10 Stocks Firm Up Amid Cautious Trading

4. Hanesbrands Inc. (NYSE:HBI)

HanesBrands grew its share prices by 5.4 percent on Tuesday to close at $6.44 apiece, but shares appeared to be trading sideways over the lack of a clear catalyst to propel higher gains.

Just recently, HBI announced plans to raise as much as $1 billion from a loan facility in a bid to finance its outstanding 4.875 percent Senior Notes due 2026, other term loans, and related fees and expenses.

In addition, the company recently announced the resignation of its CEO, Steve Bratspies, by the end of the year or until a new successor is named. He will also exit from the company’s board of directors.

In its earnings release, HBI said it swung to a net loss of $12.88 million in the fourth quarter of 2024, reversing a $77.9 million net income posted in the same period a year ago. Meanwhile, net losses in full-year 2024 skyrocketed by 1,708 percent to $320 million from $17.7 million in 2023.

Revenues for the quarter grew 4.4 percent to $888 million from $850 million year-on-year, but revenues for full-year 2024 dipped by 3.6 percent to $3.507 billion from $3.639 billion in 2023.