Donald Trump Victory Week: These 10 Large Cap Stocks Were the Biggest Gainers

Lekha Gupta

November 12, 2024

These ten large-cap stocks performed best last week when Donald Trump won the 47th Presidential election.

Applovin Corporation (NASDAQ:APP) shares rocketed 82.27% after the company reported third-quarter results and several analysts raised the price forecast on the stock.
Tempus AI, Inc.’s (NASDAQ:TEM) stock jumped 49.03% last week. The company reported mixed third-quarter results and announced the acquisition of Ambry Genetics.
Coinbase Global, Inc. (NASDAQ:COIN) shares escalated 45.35%, probably as investors evaluated President-elect Trump’s crypto policies.
Astera Labs, Inc. (NASDAQ:ALAB) stock upped 42.57% after the company reported better-than-expected third-quarter results and several analysts raised the price forecast on the stock.
Palantir Technologies Inc. (NYSE:PLTR) shares surged 41.0% after the company reported better-than-expected financial results and issued guidance above consensus.
Axon Enterprise, Inc. (NASDAQ:AXON) stock rose 39.76% after the company reported third-quarter and issued guidance above estimates.
Doximity, Inc. (NYSE:DOCS) shares were up 39.29% after the company reported strong second-quarter results.
Tesla, Inc. (NASDAQ:TSLA) stock gained 32.28% on continued strength after Donald Trump won the 2024 presidential election. Strength may result from Elon Musk’s campaign support and anticipation that he may be part of the administration.
Robinhood Markets, Inc. (NASDAQ:HOOD) shares jumped 25.58% on Trump’s victory in the U.S. presidential election.
Reddit, Inc. (NYSE:RDDT) stock upped 23.64% following election results.

Photo via Shutterstock

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