Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Sunrun Inc. (RUN), Advanced Micro Devices, Inc. (AMD), Corsair Gaming Inc. (CRSR), Micron Technology, Inc. (MU) and Gevo Inc. (GEVO).
- Shares of solar energy company Sunrun Inc. (RUN) and gaming peripherals supplier Corsair Gaming Inc. (CRSR) soared, leading up to their respective earnings releases, although they both subsequently dropped after missing analysts’ expectations.
- Advanced Micro Devices, Inc. (AMD) shares surged after the semiconductor chipmaker reported strong first-quarter earnings, which may have helped lift industry peer Micron Technology, Inc. (MU)’s shares as well.
- Gevo Inc. (GEVO) shares rose after the renewable energy stock received an analyst upgrade.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Sunrun Inc. (RUN) | 3.42 (+17.11%) | 23.40 | Industrial Goods |
| Advanced Micro Devices, Inc. (AMD) | 9.71 (+11.36%) | 95.23 | Technology |
| Corsair Gaming Inc. (CRSR) | 0.50 (+3.28%) | 15.63 | Technology |
| Micron Technology, Inc. (MU) | 2.06 (+3.02%) | 70.25 | Technology |
| Gevo Inc. (GEVO) | 0.11 (+2.87%) | 3.82 | Consumer Goods |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for Citigroup Inc. (C), Northrop Grumman Corp. (NOC), AT&T, Inc. (T), Builders FirstSource, Inc. (BLDR) and Bank of America Corp. (BAC).
- As the Fed hiked interest rates, yields on US Treasury Notes rose, boosting shares of major regional and investment banks, including Citigroup Inc. (C) and Bank of America Corp. (BAC).
- Shares of Northrop Grumman Corp. (NOC), one of the world’s largest defense contractors, surged while most of the market tumbled, as analysts expect defense spending to rise.
- AT&T, Inc. (T) shares jumped after the telecommunications giant announced its intentions to raise prices on older service plans.
- Shares of Builders FirstSource, Inc. (BLDR), the largest supplier of building products in the US, gained as housing prices continued to skyrocket.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Citigroup Inc. (C) | 3.37 (+7.00%) | 51.58 | Financial |
| Northrop Grumman Corp. (NOC) | 28.73 (+6.54%) | 468.13 | Industrial Goods |
| AT&T, Inc. (T) | 1.15 (+6.11%) | 20.01 | Technology |
| Builders FirstSource, Inc. (BLDR) | 3.42 (+5.56%) | 64.99 | Industrial Goods |
| Bank of America Corp. (BAC) | 1.75 (+4.89%) | 37.43 | Financial |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for GoPro Inc. (GPRO), Crowdstrike Holdings (CRWD), Douyu (DOYU), Airbnb Inc. (ABNB) and Coinbase Global, Inc. (COIN).
- GoPro Inc. (GPRO) shares plummeted after the action camera maker posted disappointing first-quarter earnings.
- Crowdstrike Holdings (CRWD) shares tumbled amid a wider market sell-off which saw many cybersecurity industry stocks fall.
- The US Securities and Exchange Commission (SEC) added livestreaming gaming company Douyu (DOYU) to its list of Chinese tech companies facing possible delisting.
- Airbnb Inc. (ABNB) shares dropped despite the home rental platform posting positive first-quarter results.
- Coinbase Global, Inc. (COIN) shares continued to slide ahead of the crypto exchange’s upcoming earnings release.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| GoPro Inc. (GPRO) | -1.79 (-20.03%) | 7.13 | Consumer Goods |
| Crowdstrike Holdings (CRWD) | -34.09 (-17.15%) | 164.67 | Technology |
| Douyu (DOYU) | -0.22 (-12.51%) | 1.55 | Technology |
| Airbnb Inc. (ABNB) | -17.42 (-11.37%) | 135.79 | Services |
| Coinbase Global, Inc. (COIN) | -8.90 (-7.90%) | 103.81 | Financial |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, Cloudflare, Inc. (NET), Uber Technologies, Inc. (UBER), Asensus Surgical, Inc. (ASXC), Unity Software Inc. (U) and Shopify Inc. (SHOP) all experienced negative movement over the past week.
- Shares of cloud services provider Cloudflare, Inc. (NET) and ridesharing leader Uber Technologies, Inc. (UBER) plummeted following first-quarter earnings results, which were both positive overall, but not enough to sway investors fleeing from growth stocks.
- Asensus Surgical, Inc. (ASXC) shares plunged after the medical device company reported a $19 million loss in Q1.
- Shares of 3D gaming company Unity Software Inc. (U) dropped along with those of other high-growth stocks as the Fed tightened its monetary policy further.
- Shopify Inc. (SHOP) sank after the e-commerce platform reported disappointing first-quarter earnings.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Cloudflare, Inc. (NET) | -20.59 (-23.90%) | 65.55 | Technology |
| Uber Technologies, Inc. (UBER) | -5.42 (-17.23%) | 26.06 | Services |
| Asensus Surgical, Inc. (ASXC) | -0.0743 (-16.39%) | 0.3790 | Consumer Goods |
| Unity Software Inc. (U) | -9.11 (-13.72%) | 57.30 | Consumer Goods |
| Shopify Inc. (SHOP) | -49.99 (-11.71%) | 30.65 | Technology |
Highlights and Lowlights
Markets rallied early in the week as the Fed first announced its latest monetary policy, helping to somewhat offset the steep sell-off that was quick to come. Investors seemed to ultimately decide that the moves to combat inflation currently at 40-year highs were still quite hawkish. The SPX500 and the DJ30 each fell -0.2%, while the NSDQ100 slid -1.5%.
What’s in Store for the Week?
Earnings season continues, with reports from digital gaming leaders Sony and Electronic Arts, media giants Fox and Disney, and carmakers Toyota, Honda and Rivian Automotive. Check out eToro’s Earnings Reports Calendar for all of the details and to stay up to date.
The latest US inflation data will be released, with updates to the Consumer Price Index (CPI) and Producer Price Index (PPI) this week, as well as the preliminary May reading for the University of Michigan’s Consumer Sentiment Index.