We recently published a list of These 10 Companies Led Tuesday’s Charge. In this article, we are going to take a look at where DuPont de Nemours Inc. (NYSE:DD) stands against other companies that led Tuesday’s charge.
Wall Street’s main indices finished mixed on Tuesday, with the Nasdaq as the sole loser, as investors largely brushed off President Donald Trump’s tariff threats in hopes that countries would eventually reach a negotiated settlement.
Additionally, investors cheered signals from the Federal Reserve that a rate interest cut was not imminent, saying it would wait as necessary before implementing any rate adjustments.
The Dow Jones eked out a 0.28 percent gain, while the S&P 500 inched up 0.03 percent. The tech-heavy Nasdaq dropped 0.36 percent.
Ten companies on Tuesday led the charge amid a flurry of positive news sparking buying appetite. This article detailed the reasons behind their performance.
To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A closeup of a hand manipulating a complex piece of machinery in a semiconductor factory.
DuPont de Nemours Inc. (NYSE:DD)
Shares of DuPont increased by 6.85 percent on Tuesday, a second consecutive day, to end at $81.48 apiece as investor sentiment was buoyed by an optimistic business outlook for 2025.
In a statement on Tuesday, DD reported mixed results for its fourth quarter and full-year 2024 performance. In the past quarter, attributable net income rose 50 percent to $12 million from the $8 million registered in the same period last year, as net sales increased by 6.7 percent to $3.09 billion from $2.898 billion in the same quarter.
Meanwhile, attributable net income for the full year decreased 10 percent to $35 million from $39 million, despite net sales increasing by 2.6 percent to $12.386 billion from $12.068 billion year-on-year.
“I am pleased with our solid fourth-quarter results which capped off a strong year of financial performance and we look to carry this momentum into 2025,” said DD CFO Antonella Franzen.
DD also projected net sales for the first quarter of the year to settle at $3.025 billion, as well as operating EBITDA of about $760 million and adjusted EPS of approximately $0.95 per share.
Overall, DD ranks 5th on our list of companies that led Tuesday’s charge. While we acknowledge the potential of DD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as DD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.