Why These Three Stocks Gained 8% or More
Investors will watch three stocks that gained 8.45% or more on Wednesday.Trane Technologies (TT) jumped by $29.87 to close at $383.31. The stock may break out of a downtrend that started last December. The firm posted a Q1 non-GAAP EPS of $2.45. Revenue increased by 11.7% Y/Y to $4.69 billion. TT stock is an attractive, outsized holding. The firm may navigate through the uncertain stock markets. Demand for cooling units in the data center, home, and commercial markets will continue to increase.The commercial HVAC market in the Americas is strong. The all-time record sales in Q1 have the momentum to continue in 2025.Seagate (STX) added 11.56% after posting Q3 results. Tariffs did not hurt the storage supplier’s business. EPS of $1.90 was on revenue of $2.16 billion, up by 30.1% Y/Y. In Q4/2025, Seagate does not expect much impact from global tariff policies.Qorvo (QRVO) gained 14.4% after posting Q4/2025 results on April 29. Benchmark upgraded the stock, describing the Q4 outlook as solid. The firm may achieve a 500 basis point gross margin increase. The firm is cutting its exposure to the mass market Android market, achieving efficiencies in manufacturing, and shifting toward sales to higher-margin defense and aerospace sectors.Qorvo benefits from its largest customer launching products this fall. Expect sales growth in antenna tuning and switches.
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