Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Corbus Pharmaceuticals Holdings Inc. (CRBP), Sundial Growers Inc. (SNDL), Tilray, Inc. (TLRY), Tellurian Inc. (TELL) and Cenntro Electric Group Limited (CENN).
- Cannabis stocks, including those of Corbus Pharmaceuticals Holdings Inc. (CRBP), Sundial Growers Inc. (SNDL), and Tilray, Inc. (TLRY), surged following reports that US Congress had scheduled a vote to federally legalise the drug.
- Shares of natural gas producer Tellurian Inc. (TELL) soared amid a rally for energy stocks.
- Cenntro Electric Group Limited (CENN) shares gained following news that the electric vehicle maker had completed its purchase of a majority stake in electric utility maker Tropos Motors Europe.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Corbus Pharmaceuticals Holdings Inc. (CRBP) | 0.2160 (+65.43%) | 0.5461 | Healthcare |
| Sundial Growers Inc. (SNDL) | 0.2901 (+55.57%) | 0.8121 | Consumer Goods |
| Tilray, Inc. (TLRY) | 3.05 (+55.35%) | 8.56 | Healthcare |
| Tellurian Inc. (TELL) | 1.91 (+48.60%) | 5.84 | Consumer Goods |
| Cenntro Electric Group Limited (CENN) | 12.48 (+26.86%) | 2.32 | Consumer Goods |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for GameStop Corp. (GME), Comstock Resources Inc. (CRK), Southwestern Energy Co. (SWN), Anaplan Inc. (PLAN) and AMC Entertainment (AMC).
- Shares of top meme stock GameStop Corp. (GME) skyrocketed after the video game retailer released earnings and chairman Ryan Cohen increased his stake by 100,000 shares.
- Energy stocks surged again this week as US President Joe Biden and European leaders announced a new natural gas deal, with shares of natural gas producers Comstock Resources Inc. (CRK) and Southwestern Energy Co. (SWN) registering top gains.
- Anaplan Inc. (PLAN) shares jumped after the cloud software company announced an all-cash deal to be acquired by leading software investment firm Thoma Bravo.
- AMC Entertainment (AMC) shares continued to rally following news of the movie theatre operator’s $28 million investment in gold and silver miner Hycroft Mining.
NYSE TOP-PERFORMING STOCK
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| GameStop Corp. (GME) | 61.16 (+67.36%) | 151.95 | Services |
| Comstock Resources Inc. (CRK) | 3.43 (+36.53%) | 12.82 | Consumer Goods |
| Southwestern Energy Co. (SWN) | 1.53 (+28.60%) | 6.88 | Basic Materials |
| Anaplan Inc. (PLAN) | 14.35 (+28.37%) | 64.94 | Services |
| AMC Entertainment (AMC) | 4.44 (+28.10%) | 20.24 | Consumer Goods |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for iClick Interactive Asia Group (ICLK), Yandex NV (YNDX), Kandi Technologies Group Inc. (KNDI), Okta, Inc. (OKTA) and Ozon Holdings PLC (OZON).
- iClick Interactive Asia Group (ICLK) shares plunged after the Chinese marketing technology company released disappointing earnings and was downgraded by analysts.
- Russian stocks, including those of search engine Yandex NV (YNDX) and e-commerce company Ozon Holdings PLC (OZON), plummeted after the Moscow Exchange resumed trading.
- Kandi Technologies Group Inc. (KNDI) shares dropped after the electric vehicle maker was downgraded by analysts.
- Okta, Inc. (OKTA) shares slipped following news that hackers had succeeded in breaching the tech company’s system in January, as well as two analyst downgrades.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| iClick Interactive Asia Group (ICLK) | -0.39 (-25.49%) | 1.14 | Services |
| Yandex NV (YNDX) | -4.13 (-21.82%) | 14.80 | Technology |
| Kandi Technologies Group Inc. (KNDI) | -0.79 (-21.18%) | 2.94 | Consumer Goods |
| Okta, Inc. (OKTA) | -36.39 (-20.85%) | 138.11 | Services |
| Ozon Holdings PLC (OZON) | -2.40 (-20.67%) | 9.20 | Services |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, DiDi Global Inc. (DIDI), Zhihu Inc. (ZH), ZIM Shipping Services Ltd. (ZIM), Enfusion (ENFN) and RLX Technology Inc. (RLX) all experienced negative movement over the past week.
- Volatility continued for US-listed Chinese stocks, including those of ride-hailing leader DiDi Global Inc. (DIDI), social networking platform Zhihu Inc. (ZH), and vaping company RLX Technology Inc. (RLX), as regulatory uncertainty remained a concern for investors.
- ZIM Shipping Services Ltd. (ZIM) shares dropped following negative analyst coverage of the container shipping company.
- Shares of investment software company Enfusion (ENFN) plummeted after reporting fourth-quarter results which missed analysts’ earnings expectations.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| DiDi Global Inc. (DIDI) | -0.82 (-20.05%) | 3.27 | Financial |
| Zhihu Inc. (ZH) | -0.63 (-19.94%) | 2.53 | Services |
| ZIM Shipping Services Ltd. (ZIM) | -16.10 (-19.05%) | 68.40 | Industrial Goods |
| Enfusion (ENFN) | -2.90 (-18.79%) | 12.53 | Services |
| RLX Technology Inc. (RLX) | -0.43 (-17.99%) | 1.96 | Consumer Goods |
Highlights and Lowlights
Despite continued concerns of war and interest rates, US stocks rallied for the second week in a row, lifted by major gains for the energy sector. The NSDQ100 and SPX500 climbed 2% and 1.8% respectively, while the DJ30 was up a modest 0.3%.
What’s in Store for the Week?
Earnings season continues, with releases from Chewy, BioNTech, Walgreens, and BlackBerry. Check out eToro’s Earnings Reports Calendar for all of the details and to stay up to date.
Investors will be watching OPEC’s next ministerial meeting on Thursday, where members will decide on whether or not to increase oil production as the US and other countries boycott Russia. Deliveries reports are expected from many in the electric vehicle sector, including Tesla, Nio, and XPeng. The Personal Consumption Expenditures (PCE) Price Index, often used by the US Federal Reserve to guide monetary policy decisions, will reveal whether costs of consumer goods and services continued to rise in February. The Labor Department releases its Nonfarm Payrolls report for March, which will likely confirm a strong job market.