Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Agora Inc. (API), Silicon Motion Technology (SIMO), Atlassian Corporation PLC A (TEAM), Canaan Inc. (CAN), and Riot Blockchain Inc. (RIOT).
- Agora Inc. (API) shares skyrocketed following increased interest in the Chinese software provider from hedge funds.
- Silicon Motion Technology (SIMO) shares soared following the release of its financial results for Q2, with a second consecutive all-time record in revenues for the semiconductor company.
- Atlassian Corporation PLC A (TEAM) shares climbed after the software company released its fourth quarter and fiscal year 2021 results, which showed total revenue of $559.5 million, up 30% from the fourth quarter of the previous year.
- Bitcoin mining companies Canaan Inc. (CAN) and Riot Blockchain Inc. (RIOT) saw their shares climb this week, following investors’ positive response to the rising prices of cryptos.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Agora Inc. (API) | 5.57 (+21.41%) | 31.58 | Technology |
| Silicon Motion Technology (SIMO) | 13.00 (+20.97%) | 74.99 | Technology |
| Atlassian Corporation PLC A (TEAM) | 53.83 (+19.84%) | 325.12 | Technology |
| Canaan Inc. (CAN) | 1.12 (+19.44%) | 6.88 | Technology |
| Riot Blockchain Inc. (RIOT) | 4.85 (+17.26%) | 32.95 | Consumer goods |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for Riskified Inc. (RSKD), DIDI Global Inc. (DIDI), Blue Apron Holdings Inc. (APRN), World Fuel Services Corp. (INT) and Cleveland-Cliffs Inc. (CLF.US).
- Riskified Inc. (RSKD) shares soared after the cybersecurity firm began trading publicly.
- DIDI Global Inc. (DIDI) shares surged following reports that the Chinese ride-hailing company could go private.
- Blue Apron Holdings Inc. (APRN) shares popped after stock influencer Will Meade tweeted that the meal kit delivery company’s stock could gain from possible lockdowns.
- World Fuel Services Corp. (INT) shares gained after the energy management company beat analysts’ earnings expectations.
- Cleveland-Cliffs Inc. (CLF.US) shares jumped following news of a $1.2 billion buyback by the steel and mining company from ArcelorMittal.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Riskified Inc. (RSKD) | 6.42 (+30.57%) | 27.42 | Services |
| DIDI Global Inc. (DIDI) | 2.25 (+27.92%) | 10.31 | Financial |
| Blue Apron Holdings Inc. (APRN) | 0.69 (+18.60%) | 4.40 | Consumer Goods |
| World Fuel Services Corp. (INT) | 5.13 (+17.49%) | 34.46 | Basic Materials |
| Cleveland-Cliffs Inc. (CLF.US) | 3.42 (+15.85%) | 25.00 | Basic Materials |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for Newegg Commerce Inc. (NEGG), Iclick Interactive Asia Group (ICLK), Novocure Ltd. (NVCR), 360 Finance Inc. (QFIN), and Futu Holdings Ltd. (FUTU)
- Newegg Commerce Inc. (NEGG) shares dropped as the computer hardware retailer‘s meme stock popularity continued to fade.
- Iclick Interactive Asia Group (ICLK) shares plummeted to a yearly low after a stock price target cut.
- Novocure Ltd. (NVCR) shares collapsed after Q2 earnings fell behind estimates.
- 360 Finance Inc. (QFIN) shares slipped as the digital consumer finance operator faced a securities fraud claims investigation.
- Futu Holdings Ltd. (FUTU) shares dropped following an unusual options activity alert.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Newegg Commerce Inc. (NEGG) | -7.18 (-29.45%) | 17.20 | Consumer Goods |
| Iclick Interactive Asia Group (ICLK) | -1.74 (-23.51%) | 5.66 | Services |
| Novocure Ltd. (NVCR) | -35.36 (-18.67%) | 154.01 | Consumer Goods |
| 360 Finance Inc. (QFIN) | -4.72 (-18.17%) | 21.25 | Financial |
| Futu Holdings Ltd. (FUTU) | -22.16 (-17.78%) | 102.46 | Financial |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, ATI Physical Therapy Inc. (ATIP), New Oriental Education & Technology Group Inc. (EDU), Pinterest Inc. (PINS), Wayfair Inc. (W) and Sally Beauty Holdings Inc. (SBH) stocks all experienced negative movement over the past week.
- ATI Physical Therapy Inc. (ATIP) shares crashed after the physical therapy chain reported Q2 earnings with a big revenue miss and an even bigger reduction in forward guidance.
- New Oriental Education & Technology Group Inc. (EDU) shares continued to fall as the Chinese cracked down on their local private education and tutoring industry.
- Pinterest Inc. (PINS) shares tumbled after the social media platform reported disappointing second-quarter results.
- Wayfair Inc. (W) shares slipped as investors worried about the online home furnishings retailer’s quarterly results, due to be reported this week.
- Sally Beauty Holdings Inc. (SBH) shares dropped after the professional beauty supplies distributor reported its quarterly earnings.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| ATI Physical Therapy Inc. (ATIP) | -4.93 (-59.11%) | 3.41 | Services |
| New Oriental Education & Technology Group Inc. (EDU) | -0.76 (-25.94%) | 2.17 | Consumer goods |
| Pinterest Inc. (PINS) | -18.01 (-23.42%) | 58.90 | Technology |
| Wayfair Inc. (W) | -44.15 (-15.46%) | 241.36 | Services |
| Sally Beauty Holdings Inc. (SBH) | -3.43 (-15.35%) | 18.92 | Conglomerates |
Highlights and Lowlights
After record highs the previous week, this week has been a relatively quiet one on Wall Street. The SPX500 slipped 0.09% and the DJ30 retreated 0.36%. The NSDQ100 was slightly up, registering a 0.29% climb.
Although upbeat earnings reports continued to provide some lift, the sentiment was tempered by concerns over rising Delta variant COVID-19 infections and the regulatory crackdown of Chinese authorities negatively affecting top Chinese tech companies.
What’s in Store for the Week?
It will be another busy week ahead with earnings reports from Alibaba, Uber, Kraft Heinz, Virgin Galactic and Moderna. Investors will also be watching upcoming manufacturing, industrial production and jobs reports, all of which are indicators of the pace of economic recovery.
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