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Zoom Video, MicroStrategy And Target Were Among Top 11 Large Cap Gainers Last Week (Aug 18-Aug 24): Are The Others In Your Portfolio?

Author: Lekha Gupta | August 25, 2024 11:45am

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?

  1. CAVA Group (NYSE:CAVA) stock gained 25.55% in the last week on better-than-expected Q2 results and raised its FY24 adjusted EBITDA outlook. Also, multiple firms raised their respective price forecasts on the stock.
  2. Zoom Video Communications, Inc. (NASDAQ:ZM) shares jumped 19.90% after the company reported better-than-expected second-quarter results.
  3. Keysight Technologies Inc. (NYSE:KEYS) stock rose 14.29% after it reported better-than-expected third-quarter results.
  4. Toll Brothers, Inc. (NYSE:TOL) shares were up 14.05% after the company reported better-than-expected third-quarter results and issued FY24 EPS guidance above estimates. Many analysts increased the price target on the stock.
  5. MicroStrategy Inc.’s (NASDAQ:MSTR) stock gained 13.09% last week amid a rise in Bitcoin’s price.
  6. Workday Inc. (NASDAQ:WDAY) gained 13.05% on better-than-expected Q2 earnings and the approval of an additional $1 billion stock buyback.
  7. Builders FirstSource, Inc. (NYSE:BLDR) stock upped 12.09% following strong July new Home Sales economic data. The Fed’s indication of interest rate cuts also contributed.
  8. Korea Electric Power Corporation (NYSE:KEP) shares were up 10.59%.
  9. TopBuild Corp (NYSE:BLD) stock gained 9.92% in the last week, along with other homebuilder stocks that were up following strong New Home Sales economic data for July. Fed’s indication of interest rate cuts also played a part.
  10. Advanced Drainage Systems Inc. (NYSE:WMS) stock was up 9.87%, along with other construction and homebuilder stocks, following strong July new Home Sales economic data and the Fed’s indication of interest rate cuts.
  11. Target Corporation (NYSE:TGT) shares increased 9.75% after the company reported better-than-expected second-quarter results and raised its outlook. Several analysts boosted the price target on the stock.

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Posted In: BLD BLDR CAVA KEP KEYS MSTR TGT TOL WDAY WMS ZM


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