The stock market suffered a bloodbath anew on Monday, with the Nasdaq plunging to its worst level in three years over concerns about the health of the US economy after the Trump administration acknowledged the possibility of a potential rough patch.
The tech-heavy Nasdaq fell the heaviest, down 4 percent, followed by the S&P 500, which declined by 2.7 percent. The Dow Jones, for its part, dropped by 2.08 percent.
Meanwhile, 10 companies managed to book modest gains, bucking the broader market caution. In this article, we have identified the names that led the charge and detailed the reasons behind their performance.
To come up with the list, we considered only the stocks with $2 billion in market capitalization and $5 million in trading volume.
Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels
10. Etsy Inc. (NASDAQ:ETSY)
Etsy grew its share prices by 3.95 percent on Monday to finish at $48.65 apiece as investors resorted to bargain-hunting following an all-time low the trading day prior amid the lack of catalysts to boost investing appetite and a series of conservative ratings from investment firms.
In its latest earnings release, ETSY said that it experienced lower gross merchandise sales and a decrease in the number of active buyers during the fourth quarter of 2024. Consolidated GMS declined by 6.8 percent to $3.7 billion, while GMS from its marketplace dropped 8.6 percent to $3.3 billion as a result of pressures on consumer discretionary product spending, challenging year-over-year comparisons in a shortened holiday season, category mix, and a highly promotional and competitive retail environment.
The number of active buyers also dropped 2.6 percent year-on-year, while the active seller count decreased 10 percent during the same comparable period.
Several analysts also gave the company a conservative outlook. Jefferies, for instance, assigned the company a “hold” rating and a price target of $55; Deutsche Bank downgraded ETSY’s rating to “hold” and cut its price target to $43.
9. Harley-Davidson Inc. (NYSE:HOG)
Harley-Davidson extended its winning streak for a fourth straight day on Monday, adding 4.02 percent to finish at $27.14 apiece as investors resorted to bargain-hunting after touching a new record low last week.
Over the past few trading days, HOG traded at low levels mainly due to a broader pessimistic sentiment as a result of the ongoing trade war and concerns about the further impact of tariffs on its already dwindling sales.
Last year, HOG reported disappointing earnings performance, with net income attributable to the company declining by 36 percent to $455 million last year from $707 million in 2023, while swinging to a net loss of $117 million in the fourth quarter from the $26 million net profit in the same period a year earlier.
Revenues for the full year also dropped by 11 percent to $5.187 billion from $5.836 billion, while revenues in the fourth quarter declined by 35 percent to $688 million from $1.05 billion.
