This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.
Below are top 10 S&P 500 stock gainers for the week ended Jan. 23:
Moderna Stock Soars. This Has Sparked a Rally
Moderna is on a roll, with investors hopeful that positive results from a cancer vaccine trial can revive the pharma stock after a stagnant run.
Shares soared 16.5%% this week.
Moderna and Merck on Tuesday said that five-year data from a Phase 2b trial showed that the intismeran autogene vaccine, in combination with Merck’s immunotherapy Keytruda, had reduced the risk of relapse or death for melanoma patients.
Albemarle Stock Surges on Upgrade. Higher Lithium Prices Are Driving Shares
Albemarle shares surged 16.2% this week.
Albemarle has received five “Buy” upgrades recently, increasing the percentage of “Buy” ratings from 33% in November to 50%.
Lithium prices, driven by utility-scale battery storage demand, have risen to over $20,000 per ton from below $9,000.
Albemarle shares have increased by 124% over the past six months, with the average analyst price target rising to $167 from $90.
Sandisk Continues Its Meteoric Rise
SanDisk’s stock jumped 14.6% this week, bringing its year-to-date gain to 99.6% and over 1,100% since its spinoff from Western Digital.
Citi reiterated a Buy rating for Sandisk, raising its price target to $490 from $280, citing strong demand and limited supply in memory and data storage.
The company sees strong demand driven by AI infrastructure needs and new chips like Nvidia’s Rubin.
AMD’s Stock Is Riding the Broad Excitement over Central Processing Units for AI Servers
As Intel’s stock comes under heavy pressure, shares of rival AMD are only getting hotter. The shares poped 12% this week.
AMD’s stock certainly hasn’t been doing badly lately: It cruised to a ninth consecutive day in the green on Friday, rising more than 27% over that span. But one analyst thinks that AMD is getting even more love as investors get a wake-up call about its competitor, whose shares had been doing better in recent weeks.
“Everything that [Intel] said on their call is very good for AMD,” Mizuho trading-desk analyst Jordan Klein said in a Friday note.
Micron Stock Trending as Analysts Eye AI Upside
Micron Technology shares jumped 10.2% this week.
William Blair initiated coverage of Micron Technology with an Outperform rating, forecasting a fair value of approximately $450 per share.
Analysts project Micron’s high-bandwidth memory revenue to increase by 164% in fiscal 2026 and 40% in fiscal 2027.
Micron’s adjusted earnings per share are expected to rise by 275% over the next two years, reaching $41.77 in fiscal 2027.
EQT Stock Gains on $3.7B Coller Capital Deal, Expands into Secondaries Market
Swedish private equity firm EQT Corp will buy British investment firm Coller Capital for $3.2 billion, the two companies said on Thursday, marking EQT's entry into the rapidly growing secondary market.
The secondary, or secondaries, market allows investors in private equity funds and private companies to sell investments to release capital. It has grown in popularity as the global backdrop of uncertainties and higher interest rates has made it harder to exit investments.
EQT shares gained 9.9% this week.
Datadog Shares Rally on Stifel Upgrade
Datadog shares rallied 9.3% this week.
The surge was triggered after analysts at Stifel upgraded the company to Buy, citing steady AI-related demand.
The firm highlighted an “attractive risk-reward” profile, predicting that Datadog will beat earnings expectations as cloud security spending remains resilient.
Bernstein also maintained its Outperform rating and $180.00 price target on Datadog.
Newmont Shares Rise as Gold Rally Fuels Record Performance
The world's largest gold producer, Newmont Mining, is riding a powerful wave of momentum as the precious metal's price approaches a historic threshold. Investor enthusiasm, driven by gold's ascent and the company's robust financial results, has propelled the miner's stock to consecutive peaks. The shares rose 8.9% this week.
A primary catalyst for Newmont's performance is the remarkable rally in gold itself. The commodity is currently trading near $5000 per ounce, marking an all-time high. Since the start of the year, gold has appreciated by 15%.
This environment directly benefits producers like Newmont.
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