From Yahoo Finance: 2025-05-20 12:45:00

Wall Street indices were mixed on Thursday, with the Nasdaq down by 0.18%, Dow Jones up 0.65%, and S&P 500 rising by 0.41%. 10 companies surged due to strong earnings and mergers, including On Holding AG (ONON). ONON saw a 4.62% increase to $60.25 per share on a bullish outlook.

On Holding AG (ONON) expects 28% full-year sales growth compared to last year. Q1 net sales rose by 43% to CHF726.6 million, but net income decreased by 38% to $56.7 million. Goldman Sachs maintained a “hold” rating with a $64 target, while Needham raised their target to $62.

While ONON ranks 9th on the list of surging stocks, AI stocks are seen as having more potential for higher returns. One AI stock has gone up since 2025, unlike popular AI stocks that fell by 25%. For a promising AI stock trading at less than 5 times earnings, check out the cheapest AI stock.

Read more: Why On Holding AG (ONON) Surged Last Week