These 10 Stocks Defied Thursday’s Slump

The stock market ended in the red territory anew on Thursday following a fresh wave of uncertainties and reports of a looming government shutdown that rattled investors.

The Dow Jones dropped by 1.30 percent, while the S&P 500 and Nasdaq declined by 1.39 percent and 1.96 percent, respectively.

Meanwhile, investors took refuge in 10 companies, predominantly mining firms, to mitigate the risks from the macroeconomic threats.

In this article, we have listed the 10 strongest stocks and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.

A man in long sleeves looking at stock market data. Photo by Tima Miroshnichenko on Pexels

10. Hecla Mining Co. (NYSE:HL)

Hecla Mining extended its winning streak for the third consecutive day on Thursday, adding 3.59 percent to close at $5.77 apiece as the company continues to benefit from the favorable conditions for precious metals amid the ongoing trade tensions globally.

HL traded in line with higher gold prices, which, as of Thursday, was already nearing the $3,000 mark, ending at $2,982.87 per troy ounce.

The rally also came despite a downgrade in its price target to $7 from $8 by the Royal Bank of Canada. The bank, however, assigned the company an “outperform” rating.

Last year, HL posted an impressive earnings performance for both the fourth quarter and the full year of 2024. Net income attributable to shareholders in the quarter stood at $11.79 million, a reversal from the $43 million net loss in the same period a year earlier.

It also swung to a net income of $35 million from a net loss of $84.77 million in the same period a year ago.

9. Vodafone Group Plc (NASDAQ:VOD)

Vodafone grew its share prices by 3.17 percent on Thursday to end at $9.50 apiece as investors cheered news of its recent partnership with Nokia to expand its IP backhaul network.

In a statement, Nokia said it signed a three-year agreement with VOD to deploy its cutting edge IP/MLS solutions across multiple telecommunications circles in India.

As part of the partnership, Nokia will supply its latest portfolio of IP/MPLS products to improve network scalability, connectivity, and efficiency.

Meanwhile, VOD aims to densify its network with a significant deployment of IP routers and replace its legacy networks, which will then enable lower operational costs, faster deployment, and seamless scalability for future technologies, ensuring a more efficient and cost-effective network infrastructure.