Investing

6 Stocks That Avoided The Carnage On Thursday

Any time you have a stock market where the S&P 500 is down 40 points (2.07%) and the Dow Jones Industrial Average is down 334 points (1.97%), it is called a sea of red. All major sectors were lower on the day, and the move sets up investors what to think about for Friday ahead of the weekend. Well, how about the stocks which avoided the selling carnage?

24/7 Wall St wanted to find the well-known stocks that missed out on the selling. While not all of these were up big (or up in finality), investors who only owned these stocks would have never known that the market was in a state of panic through the day. While we covered the 4 DJIA stocks that tanked the DJIA the most and the stocks that hit 52-week lows on the day, these are the six stocks that missed the selling carnage on Thursday.

Jack in the Box Inc. (NASDAQ: JACK) barely lost out Thursday when it posted a minimal loss of 0.24% to $67.73. Jack in the Box made it above water likely due to its successful subsidiary Qdoba. Despite having multiple closures for the Qdoba chain, the company still has a positive outlook going forward. The company’s stock has a consensus analyst price target of $70.33 and a 52-week range of $38.94 to $69.28. It has a market cap of over $2 billion.

Pepsico, Inc. (NYSE: PEP) almost staved off a loss on the day but it closed barely down 0.39% to $93.57. The market might have had a bad day Thursday but Pepsi looked past that and raised its full-year earnings forecast. It reported its earnings today with a growth in revenues of 2% and an operating profit of 2%. The company’s stock has a consensus analyst price target of $98.60 and a 52-week range of $77.01 to $96.21. It has a market cap of $141 billion.

Hormel Foods Corporation (NYSE: HRL) recorded a minimal gain of 0.25% to $51.62 at the closing bell. Hormel is known as a defensive stock and it appears to have weathered the storm that was Thursday. The most basic reason why Hormel stayed afloat was perhaps the old smarty-joke – more buyers than sellers. The company’s stock has a consensus analyst price target of $53.57 and a 52-week range of $41.93 to $52.16. It has a market cap of over $13 billion.

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Alibaba Group Holding Limited (NYSE: BABA) closed the day up 0.55% to $88.79. Alibaba managed to not get its lunch eaten in the market Thursday. Actually, it invested $50 million in Peel which developed a smartphone app capable of turning the phone into a universal remote. This has a lot of potential but it is still yet to be seen what Alibaba has in store for it, but the company is so large that it may take more to move the needle. Perhaps investors are thinking the selling has abated, or maybe they are positioning ahead of analyst calls. Alibaba’s stock has a consensus analyst price target of $101.25 and a Post IPO range of $85.61 to $99.70. It has a market cap of roughly $218 billion.

SodaStream International Ltd. (NASDAQ: SODA) was up 1.61% to $21.46 at the close of regular trading. SodaStream was crushed earlier this week when it announced that its preliminary sales fell short of Wall Street expectations. Investors might have seen today that the stock was undervalued and took to buying it or this rally perhaps could have been just covering the shorts. The company’s stock has a consensus analyst price target of $32.43 and a 52-week range of $20.20 to $64.00. It has a market cap of $451 million.

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Qlik Technologies, Inc. (NASDAQ: QLIK) ended its trading day up 1.75% to $25.65. Despite the beating the market took today Qlik came out in the black. Thursday the company announced that it will partner with Fujitsu and integrate into its Big Data solution. The company’s stock has a consensus analyst price target of $30.57 and a 52-week range of $20.17 to $34.07. It has a market cap of around $2 billion.