We recently released a list 10 Unexpected Market Drivers - What drives double-digit growth? In this article, we will explore the position of Remitly Global Inc. (NASDAQ:RELING) against other top performing stocks on Thursday.
Stocks extended their winning streak Thursday as investors cheered Donald Trump's framework for a trade deal between the United States and the United Kingdom.
Among Wall Street's main indexes, Nasdaq High Technology has the highest appreciation, up 1.07%, followed by Dow Jones, up 0.62%, and the S&P 500 has risen 0.58%.
According to Trump, the Oval Office outlines the trade deal framework. Although imports from the UK will still retain a benchmark tariff of 10%, this may be the low end to reach with future countries.
"The final details are being written," Trump said. "We will get all the conclusions in the coming weeks."
Apart from the main indexes, 10 companies stand out, booking double-digit earnings in a range of new developments such as optimistic revenue guidance and impressive revenue performance. In this article, let’s explore Thursday’s 10 best performing stocks and elaborate on the reasons behind their earnings.
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A senior banker shakes hands with immigrant clients on the company's board.
Shares in Global shares rose 14.56% on Thursday, closing at $24.16 per person as investors responded positively to outstanding earnings performance in the first quarter of the year.
During this period, Remitly Global Inc. (NASDAQ: Dependence) lost $21 million in the same period a year ago, with net income of $11.35 million.
From $269 million registered year-on-year, revenue also increased by 34% to $361 million.
Further supporting optimism is that only 29% of active customers grew, which ultimately reached 8 million% compared to 6.2 million in the same period.
"This performance is driven by our deep and growing trust in us to deliver a fast, reliable and secure experience. As trust continues to grow, our capabilities are effective and profitable."
Following strong data, the company has boosted revenue outlook for the rest of the year, with revenue now expected to grow 25 to 26% to $1.574 billion to $1.587 billion, compared with the previous target of $1.565 billion to $1.58 billion.
Overall, rely on Ranked 9 On our list of the best performing stocks on Thursday. Although we acknowledge the potential of dependence as an investment, our belief lies in the belief that AI stocks have higher returns in a shorter time frame and do this in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for more promising AI stocks than relying on but trading for less than 5 times the price of their earnings, check out our report The cheapest AI stock.