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We recently published a list of 10 Stocks Stand Strong Amid Cautious Market Environment. In this article, we are going to take a look at where Celsius Holdings, Inc. (NASDAQ:CELH) stands against stocks that stand strong amid cautious market environment.
The stock market showed resilience on Wednesday, with all major indices ending in the green territory anew, as investors weighed news of President Donald Trump’s imposition of a new round of tariffs while digesting minutes of the Federal Reserve.
The Dow Jones rose by 0.16 percent, the S&P 500 increased by 0.24 percent, while the tech-heavy Nasdaq eked out a 0.07 percent gain.
Despite the news, ten companies managed to stand out, posting modest gains during the trading session.
To come up with Wednesday’s top performers, we considered only the stocks with more than $1.9 billion in market capitalization and $5 million in daily trading volume.
Note that some stocks we have covered in-depth over the past few days have been excluded from this list.
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Celsius Holdings, Inc. (NASDAQ:CELH)
Celsius Holdings, Inc. (NASDAQ:CELH) grew its share prices by 14.73 percent on Wednesday to end at $26.09 apiece as investors repositioned their portfolios ahead of its earnings release after the market closes tomorrow, February 20.
The last-minute earnings release schedule came as a surprise to investors and also a cue that the firm is expected to report good news.
Analysts are expecting the company to post $325.5 million in sales, as well as earnings per share of 15 cents.
Earnings aside, analysts remained bullish on CELH, with the company earning eight “buy” and four “hold” ratings, with an average price target of $38.91.
On Friday, CELH is also expected to participate in an investor conference at the Consumer Analyst Group of New York Conference.
Overall, CELH ranks 4th on our list of stocks that stand strong amid cautious market environment. While we acknowledge the potential of CELH as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CELH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.