Strong earnings boost markets: Weekly Stock Market Update

Last Weeks 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).

 

NASDAQ TOP-PERFORMING STOCKS

STOCK WEEKLY CHANGE CURRENT TRADING PRICE SECTOR
Pagaya Technologies Ltd

(PGY)

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 companys strong second-quarter earnings report.
  • Bath & Body Works, Inc. (BBWI) shares surged as analysts remained bullish despite the personal care retailers guidance cut.
  • Shares of Shopify Inc. (SHOP) gained as investors were optimistic ahead of the e-commerce companys 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 Weeks 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).

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.

Whats in Store for the Week?

Tech giants Alphabet, Microsoft, Apple and Meta Platforms report earnings this week. Check out eToros 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 weeks 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.