Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Pagaya Technologies Ltd (PGY), Toughbuilt Industries Inc. (TBLT), 1life Healthcare, Inc. (ONEM), Coinbase Global, Inc. (COIN) and Kaltura Inc. (KLTR).
- Shares of fintech company Pagaya Technologies Ltd (PGY) and construction products supplier Toughbuilt Industries Inc. (TBLT) both skyrocketed on apparent short squeezes.
- 1life Healthcare, Inc. (ONEM) shares soared following news that e-commerce giant Amazon had reportedly offered to buy the membership-based primary care provider.
- Shares of Coinbase Global, Inc. (COIN) jumped after executives of the crypto exchange released a reassuring statement saying that it does not face risk from recent bankruptcies of other crypto firms.
- Kaltura Inc. (KLTR) shares popped as analysts were bullish on the video cloud service, whose revenues for Q2 are expected to be $41.85 million.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Pagaya Technologies Ltd | 8.95 (+324.28%) | 11.71 | Financial |
| Toughbuilt Industries Inc. (TBLT) | 5.33 (+201.13%) | 7.98 | Industrial Goods |
| 1life Healthcare, Inc. (ONEM) | 6.80 (+65.70%) | 17.15 | Technology |
| Coinbase Global, Inc. (COIN) | 13.98 (+ 24.61%) | 70.82 | Financial |
| Kaltura Inc. (KLTR) | 0.44 (+21.57%) | 2.48 | Technology |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for Silvergate Capital Corp. (SI), Bath & Body Works, Inc. (BBWI), Shopify Inc. (SHOP), ChargePoint Holdings, Inc. (CHPT) and Carvana Co. (CVNA).
- Silvergate Capital Corp. (SI) shares jumped after an analyst raised his price target following the cryptocurrency banking company’s strong second-quarter earnings report.
- Bath & Body Works, Inc. (BBWI) shares surged as analysts remained bullish despite the personal care retailer’s guidance cut.
- Shares of Shopify Inc. (SHOP) gained as investors were optimistic ahead of the e-commerce company’s upcoming earnings.
- Shares of online car dealer Carvana Co. (CVNA) popped on no specific news, though meme stock traders may have been attempting a short squeeze on the heavily shorted stock.
- Shares of EV charging company ChargePoint Holdings, Inc. (CHPT) were up amid a rally for the EV sector following news that electric vehicles now account for more than 5% of overall car sales in the US.
NYSE TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Silvergate Capital Corp. (SI) | 22.50 (+35.16%) | 86.28 | Financial |
| Bath & Body Works, Inc. (BBWI) | 5.42 (+19.32%) | 33.47 | Services |
| Shopify Inc. (SHOP) | 5.39 (+16.86%) | 37.35 | Technology |
| Carvana Co. (CVNA) | 3.43 (+15.63%) | 25.38 | Consumer Goods |
| ChargePoint Holdings, Inc. (CHPT) | 1.85 (+15.42%) | 13.85 | Industrial Goods |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for United Maritime Corp. (USEA), HTG Molecular Diagnostics (HTGM), MissFresh Ltd (MF), Adamis Pharmaceuticals Corp. (ADMP) and Ultragenyx Pharmaceuticals Inc. (RARE).
- United Maritime Corp. (USEA) shares tanked after the shipping company priced its $26M equity offering at $3.25 per share.
- Shares of several health stocks tumbled, including precision medicine firm HTG Molecular Diagnostics (HTGM), biopharma company Adamis Pharmaceuticals Corp. (ADMP) and rare disease specialist Ultragenyx Pharmaceuticals Inc. (RARE).
- MissFresh Ltd (MF) shares fell amid rumours that the Chinese grocery company is considering a unit stake sale to raise funds for its struggling business.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| United Maritime Corp. (USEA) | -3.72 (-61.79%) | 2.30 | Industrial Goods |
| HTG Molecular Diagnostics (HTGM) | -0.9183 (-48.59%) | 0.9717 | Consumer Goods |
| MissFresh Ltd (MF) | -0.0914 (-23.98%) | 0.2898 | Services |
| Adamis Pharmaceuticals Corp. (ADMP) | -0.1168 (-22.69%) | 0.3980 | Healthcare |
| Ultragenyx Pharmaceuticals Inc. (RARE) | -97.21 (-12.32%) | 51.49 | Consumer Goods |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, a.k.a. Brands Holding Corp. (AKA), Snapchat Inc. (SNAP), Blue Apron Holdings, Inc. (APRN), Invitae Corp (NVTA) and Healthcare Realty Trust Inc. (HR) all experienced negative movement over the past week.
- a.k.a. Brands Holding Corp. (AKA) shares dropped after the e-commerce retailer missed preliminary Q2 sales estimates.
- Snapchat Inc. (SNAP) shares plunged after the social media company reported fiscal 2022 second-quarter earnings with its slowest revenue growth rate in years.
- Shares of meal-kit maker Blue Apron Holdings, Inc. (APRN) plummeted ahead of upcoming earnings.
- Healthcare Realty Trust Inc. (HR) shares tumbled after the real estate investment company announced the closing of their merger with Healthcare Trust of America.
- Invitae Corp (NVTA) shares sank after the genetic testing company announced disappointing preliminary Q2 revenue and full-year revenue growth guidance.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| a.k.a. Brands Holding Corp. (AKA) | -0.86 (-31.16%) | 1.90 | Services |
| Snapchat Inc. (SNAP) | -3.70 (-27.11%) | 9.94 | Technology |
| Blue Apron Holdings, Inc. (APRN) | -0.95 (-24.36%) | 2.95 | Consumer Goods |
| Healthcare Realty Trust Inc. (HR) | -4.98 (-16.97%) | 24.36 | Financial |
| Invitae Corp (NVTA) | -0.37 (-13.86%) | 2.19 | Consumer Goods |
Highlights and Lowlights
US stock markets rebounded, and despite a pullback at the end of the week, the SPX500 and DJ30 both posted their biggest weekly gains in a month — 2.6% and 2.0%, respectively — while the NSDQ100 was up 3.3%, its largest advance since July 8.
What’s in Store for the Week?
Tech giants Alphabet, Microsoft, Apple and Meta Platforms report earnings this week. Check out eToro’s Earnings Reports Calendar for all of the details and to stay up to date.Investors will also see updates on new home sales, consumer confidence, durable goods, Q2 GDP and the PCE Price Index. But this week’s main focus will be the two-day FOMC meeting, when the Federal Reserve — with reducing inflation as its top priority — is expected to raise interest rates by another 75 points at least.