Against the current: Markets slid, yet Axon Enterprise, Inc., Donaldson Company, Inc., HEICO Corporation went up and made this list of yesterday's top industrials stocks gainers.
Leading equity indices in the US declined as Nasdaq was down 0.66% before closing the session at 11,379. S&P 500 shed 0.47% and closed at 3,951.39.
On the other hand, positive data was released earlier when United States Crude Oil Inventories beat the 457,000 projections, with 1.17 million.
Even though markets fell yesterday, some industrials stocks were bullish. Have a look at these Top Gainers from yesterday's session:
+10.36%: Axon Enterprise gains 10.36% within $203 to $221.31 daily range
The weapons manufacturer topped out at $221.31 having ended yesterday at $221.06. However, despite early momentum, the stock gave up its gains to now trade at $221.06. Currently, the electroshock weapon manufacturer has a market capitalization of $15.73 billion with an average daily trading volume of 984,510 shares. So far this year, it has performed better than the Nasdaq by 27.15%.
Axon Enterprise released its quarterly earnings report Tuesday, beating analysts estimates. The company reported earnings of 0.36 per share on revenue of $336.14 million, topping estimates of 0.08 per share on revenue of $305.35 million. Since the release of its earnings report, Axon Enterprise gained 13.38%.
Donaldson | Closed +3.98% at $65.77
The vertically integrated filtration company has fallen back around 3.83% from the significant high of $65.77 set a day ago. The Nasdaq has been doing worse in 2022, it has been passing it by 3.33%. The air filter producer's market cap currently stands at $8 billion with an average daily volume of 404,201 shares.
HEICO | Up 3.84% to $135.15 yesterday
Having soared to a high of $139.5 approximately 13 days ago, the niche aerospace company is now trading 6.7% lower. HEICO's market cap is currently $20.42 billion with an average daily trading volume of 265,152 shares.