This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.
Despite the sharp decline in the US stock market this week, some stocks have still achieved gains. Below are top 10 S&P 500 stock gainers for the week ended April 4:
Lamb Weston Stock Surges as Potato Giant's Results Top Estimates
Lamb Weston shares jumped 9.2% this week as the potato processing giant's latest quarterly results came in above expectations.
The maker of french fries and other potato products reported fiscal third-quarter adjusted earnings per share (EPS) of $1.10 on net sales of $1.52 billion. Analysts polled by Visible Alpha were looking for $0.86 and $1.48 billion, respectively.
"As a result of the actions we took in early fiscal 2025 to drive operational and cost efficiencies, we closed the quarter with sequentially improved volume trends and profitability metrics that were in line with our previously updated fiscal 2025 outlook," CEO Mike Smith said, noting the company expects "headwinds from soft restaurant traffic to persist."
Dollar General, Ross, and TJX Gain Due to Tariff Resilience and Positive News About Vietnam
Grocery chains are outperforming as Trump's reciprocal tariffs ravage the wider market. Companies that do not overly rely on overseas supply chains are less affected.
Dollar General stock has jumped 7.6% this week. About 80% of its sales are food items, most of which are nonperishable items made in the US, like canned soups, beans, and chips, Morningstar analyst Noah Rohr said.
Meanwhile, some retailers gained due to President Trump’s ‘very productive call’ with General Secretary To Lam of Vietnam and Cambodian prime minister Hun Manet. Ross gained 3.9%, while TJX Companies rose 3.3%.
Some Pharma Stocks Gain As Trump Spares Pharmaceutical Products from Reciprocal Tariffs
Some Drugmaker stocks gained this week as U.S. President Donald Trump spared pharmaceutical products from reciprocal tariffs, but executives and analysts warned it was premature to celebrate as tariffs were still likely to come.
Molina Healthcare rose 7.4%, Centene rose 3.2%, McKesson rose 2.3%, and UnitedHealth rose 1.8%.