Some investors are panicking (even if they probably shouldn’t be). After a big plunge, US stocks are looking less healthy than they have since August, sparking fears of an imminent recession. The Dow dropped 831 points yesterday (Oct. 10); today, it plunged another 546. Together, it’s the largest two-day percentage loss since February.
Not every stock is feeling the pinch. A handful are still in the green, with gold-production companies in particular in better shape than they’ve been in weeks. Let’s take a closer look at a few of these bright spots, and what’s contributed to their rosier prospects.
Delta
The US airline reported a $127-million third-quarter profit, bringing new shine to its shares, which closed at $51.50, up from $49.73. Even year-on-year, the company had good news, reporting earnings per share of $1.80, up from $1.54 at the same time last year. As the price of fuel continues to rise, Delta’s doing what it can to mitigate higher costs by pulling fares up to match.
L Brands
Investors have responded positively to Victoria’s Secret parent L Brands’ two announcements: healthy monthly sales, and plans to pursue alternatives for its tanking La Senza chain. The stock closed at $30.23, up nearly 6% from $28.52.
Dialog
Dialog shareholders had an especially good day, with shares bouncing a healthy 28%. The European chipmaker today announced a $600-million deal with Apple, allowing the Cupertino crew to license power-management technologies and acquire more than 300 employees—a total of 16% of the workforce, who will reportedly remain in Europe.
Barrick Gold, Goldcorp, B2Gold, Kinross Gold, Yamana Gold…
Spotting a theme? Gold-production companies had a robust day, with share prices rising along with the commodity. Canadian producers and miners are all enjoyed a day of growth, with Barrick Gold Corp. share prices jumping 9.39% to $12.59. South Africa-based AngloGold Ashanti also rose 9.75% to close at $9.67, its highest price in a week.