7 Stocks That Screamed Higher Despite Tuesday's Major Sell-Off
The broad markets saw a huge sell-off in Tuesday’s session, marking one of the worst trading days of 2019 thus far. This downturn is singlehandedly the result of trade talks with China. The U.S. is planning on levying tariffs on Chinese firms, and while that might not be bad for the U.S., the retaliation and potential trade war surely would be.
Looking at the major indexes, the Dow closed down 1.8% at 25,965.09, the S&P 500 closed down 1.7% at 2,884.05, and the Nasdaq closed down 2.0% at 7,963.76.
Although this has been a negative day for the markets, some stocks managed to weather the storm and sail even higher.
24/7 Wall St. has taken a look at a handful of stocks that came out of Tuesday actually on top. We have included a recent trading history as well as a consensus price target and 52-week range.
SolarEdge Technologies, Inc. (NASDAQ: SEDG) shares made a massive gain as the result of record-setting revenues in its first-quarter report. Shares of SolarEdge were last seen up about 23% at $54.01, within a 52-week range of $32.42 to $70.74. The stock has a consensus analyst price target of $48.88.
Itron, Inc. (NASDAQ: ITRI) posted a solid earnings beat in the session but was still just short of its high. With the volume of about 2 million shares on the day, many traders missed or ignored this stock even though the volume was 6-times higher than normal. Shares of Itron were last seen up about 21% at $64.92, within a 52-week range of $44.35 to $68.00. The stock has a consensus analyst price target of $67.83.
NCR Corp. (NYSE: NCR) shares moved higher on news that the company was working with a financial advisor regarding takeover interest from private equity firms. Shares of NCR were last seen up about 9% at $31.00, in a 52-week range of $20.93 to $33.00. The stock has a consensus analyst price target of $34.83.
ServiceMaster Global Holdings, Inc. (NYSE: SERV) made it through Tuesday on the back of a strong earnings report. Shares of ServiceMaster Global closed up about 9% at $53.75, within a 52-week range of $34.28 to $56.50. The stock has a consensus analyst price target of $48.78.
American International Group, Inc. (NYSE: AIG) surged higher thanks to its solid earnings report. Imagine how good it might have been if the day was better for the Dow and the S&P 500. Shares of AIG were last seen up about 6% at $50.20, in a 52-week range of $36.16 to $56.36. The stock has a consensus analyst price target of $51.07.
Beyond Meat, Inc. (NASDAQ: BYND) shares are continuing to run after entering the market with a bang in its IPO. Shares of Beyond Meat closed Tuesday up 6% at $79.17, with a post-IPO range of $45.00 to $85.45.
Cray Inc. (NASDAQ: CRAY) surged higher after revealing a collaboration with AMD and the U.S. Department of Energy announced a new semiconductor. Shares of Cray closed up 14% at $29.97, with a 52-week range of $18.76 to $30.56. The stock has a consensus analyst price target of $32.00.