Why Wayfair Inc. (W) Soared Today
We recently published a list of . In this article, we are going to take a look at where Wayfair Inc. (NYSE:W) stands against other stocks that soared by double digits today.
The stock market kicked off the trading week brimming with optimism after the US and China announced a tariff truce on each other's goods.
The tech-heavy Nasdaq booked the largest gains among the three major indices, rallying 4.85 percent. The S&P 500 followed with a 3.26-percent increase, and the Dow Jones, with 2.81 percent.
Over the weekend, the US and China reached a 90-day deal to lower tariffs on each other's imports. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China's tariffs on US imports will drop to 10 percent from 125 percent earlier.
Beyond the major indices, 10 companies finished the week stronger, booking double-digit gains during the day. In this article, we name Monday's 10 top performers and detail the reasons behind their strong performance.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
An elegant home décor with a stunning furniture piece, showcasing the company's premium online selections.
Wayfair saw its share price surge by 20.65 percent on Monday to end at $39.56 each as investor sentiment was fueled by the positive impact of the 90-day tariff truce between the US and China on the company.
It can be learned that the US and China over the weekend reached a 90-day deal to reduce levies on each other's goods. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China's tariffs on US imports will drop to 10 percent from 125 percent previously.
The truce spelled good news for the company, which sources a significant chunk of its products from China.
Late last year, analysts pointed to Wayfair Inc. (NYSE:W) as one of the firms that would significantly bear the brunt of higher tariffs between the two countries, saying that any further escalation would largely dent its profits and margins.
In recent news, Wayfair Inc. (NYSE:W) narrowed its net loss by 54 percent to $113 million in the first quarter of the year from $248 million in the same period last year, despite revenues ending flat at $2.73 billion.
Overall, W ranks 5th on our list of stocks that soared by double digits today. While we acknowledge the potential of W 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 W but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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