Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Golden Nugget Online Gaming Inc. (GNOG), Novavax Inc. (NVAX), TaskUs Inc. (TASK), Pilgrim’s Pride (PPC) and Array Technologies Inc. (ARRY).
- Golden Nugget Online Gaming Inc. (GNOG) shares skyrocketed following news of a $1.56 billion acquisition deal for the online casino by online sports betting giant DraftKings.
- News of a new supply deal with Denmark helped COVID-19 vaccine maker Novavax Inc. (NVAX) shares rally after a sell-off last week.
- TaskUs Inc. (TASK) shares surged following the release of the online customer service company’s second-quarter earnings, its first report as a publicly traded company.
- Shares of poultry producer Pilgrim’s Pride (PPC) jumped following news of an acquisition offer made by JBS, the world’s largest meat packaging company.
- Array Technologies Inc. (ARRY) shares experienced volatility surrounding the ground-mounted solar systems maker’s second-quarter earnings report, but ended the week with strong gains.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Golden Nugget Online Gaming Inc. (GNOG) | 7.17 (+58.44%) | 19.44 | Consumer Goods |
| Novavax Inc. (NVAX) | 67.38 (+35.48%) | 257.27 | Consumer Goods |
| TaskUs Inc. (TASK) | 9.01 (+29.06%) | 40.01 | Services |
| Pilgrim’s Pride (PPC) | 6.06 (+28.48%) | 27.34 | Consumer Goods |
| Array Technologies Inc. (ARRY) | 3.69 (+27.09%) | 17.31 | Basic Materials |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for Albertsons Cos Inc. (ACI), Nucor Corp. (NUE), Lithium Americas Corp. (LAC), Unity Software Inc. (U), and Stride Inc. (LRN).
- Albertsons Cos Inc. (ACI) shares soared after the supermarket chain announced its hiring of a new president and chief financial officer.
- Steel manufacturer Nucor Corp. (NUE)’s shares rallied to an all-time high following the acquisition of Cornerstone Building Brands’ insulated metal panels (IMP) business for approximately $1 billion.
- Lithium Americas Corp. (LAC) shares popped after analysts raised the price targets on competing lithium mining companies, as demand for lithium rose.
- Unity Software Inc. (U) shares gained after the video game design and animation software company reported strong Q2 earnings results.
- Stride Inc. (LRN) shares jumped after the education provider released its results for the fourth fiscal quarter and full fiscal year ended June 30, 2021.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Albertsons Cos Inc. (ACI) | 5.29 (+21.54%) | 29.85 | Consumer Goods |
| Nucor Corp. (NUE) | 21.86 (+20.96%) | 126.17 | Basic Materials |
| Lithium Americas Corp. (LAC) | 3.08 (+20.8%) | 17.89 | Basic Materials |
| Unity Software Inc. (U) | 21.87 (+20.44%) | 128.87 | Consumer Goods |
| Stride Inc. (LRN) | 5.95 (+18.61%) | 35.62 | Consumer Goods |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for Axsome Therapeutics Inc. (AXSM), Weight Watchers International Inc. (WW), SmileDirectClub Inc. (SDC), Bluebird Bio Inc. (BLUE) and GrowGeneration Corp. (GRWG).
- Axsome Therapeutics Inc. (AXSM) shares lost half their value over the past week after the biotech company’s quarterly earnings report included an update concerning regulatory setbacks for its leading drug candidate.
- Weight Watchers International Inc. (WW) shares plummeted after the weight loss company released disappointing second-quarter financial results.
- SmileDirectClub Inc. (SDC) shares tanked after a dismal second-quarter earnings report showed that the oral care company’s lower-cost alternative to Invisalign was not sufficiently enticing customers.
- Bluebird Bio Inc. (BLUE) shares crashed after the drugmaker reported some bad news in its Q2 update — a Phase III clinical study has been put on hold by regulators, and the company plans to withdraw its severe genetic disease products from the European market.
- GrowGeneration Corp. (GRWG) shares plunged after second-quarter earnings. Despite beating both revenue and earnings expectations, the hydroponic gardening retailer’s sales growth rate is expected to slow down in the second half of 2021.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Axsome Therapeutics Inc. (AXSM) | -28.30 (-55.32%) | 22.86 | Consumer Goods |
| Weight Watchers International Inc. (WW) | -8.27 (-26.41%) | 23.04 | Consumer Goods |
| SmileDirectClub Inc. (SDC) | -1.80 (-26.35%) | 5.03 | Consumer Goods |
| Bluebird Bio Inc. (BLUE) | -6.56 (-26.21%) | 18.47 | Consumer Goods |
| GrowGeneration Corp. (GRWG) | -10.85 (-25.63%) | 31.49 | Consumer Goods |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, Virgin Galactic Holdings Inc. (SPCE), Zomedica Pharmaceuticals Corp. (ZOM), Perrigo Company (PRGO), Nevro Corp. (NVRO) and Coupang Inc. (CPNG) all experienced negative movement over the past week.
- Virgin Galactic Holdings Inc. (SPCE) shares crashed after founder Sir Richard Branson sold off more of his stakes of the space tourism company.
- Shares of veterinary health company Zomedica Pharmaceuticals Corp (ZOM) took a tumble after the company reported its second-quarter results.
- Perrigo Company (PRGO) shares collapsed after the health care company released its Q2 earnings, which led to price target cuts from analysts.
- Shares of medical device company Nevro Corp. (NVRO) fell after a worse-than-expected Q2 earnings report.
- Coupang Inc. (CPNG) shares plummeted following the e-commerce company’s earnings miss.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Virgin Galactic Holdings Inc. (SPCE) | -8.0 (-23.97%) | 25.37 | Consumer Goods |
| Zomedica Pharmaceuticals Corp. (ZOM) | -0.11 (-19.29%) | 0.47 | Consumer Goods |
| Perrigo Company (PRGO) | -8.02 (-16.38%) | 40.95 | Healthcare |
| Nevro Corp. (NVRO) | -17.74 (-14.82%) | 101.99 | Consumer Goods |
| Coupang Inc. (CPNG) | -4.93 (-12.71%) | 33.87 | Technology |
Highlights and Lowlights
Wall Street maintained its uptrend, with the SPX500 and the DJ30 slightly beating last week’s records by 0.8% and 0.9% respectively. A whopping 87% of SPX500 companies exceeded their second-quarter revenue estimates thus far, bringing the number of record weekly highs for the index in 2021 up to 48. The NSDQ100 posted a tiny -0.1% decline for the week.
What’s in Store for the Week?
We’ll see earnings reports from major retailers, including Target, Walmart and Home Depot, as well as from semiconductor industry leaders Nvidia and Applied Materials.
Investors will be closely following key economic releases in the coming week, including retail sales from around the world, US Industrial Production, and Federal Open Markets Committee (FOMC) meeting minutes. Some insights into the US housing market are also expected, with the release of July’s Housing Starts and Building Permits.
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