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April 20, 2023
Against the current: Markets are down, yet XPO Logistics, Inc., SuperCom Ltd., Snap-On Inc go up and make this list of top gainers.
The leading indices are dropping — S&P 500 trades at 4,141 after losing 0.32%. Nasdaq drawing back 0.3% to 12,121.
Amid the market gloom, United States Existing Home Sales (Mar) released today at 14:00 UTC with a figure of 4.44 million, while the previous figure was 4.55 million.
Markets are falling this session, but some stocks are registering gains. Take a look at today's positive market movers.
Lam Research | +8.63% in mid-session
After closing yesterday at $491, the wafer fabrication equipment supplier went up to $533.65 only to drop back some of the way, and is now trading at $533.4.
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 7.68%.
Snap-on | +9.4% in mid-session
After ending yesterday at $262.32, Snap-on gains $22.55 and hits a new record high of $262.67 today. The high-quality tools maker reached a significant high of $259.66 around 2 months ago but has lost 7.66% since then. So far this year, it has been under-performing the S&P by 3.42%. The high-quality tools maker's market cap currently stands at $13.94 billion with an average daily trading volume of 274,574 shares.
Snap-on is scheduled to announce earnings results today. The consensus Earnings Per Share estimate is 4.14 and the consensus revenue estimate is $1.13 billion.
+17%: upward momentum peaks at $40.52 for XPO Logistics
Following yesterday's session which closed at $34.58, XPO Logistics went up to $40.52 today only to drop back and trade at $40.46. The company's market cap currently stands at $4.67 billion with an average daily volume of 1.58 million shares. So far this year, it has been doing worse than the Nasdaq by 7.64%.
SuperCom | +15.73% in mid-session
Despite closing yesterday at $1.2 and then climbing as high as $1.4 today, SuperCom has given up a sizeable portion of its gains to now trade at $1.39.
