Here are the reports for the Winners and the Sinners for this week. Check out last week’s Winner and the Sinners here.
Every one of the four files shut lower. The Nasdaq lost 2.18% on Friday and 3.53% for the week. The Russell 2000 turned more than 1.6% and the S&P 500 slipped 1.3%. This is the fifth week that the Dow has shut red.
Be keeping watch for greater instability one week from now, as well. The Federal Reserve will meet next Tues/Wed to raise the financing costs which should be entertaining.
Amphastar Pharmaceuticals sped up 12.57% to unequaled highs subsequent to beating on the top and primary concerns in the final quarter. $AMPH is up 47.32% in 2022.
Every one of the eleven areas completed negative. Buyer optional plunged 1.92%, correspondences disintegrated 1.8%, and tech tumbled 1.76%.
Bitcoin surrendered a percent today and looks like it could earn back the original investment bringing down this end of the week. Ugh.
Enlivened Entertainment detonated 12.6% today following its Q4 income report. More on this underneath.
$TH bounced 12.76%, $TDW rose 9.18%, and $SG avoided 5.37%. The US Dollar Index Futures was up 0.62% at 99.11.
Here are the closing prices:
S&P 500 | 4,204 | -1.30% |
Nasdaq | 12,843 | -2.18% |
Russell 2000 | 1,979 | -1.59% |
Dow Jones | 32,944 | -0.69% |
The Winners & The Sinners:
The Winners
Epam Systems Inc:
Shares of EPAM Systems tumbled nearly 40% after the software-design company said it is withdrawing its financial forecasts for the first quarter and all of 2022 as a result of “military actions” in Ukraine.
Shares plummeted after the company said in its annual 10K filing late Friday that its largest software-development sites, which it calls delivery centers, were located in Ukraine, Belarus, and Russia. As of Dec. 31, it had 12,389 so-called delivery professionals in Ukraine, 9,416 in Belarus, and 8,933, in Russia.
McDonald’s:
As Russia’s invasion of Ukraine continues, many multinational companies are announcing the suspension of sales in Russia. Restaurants are among that group, and the longer the war drags on, the more attention investors are likely to pay. It has caused at least one analyst to turn cautious on industry giant McDonald’s.
McDonald’s (MCD) said yesterday that Russian closures will cost it $50 million a month. That number looks much less daunting in the context of the company’s massive operations—it logged sales of more than $6 billion.
The top gainers on the NASDAQ Composite were Terawulf Inc (NASDAQ: WULF) which rose 49.29% to 9.51, Guardforce AI Co Ltd (NASDAQ: GFAI) which was up 45.04% to settle at 0.78, and Clearside Biomedical Inc (NASDAQ: CLSD) which acquired 42.59% to close at 1.92.
The Sinners
The most horrendously awful entertainers were Etsy Inc (NASDAQ: ETSY) which was down 11.50% to 121.23 in late exchange, Generac Holdlings Inc (NYSE: GNRC) which lost 7.11% to settle at 281.64, and Align Technology Inc (NASDAQ: ALGN) which was down 6.84% to 400.67 at the nearby.
The most horrendously awful entertainers were Orphazyme (NASDAQ: ORPH) which was down 45.75% to 0.68 in late exchange, Zhongchao Inc (NASDAQ: ZCMD) which lost 38.24% to settle at 1.05, and Exela Technologies Inc (NASDAQ: XELA) which was down 32.68% to 0.57 at the nearby.
Declining stocks dwarfed rising ones by 2336 to 869 and 117 finished unaltered; on the Nasdaq Stock Exchange, 2704 fell and 1122 progressed, while 196 finished unaltered on the New York Stock Exchange.
In commodities trading, Gold Futures for April delivery was down 0.41% or 8.15 to $1,992.25 a troy ounce.