Santa rallied, then slipped away: Weekly Stock Market Update

Last Week’s Top Five Market Winners

Nasdaq Stock Market (NASDAQ)

The past week included significant gains for HTG Molecular Diagnostics Inc. (HTGM), MissFresh Ltd. (MF), Krispy Kreme Inc. (DNUT), REE Automotive Ltd. (REE.US) and ACM Research Inc. (ACMR).

  • HTG Molecular Diagnostics Inc. (HTGM), whose shares recently jumped after an update by the healthcare company regarding expanded markets and applications for its HTG Transcriptome Panel (HTP), continued to make gains. 
  • MissFresh Ltd. (MF) shares surged after an average analyst recommendation of “strong buy” for the Chinese grocery chain.
  • Krispy Kreme Inc. (DNUT) shares popped after the doughnut chain announced a New Year’s promotion.
  • REE Automotive Ltd. (REE.US) shares climbed for the second week in a row as investors continued to be excited about the Israel-based electric vehicle start-up.
  • ACM Research Inc. (ACMR) shares gained following positive analyst coverage of the chip-cleaning equipment maker. 

 

NASDAQ TOP-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
HTG Molecular Diagnostics Inc. (HTGM) 1.05 (+24.03%) 5.42 Consumer Goods
MissFresh Ltd. (MF) 0.95 (+23.40%) 5.01 Services
Krispy Kreme Inc. (DNUT) 2.01 (+11.89%) 18.92 Services
REE Automotive Ltd. (REE.US) 0.51 (+10.12%) 5.55 Consumer Goods
ACM Research Inc. (ACMR) 7.65 (+9.86%) 85.27 Technology

 

New York Stock Exchange (NYSE)

Strong results were recorded on the New York Stock Exchange for Vista Outdoor Inc. (VSTO), Resolute Forest Products Inc. (RFP), GoDaddy Inc. (GDDY), NuStar Energy (NS) and Dicks Sporting Goods Inc. (DKS).

  • Vista Outdoor Inc. (VSTO) shares climbed after the outdoor sports accessories company announced the acquisition of hunting gear brand Stone Glacier. 
  • Resolute Forest Products Inc. (RFP) shares jumped following news that the paper and wood products company will be ceasing operations at its Tennessee mill, a move expected to improve the company’s overall operating income.
  • GoDaddy Inc. (GDDY) shares popped after activist investor Starboard Value reported that it had purchased over 10 million shares of the domain registration company’s stock.
  • Shares of oil pipeline company NuStar Energy (NS) gained as the outlook for gas production in 2022 strengthened.
  • Dicks Sporting Goods Inc. (DKS) shares were up following positive coverage of the sports equipment retailer by analysts.

NYSE TOP-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
Vista Outdoor Inc. (VSTO) 4.92 (+11.96%) 46.07 Consumer Goods
Resolute Forest Products Inc. (RFP) 1.61 (+11.79%) 15.27 Consumer Goods
GoDaddy Inc. (GDDY) 8.86 (+11.66%) 84.86 Technology
NuStar Energy (NS) 1.62 (+11.36%) 15.88 Consumer Goods
Dicks Sporting Goods Inc. (DKS) 7.30 (+10.62%) 114.99 Services

 

Last Week’s Top Five Market Losers

Nasdaq Stock Market (NASDAQ)

The last seven days were less than ideal for BridgeBio Pharma Inc. (BBIO), Chembio Diagnostics Inc. (CEMI), Heat Biologics Inc. (HTBX), Cleanspark Inc. (CLSK) and FuelCell Energy Inc. (FCEL).

  • BridgeBio Pharma Inc. (BBIO) shares crashed after the biotech company’s heart disease candidate did not perform well in Phase III trials.
  • Chembio Diagnostics Inc. (CEMI) shares plunged after the FDA refused Emergency Use Authorization for the healthcare diagnostic company’s combined flu and COVID-19 antigen test.
  • Heat Biologics Inc. (HTBX) shares dropped after the immunotherapy company signed a deal to acquire anthrax treatment maker Elusys Therapeutics.
  • Shares of crypto miner Cleanspark Inc. (CLSK) tumbled following a high-profile Chinese ban on crypto mining, as well as crackdowns by additional countries.
  • FuelCell Energy Inc. (FCEL) shares dropped after the clean energy company reported worse-than-expected Q4 results.

NASDAQ WORST-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
BridgeBio Pharma Inc. (BBIO) -23.94 (-58.94%)  16.68 Consumer Goods
Chembio Diagnostics Inc. (CEMI) -0.60 (-34.48%)  1.14 Consumer Goods
Heat Biologics Inc. (HTBX) -0.83 (-21.45%) 3.04 Consumer Goods
Cleanspark Inc. (CLSK) -2.39 (-20.07%) 9.52 Consumer Goods
FuelCell Energy Inc. (FCEL) -1.26 (-19.50%) 5.20 Consumer Goods

  

New York Stock Exchange (NYSE) 

On the New York Stock Exchange, SK Telecom Co. Ltd. (SKM), AgEagle Aerial Systems Inc. (UAVS), Skillz Inc. (SKLZ), Zomedica Corp. (ZOM) and Toast Inc. (TOST) all experienced negative movement over the past week.

  • SK Telecom Co. Ltd. (SKM) shares dropped sharply after the wireless telecommunications services provider announced the spin-off of its artificial intelligence (AI) semiconductor development unit Sapeon.
  • Shares of drone maker AgEagle Aerial Systems Inc. (UAVS) experienced high volatility, ending the week down over 17%.
  • Skillz Inc. (SKLZ) shares dropped following negative analyst coverage of the mobile gaming platform.
  • Zomedica Corp. (ZOM) shares slipped due to continued bearish sentiment on the veterinarian health company. 
  • Toast Inc. (TOST) shares continued to fall following news of a sell-off by the restaurant-focused tech company’s Chief Operating Officer.

 

NYSE WORST-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
SK Telecom Co. Ltd. (SKM) -21.75 (-44.92%) 26.67 Services
AgEagle Aerial Systems Inc. (UAVS) -0.33 (-17.37%) 1.57 Industrial Goods
Skillz Inc. (SKLZ)  -1.07 (-12.57%) 7.44 Technology
Zomedica Corp. (ZOM) -0.0435 (-12.43%) 0.3065 Consumer Goods
Toast Inc. (TOST) -4.92 (-12.41%) 34.71 Technology

 

Highlights and Lowlights

Happy New Year! The SPX500 and the DJ30 posted minor gains overall in the final week of 2021, after setting record highs in a Santa Claus rally which petered out mid-week. The NSDQ100 finished the week flat at 0%. For the year, however, the SPX500 was up around 27% the best-performing US index in 2021 by far having hit 70 all-time highs, the most in a single year since 1954.

What’s in Store for the Week?

The first week of 2022 kicks off with earnings by Bed, Bath & Beyond, ConAgra and Walgreens Boots Alliance.

The first month of the year has historically been a strong one for stocks, widely known as the January Effect. The new year’s first week will also bring a host of data releases, including an important OPEC+ meeting, updates on the US labour market, and Purchasing Managers’ Index (PMI) readings.

 


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