Last Week’s Top Five Market Winners
Nasdaq Stock Market (NASDAQ)
The past week included significant gains for Tower Semiconductor Ltd. (TSEM), Upstart Holdings Inc. (UPST), Visteon Corp. (VC), Sabre Corp. (SABR) and MoneyGram International Inc. (MGI).
- Tower Semiconductor Ltd. (TSEM) shares surged following news that the chip manufacturer will be acquired by tech titan Intel in a $5.4 billion all-cash deal.
- Upstart Holdings Inc. (UPST) shares soared after the artificial intelligence (AI) lending platform reported strong fourth-quarter earnings.
- Visteon Corp. (VC) shares popped after the automotive electronics maker reported fourth-quarter and full-year results.
- Sabre Corp. (SABR) shares jumped after the travel solutions provider’s earnings beat analyst expectations.
- MoneyGram International Inc. (MGI) shares spiked after the payment services company announced a $1.8 billion deal in which it would be acquired by private equity firm Madison Dearborn Partners.
NASDAQ TOP-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Tower Semiconductor Ltd. (TSEM) | 13.14 (+38.88%) | 46.94 | Technology |
| Upstart Holdings Inc. (UPST) | 30.03 (+30.02%) | 130.05 | Financial |
| Visteon Corp. (VC) | 26.14 (+27.74%) | 120.37 | Consumer Goods |
| Sabre Corp. (SABR) | 2.29 (+24.81%) | 11.52 | Consumer Goods |
| MoneyGram International Inc. (MGI) | 2.13 (+24.71%) | 10.75 | Consumer Goods |
New York Stock Exchange (NYSE)
Strong results were recorded on the New York Stock Exchange for Zomedica Corp. (ZOM), KAR Auction Services (KAR), Brookdale Senior Living Inc. (BKD), US Silica Holdings Inc. (SLCA) and Nu Holdings Ltd. (NU).
- Shares of veterinary health diagnostics company Zomedica Corp. (ZOM) surged in what seemed to be a meme-driven rally without specific company news behind it.
- KAR Auction Services (KAR) shares jumped after the used vehicle marketplace beat earnings estimates.
- Brookdale Senior Living Inc. (BKD) shares gained as investors responded positively to the assisted living services provider’s fourth-quarter earnings.
- US Silica Holdings Inc. (SLCA) shares popped after the minerals supplier posted its latest quarterly earnings results.
- Nu Holdings Ltd. (NU) shares were up as investment heavyweights Berkshire Hathaway and Tiger Global Management disclosed their stakes in the Brazilian fintech company, ahead of its upcoming earnings release.
NYSE TOP-PERFORMING STOCK
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Zomedica Corp. (ZOM) | 0.0698 (+23.78%) | 0.3633 | Consumer Goods |
| KAR Auction Services (KAR) | 2.08 (+17.49%) | 13.97 | Consumer Goods |
| Brookdale Senior Living Inc. (BKD) | 0.92 (+16.79%) | 6.40 | Consumer Goods |
| US Silica Holdings Inc. (SLCA) | 1.56 (+15.40%) | 11.69 | Consumer Goods |
| Nu Holdings Ltd. (NU) | 1.31 (+15.34%) | 9.85 | Financial |
Last Week’s Top Five Market Losers
Nasdaq Stock Market (NASDAQ)
The last seven days were less than ideal for Toughbuilt Industries Inc. (TBLT), Masimo Corp. (MASI), Roku Inc. (ROKU), Bakkt Holdings Inc. (BKKT) and Wix.com Ltd. (WIX).
- Toughbuilt Industries Inc. (TBLT) shares dropped sharply after the construction tools and accessories company announced the closing of a $5 million registered direct offering.
- Despite solid fourth-quarter earnings, shares of medical technology company Masimo Corp. (MASI) tanked following news that it plans to acquire audio technology company Sound United.
- Shares of digital streaming platform Roku Inc. (ROKU) plummeted after disappointing investors with its latest earnings report and predictions of slowing growth.
- Bakkt Holdings Inc. (BKKT) shares dropped after the cryptoasset platform reported disappointing fourth-quarter and full-year earnings results.
- Wix.com Ltd. (WIX) shares plunged after the cloud-based web development platform’s earnings fell short of analyst forecasts.
NASDAQ WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Toughbuilt Industries Inc. (TBLT) | -0.1014 (-37.71%) | 0.1675 | Industrial Goods |
| Masimo Corp. (MASI) | -76.73 (-33.21%) | 154.34 | Consumer Goods |
| Roku Inc. (ROKU) | -51.48 (-31.40%) | 112.46 | Services |
| Bakkt Holdings Inc. (BKKT) | -2.05 (-28.24%) | 5.21 | Services |
| Wix.com Ltd. (WIX) | -30.19 (-25.96%) | 86.12 | Technology |
New York Stock Exchange (NYSE)
On the New York Stock Exchange, Fastly Inc. (FSLY), Roblox Corp. (RBLX), Toast Inc. (TOST), Shopify Inc. (SHOP) and Altice USA Inc. (ATUS) all experienced negative movement over the past week.
- Shares of edge cloud platform Fastly Inc. (FSLY), gaming platform Roblox Corp. (RBLX), restaurant software company Toast Inc. (TOST), e-commerce giant Shopify Inc. (SHOP) and telecommunications company Altice USA Inc. (ATUS) all plummeted after releasing quarterly earnings.
NYSE WORST-PERFORMING STOCKS
| STOCK | WEEKLY CHANGE | CURRENT TRADING PRICE | SECTOR |
| Fastly Inc. (FSLY) | -9.46 (-33.59%) | 18.70 | Services |
| Roblox Corp. (RBLX) | -17.09 (-25.58%) | 49.72 | Technology |
| Toast Inc. (TOST) | -6.72 (-24.36%) | 20.87 | Technology |
| Shopify Inc. (SHOP) | -197.12 (-23.08%) | 656.88 | Technology |
| Altice USA Inc. (ATUS) | -3.28 (-22.16%) | 11.52 | Services |
Highlights and Lowlights
Tensions between Russia and Ukraine sent stock markets tumbling, as investors fled from the volatility into more traditional safe havens such as gold and bonds. The DJ30 and SPX500 dropped -1.8% and -1.5% respectively, while the NSDQ100 fell -1.7%.
Oil’s eight-week rally came to an end as concerns grew of possible supply disruptions due to the escalation of the Russia-Ukraine conflict.
What’s in Store for the Week?
US markets are closed today (Monday) for the Presidents’ Day holiday.
More companies releasing earnings include Home Depot, eBay, Moderna, Macy’s, Alibaba and Coinbase. Check out eToro’s Earnings Reports Calendar for all of the details and to stay up to date.
Economic data to be released this week include IHS Markit’s February flash manufacturing and services PMI readings, the Conference Board’s latest Consumer Confidence Index report, and the University of Michigan’s final reading of its February Consumer Sentiment Index.