10 Stocks Defy Market Optimism as Investor Caution Lingers

7. The Campbell’s Company (NASDAQ:CPB)

The Campbell’s Company declined by 2.85 percent on Wednesday to finish at $39.18 apiece as investor sentiment was weighed down by its pessimistic outlook for the second half of the year.

“Given the softness in some of our snacking categories, the anticipated sequential top-line improvement did not materialize during the quarter, and we now have a more muted second-half expectation,” said CPB CEO Mick Beekhuizen.

In the last three months ending January 26, 2025, CPB saw net income drop by 15 percent to $173 million from $203 million in the same period a year earlier despite net sales growing by 9 percent to $2.685 billion from $2.456 billion year-on-year.

In the first half of the fiscal year alone, net income declined by 10.5 percent to $391 million from $437 million while net sales grew 10 percent to $5.457 billion from $4.974 billion year-on-year.