Weekly Winners | Microchip Soars 23%; Dollar General Surges 21%; NXP Semiconductors Jumps 17%; Applovin up 15%; DoorDash, Salesforce Gain 13%

This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.

Below are the top 10 S&P 500 stock gainers for the week ended Dec 5:

Microchip Technology Raises Profit, Revenue Expectations for Third Quarter

Chipmaker Microchip Technology on Tuesday raised its expectations for third-quarter net sales and earnings per share, driven by strong bookings, sending its shares up.

The company now expects adjusted earnings per share of 40 cents, which is at the higher end of its earlier projected range of 34 to 40 cents per share.

Dollar General Lifts Outlook on Growing Demand

Dollar General said its lower-income customers are feeling increasingly stressed, as they are making more frequent shopping trips and buying fewer items per visit.

Despite some incremental pressures, though, consumers continue to spend on everyday items such as food and household supplies, as well as seasonal products, home decor and apparel. That resilience helped boost the discount retailer’s profit and sales during the third quarter and prompted the company to raise its full-year outlook.

DoorDash Stock Rises After Sequoia Partner Buys $100 Million in Shares

DoorDash, Inc. stock rose Monday after Alfred Lin, a managing partner at Sequoia Capital Operations, purchased approximately $100 million worth of the food delivery company’s shares.

Lin, who represents Sequoia, DoorDash’s second-largest investor, acquired roughly 514,000 shares across 11 separate transactions on November 25 and 26, according to a Securities and Exchange Commission filing released Friday.

The significant purchase by the Sequoia executive appears to have boosted investor confidence in the delivery platform. The transactions, totaling about $100 million, demonstrate substantial insider commitment to the company at current market levels.

Salesforce Shares Pop, Continuing Post-Earnings Rally and Pushing Stock to Best Week Since 2023

Salesforce.com shares popped on Friday, extending a rally that began after the company’s better-than-expected earnings report earlier in the week.

The stock climbed 13% over the past five days, its best weekly performance since December 2023.

The company reported adjusted earnings per share of $3.25, topping Wall Street’s estimates of $2.86 per share. Revenue increased 8.6% year over year to $10.26 billion but just missed analyst projections of $10.27 billion.

Although the artificial intelligence boom has pushed several tech companies into record surges, cloud software firms have seen a rocky year as investors wonder whether AI will render the industry obsolete.