A. O. Smith Corp, Spotify Technology S.A., International Paper Co made yesterday's list of top gainers.
Markets closed higher yesterday, as S&P 500 ended the session at 4,076.6 after a 1.46% gain. Dow Jones gained 1.09% and closed at 34,100.
More data out yesterday as United States ADP Nonfarm Employment Change (Jan) released today at 13:15 UTC with a figure of 106,000, while the previous figure was 253,000.
Yesterday was an exciting day for markets with several large cap stocks capitalising on the risk-on mood. Have a look at these Top Gainers:
International Paper | Up 10.66% to $41.82 yesterday
The US pulp and paper company traded at $41.82 yesterday, after making its biggest single-day jump of $4.03 (10.66%) since March 2020. The world's largest pulp and paper company has managed to gain 20.43% so far this year despite trading at lows around $31.5 previously. So far this year, it has been outperforming the S&P by 14.15%. The company's market cap currently stands at $14.87 billion with an average daily volume of 3.14 million shares.
International Paper reported earnings results yesterday, with EPS at 0.87 and revenues at $5.13 billion; these results are mixed when compared to a consensus of 0.69 Earnings Per Share and $5.19 billion revenue. Since the release of its earnings report, International Paper gained 10.66%.
+9.42%: pre-market trading leads PulteGroup to drop to $55.94 (a 1.67% change) after ending yesterday at $56.89
The residential home construction company topped out at $56.98 having ended yesterday at $56.89. However, despite early momentum, the stock gave up its gains to now trade at $56.89. PulteGroup is currently trading with a market cap of $12.96 billion with an average daily volume of 2.17 million shares. So far this year, it has been beating the S&P 500 by 19.6%.
+13.67%: A. O. Smith closes at $67.7 after gaining 13.67%
The water heater manufacturer rose as high as $68.12 before giving up its gains and dropping back to $67.7 before the close on yesterday. A. O. Smith has a market cap of $10.34 billion with an average daily trading volume of 1.32 million shares. So far this year, it has performed better than the S&P by 11%.
+12.72%: Spotify gains 12.72% within $106.31 to $113.3 daily range
After closing yesterday at $112.72, the music streaming platform peaked at $113.3 before giving up early gains and closing at $112.72. The company has a market cap of $21.77 billion with an average daily volume of 2.20 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 34.04%.