The stock market kicked off the trading week on a mixed note, with two major indices ending in the green, as investors continued to digest more corporate earnings results.
Among the bellwether indices, only the Nasdaq ended in the red, dropping 0.10 percent. In contrast, the Dow Jones grew by 0.28 percent and the S&P 500 inched up by 0.06 percent.
Meanwhile, 10 companies mirrored a broader market optimism, as investors snapped up shares ahead of their first-quarter earnings performance in the next few days.
In this article, we have listed Monday’s best-performing stocks and detailed the reasons behind their gains.
To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume.
Stock market data shows an upward trajectory. Photo by Burak The Weekender on Pexels
10. CEMEX, S.A.B. de C.V. (NYSE:CX)
Cemex extended its winning streak for a fifth straight day on Monday, adding 4.56 percent to close at $6.19 apiece, as investors took heart from the company’s strong performance and its new CEO’s promise to deliver further profit growth and shareholder value.
In a statement, CX CEO Jaime Muguiro said that he will focus on operational efficiency and follow a disciplined capital allocation strategy. Through the “Project Cutting Edge” cost savings initiative, CX aims to save at least $150 million in recurrent annual EBITDA this year and $350 million by 2027.
The announcement followed CEMEX, S.A.B. de C.V.’s (NYSE:CX) strong earnings performance in the first quarter of the year, with its net income soaring by 189 percent to $734 million from $254 million in the same period a year earlier, driven mainly by the sale of its Dominican Republic operations.
Revenues, on the other hand, dipped by 1 percent to $3.6 billion from $3.9 billion amid higher prices that offset lower volumes.
9. Rivian Automotive Inc. (NASDAQ:RIVN)
Rivian Automotive rallied for a fifth consecutive day on Monday, adding 4.52 percent to close at $13.19 apiece as investors continued to buy shares ahead of the release of its earnings results next week.
According to the company, it is scheduled to release its key operational and financial highlights for the first quarter of the year after market close on May 6, 2025.
Further contributing to investor optimism was the company’s reaffirmation of its 2025 delivery guidance targets of 46,000 to 51,000 vehicles this year.
For March alone, Rivian Automotive Inc. (NASDAQ:RIVN) said that it was able to produce 14,611 vehicles at its manufacturing facility in Normal, Illinois, and delivered 8,640 vehicles.
In recent news, Rivian Automotive Inc. (NASDAQ:RIVN) secured $105 million in fresh funding for its newly spun-out business called Also Inc., which will focus on the development of small and lightweight vehicles.
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