We recently compiled a list of the 10 Stocks End With Solid Performance. In this article, we are going to take a look at where The Goodyear Tire & Rubber Company (NASDAQ:GT) stands against the other stocks.

The stock market ended the trading week in the green territory with all major indices recording gains as investors digested latest US jobs data which fell short of expectations.

The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.

Ten companies across mixed sectors also mirrored a broader market optimism, booking modest gains during the end of the trading week. In this article, we have named the 10 top performers on Friday 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 daily trading volume.

A tire manufacturing plant, showing the mechanization and efficiency of the company's operations.

The Goodyear Tire & Rubber Company (NASDAQ:GT)

The Goodyear Tire & Rubber Company (NASDAQ:GT) grew its share prices by 9.14 percent on Friday to finish at $9.79 each as investors reacted to positive ratings from investment banking firms.

During the trading week, The Goodyear Tire & Rubber Company (NASDAQ:GT) earned a “buy” rating and a price target of $14 from TD Cowen, saying that the firm is an “unloved” stock that may be poised for a rebound under the direction of a new CEO.

A turnaround is expected to occur in the first half of the year as it aims to focus on slashing its total debt of $8.8 billion and executing cost-saving measures. The second phase of turnaround is targeted for 2026.

Last month, The Goodyear Tire & Rubber Company (NASDAQ:GT) reported a sharp rebound in its net income performance in the fourth quarter and full year of 2024, with adjusted net profit in the quarter ending at $76 million, a significant turnaround from the $291 million net loss in the same period a year earlier.

Meanwhile, it swung to a net profit of $70 million last year, a turnaround from a $689 million net loss in 2023.

Overall GT ranks 7th on our list of Friday's top performers. While we acknowledge the potential of GT 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 GT 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.