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March 12, 2020, 10:28 a.m. EDT

Cabot Oil and Akamai are only two S&P 500 gainers

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By Ciara Linnane

Just two of the stocks that make up the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.43% were higher Thursday, as markets sold off again on fears about the coronavirus that causes COVID-19, as it continues to spread around the world. Cabot Oil & Gas Corp. /zigman2/quotes/205804016/composite COG -3.91% was up 4% and Akamai Technologies Inc. was up 0.9%, with the rest of the market a sea of red after President Donald Trump announced a temporary ban on flights from most European countries. Cabot Oil & Gas has held up well through the current carnage in markets. Analysts at Tudor Pickering Holt kept their buy rating on Cabot shares earlier this week, their only buy-rated U.S. natural-gas producer. There's still "further room to run" for the shares, trading at about $16 but worth up to $24, they said. Raymond James said Thursday that Akamai could benefit from the uptick in people working from home, amid increased demand for over-the-top video service. The S&P 500 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.0020% were both down more than 7%.

/zigman2/quotes/210599714/realtime
US : S&P US
3,345.86
-14.61 -0.43%
Volume: 2.24B
Aug. 11, 2020 3:33p
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/zigman2/quotes/205804016/composite
US : U.S.: NYSE
$ 19.78
-0.81 -3.91%
Volume: 5.15M
Aug. 11, 2020 3:33p
P/E Ratio
25.12
Dividend Yield
2.02%
Market Cap
$8.20 billion
Rev. per Employee
$7.07M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,791.99
+0.55 +0.0020%
Volume: 334.18M
Aug. 11, 2020 3:33p
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