Ten stocks registered whopping double-digit gains on Thursday, outperforming Wall Street’s main indices, as investors digested more strong corporate earnings for the third quarter of the year.
Meanwhile, Wall Street’s main indices all finished in the green, led by Nasdaq, up 0.89 percent, followed by the S&P 500, rising 0.58 percent, and the Dow Jones, growing 0.31 percent.
Indices aside, we spotlight the 10 companies that boasted between 11 to 19 percent gain in just a day and break down the reasons behind their gains.
To come up with the list, we focused on companies with more than $2 billion in market capitalization and 5 million shares in trading volume.
Photo by Tima Miroshnichenko on Pexels
10. Hexcel Corp. (NYSE:HXL)
Hexcel soared to a new all-time high on Thursday, as investors gobbled up shares ahead of its quarterly dividend payout, despite a dismal earnings performance and a lower growth outlook for the rest of the year.
In intra-day trading, Hexcel Corp. (NYSE:HXL) soared by as much as 16.6 percent to its highest price of $74.35 before paring gains to end the day just up by 11.31 percent at $70.95 apiece.
This followed announcements that it would pay $0.17 worth of dividends to all common shareholders as of the November 3 record, payable on November 10, 2025.
Meanwhile, Hexcel Corp. (NYSE:HXL) saw a 48.2 percent drop in its net profit in the third quarter of the year to $20.6 million from $39.8 million in the same period last year. Net sales also ended flat at $456.2 million versus $456.5 million year-on-year.
Earnings per share (EPS) fell by 46.9 percent to $0.26 from $0.49 in the same comparable period.
As key risks remain in the picture, including tariffs, inflation, and continued destocking, Hexcel Corp. (NYSE:HXL) said it expects to book $1.88 billion in sales for full-year 2025, marking the bottom end of its previous sales guidance of $1.88 billion to $1.95 billion for the year.
For next year, the company expects orders from commercial clients to pick up in line with their expansion plans.
“Once Airbus and Boeing hit their publicly announced peak build rates, Hexcel expects to benefit with an additional $500 million in incremental annual revenue from existing contracts. These increasing sales in 2026 and beyond will drive higher capacity utilization, unlocking the volume leverage that will fuel future margin expansion. With the incremental revenue, Hexcel is expected to generate more than $1 billion in free cash flow over the next four years,” Chairman, President, and CEO Tom Gentile said.
9. Darling Ingredients Inc. (NYSE:DAR)
Darling Ingredients grew its share prices by 11.41 percent on Thursday to close at $34.67 apiece as investors cheered its improved earnings performance in the third quarter of the year.
In an updated report, Darling Ingredients Inc. (NYSE:DAR) said its attributable net income jumped by 14.22 percent to $19.36 million from $16.95 million in the same period last year, as net sales grew by 9.8 percent to $1.56 billion from $1.42 billion year-on-year.
“Our core ingredients business continues to build momentum, driven by strong fundamentals across all segments,” Darling Ingredients Inc. (NYSE:DAR) Chairman and CEO Randall Stuewe said.
“We are on the heels of public policy developments that we expect to play out in our favor—reinforcing our unmatched position in the industry and our focus on delivering long-term value to shareholders,” he noted.
Darling Ingredients Inc. (NYSE:DAR) is a global ingredients company that repurposes and transforms animal by-products and food waste from the animal agriculture and food industries into a wide range of products, including animal feeds, crops, fertilizer, and renewable diesel, among others.
8. Las Vegas Sands Corp. (NYSE:LVS)
Las Vegas Sands jumped by 12.39 percent on Thursday to close at 56.89 apiece—just 2 percent shy of its 52-week high—as investors took heart from an impressive earnings performance, which also sparked a bullish analyst rating for its stock.
In a market note, investment firm Stifel raised its price target for Las Vegas Sands Corp. (NYSE:LVS) to $68 from $60, while maintaining a “buy” recommendation. The new figure represented a 19.5 percent upside potential from its latest closing price.
Stifel’s coverage followed the company’s earnings performance in the third quarter of the year, with attributable net income jumping 52 percent to $419 million from $275 million in the same period last year. Net revenues surged by 24 percent to $3.33 billion from $2.68 billion in the same comparable period.
Amid the strong performance, Las Vegas Sands Corp. (NYSE:LVS) announced that it would pay $0.25 worth of dividends to all common shareholders as of November 4, payable on November 12, 2025.
For next year, Las Vegas Sands Corp. (NYSE:LVS) said it approved a plan to raise its annual dividend rate to $1.20, or equivalent to $0.30 every quarter, to all its common shareholders.
7. Alcoa Corp. (NYSE:AA)
Alcoa Corp. snapped two straight days of losses on Thursday, jumping 12.59 percent to finish at $40.14 apiece, after more than doubling its net income in the third quarter of the year.
In an updated report, Alcoa Corp. (NYSE:AA) said attributable net income climbed by 158 percent to $232 million from $90 million in the same period last year, while revenues inched up by 3 percent to $2.995 billion from $2.904 billion year-on-year.
Despite the strong results, Alcoa Corp. (NYSE:AA) posted a cautious outlook for its business for the rest of the year amid the potential impact of tariffs on its operations as well as inefficiencies at its San Ciprian smelter.
An additional $70 million is expected to be incurred from a $50 million expected increase from aluminum imports from Canada and a $20 million expense from the said smelter.
Alcoa Corp. (NYSE:AA) also maintained its projections for segment production and shipments for both aluminum and alumina operations for the full-year 2025 period.
For aluminum, segment production and shipments are unchanged at a range of 2.3 to 2.5 million metric tons, and 2.5 to 2.6 million metric tons, respectively.
Meanwhile, outlook for alumina segment production and shipments remained at 9.5 to 9.7 million metric tons and 13.1 to 13.3 million metric tons, respectively.
6. Dow Inc. (NYSE:DOW)
Shares of Dow Inc. (NYSE:DOW) climbed by 12.95 percent on Thursday to end at $24.51 apiece despite a dismal earnings performance in the third quarter of the year, as investors took heart from lower-than-expected losses.
In an updated report, Dow Inc. (NYSE:DOW) clocked in a $0.19 loss per share, lower than the $0.30 as expected by analysts, on a net income of $124 million, a 48 percent drop from the $240 million in the same period last year.
Revenues ended at $9.97 billion, lower by 8 percent than the $10.88 billion in the same comparable period, as well as analyst expectations of $10.23 billion, amid a decline in all operating segments.
According to Dow Inc. (NYSE:DOW), the quarter saw a 1-percent dip in volumes year-on-year from its customers in Europe, the Middle East, Africa, and India, which was offset by gains in the US, Canada, and Asia Pacific.
“We remain on track to deliver more than $6.5 billion in near-term cash support, with over half already achieved. This includes a reduction in [capital expenditure] spending of $1 billion this year, as well as the accelerated delivery of our previously announced $1 billion in targeted cost reductions by the end of 2026,” said Dow Inc. (NYSE:DOW) Chairman and CEO Jim Fitterling.
Earlier this month, the company declared a cash dividend of $0.35 to all common shareholders as of November 28, payable on December 12, 2025.
5. Sandisk Corp. (NASDAQ:SNDK)
Sandisk rallied to a new all-time high on Thursday, as investors began loading portfolios ahead of the results of its quarterly earnings performance.
In intra-day trading, Sandisk Corp. (NASDAQ:SNDK) soared to its highest price of $167.95 before trimming gains to end the day just up by 13.68 percent at $167.05 apiece.
According to the company, it is scheduled to release the results of its first quarter financial and operating highlights for the fiscal year 2026 after market close on November 6, 2025. A live webcast will be held to elaborate on the results.
Last week, Sandisk Corp. (NASDAQ:SNDK) earned bullish ratings and price target upgrades from three investment companies.
Goldman Sachs gave the most bullish stance, raising its price target by 154 percent to $140 from $55 previously, while maintaining a “buy” recommendation.
Citigroup, for its part, raised its price target by 30 percent to $150 from $115 previously, similarly issuing a “buy” recommendation.
Meanwhile, Wells Fargo increased its price target for Sandisk Corp. (NASDAQ:SNDK) by 130 percent to $115 from $50 previously, but was only “equal weight” on the stock.
4. Transocean Ltd. (NYSE:RIG)
Transocean Ltd. extended its winning streak to a 5th straight day on Thursday, climbing 13.74 percent to close at $3.89 apiece as investors loaded positions ahead of the results of its earnings performance next week.
According to the company, it is scheduled to release its financial and operating highlights for the third quarter period after market close on Wednesday, October 29. A conference will be held to elaborate on the results.
Earlier, Transocean Ltd. (NYSE:RIG) announced plans to cut its debt portfolio by $700 million this year in a bid to reduce its liabilities and strengthen its balance sheet. As of last quarter, it said it was on track with the implementation of such an initiative.
In line with the plan, the company last week spent $100 million to buy back two types of notes—one with a 7 percent interest rate due 2028, and one with a 7.35-percent yield maturing in 2041.
Transocean Ltd. (NYSE:RIG) said it received a strong response from investors, with the total offer exceeding the programmed funds.
Of the said notes, Transocean Ltd. (NYSE:RIG) was only able to accept in full the $88.99 million offer from 2041 noteholders, while only 13 percent of the $120.63 million offer from the 2028 noteholders was subscribed.
3. D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave snapped a five-day losing streak on Thursday, jumping 13.81 percent to close at $31.06 apiece as investors gobbled up shares in quantum computing firms following news that they were in talks with the US government for a potential equity investment.
According to a report by the Wall Street Journal, D-Wave Quantum Inc. (NYSE:QBTS), alongside its listed counterparts IonQ Inc. and Rigetti Computing, were in negotiations with the Commerce Department for potential funding, in line with the Trump administration’s intervention in industries that it deemed critical to economic growth.
The report said that each firm was looking to get a minimum $10 million in funding. Other firms were also expected to vie for the funding.
The talks followed the government’s successful investment in lithium and rare earth companies, namely Lithium Americas and MP Materials, as it seeks to ramp up domestic production and reduce reliance on imports.
In other news, D-Wave Quantum Inc. (NYSE:QBTS) recently redeemed 5 million of outstanding warrants, which are exercisable for conversion into shares, cash, or both, until November 19, 2025.
If all warrants are exercised, approximately 7.2 million shares of common stock will be issued and are expected to result in less than 2.1 percent dilution to existing shareholders.
2. PBF Energy Inc. (NYSE:PBF)
PBF Energy soared by 15.67 percent on Thursday to close at $34.10 apiece, just a few cents shy of its 52-week high, as investors repositioned portfolios ahead of the release of its earnings performance for the third quarter of the year.
Next Thursday, October 30, PBF Energy Inc. (NYSE:PBF) is set to release its financial and operating highlights, alongside a conference call to elaborate on the results.
As one of the largest independent oil refiners in North America, the rally reflected strong optimism among investors as it stands to indirectly benefit from the growing energy demand in the US, thanks to the billion-dollar investments in power-hungry artificial intelligence data centers.
Earlier this year, PBF Energy Inc. (NYSE:PBF) said it targets to record between 865,000 and 915,000 barrels per day of total throughput for the third quarter period.
Meanwhile, it is looking to book more than $200 million in annualized, run-rate sustainable cost savings by year-end, and ramp up the number to $350 million by the end of 2026.
1. Garrett Motion Inc. (NASDAQ:GTX)
Garrett Motion soared to a fresh record high on Thursday, as investors took heart from an impressive earnings performance for the third quarter of the year, alongside a higher growth outlook and a dividend increase.
In intra-day trading, the stock soared to its highest price of $15.75 before trimming gains to end the day just up by 19.34 percent at $14.93 apiece.
In a statement, Garrett Motion Inc. (NASDAQ:GTX) said it was able to grow its net income by 48 percent to $77 million from $52 million in the same period last year, on the back of a $20 million jump in gross profit, $8 million lower interest cost, and a $2 million increase in non-operating income.
Net sales, on the other hand, rose by 9.2 percent to $902 million from $826 million year-on-year, primarily driven by higher demand in gasoline and diesel, a favorable currency impact, and recoveries on enacted import tariffs.
Encouraged by the results, Garrett Motion Inc. (NASDAQ:GTX) raised its full-year net income projection to a range of $265 million to $295 million, versus the $233 million to $278 million expected previously.
It also raised the lower-end of its net sales projection to now expect a record of $3.5 billion to $3.6 billion, versus the $3.4 billion to $3.6 billion previously.
In other developments, Garrett Motion Inc. (NASDAQ:GTX) announced a $0.02 increase in dividends to $0.08 to each holder of common shares as of December 1, payable on December 15, 2025.
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