Last Week’s Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Tesla Motors Inc. (TSLA) and Intel Corp. (INTC).
- Tesla Motors Inc. (TSLA) shares surged after the electric carmaker reported strong first-quarter results which beat analysts’ estimates.
- Intel Corp. (INTC) shares popped ahead of the chip giant’s quarterly earnings release, set for after market close this Thursday, but gave up most of those gains at the end of the week as markets fell.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Tesla Motors Inc. (TSLA) | 20.05 (+2.04%) | 1005.05 | Consumer Goods |
| Intel Corp. (INTC) | 0.87 (+1.90%) | 46.54 | Technology |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for Twitter, Inc. (TWTR), Procter & Gamble Co. (PG), Realty Income Corp. (O), Johnson & Johnson (JNJ) and Citigroup Inc. (C).
- Twitter, Inc. (TWTR) shares shot up after Tesla CEO Elon Musk made an offer to buy the social media company.
- Procter & Gamble Co. (PG) shares surged after the household goods maker posted its biggest quarterly sales gain in decades.
- Realty Income Corp. (O) shares gained as analysts were upbeat about the real estate investment trust (REIT) ahead of upcoming earnings next week.
- Johnson & Johnson (JNJ) shares popped following the release of the healthcare giant’s strong first-quarter financial results.
- Citigroup Inc. (C) shares were up following an earnings call in which the financial services leader shared that it had reduced its total exposure to Russia by about $2 billion.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Twitter, Inc. (TWTR) | 3.85 (+8.54%) | 48.93 | Technology |
| Procter & Gamble Co. (PG) | 2.68 (+1.69%) | 161.25 | Consumer Goods |
| Realty Income Corp. (O) | 0.93 (+1.28%) | 73.54 | Financial |
| Johnson & Johnson (JNJ) | 1.64 (+0.91%) | 181.54 | Healthcare |
| Citigroup Inc. (C) | 0.30 (+0.59%) | 22.76 | Financial |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for Netflix, Inc. (NFLX), Enphase Energy Inc. (ENPH), Sunrun Inc. (RUN), Corsair Gaming Inc. (CRSR) and Warner Bros Discovery Inc. (WBD).
- Netflix, Inc. (NFLX) shares plunged after the video streaming giant reported a steep subscriber loss in the first quarter of 2022, with more expected in the second quarter.
- Higher interest rates sparked a sell-off of renewable energy stocks, including those of Enphase Energy Inc. (ENPH) and Sunrun Inc. (RUN).
- Corsair Gaming Inc. (CRSR) shares tumbled after the gaming hardware specialist announced preliminary unaudited financial results which were lower than expected.
- Following Netflix’s crash, shares of its streaming competitors, including those of Warner Bros Discovery Inc. (WBD), also slipped.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Netflix, Inc. (NFLX) | -125.61 (-36.82%) | 215.52 | Services |
| Enphase Energy Inc. (ENPH) | -36.88 (-19.36%) | 153.63 | Industrial Goods |
| Sunrun Inc. (RUN) | -4.54 (-18.26%) | 20.32 | Industrial Goods |
| Corsair Gaming Inc. (CRSR) | -3.43 (-17.52%) | 16.15 | Technology |
| Warner Bros Discovery Inc. (WBD) | -4.31 (-17.32%) | 20.57 | Services |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, Shopify Inc. (SHOP), Sea Limited (SE), Spotify Technologies SA (SPOT), Roblox Corp (RBLX) and Cloudflare, Inc. (NET) all experienced negative movement over the past week.
- Shares of e-commerce giant Shopify Inc. (SHOP) crashed due to a combination of reasons, including lowered price targets, a rumour of an expensive acquisition bid to buy start-up Deliverr, and a new competing service from online shopping leader Amazon.
- Shares of Singapore-based Sea Limited (SE) continued their downward spiral in which the digital entertainment platform lost close to one-third of its market value this month.
- Investors, spooked by Netflix’s sudden crash, turned cold on a number of other content services, including digital music giant Spotify Technologies SA (SPOT), digital content specialist Roblox Corp (RBLX), and cloud computing company Cloudflare, Inc. (NET).
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Shopify Inc. (SHOP) | -119.54 (-20.63%) | 459.97 | Technology |
| Sea Limited (SE) | -20.96 (-17.30%) | 87.62 | Technology |
| Spotify Technologies SA (SPOT) | -26.06 (-19.12%) | 110.21 | Technology |
| Roblox Corp (RBLX) | -8.01 (-18.91%) | 34.35 | Technology |
| Cloudflare, Inc. (NET) | -18.76 (-16.46%) | 95.22 | Technology |
Highlights and Lowlights
US stocks fell for the third week in a row and had their worst day since 2020 as the Fed considered raising interest rates more aggressively. Netflix shook the stock market, and growth stocks in particular, as the streaming giant suddenly lost more than a third of its value. The SPX500 and the DJ30 dropped -2.7% and -1.8% respectively, while the NSDQ100 sank -3.8%.
What’s in Store for the Week?
An exciting week of earnings lies ahead, with reports from the four biggest US companies by market cap: Apple, Microsoft, Amazon and Google, as well as from many other big names. Check out eToro’s Earnings Reports Calendar for all of the details and to stay up to date.
Economic updates will include new and pending home sales, durable goods orders, and the preliminary first-quarter GDP. FOMC members will be in a pre-meeting blackout period, but investors’ frenzy around Federal Reserve interest hike news and analysts’ predictions will likely continue to make headlines.