2 Stocks Defying Friday's Market Downturn
Stock markets have performed well over the past few months, but Wall Street wasn't able to keep the upward momentum going this week. On Friday morning, major market benchmarks opened lower, with small-cap indexes seeing declines of as much as 1.5%.
However, some individual stocks managed to post gains despite the falling market. CarMax (NYSE: KMX) got an early start on earnings season, releasing quarterly financial results that made shareholders more confident in the car dealer's future. Meanwhile, GSK (NYSE: GSK) saw its stock rise on a potential settlement in a long-standing case with big implications for the company. Read on to learn more about both companies.
Shares of CarMax rose 7% early Friday. The car dealer reported fiscal first-quarter financial results for the period ended May 31 that reflected the tough economy but suggested the potential for better times ahead.
Source Fool.com
