Why FTAI Aviation Ltd. (FTAI) Went Up On Thursday?

We recently published a list of 10 Firms Stand Out Amid Market Downturn. In this article, we are going to take a look at where FTAI Aviation Ltd. (NASDAQ:FTAI) stands against other firms that stand out amid market downturn.

Pessimistic sentiment persisted on the stock market on Thursday as investors moved to sell off shares in an effort to minimize risks from uncertainties brought about by President Donald Trump’s continued tariff threats and policy shifts.

The Dow Jones plunged 1.01 percent, the S&P 500 declined 0.43 percent, and the tech-heavy Nasdaq lost 0.47 percent.

Amidst the overall market downturn, 10 companies stood out, clocking in double-digit gains during the trading session, thanks to a flurry of positive catalysts including strong corporate earnings results.

To come up with Thursday’s top performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A team of airline employees surrounded by flight deck controls, with a variety of aircraft outside.

FTAI Aviation Ltd. (NASDAQ:FTAI)

FTAI Aviation Ltd. (NASDAQ:FTAI) grew its share prices for the fourth consecutive day, adding 14.37 percent to close at $143.82 apiece, as investors cheered news of the company getting cleared from allegations from a short-seller claiming it reported misleading financials.

According to FTAI’s audit committee, with support from independent legal and forensic accounting advisors, Muddy Waters’ allegations were “without merit.”

“The Audit Committee and full Board continue to take seriously our responsibility to FTAI shareholders to maintain high standards of corporate governance and internal compliance and financial reporting controls, as well as transparent and timely disclosure,” said FTAI Audit Committee chairman Paul Goodwin.

FTAI said it expects to file its annual report on schedule, alleviating fears that the report might be delayed.

Overall, FTAI ranks 3rd on our list of firms that stand out amid market downturn. While we acknowledge the potential of FTAI as an investment, our conviction lies in the belief that 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 more promising than FTAI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.