Monday was one of those days where the market indices told one story while individual stocks told quite another. The Dow Jones slipped around 200 points, but a surprising mix of companies across biotech, defense tech, and commodities posted some seriously impressive gains.

Defense Contract Sends Planet Labs Higher

Leading the charge was Planet Labs PBC (PL), which jumped 7% to $24.29 after announcing a multi-year, nine-figure agreement with the Swedish Armed Forces. It's the kind of defense contract that validates the company's satellite imaging technology and signals growing international demand for commercial space capabilities in military applications.

Biotech Companies Shine on Revenue Reports

The real action, though, was in biotechnology, where several companies posted explosive gains after releasing preliminary financial results that exceeded expectations.

Day One Biopharmaceuticals Inc (DAWN) led the biotech rally with a 24.7% surge to $11.15. The company reported preliminary 2025 OJEMDA net product revenue of $155.4 million, up 172% year over year. That's the kind of revenue acceleration that gets investors excited about a commercial-stage drug.

RxSight Inc (RXST) wasn't far behind, gaining 22.7% to $10.85 after announcing preliminary fourth-quarter revenue of $32.6 million. Meanwhile, Beam Therapeutics Inc (BEAM) rose 22% to $33.60 on news of its 2026 strategic priorities, alignment with the U.S. FDA on a potential accelerated approval pathway for BEAM-302, and preliminary estimated cash of $1.25 billion at the end of 2025.

Adaptive Biotechnologies Corp (ADPT) climbed 13.4% to $17.86 after reporting preliminary fourth-quarter revenue of $72 million and 2025 revenue of $277 million. Twist Bioscience Corp (TWST) gained 11.7% to $39.48 on preliminary fiscal first-quarter 2026 revenue of $103.7 million, up 17% year-over-year and ahead of guidance.

Zenas Biopharma Inc (ZBIO) surged 23.2% to $19.81, while Abivax SA (ABVX) gained 8.3% to $123.88.

Tech and AI Companies Join the Rally

The tech sector also had its winners. Tempus AI Inc (TEM) rose 9.2% to $72.40 after reporting preliminary 2025 revenue of around $1.27 billion, up 83% year-over-year. That's serious growth for an AI-driven precision medicine company.

Pure Storage Inc (PSTG) gained 9.4% to $73.30, riding momentum in the data storage sector.

Food and Beverage Gets a Boost

SunOpta Inc (STKL) gained 17.5% to $4.37 as the company raised its FY2025 sales guidance, suggesting stronger-than-expected demand for its plant-based food and beverage products.

Mining Stocks Benefit from Safe-Haven Flows

Precious metals miners caught a bid as commodity prices rallied on some unusual market dynamics. Coeur Mining Inc (CDE) gained 6.5% to $21.73, while Hycroft Mining Holding Corporation (HYMC) jumped 16.7% to $31.67.

The catalyst? Shares of precious metals traded higher as the price of the commodity rose after the Department of Justice opened a criminal investigation into Fed Chair Powell. Traders turned to safe-haven assets as the U.S. dollar weakened amid growing concerns about Federal Reserve independence.

Other Notable Movers

Wheels Up Experience Inc (UP) jumped 30.2% to $0.89, leading all gainers on the session. Zhihu Inc – ADR (ZH) shares rose 23.3% to $4.38, while Starfighters Space Inc (FJET) shares jumped 17.7% to $13.95.

Alibaba Group Holding Ltd – ADR (BABA) gained 8.1% to $163.11, continuing its recent momentum as Chinese tech stocks remain in favor with investors.

The breadth of Monday's winners tells an interesting story. While the major indices struggled, companies with specific catalysts—whether defense contracts, strong earnings, or commodity exposure—found plenty of buying interest. It's a reminder that in any market environment, individual stock stories can matter more than the broader tape.