By Staff Report Friday, December 20th, 2024

With markets rebounding on December 20, most Central Coast stocks retraced some — but not all — of their declines during a week that saw the worst performance for the Dow Jones Industrials since the 1970s.

One notable exception was Mission Produce which posted a 17.75% gain on the 20th and gained nearly 10% for the week. 

That gain came on the back of a strong earnings report that blew away estimates for revenue and profits as third quarter revenue jumped 21% and EBITDA rose 40%, with both avocado and mango prices looking strong.

A second strong gainer was Deckers Brands, which hit a 52-week high of $210.87 on December 20 and rose 2.7% for the week. 

Expectations are strong for holiday season sales from its flagship Hoka and Ugg selections.

Among the biggest losers for the week, The Trade Desk lost 5.7% with a 1% drop on Friday the 20th closing at $125.01. 

Limoneira fell 2.7% for the week after a 2.5% gain on the 20th. Amgen, the region’s largest public company, gained .8% on the 20th and fell 2.7% for the week.

Semtech was unchanged on the 20th and fell 2.5% for the week while Penny Mac Financial fell 2.7% and Procore fell 2.9% for the week. Both were up over 1% on the 20th. 

Sonos was unchanged for the week after a gain of about 1% on Friday. Teledyne was up about one half of one percent on Friday and down 1.6% for the week.

Mission Produce and Deckers were among the few stocks making 52-week highs on the 20th after a major sell off on the 18th after the Federal Reserve struck a hawkish tone on future interest rate cuts. 

email: [email protected]