Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Gogo Inc. (GOGO), Centennial Resource Development Inc. (CDEV), Aurora Cannabis Inc. (ACB), Dollar Tree Inc. (DLTR) and Golar LNG Ltd. (GLNG).
- Gogo Inc. (GOGO) shares skyrocketed after the broadband connectivity provider boosted its long-term financial forecast.
- Shares of oil producer Centennial Resource Development Inc. (CDEV) surged as soaring oil prices drove the stock’s weekly gains higher.
- Aurora Cannabis Inc. (ACB) shares jumped after the medical marijuana company released better-than-expected quarterly results.
- Dollar Tree Inc. (DLTR) shares climbed after the discount chain expanded its existing stock-buyback program, as well as its offering of consumer goods at higher price points in stores.
- Golar LNG Ltd. (GLNG) shares popped after the liquified natural gas shipper announced a potential offering of senior unsecured bonds which are close to maturing.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Gogo Inc. (GOGO) | 6.24 (+50.61%) | 18.57 | Services |
| Centennial Resource Development Inc. (CDEV) | 1.20 (+20.62%) | 7.02 | Consumer Goods |
| Aurora Cannabis Inc. (ACB) | 1.15 (+19.36%) | 7.09 | Healthcare |
| Dollar Tree Inc. (DLTR) | 13.44 (+15.90%) | 97.98 | Consumer Goods |
| Golar LNG Ltd. (GLNG) | 2.18 (+17.84%) | 13.42 | Industrial Goods |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for United Natural Foods Inc. (UNFI), Blue Apron Holdings Inc. (APRN), Arch Coal Inc. (ARCH), Nordic American Tankers Ltd. (NAT) and RR Donnelley & Sons Co. (RRD).
- United Natural Foods Inc. (UNFI) shares popped after the natural foods wholesaler posted better-than-expected growth in its fourth-quarter earnings report.
- Blue Apron Holdings Inc. (APRN) shares continued to soar for the third week in a row. Investors responded positively to the meal kit delivery company offering its popular Thanksgiving menu and the expected increase in sales.
- Arch Coal Inc. (ARCH) shares jumped after the coal producer was upgraded by analysts.
- As demand for oil surged, so did shares of crude oil shipper Nordic American Tankers Ltd. (NAT).
- RR Donnelley & Sons Co. (RRD) shares gained after the marketing solutions company issued a strategic statement to shareholders.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| United Natural Foods Inc. (UNFI) | 12.08 (+32.61%) | 49.12 | Services |
| Blue Apron Holdings Inc. (APRN) | 1.77 (+27.92%) | 8.11 | Consumer Goods |
| Arch Coal Inc. (ARCH) | 19.49 (+24.97%) | 97.54 | Consumer Goods |
| Nordic American Tankers Ltd. (NAT) | 0.57 (+24.68%) | 2.88 | Industrial Goods |
| RR Donnelley & Sons Co. (RRD) | 1.01 (+23.06%) | 5.39 | Services |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for Editas Medicine Inc. (EDIT), Bed Bath & Beyond Inc. (BBBY), Novovax Inc. (NVAX), BioNTech SE (BNTX) and Vir Biotechnology Inc. (VIR).
- Editas Medicine Inc. (EDIT) shares tanked after the gene-editing company released disappointing first clinical data for its CRISPR-based treatment.
- Shares of home furnishings retailer Bed Bath & Beyond Inc. (BBBY) plunged following a huge Q2 earnings miss.
- Shares of vaccine manufacturers Novovax Inc. (NVAX), BioNTech SE (BNTX) and Vir Biotechnology Inc. (VIR) dropped following an announcement by drugmaker Merck that its oral COVID-19 antiviral pill cuts risk of hospitalisation or death by 50%, thereby, fuelling investor fears that demand for injected COVID-19 vaccines could soon decline.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Editas Medicine Inc. (EDIT) | -18.85 (-32.15%) | 39.79 | Industrial Goods |
| Bed Bath & Beyond Inc. (BBBY) | -6.37 (-27.76%) | 16.58 | Services |
| Novovax Inc. (NVAX) | -66.56 (-26.82%) | 181.60 | Consumer Goods |
| BioNTech SE (BNTX) | -78.69 (-23.60%) | 254.79 | Consumer Goods |
| Vir Biotechnology Inc. (VIR) | -9.47 (-21.61%) | 34.35 | Consumer Goods |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, Moneylion Inc. (ML.US), Dillards Inc. (DDS), Asana (ASAN), Palantir Technologies Inc. (PLTR) and Skillz Inc. (SKLZ) all experienced negative movement over the past week.
- Moneylion Inc. (ML.US) shares plunged just days after the digital banking and crypto trading platform listed via a special-purpose acquisition company (SPAC) merger.
- Dillards Inc. (DDS) shares tumbled as the department store operator entered into oversold territory.
- Shares of workplace management specialist Asana (ASAN), data analytics specialist Palantir Technologies Inc. (PLTR) and mobile gaming platform developer Skillz Inc. (SKLZ) slipped as Cathie Wood’s ARK Innovation ETF (ARKK) Exchange- Traded Fund sold off these and other tech stocks.
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NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Moneylion Inc. (ML.US) | -1.89 (-21.36%) | 6.96 | Services |
| Dillards Inc. (DDS) | -32.31 (-15.54%) | 175.58 | Services |
| Asana (ASAN) | -18.15 (-15.12%) | 101.87 | Services |
| Palantir Technologies Inc. (PLTR) | -4.23 (-14.81%) | 24.33 | Technology |
| Skillz Inc. (SKLZ) | -1.64 (-14.42%) | 9.73 | Technology |
Highlights and Lowlights
After posting modest gains the previous week, US indices were down once again, continuing their bumpy path since the beginning of September. The SPX500 was down -2.2%, snapping its streak of seven consecutive monthly gains — with September seeing its biggest monthly decline since March 2020. The DJ30 was down by -1.4% and the NSDQ100 took the biggest hit at -3.2%, due to a sharp sell-off of tech stocks, inspired by rising Treasury yields, higher energy prices and US government struggles.
Not all was gloomy, however — Wall Street rebounded on Friday, October 1st, ushering in the new month. Oil prices climbed for the sixth week in a row in response to growing demand during the pandemic recovery.
What’s in Store for the Week?
Analysts have been optimistic, lifting their expectations for the coming third-quarter earnings season, which officially opens mid-October. Reporting this week are PepsiCo, Levi Strauss, and ConAgra.
Investors will be watching for several updates on the US labour market this week — including ADP’s National Employment Report and the Department of Labor’s Nonfarm Payrolls report for September — since the Fed mainly relies on job data for signs of growth to support any upcoming tapering plans.
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