The top 10 large-cap stocks in the last week were RIVN, CUK, FDX, IOT, SUZ, CVNA, FTAI, RDDT, MDB, and ALNY. Many analysts have raised their price forecasts for these stocks.
These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
- Rivian Automotive, Inc. RIVN shares surged 30.04% in the last week following a report suggesting the company has simplified its output, cut costs and announced plans for a joint venture with Volkswagen.
- Carnival Plc CUK stock gained 17.78% on continued strength following better-than-expected Q2 earnings.
- FedEx CorporationFDX stock soared 17.51% in the last week on better-than-expected Q4 financial results and guidance. Also, the company announced it expects to buy back $2.5 billion worth of stock in FY25. Several analysts raised the price forecasts on the stock.
- Samsara Inc. IOT stock advanced 16.37% after RBC Capitalreiterated an Outperform rating and maintained its price target of $47.
- Suzano S.A. SUZ shares rose 12.24% after it dropped the acquisition pursuit of International Paper Co.IP.
- Carvana Co.CVNA shares increased 11.93% after updating on its operating plan and capital structure at the William Blair 44th Annual Growth Stock Conference in early June.
- FTAI Aviation Ltd.FTAI stock gained 11.55% in the last week.
- Reddit, Inc.RDDT shares surged 11.08% after the company announced a policy update to block automated website scraping.
- Mongodb IncMDB stock gained 10.57% in the last week.
- Alnylam Pharmaceuticals, Inc.ALNY shares rose 10.82% amid possible continued strength after the company announced topline results from its HELIOS-B Phase 3 study of vutrisiran. Also, multiple analyst firms raised their price forecasts on the stock.