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We recently published a list of 10 Firms Crushing the Market. In this article, we are going to take a look at where On Holding AG (NYSE:ONON) stands against other firms that are crushing the market.
The stock market finished the trading day on a mixed note, as investors continued to digest April inflation figures, which came out lower than expected.
On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, its lowest annual rate since February 2021.
Among Wall Street’s main indices, only the S&P 500 and the tech-heavy Nasdaq registered gains, by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent.
Beyond the major indices, 10 companies finished the session with strong gains amid a flurry of positive developments, including ratings upgrades and impressive corporate earnings, among others.
In this article, we name Tuesday’s 10 top performers and detail the reasons behind their rally.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A team of athletes showcasing the company's athletic footwear in an outdoor stadium.
On Holding AG (NYSE:ONON)
ON Holding AG grew its share prices by 11.83 percent to finish at $57.38 apiece as investors cheered the company’s bullish business outlook for the rest of the year.
In a statement, On Holding AG (NYSE:ONON) said it now expects its full-year net sales to grow by 28 percent.
“On continues to experience strong demand across channels, regions, and product categories. The company looks to further build on this global brand momentum with an exciting product pipeline for the rest of the year,” it said.
In the first quarter of the year, On Holding AG (NYSE:ONON) achieved a 43-percent increase in net sales in the first quarter of the year, at CHF726.6 million versus the CHF508.2 million in the same period last year.
This, however, failed to push its net income higher during the period, ending 38 percent lower at $56.7 million versus $91.4 million year-on-year.
On the same day, investment firm Needham also raised its price target for On Holding AG (NYSE:ONON), to $62 from $55 previously, while also recommending to buy the stock.
Overall, ONON ranks 8th on our list of firms that are crushing the market. While we acknowledge the potential of ONON 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 ONON but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.