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We recently published a list of These 10 Stocks Defied Thursday’s Slump. In this article, we are going to take a look at where Dollar Tree Inc. (NASDAQ:DLTR) stands against other stocks that defied Thursday’s slump.
The stock market ended in the red territory anew on Thursday following a fresh wave of uncertainties and reports of a looming government shutdown that rattled investors.
The Dow Jones dropped by 1.30 percent, while the S&P 500 and Nasdaq declined by 1.39 percent and 1.96 percent, respectively.
Meanwhile, investors took refuge in 10 companies, predominantly mining firms, to mitigate the risks from the macroeconomic threats.
In this article, we have listed the 10 strongest stocks and detailed the reasons behind their performance.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.
A shopper browsing through a discount retailers merchandise aisle filled with a wide variety of items.
Dollar Tree Inc. (NASDAQ:DLTR)
Dollar Tree recovered from a five-day losing streak on Thursday, jumping 6.59 percent to close at $66 each as investors resorted to bargain-hunting to take advantage of cheap valuations.
In addition, investors repositioned portfolios ahead of the company’s release of its fourth quarter results on March 26, where they would be looking out for the company’s outlook for 2025 as well as plans from its incoming chief executive officer.
Wall Street analysts expect DLTR to post revenues of $8.27 billion, alongside adjusted earnings per share of $2.21 and same-store growth of 1.5 percent.
DLTR is a leading discount store operator based in Virginia, which owns Dollar Tree and Family Dollar brands. It ranked 137 on the Fortune 50 list and has already served North America for more than 63 years.
As of this writing, DLTR operates more than 16,000 stores across 48 states and five Canadian provinces.
Overall, DLTR ranks 5th on our list of stocks that defied Thursday’s slump. While we acknowledge the potential of DLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DDLTR but 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.