In the midst of global market chaos, investors are frantically searching for answers to the burning question: “What stocks are up today?” Despite the overall market downturn, there are a few standout companies that have managed to defy the odds and show significant growth.
As the fear index, also known as the CBOE Volatility Index, spikes and recession fears loom large, some low-volume, low market capitalization firms like Exagen and Aurora Mobile have seen double-digit growth. These “nano caps” have market caps below $50 million.
But it’s not just small companies that are seeing gains. Established enterprises like Kellogg’s and Sonic Automotive have also experienced notable increases in their stock prices. Kellogg’s surged over 15% as news of a potential acquisition by Mars circulated. Sonic Automotive, despite missing revenue targets, managed to beat earnings expectations, leading to a 3% gain in its stock price.
Even newer companies like Fiverr are seeing positive movement, with a 3% increase in market value following a strong Q2 report. With sales on the rise and forward-looking investors anticipating a labor market downturn, Fiverr stock is on the upswing.
Overall, there are several stocks showing gains today, each with a solid rationale for their upward trajectory. Despite the current market turmoil, there are still opportunities for investors to capitalize on these positive movements.
Disclaimer: The author of this article does not have any positions in the securities mentioned. The opinions expressed are solely those of the writer.
About the Author: Josh Enomoto is a former senior business analyst for Sony Electronics with a track record of delivering unique insights for various industries. Follow him on Twitter at @EnomotoMedia.