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We recently published a list of 10 Firms Lead Rally on Impressive Q1 Earnings, Optimistic Outlooks. In this article, we are going to take a look at where Carrier Global Corporation (NYSE:CARR) stands against other top performers on Thursday.
The stock market ended strong anew on Thursday, with all major indices finishing in the green territory, as investor sentiment was bolstered by a flurry of corporate earnings supported by better-than-expected performance from the technology giants.
The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.52 percent. The S&P 500 clocked in a 0.63-percent gain, while the Dow Jones was up by 0.21 percent.
Ten companies also mimicked the broader market optimism following impressive earnings performance and an optimistic outlook for the rest of the year.
In this article, we have identified the 10 top performers on Thursday and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
An engineer wearing a hardhat inspecting a newly-installed air conditioner system.
Carrier Global Corporation (NYSE:CARR)
Carrier Global rose for a fourth straight day on Thursday, adding 11.61 percent to end at $69.80 apiece as investors cheered its strong earnings performance in the first quarter of the year.
In a statement, Carrier Global Corporation (NYSE:CARR) said that net income attributable to shareholders surged by 53 percent to $412 million from $269 million reported in the same period last year, despite net sales dipping by 3.7 percent to $5.218 billion from $5.420 billion year-on-year.
Additionally, Carrier Global Corporation (NYSE:CARR) raised its full-year guidance amid an expected strong demand for its heating, ventilating, and air conditioning (HVAC) products and aftermarket repair services.
According to the company, it now expects full-year sales to settle at $23 billion, as compared with the range of $22.5 billion to $23 billion previously.
Adjusted earnings per share were also pegged at $3 to $3.10, or an expected growth range of 17 to 21 percent, as compared with the $2.95 to $3.05 or 15 to 20 percent growth targeted earlier.
Overall, CARR ranks 1st on our list of top performers on Thursday. While we acknowledge the potential of CARR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CARR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.