10 Firms Stand Out Amid Market Downturn

Pessimistic sentiment persisted on the stock market on Thursday as investors moved to sell off shares in an effort to minimize risks from uncertainties brought about by President Donald Trump’s continued tariff threats and policy shifts.

The Dow Jones plunged 1.01 percent, the S&P 500 declined 0.43 percent, and the tech-heavy Nasdaq lost 0.47 percent.

Amidst the overall market downturn, 10 companies stood out, clocking in double-digit gains during the trading session, thanks to a flurry of positive catalysts including strong corporate earnings results.

To come up with Thursday’s top performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

Stock market charts. Photo by Kaboompics.com on Pexels

10. Bausch Health Companies Inc (NYSE:BHC)

Bausch Health Companies Inc. (NYSE:BHC) saw its share prices rise by 10 percent on Thursday, a third consecutive day, to close at $7.18 apiece as investors cheered news of its strong earnings performance last year coupled with a bullish outlook this year.

In a statement, BHC said it achieved a 5.9-percent rise in net income attributable to the company of $430 million for the fourth quarter of 2024 from the $406 million registered in the same period in 2023, as revenue grew 6 percent to $2.559 billion from $2.408 billion year-on-year.

For the full year 2024, BHC narrowed its net losses by 92 percent to $46 million from $592 million in 2023, as revenues increased 9 percent to $9.625 billion from $8.757 billion year-on-year.

For this year, BHC expects revenues to settle anywhere between $9.9 billion to $10.15 billion—an outlook that was more bullish than the average analyst estimate of $9.95 billion.

9. Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) grew its share prices by 10.72 percent on Thursday to finish at $29.94 each as investors bought up shares following a strong earnings performance in 2024.

In a statement, CWAN said it swung to a net income attributable to the company of $419 million in the fourth quarter of 2024, reversing a net loss of $4.19 million in the same period last year, as revenues increased by 27 percent to $126 million from $99 million in the same comparable period.

Meanwhile, net income stood at $424 million for the full year, reversing a net loss of $21.6 million in 2023.

CWAN said the strong net earnings performance can be attributed to the release of its Deferred Tax Asset Valuation Allowance in the fourth quarter which resulted in a one-time income tax benefit in our income statement of $472 million.

Revenue, on the other hand, totaled $126.5 million, an increase of 27.7 percent from $99 million year-on-year, while revenue for the full year rose 22 percent to $451 million from $368 million year-on-year.