Ten stocks stood firmer on Tuesday, while Wall Street lagged in performance, partly driven by robust earnings and a more optimistic growth outlook, among others.
In contrast, the Dow Jones was down by 0.46 percent, the S&P 500 fell 0.30 percent, and the tech-heavy Nasdaq declined by 0.38 percent.
In this article, we highlight the names of the 10 companies that outperformed in Tuesday’s trading session, and detail the reasons behind their gains.
To compile the list, we focused on stocks with more than $2 billion in capitalization and 5 million shares in trading volume.
Stock market charts. Photo by Kaboompics.com on Pexels
10. Welltower Inc. (NYSE:WELL)
Welltower grew its share prices by 4.85 percent on Tuesday to close at $165.96 as investors took heart from its impressive earnings performance and higher growth outlook for the rest of the year.
In its earnings release, Welltower Inc. (NYSE:WELL) said net income attributable to shareholders in the second quarter of the year grew by 18 percent to $302 million from $255 million in the same period last year, pushing its six-month figure up by 46 percent to $559.8 million from $381.9 million year-on-year.
Revenues for the quarter expanded by 40 percent to $2.5 billion from $1.8 billion, while revenues for the first half grew by 35 percent to $4.97 billion from $3.68 billion year-on-year.
Following the promising results, Welltower Inc. (NYSE:WELL) raised its full-year 2025 growth outlook on net income attributable to shareholders, now at a range of $1.249 billion to $1.3 billion, versus the $1.127 billion to $1.219 billion previously.
Diluted earnings per share are now pegged at $1.86-$1.94 as compared with $1.7-$1.84 previously.
9. Olin Corporation (NYSE:OLN)
Olin Corporation saw its share prices increase by 5.09 percent on Tuesday to close at $21.89 apiece as investors took path from several analysts’ revisions of price targets for the company.
Following the release of its earnings performance on Monday, Olin Corporation (NYSE:OLN) earned lower price targets and conservative ratings from two investment firms.
Investment firm Mizuho, for its part, reduced its price target for the company to $23 from $24 previously, while UBS lowered its price target to $22 from $23 previously.
However, both revised figures suggested an upside potential from Olin Corporation’s (NYSE:OLN) closing price of $20.89 on Monday, helping fuel the rally on Tuesday.
Despite the lower figures, both investment firms remained “neutral” for its stock.
In the second quarter of the year, Olin Corporation (NYSE:OLN) swung to an attributable net loss of $1.3 million from a $74.2 million net income in the same period last year, weighed down by higher expenses.
Sales, however, were higher by 7.3 percent to $1.76 billion versus the $1.64 billion year-on-year.
Hedge Fund Resource Center