4 stocks flourishing as top gainers despite bearish market mood

Against the current: Markets are down, yet Lam Research Corp, Shift4 Payments, Inc., Tuya Inc. go up and make this list of top gainers.

The leading indices were losing ground — S&P 500 drawing back 0.63% to 4,128.22. Nasdaq slipping 0.76% and closing at 12,064.

Amid the market gloom, United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million.

Markets are falling this session, but some technology stocks are registering gains. Take a look at today's positive market movers.

+4.21%: Applied Materials up 4.21%, trading around $115

After closing yesterday at $110.34, the manufacturing equipment, services and software provider went up to $116.33 only to drop back some of the way, and is now trading at $115. The company has a market cap of $97.18 billion with an average daily trading volume of 5.99 million shares. So far this year, it has been under-performing the Nasdaq by 0.46%.

Lam Research | +7.26% in mid-session

The wafer fabrication equipment supplier trades at $526.68 after it made its largest daily jump of $35.66 (7.26%) since Mar 29. The wafer fabrication equipment company is up 55.9% from the significant low of $314.95 it hit 6 months ago. So far this year, it has been beating the Nasdaq by 4%. The company is currently trading with a market cap of $71 billion with an average daily volume of 1.30 million shares.

Lam Research released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 7.4 per share on revenue of $3.87 billion, topping estimates of 6.54 per share on revenue of $3.83 billion. Since the release of its earnings report, Lam Research gained 6.32%.

Tuya is up 4.33% to $2.17, building on its four day of gains.

Tuya rallies 9 cents (4.33%) deep into the session, trading at $2.17. The cloud and management platform provider's market cap currently stands at $1.20 billion with an average daily trading volume of 387,314 shares. So far this year, it has been doing worse than the Nasdaq by 11.05%.

Shift4 | +5.97% in mid-session

Having soared to a high of $75.8 approximately 20 days ago, the secure payment processor is now trading 17.43% lower. Shift4's market cap currently stands at $5.50 billion with an average daily trading volume of 1.92 million shares. Shift4 expected revenue of $545.62 million with an EPS of 31 cents.