10 Stocks Grow Firmer Despite Mixed Market Sentiment

8. Etsy Inc. (NASDAQ:ETSY)

Etsy snapped a three-day losing streak on Monday, adding 3.86 percent to end at $53.24 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuation.

Additionally, Needham & Company LLC’s report maintaining its “buy” rating for the company helped fuel investor sentiment on the back of a strong earnings performance last year.

According to ETSY, net income increased by 56 percent during the period at $129.9 million from $83 million year-on-year, while revenues inched up by 1.2 percent to $852 million from $842 million.

However, 2024 saw experienced lower gross merchandise sales (GMS) and number of active buyers for the company.

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-on-year comparisons in a shortened holiday season, category mix, and a highly promotional and competitive retail environment.