With large tech companies experiencing big falls recently, the Nasdaq Composite has taken quite a hit. As such, quite a few investors are waiting for the results of some key deals and meetings — such as the Federal Reserve’s monetary policy meeting next month — before committing themselves to some stocks. However, despite the market’s recent poor performance, some stocks have not only managed to pull through it, they have also risen in price. Some of these stocks are from companies such as Under Armour (NYSE:$UA) (NYSE:$UAA), Avis Budget Group (NASDAQ:$CAR), and Golden Entertainment (NASDAQ:$GDEN).

Under Armour builds momentum

Depending on which share class you follow and/or invest in, Under Armour stock rose 5% to 6% today while also ending strong on Friday. The rise had been unexpected as the sportswear company had been seeing large declines in its stock prices due to fear of incoming competition as well as a slow-down in growth. However, with the tech sector now seeing declines, some investors are taking a closer look at the company with the belief that it still has great potential for growth in the long-run.

Avis Budget hits the accelerator on innovation

After a high-of-the-day 9% rise, Avis’ stock closed today with a 3% gain. Avis’ rise in price is largely in thanks to its announcements that point to major growth for the company. On Friday, it was announced that Avis’ subsidiary company, Zipcar, had launched in Taipei, Taiwan. Taipei is the first major Asian city to receive Zipcar’s car-sharing services. The success of Zipcar in Taipei could be instrumental in Zipcar further developing and offering its services across the Asia-Pacific region, where the company believes will benefit greatly from car-sharing.

Following the Friday announcement, Avis announced earlier today that it had begun its effort of finding new market opportunities with the help of technology campus RocketSpace. With transportation evolving — mainly thanks to Tesla’s (NASDAQ:$TSLA) electric cars and the success of personal taxi services such as Lyft — embracing and trying out new ideas will certainly put Avis at the forefront of the industry. This is especially true for the company as it had previously faced industry challenges before. The fact that Avis is attempting to find a long-term solution and not making the same mistakes twice regarding industry growth is a positive sign to any investor.

Golden Entertainment makes a big bet

Of the three companies, Golden Entertainment saw the largest rise today at 18%. The high rise is mainly thanks to the company’s announcement to purchase American Casino & Entertainment Properties (ACEP) for $850 million. ACEP is known for their Stratosphere casino, hotel, and tower located north of the Las Vegas Strip.

The current contract for the purchase requires Golden Entertainment to pay $781 million in cash as well as 4 million shares of the company’s stock to the private equity fund that owns ACEP. Golden Entertainment has reportedly secured all the financing needed for the purchase.

Commenting on the company’s unusual move, Golden Entertainment’s CEO Blake Sartini said that the purchase will transform the company quite a bit, helping it create a rather significant gaming portfolio that is based around Nevada’s popular casinos. As such, investors in the company should remain hopeful that ACEP will aid in the company’s rising stocks.

The purchase is expected to be finalized at the end of the year.

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