We recently published a list of 10 Firms Stand Strong Amid Market Decline. In this article, we are going to take a look at where Nu Holdings (NYSE:NU) stands against other firms stand strong amid market decline.
The US stock market finished the day on a sour note anew amid the lack of fresh catalysts to spice up trading while investors repositioned their portfolios ahead of 2025.
On Monday, the Dow shed 0.97 percent or 418 points, while the S&P’s broad index decreased 0.95 percent or 56.48 points. Nasdaq Composite registered the biggest decline, down 1.19 percent or 235.24 points.
Despite losses, 10 companies managed to eke out gains, with those in the energy sector posting notable performance. Let’s explore why.
To come up with Monday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A wide angle shot of a team of bankers and financial advisors evaluating an investment portfolio on a touchscreen monitor.
Nu Holdings Ltd. (NYSE:NU)
Shares of Nu Holdings (NYSE:NU)—a Brazil-based digital banking services company—eked out a 3.10-percent gain on Monday or 0.35 points to close at $10.65 apiece.
The company also registered a 3.4-percent increase over the past five trading days, albeit its 30-day stock price has been lackluster, declining by 11.25 percent.
However, analysts remained positive about the company’s business prospects, with optimism fueled by billionaire Warren Buffett’s significant stake in the company.
Buffett has been a shareholder of Nu Holdings since it joined the roster of US publicly listed companies, riding Nu to an impressive 105 percent gain in 2023 and 55 percent gain over the first six months of 2024.
Overall, NU ranks 8th on our list of firms stand strong amid market decline. While we acknowledge the potential of NU 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 time frame. If you are looking for an AI stock that is more promising than NU 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.