Large-Cap Stocks Soar: Delta Air, Moderna, Coinbase, and More Outshine in Portfolio Performance

Top large-cap stocks that gained last week include Venture Global (VG), SoFi Technologies (SOFI), Delta Air Lines (DAL), Unity Software (U), Moderna (MRNA), PTC (PTC), Rocket Lab (RKLB), Tapestry (TPR), Southwest Airlines (LUV), and Coinbase Global (COIN). These stocks were driven by factors such as landing a 20-year LNG deal with Germany, better-than-expected earnings, FDA approval for COVID-19 vaccine, and potential legislative changes.

Last week, several large-cap stocks saw significant gains driven by various factors. Among the top performers were Venture Global (VG), SoFi Technologies (SOFI), Delta Air Lines (DAL), Unity Software (U), Moderna (MRNA), PTC (PTC), Rocket Lab (RKLB), Tapestry (TPR), Southwest Airlines (LUV), and Coinbase Global (COIN).

Venture Global (VG) rose on the news that the company will supply an additional 0.75 million tonnes per annum of liquefied natural gas (LNG) to Germany-based distributor SEFE Energy GmbH [1]. This expansion follows Venture Global's recent 20-year sales and purchase agreement with PETRONAS [2] and the upgrade of its Calcasieu Pass Project to a ‘BBB-' credit rating by S&P [3]. The company is also on track to become the largest U.S. LNG company if its CP2 project is approved [4].

SoFi Technologies (SOFI) saw a notable increase in share price due to its impressive financial turnaround. The company's total revenues grew by 367% in four years, with net income reaching $498.7 million in 2024 and EBITDA turning positive at $234 million [5]. SoFi's forward P/E ratio is currently near 51.55, and its forward P/FCF ratio is at 25.65x, suggesting the stock may be slightly overvalued but still a hold for now [6].

Delta Air Lines (DAL) and Southwest Airlines (LUV) benefited from potential legislative changes and improved travel demand. Unity Software (U), Moderna (MRNA), PTC (PTC), and Rocket Lab (RKLB) also saw gains due to better-than-expected earnings, FDA approval for COVID-19 vaccines, and positive market developments.

Coinbase Global (COIN) experienced a surge in its stock price, driven by market sentiment and potential legislative changes.

References:
[1] https://stockanalysis.com/stocks/vg/
[2] https://finance.yahoo.com/news/sofi-technologies-sofi-bull-case-180613455.html
[3] https://stockanalysis.com/stocks/vg/
[4] https://stockanalysis.com/stocks/vg/
[5] https://stockanalysis.com/stocks/vg/
[6] https://stockanalysis.com/stocks/vg/