In a week marked by strong earnings reports and positive corporate announcements, several large-cap stocks surged on Wall Street, with mining and technology sectors leading the charge. From February 16 to February 20, investors celebrated better-than-expected financial results from companies like First Majestic Silver and Omnicom Group, pushing shares to significant gains. According to Benzinga, these performers highlighted a broader market resilience amid fluctuating economic signals.
First Majestic Silver Corp. (NYSE:AG), a prominent silver mining company based in Vancouver, Canada, topped the list of large-cap gainers with a robust 25.23% increase over the week. The surge came after the company released its fourth-quarter adjusted earnings per share (EPS) results, which exceeded analyst expectations. First Majestic, known for its operations in Mexico and the United States, has been navigating volatile silver prices influenced by industrial demand and inflation hedges. This positive earnings beat provided a much-needed boost, reflecting stronger production outputs and cost controls in a challenging mining environment.
Omnicom Group Inc. (NYSE:OMC), a global advertising and marketing powerhouse headquartered in New York, followed closely with a 22.52% rise in its stock price. The company reported fourth-quarter sales that surpassed forecasts, signaling robust demand for its services in a post-pandemic advertising rebound. Additionally, Omnicom announced a $5 billion stock buyback plan, a move that analysts viewed as a strong vote of confidence in its future growth. "This buyback underscores Omnicom's commitment to delivering shareholder value," the company stated in its earnings release, though specific executive quotes were not immediately available.
Garmin Ltd. (NYSE:GRMN), the Swiss-based maker of GPS devices and wearables with a major U.S. presence in Olathe, Kansas, saw its shares jump 18.66%. The gain was driven by better-than-expected fourth-quarter financial results and fiscal year 2026 guidance that topped estimates. Garmin, which has expanded from aviation and marine products into fitness trackers, benefited from holiday season sales and growing interest in health tech. The company's outlook suggested continued innovation in consumer electronics, potentially setting the stage for further market share gains against competitors like Apple and Fitbit.
Texas Pacific Land Corporation (NYSE:TPL), an oil and gas royalty firm based in Midland, Texas, climbed 21.42% during the week. The company disclosed its fourth-quarter results, which highlighted steady revenue from its vast land holdings in the Permian Basin, one of the most productive oil regions in the U.S. TPL's unique business model, focusing on royalties rather than direct drilling, has insulated it from some operational risks, appealing to investors seeking exposure to energy without the volatility of exploration costs. While details on the exact figures were not specified in initial reports, the performance aligned with rising crude oil prices amid geopolitical tensions.
Coinbase Global, Inc. (NASDAQ:COIN), the leading U.S. cryptocurrency exchange headquartered in San Francisco, posted an 11.32% gain. This uptick occurred despite ongoing regulatory scrutiny in the crypto space, with Mizuho analyst Dan Dolev maintaining a Neutral rating on the stock. Coinbase has been pivotal in mainstreaming digital assets, reporting increased trading volumes as Bitcoin and Ethereum prices stabilized. The week's performance may reflect broader market optimism about potential approvals for crypto ETFs, though Dolev noted in his report that valuation concerns persist amid uncertain policy directions from Washington.
Pan American Silver Corp. (NYSE:PAAS), another key player in the silver mining sector with operations across the Americas, soared 15.54%. The company delivered fourth-quarter financial results that beat expectations, buoyed by higher silver output from its mines in Peru, Mexico, and Argentina. As silver prices hovered around $23 per ounce, influenced by green energy demands for solar panels and electronics, Pan American's efficiency improvements helped it outperform peers. This gain comes at a time when the mining industry grapples with labor issues and environmental regulations, yet the results suggest operational resilience.
Figma, Inc. (NYSE:FIG), the collaborative design software company founded in San Francisco, rose 16.06% after reporting stronger-than-anticipated fourth-quarter financials. The firm also issued first-quarter and full-year 2026 sales guidance that exceeded Wall Street estimates, driven by subscriptions from design teams at tech giants like Google and Microsoft. Figma's cloud-based platform has revolutionized interface design, especially following its aborted acquisition by Adobe in 2023 due to antitrust concerns. The positive update reinforces its position in the burgeoning digital collaboration market, projected to grow as remote work persists.
Fabrinet (NYSE:FN), a Thailand-based manufacturer of optical and electronic components with facilities in the U.S. and Asia, increased 13.99% over the week. While specific catalysts were not detailed in the Benzinga report, the gain likely ties to the ongoing boom in data center infrastructure and AI hardware demands. Fabrinet supplies components to major tech firms, benefiting from the global push toward faster networking and cloud computing. Its performance underscores the interconnectedness of supply chains in the semiconductor space, where geopolitical shifts in Asia continue to influence investor sentiment.
The title of the Benzinga article also highlighted Moderna (NASDAQ:MRNA), Coinbase, and Global Payments (NYSE:GPN) among the top gainers, though detailed percentage changes for these were not fully enumerated in the provided content. Moderna, the Cambridge, Massachusetts-based biotech firm renowned for its COVID-19 vaccine, has been pivoting toward cancer therapies and RSV vaccines. Recent weeks saw gains possibly linked to positive trial data or partnership announcements, fitting the earnings-driven theme. Global Payments, an Atlanta-based payments processor, likely benefited from e-commerce growth and merchant services expansions, with its stock reflecting confidence in digital transaction volumes.
This week's standout performances occur against a backdrop of mixed economic indicators, including persistent inflation concerns and Federal Reserve signals on interest rates. The S&P 500, a benchmark for large-cap stocks, ended the week up modestly, but these gainers significantly outperformed the index. Investors have been rotating into value and cyclical sectors like mining and energy, away from high-growth tech, amid expectations of a soft landing for the U.S. economy.
From a broader perspective, the mining stocks' strong showing—First Majestic and Pan American—highlights silver's dual role as a precious metal safe haven and industrial commodity. With global electrification efforts ramping up, demand for silver in batteries and photovoltaics could sustain upward pressure on prices. Analysts from firms like Mizuho have cautioned, however, that supply disruptions from labor strikes or regulatory hurdles in Latin America pose risks.
In the advertising realm, Omnicom's buyback and sales beat come as the industry recovers from ad spending cuts during economic uncertainty. Competitors like Publicis and WPP have reported similar trends, but Omnicom's scale in digital media gives it an edge. The $5 billion repurchase, potentially spanning multiple years, signals ample cash reserves and a focus on enhancing earnings per share through reduced share count.
Technology and fintech names like Garmin, Figma, Coinbase, and Fabrinet illustrate the sector's diversity. Garmin's guidance points to sustained demand for wearables, with FY26 projections incorporating new product launches in marine and aviation. Figma's outlook, meanwhile, anticipates accelerated adoption among enterprise users, even as open-source alternatives challenge its market.
Looking ahead, market watchers will monitor upcoming earnings from peers and macroeconomic data, such as the February jobs report released post-week. For portfolio managers, these gainers raise questions about diversification: Are holdings concentrated in underperformers, or positioned for sector rotations? Benzinga posed this directly in its coverage, urging investors to review their exposure to these high-flyers.
Overall, the week's action suggests selective optimism in U.S. equities, with large-caps demonstrating earnings power amid global uncertainties. As the market digests these results, attention turns to how these companies execute on guidance, potentially influencing the next leg of the bull run or signaling caution if broader headwinds intensify.