day return from December 22, 2024, to January 22, 2025.
A close-up of a circuit board with components depicting the intricate electronic componentry products the company produces.
Celestica Inc. (NYSE:CLS)
30-day Return as of January 22, 2025: 25.9%
On January 22, CLS registered a 26% increase in its share price, reaching $122.8 apiece, up from $97.52 on December 22, 2024.
Celestica Inc. (NYSE:CLS) is an electronics company that is an emerging leader in reliability design, manufacturing solutions, and supply chain solutions. On January 8, RBC Capital raised its price target for CLS from $75 to $115, keeping an outperform rating on the shares. According to the analyst firm, CLS is positioned for a solid year of growth as per the company’s estimates and growing valuation.
In the third quarter of 2024, the company increased its revenue by 22% and raised its full-year revenue guidance from $9.45 billion to $9.6 billion. For the year 2025, Celestica Inc. (NYSE:CLS) expects revenue to reach $10.4 billion, registering incremental growth in its financial performance.
Overall CLS ranks 4th on our list of the large-cap stocks that are skyrocketing. While we acknowledge the potential of CLS as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CLS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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