10 Firms End Trading Week Defying Market Bloodbath

6. Newell Brands Inc. (NWL)

Newell Brands (NWL) bucked an overall market downturn on Friday, clocking in another gain for a fifth consecutive day—up by 0.88 percent to end at $10.28 apiece. Year-to-date, the company’s stock price registered a 17.62-percent increase.

Despite the lack of a clear catalyst to perk up its share price, analysts believed investor confidence was buoyed by the company’s positive outlook, with its CEO Chris Peterson announcing that a “transformation is well underway” for the firm and that it would leverage AI to grow its business.

“The macroeconomic backdrop is still uncertain, we are confident that the actions we are taking and the capabilities we are building are laying a solid foundation for the company’s future,” he said.

During the third quarter of the year, the company was able to slash its net loss by $20 million to $198 million.