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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).

NASDAQ TOP-PERFORMING STOCKS

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

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).

NASDAQ WORST-PERFORMING STOCKS

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.

NYSE WORST-PERFORMING STOCKS

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.