Against the current: Markets slid, yet TAL Education Group, Ollie's Bargain Outlet Holdings, Inc., Anheuser-Busch went up and made this list of yesterday's top consumer staples stocks gainers.
Leading equity indices in the US declined as Dow Jones was down 1.45% before closing the session at 33,849. After dropping 1.54%, S&P 500 closed at 3,964.
While price action maintains a negative bias, United States CFTC Crude Oil speculative net positions released yesterday at 19:30 UTC with a figure of 252,500, while the previous figure was 278,300.
Even though markets fell yesterday, some consumer staples stocks managed to go up. Have a look at these top gainers.
Anheuser-Busch | +2.79% at $58.17
Anheuser-Busch hit a significant low of $44.9 around a month ago, but has since recovered 26.04%. So far in 2022, it has been outperforming the S&P 500 by 10%. Anheuser-Busch is currently trading with a market cap of $117.46 billion with an average daily trading volume of 1.44 million shares. Anheuser-Busch expected revenue of $15 billion with an EPS of 77 cents.
TAL Education | +5.29% at $5.57
The Chinese education and tutoring company went up to $5.57, gaining 5.29%. Yesterday's trading volume was 4.72 million shares which is slightly under the 21-day average of 5.64 million.
Herbalife Nutrition | +1.24% at $17.19
Pronounced bullish sentiment in the market helped the multi-level marketing corporation to make a notable 1.24% gain yesterday, rising 19 cents and ultimately closing at $17.19.
Ollie's Bargain Outlet | +3.44% at $62.22
The discount closeout retailer chain went up to $62.22, gaining 3.44%. Daily trading volume (1.39 million shares) increased, making up 131% of the 21-day average (1 million).
Ollie's Bargain Outlet is scheduled to announce earnings results Thursday. The consensus EPS estimate is 0.41 and the consensus revenue estimate is $429.4 million.