These 10 Large Cap Stocks Shined Brightest Last Week (May 5-May 11, 2024): Are They In Your Portfolio?

Zinger Key Points
  • Toast Inc. had a strong week after strong Q1 earnings.
  • Teva Pharmaceutical gained more than 16% last week on schizophrenia drug trial data.

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

  1. Teva Pharmaceutical Industries TEVA shares surged 16.24% after the company reported mixed Q1 financial results and announced results from the efficacy portion of the Phase 3 SOLARIS trial of TEV-‘749 in adult patients with schizophrenia compared to placebo.
  2. Toast, Inc. Class A TOST shares increased 14.71% on strong first-quarter 2024 financial results, with revenue of $1.075 billion, beating the estimates of $1.041 billion. Several analysts raised the price target on the stock.
  3. Applovin Corporation APP shares were up 13.28% after the company reported better-than-expected Q1 financial results. Multiple analysts lifted price targets on the stock
  4. Vistra Corp. VST shares rose 13.25% after it announced that it would join the S&P 500, and a few analysts raised the price target on the stock.
  5. International Flavors & Fragrances, Inc. IFF shares rose 11.22% after the company reported strong first-quarter results and expected FY24 revenue to trend towards the higher end of its guidance range. Several analysts increased the price target on the stock.
  6. STERIS Plc (Ireland) STE shares grew 10.72% after the company reported better-than-expected Q4 financial results. The company announced a planned restructuring of its healthcare surgical business in Europe.
  7. Constellation Energy Corporation CEG shares increased 8.56% after it reported mixed first-quarter FY24 results. Some analysts raised the price target on the stock.
  8. Emerson Electric Company EMR shares increased 7.99% after it reported better-than-expected Q2 earnings and raised its FY24 guidance. Many analysts made changes to their price targets for the stock.
  9. Equinix, Inc. EQIX shares jumped 6.9% following mixed first-quarter FY24 earnings.
  10. International Paper Company IP shares upped 5.68%  following a report suggesting Suzano offered to acquire the company.

See Also: Last Week's Worst-Performing Stocks: Are These Large-Cap Stocks In Your Portfolio? (May 5-May 11, 2024)

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs
Posted In: NewsTop StoriesMoversBriefsStories That Matter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!