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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 Compass, Inc. (NYSE:COMP)) 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.
An excited real estate broker discussing with a couple interested in buying a home.
Compass, Inc. (NYSE:COMP)
Real estate broker Compass, Inc. (NYSE:COMP) rallied for a sixth consecutive day on Wednesday, soaring 28.32 percent to end at $10.24 apiece as investors cheered the company’s improved earnings performance last year.
In its earnings release, COMP said net loss attributable to the company for the fourth quarter narrowed by 51.6 percent to $40.5 million from $83.7 million year-on-year, while net loss attributable to the parent for full-year 2024 shrunk by 51.9 percent to $154.4 million from $321.3 million in 2023.
Meanwhile, revenues for the quarter rose by 26 percent to $1.38 billion from $1.09 billion year-on-year, while revenues for full-year 2024 grew 15 percent to $5.6 billion from $4.88 billion.
For the first quarter of the year, the company pegged revenues at $1.35 billion to $1.475 billion, exceeding consensus of $1.335 billion.
Overall, COMP ranks 1st on our list of stocks that stand strong amid cautious market environment. While we acknowledge the potential of COMP 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 COMP 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.