Wall Street kicked off the trading week with soaring gains as investors cheered a sharp decline in oil prices, while technology stocks rebounded from last week’s selloff. The Nasdaq surged most, climbing 2.74 percent, followed by the S&P 500, which jumped 2.35 percent. The Dow Jones increased by 2.15 percent.
Meanwhile, 10 stocks led Monday’s highest-performing stocks, clocking 15 to 38 percent gains. In this article, we identified their names and break down the reasons behind their gains.
To come up with the list, we considered the stocks with more than $1 billion in market capitalization and 5 million shares in trading volume.
Photo by Mizuno K on Pexels
10. Intuitive Machines Inc. (NASDAQ:LUNR)
Intuitive Machines soared by 15 percent on Monday to close at $12.04 after being named by the National Aeronautics and Space Administration (NASA) as one of its contractors for its Commercial Lunar Payload Services 2 (CLPS 2) program.
In a statement on the same day, the listed firm said that it was tapped by NASA to help complete payload delivery missions such as orbital delivery, launch rideshares, surface mobility, precision landing, lunar-night survival, and payload operations, among others, sparking higher revenue prospects during the contract period.
CLPS 2 is a multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) contract with a combined ceiling of $10 billion across all awardees, potentially increasing to $15 billion if NASA exercises a five-year option.
The contract establishes a framework for NASA to procure commercial lunar delivery services over an approximately 10-year period through subsequent task orders with a potential five-year extension.
The selection builds on Intuitive Machines Inc.’s (NASDAQ:LUNR) six previous NASA CLPS task order awards, including two in 2026.
In March, NASA awarded the company a $180.4 million contract for its larger cargo-class Nova-D lunar lander, followed in June by an award valued at up to $148.3 million for a production line-qualified Nova-C lander.
In other news, Intuitive Machines Inc. is set to announce the results of its earnings performance for the third quarter of the year before market open on Thursday, November 12. A conference call will be held to elaborate on the results.
Earnings aside, investors are expected to watch out for the company’s updated outlook for full-year 2026, whether it reaffirms or updates its revenue guidance of $900 million to $1 billion for the said period.
9. The Trade Desk Inc. (NASDAQ:TTD)
The Trade Desk surged by 15.47 percent on Monday to close at $14.93 following a solid third-quarter earnings performance that strengthened investor optimism for revenue growth trajectory.
In an updated report, the advertising technology platform said that it raked in $736 million in revenues during the period, lower than the $739 million in the same period last year, but marked its third consecutive quarter of growth.
Net income, on the other hand, fell by 67 percent to $38 million from $116 million year-on-year.
Also on Monday, the company announced plans to boost its share buyback program to a total of $1 billion, after its board of directors approved an additional $731 million. The Trade Desk Inc. (NASDAQ:TTD) currently has $269 million available and authorized share repurchases as of the end of September 2026.
In other news, the company is set to welcome back one of its co-founders, Dave Pickles, who stepped down as chief technology officer in 2023.
In his new role, Pickles will be tasked with establishing and leading a new CTO council to provide direct guidance on the company’s core technology and product development roadmap and help shape the next generation of The Trade Desk platform, with a sharp focus on aligning technology strategy, architectural direction, operational excellence, and key engineering investments—including agentic capabilities and advanced AI-powered advertising workflows.
8. TMC the metals company Inc. (NASDAQ:TMC)
TMC the metals company saw its share price increase by 15.42 percent on Monday to finish at $2.62 apiece, as investors began positioning their portfolios ahead of the National Oceanic and Atmospheric Administration’s (NOAA) looming decision on its permit application to mine in the international waters.
This followed the company’s regulatory filing on the same day, informing that its US subsidiary, TMC USA, received a letter from NOAA stating that it will notify the deep-sea miner by mid-December whether it will approve its application for an exploration license and a permit to commercially recover minerals from the deep seabed.
TMC the metals company Inc. (NASDAQ:TMC) submitted an application with the US agency to mine two exploration areas—the USA-A covering 65,000 square kilometers of the ocean floor and the USA-B spanning 122,000km2.
The USA-A alone contains an estimated 619 million wet tons of polymetallic nodules and holds the potential to contain over 200 million tons through further application, while the USA-B contains an estimated 1.02 billion wet tons of nodules, sparking rosy growth prospects for the company if and when approved.
TMC the metals company Inc. is targeting offshore collection system commissioning by the fourth quarter of 2027. Further guidance about the permit application is expected when it holds its third-quarter earnings call after market close on Thursday, November 12.
7. Forgent Power Solutions (NYSE:FPS)
Forgent Power grew its share price by 16.02 percent on Monday to end at $22.60 as investors hunted for bargains after it touched a new 52-week low on Friday, while positioning portfolios ahead of its earnings release, which management indicated to be higher than expected.
Forgent Power Solutions (NYSE:FPS) is set to announce the results of its earnings performance in the first quarter of fiscal year 2027 before market open on Thursday, November 12. It earlier said that revenues and adjusted EBITDA “will exceed the high end of its previously provided guidance ranges.”
Management expected revenues to be in the range of $445 million to $465 million, while adjusted EBITDA was targeted at $90 million to $100 million.
For fiscal year 2027, revenues were projected to be anywhere between $2.4 billion and $2.6 billion, while adjusted EBITDA was targeted at $575 million to $625 million. Adjusted earnings per share were expected to be between $1.26 and $1.40.
Earnings aside, investors are likely to seek updates on the company’s leadership composition following the sudden resignation of Ryan Fiedler as the company’s chief finance officer last month.
Fiedler said that he was stepping down to allow more time with his family, but remained in an external consulting role. He was temporarily replaced by Amy Ard, the company’s executive vice president of Finance.
Ard has served as EVP for Finance since January this year, and is responsible for Forgent Power Solutions’ financial planning, reporting, treasury, and operational finance functions.
She has been part of the listed firm’s team since founding and played a central role in its initial public offering, including helping to establish the financial and governance processes required for a public company.
6. Coherent Corp. (NYSE:COHR)
Coherent Corp. extended gains for a second day on Monday, climbing 16.79 percent to close at $225.19 apiece, as investors continued to hunt for bargains following last week’s sharp fall, with sentiment supported by a wider market optimism.
The stock climbed alongside Wall Street’s three major indices, with the Nasdaq leading the charge, jumping 2.74 percent, followed by the S&P 500 increasing 2.35 percent, and the Dow Jones up 2.15 percent.
The rally was likewise supported by its strong earnings performance in the first quarter of fiscal year 2027, with attributable net earnings soaring 70 percent year-on-year to $385 million from $226 million, as revenues surged by 50 percent to $2.37 billion from $1.581 billion over the same period.
“As AI data centers transition from copper to optical connectivity, Coherent’s broad photonics platform and manufacturing scale position us to help customers meet rising needs for bandwidth and energy efficiency. We expect fiscal 2027 pro forma revenue growth to exceed 60 percent,” Coherent Corp. (NYSE:COHR) CEO Jim Anderson said.
For the second quarter ending December, Coherent Corp. is targeting revenues in the range of $2.55 billion to $2.75 billion. Earnings per share are projected at $2.28 to $2.48.
5. Firefly Aerospace Inc. (NASDAQ:FLY)
Firefly Aerospace rallied for a second day on Monday, jumping 17.10 percent to finish at $24.31 apiece after it was chosen by the National Aeronautics and Space Administration (NASA) as one of its contractors for its Commercial Lunar Payload Services 2 (CLPS 2) program, while investors positioned portfolios ahead of its earnings release.
In an updated report over the weekend, the listed firm said that it was selected anew as one of NASA’s vendors to support its $10 billion CLPS 2 program, under which it will deliver task orders to support the agency’s scientific, exploration, and infrastructure objectives on the lunar surface over a 10-year ordering period.
Designed to increase the cadence of commercial deliveries to the Moon, NASA’s CLPS 2 initiative is leveraging CLPS 1 successes with an emphasis on lander reliability, larger cargo landers, and the delivery of critical infrastructure required to establish and sustain a permanent Moon Base.
Firefly Aerospace Inc.’s (NASDAQ:FLY) new award followed its successful delivery of services in March 2025 via the Blue Ghost Mission 1 that successfully landed on the Moon.
“Blue Ghost Mission 1 proved Firefly can deliver on the Moon, and now CLPS 2 gives us the opportunity to do it again and again at greater scale,” Firefly Aerospace Inc. CEO Jason Kim said.
The company is also ramping up the production of its Blue Ghost landers and Elytra orbiters in support of the service delivery.
In other news, the listed firm is set to announce the results of its earnings performance for the third quarter of the year after market close tomorrow, November 10. A conference call will be held to elaborate on the results.
4. Warby Parker Inc. (NYSE:WRBY)
Warby Parker saw its share price jump by 18.56 percent on Monday to finish at $30.21 apiece, as investor sentiment strengthened on upbeat revenue prospects and anticipation surrounding the looming launch of an intelligent eyewear developed with its involvement.
Technology giants Samsung Electronics and Google are set to begin collecting preorders for their new artificial intelligence-powered glasses on Thursday, which were developed in collaboration with Warby Parker Inc. (NYSE:WRBY) and South Korean brand Gentle Monster.
The eyewear was built on Samsung’s hardware technology and Google’s Android XR platform and Gemini generative system to provide hands-free assistance through voice commands and visual recognition. It is equipped with a built-in camera to help recognize objects and surroundings in the user’s field of view and provide relevant information.
In other news, Warby Parker Inc. announced a strong revenue performance in the third quarter of the year, ending at $244.7 million, or 10.38 percent higher than the $221.68 million in the same period last year.
Active customers increased by 3 percent to 2.74 million, while average revenue per customer jumped by 6.7 percent to $342.
Net income, on the other hand, decreased by 4.6 percent to $5.603 million from $5.874 million, although its nine-month tally saw a 76 percent jump to $13.4 million from $7.59 million.
3. QXO Inc. (NYSE:QXO)
QXO Inc. rebounded on Monday, surging 19.20 percent to close at $13.78 apiece after hinting at reporting strong earnings for the third quarter of the year.
In its preliminary results, QXO Inc. (NYSE:QXO) said that it narrowed its net loss by 11.5 percent to $123 million from $139 million in the same period last year, as net sales jumped by 79 percent to $4.9 billion from $2.73 billion year-on-year.
The figures included results from its newly acquired companies, namely Kodiak Building Partners and TopBuild Corp., which it successfully took over on April 1 and July 1, respectively.
Official results are scheduled to be announced after market close on Thursday, November 12.
In other news, Chairman and CEO Brad Jacobs’ new $1 billion venture into a new company helped propel optimism for QXO Inc. and the broader industry.
According to Jacobs, he will invest through Jacobs Private Equity II, alongside minority co-investors, some $1 billion in CKX Lands—a publicly traded Louisiana-based landholding company that will be renamed and repositioned as a standalone acquisition platform.
He will remain as chairman and CEO at QXO Inc.. Further details about the purpose of the acquisition have yet to be divulged.
“The industry for my new venture is still to be determined,” Jacobs shared in a call with market analysts. “Once we close the investment, CKX will become a platform for growth, operating as a standalone public company under a new name.”
2. Fervo Energy Company (NASDAQ:FRVO)
Fervo Energy saw its share prices jump by 26.09 percent on Monday to close at $11.38 apiece, as investors resorted to bargain-hunting following last week’s steep fall, with sentiment supported by its strong revenues in the third quarter of the year.
In an updated report, the listed firm said that revenues more than doubled to $116 million from only $55 million in the same period last year, thanks to its contract volume. However, attributable net loss widened by 23 percent to $19.5 million from $15.79 million.
Reported net income stood at $11.7 million, reversing a net loss of $15.79 million year-on-year, thanks to $15.4 million in interest income and two non-recurring gains, namely an $11.8 million non-cash gain on interest rate swaps and a $29.9 million tax benefit from tax credits earned as Cape Phase I assets were placed in service.
The fourth quarter of the year would be a crucial point for Fervo Energy Company (NASDAQ:FRVO) as the first phase of the Cape Station reaches its first full quarter of revenues. The 33-megawatt GeoBlock 1 kicked off commercial operations on September 30, revenues of which are expected to be realized in the fourth quarter.
1. Greenfire Resources Ltd. (NYSE:GFR)
Greenfire Resources bounced back from a two-day loss on Monday, soaring 38.04 percent to finish at $7.73 apiece, after agreeing to be acquired by Strathcona Resources Ltd. for up to CAD$2.9 billion.
In a statement, Greenfire Resources Ltd. (NYSE:GFR) said that it signed a definitive agreement with Strathcona, under which the latter will acquire all its issued and outstanding shares in a combination of cash and shares.
Under the terms of the agreement, GFR shareholders may elect to sell each of their shares for 0.25 Strathcona shares, equating to $9.09 per GFR share, or a 15 percent premium over its closing price on November 6, prior to the announcement, or for $11 in cash, or a 39 percent premium over GFR’s closing price on Friday.
Neither the GFR share option nor the cash option will be subject to proration, allowing all Greenfire Resources Ltd. shareholders to receive their election in full.
Strathcona expects Greenfire Resources Ltd. leadership team to continue to lead day-to-day operations of Greenfire’s assets within a new Strathcona business unit—SCR Central Athabasca.
Colin Germaniuk, incumbent president of Greenfire, will serve as president of SCR Central Athabasca.
Strathcona said that the merger is expected to bring together two long-life oil sands and heavy oil companies.
Over the next five years, Strathcona and Greenfire each plan to grow production at an 11-12 percent CAGR through a combination of drilling to fill existing facilities and brownfield expansions.
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