Three stocks that traded higher last Friday are still hot today. Charter Communications (CHTR) gained 11.43% on April 25 after posting first-quarter results. The firm is forecasting $12 billion in capital expenditures this year.
Charter grew its Spectrum Mobile lines by over 500,000 in Q1. The firm benefited from stronger customer growth, offsetting the Affordable Connectivity Program headwinds. CHTR stock has strong returns ahead as EBITDA growth of 4.8% continues this year.
VeriSign (VRSN) jumped to a 52-week high last Friday. The firm posted a GAAP EPS of $2.10. Revenue grew by 4.8% Y/Y to $402.3 million. VRSN stock is a good long-term holding. The company has a long track record of returning its excess cash to shareholders through dividends. In Q1, the firm added 770,000 net additions. Customers are consistently buying domain registration names.
Despite widely expected weak revenue and profits, Tesla (TSLA) rallied with an 18% weekly gain. Revenue fell by 9.2% Y/Y to $19.34 billion while average selling prices fell. The firm suffered from poor product mix and relied on sales incentives. However, the National Highway Traffic Safety Administration (NHTSA) announced a new automated vehicle framework on April 25. This cuts the red tape associated with approving self-driving.
Buyers also bet on TSLA stock when CEO Elon Musk told shareholders that the DOGE work is mostly done. He promised to allocate less time to DOGE and more to Tesla.
