Four-Week Winning Streak for Wall Street

Last Week’s Top Five Market Winners

Nasdaq Stock Market (NASDAQ)

The past week showed significant gains for Novocure Ltd. (NVCR), Novavax Inc. (NVAX), CureVac NV (CVAC), BioNTech SE (BNTX) and Inogen Inc. (INGN).

  • Novocure Ltd. (NVCR) shares skyrocketed after the oncology company provided an update on Phase III clinical trials of its experimental lung cancer treatment.
  • Novavax Inc. (NVAX) shares jumped as safety concerns surrounding Johnson & Johnson’s COVID-19 vaccine have reduced competition for the biotech company, which is currently progressing toward securing Emergency Use Authorization (EUA) for its own COVID-19 vaccine.
  • CureVac NV (CVAC) shares soared after the German biotech company announced financial results for the fourth quarter and provided an update that its COVID-19 vaccine candidate is in the final stage of clinical development.
  • BioNTech SE (BNTX) shares also gained as a result of regulators in the US halting use of the COVID vaccine manufactured by competitor J&J.
  • Inogen Inc. (INGN) shares were up after analyst forecasts upgraded the medical technology company’s estimates ahead of Q1 2021 earnings.


Novocure Ltd. (NVCR)60.41 (+45.73%)192.50Consumer goods
Novavax Inc. (NVAX)47.61 (+26.49%)227.35Consumer goods
CureVac NV (CVAC)21.37 (+24.31%)109.29Healthcare
BioNTech SE (BNTX)29.40 (+24.07%)151.54Consumer goods
Inogen Inc. (INGN)11.70 (21.65%)65.73Consumer goods

New York Stock Exchange (NYSE)

Strong results were recorded on the New York Stock Exchange for Grupo Televisa, S.A.B. (TV), Resolute Forest Products, Inc. (RFP), R.R.Donnelley & Sons Co. (RRD), Arch Coal Inc. (ARCH) and Alcoa (AA).

  • Grupo Televisa, S.A.B. (TV) shares surged after the Latin American multimedia company forged a $4.8 billion deal with US partner Univision Holdings Inc., deepening ties between the two giants of Spanish language TV. 
  • Resolute Forest Products, Inc. (RFP) shares hit a new 52-week high as strong demand drove the pulp, paper, and wood manufacturer’s stock price up ahead of its anticipated earnings report next week.
  • R.R.Donnelley & Sons Co. (RRD) shares gained after the communications company announced its offering of $350 million senior secured notes, due in 2026.
  • Alcoa (AA) shares climbed after the metals giant beat earnings expectations.  


Grupo Televisa, S.A.B. (TV)3.16 (+32.02%)13.03Services
Resolute Forest Products, Inc. (RFP)2.71 (+22.43%)14.79Consumer Goods
R.R.Donnelley & Sons Co. (RRD)0.680 (+17.00%)4.68Services
Arch Coal Inc. (ARCH)5.96 (+13.90%)48.83Consumer Goods
Alcoa (AA)4.27 (+13.62%)35.63Basic Materials

Last Week’s Top Five Market Losers

Nasdaq Stock Market (NASDAQ)

The last seven days were less than ideal for iRhythm Technologies (IRTC), Qualigen Therapeutics Inc. (QLGN), Jaguar Health Inc. (JAGX), Canaan Inc. (CAN) and IZEA Worldwide Inc. (IZEA).

  • iRhythm Technologies (IRTC) shares crashed after the cardiac care company responded to the publication of Medicare reimbursement rates, acknowledging that the new rates could significantly lower revenue.
  • Qualigen Therapeutics Inc. (QLGN) shares plunged after the biotech company withdrew its Emergency Use Authorization (EUA) application for a COVID-19 diagnostic test.
  • Jaguar Health Inc. (JAGX) shares fell after the pharmaceutical company announced their at-the-market (ATM) financing program with Ladenburg Thalmann & Co. Inc. would be increased by a staggering $15.3 million.
  • Canaan Inc. (CAN) shares slid after the crypto mining equipment maker reported disappointing final financial results for 2020.
  • IZEA Worldwide Inc. (IZEA) shares dropped after the digital marketing firm released its previously hyped strong second-quarter update in what seemed to be a “buy the rumour, sell the news” occurrence.


iRhythm Technologies (IRTC)-41.82 (-31.50%) 90.94Consumer Goods
Qualigen Therapeutics Inc. (QLGN)-0.79 (-30.00%)1.82Consumer Goods
Jaguar Health Inc. (JAGX)-0.55 (-29.73%) 1.30Consumer Goods
Canaan Inc. (CAN)-5.06 (-27.10%)13.61Technology
IZEA Worldwide Inc. (IZEA)-1.37 (-26.81%)3.74Services

New York Stock Exchange (NYSE) 

On the New York Stock Exchange, Asensus Surgical Inc. (ASXC), Virgin Galactic Holdings Inc. (SPCE), Community Health Systems Inc. (CYH), HEXO Corp. (HEXO) and Jumia Technologies AG (JMIA) stocks all experienced negative movement over the past week.


Asensus Surgical Inc. (ASXC)-0.86 (-32.95%)1.75Consumer Goods
Virgin Galactic Holdings Inc. (SPCE)-5.92 (-20.22%)23.36Consumer Goods
Community Health Systems Inc. (CYH)-1.89 (-15.83%)10.05Healthcare
HEXO Corp. (HEXO)-0.94 (-14.55%)5.52Consumer Goods
Jumia Technologies AG (JMIA)-5.12 (-13.76%)32.08Services

Highlights and Lowlights

All three major US indexes gained over 1% this week, with the SPX500 and the DJ30 climbing for the fourth week in a row to reach new highs. Over the last four weeks, the SPX500 has gained about 7%, the DJ30 gained 4%,and the NSDQ100 gained 6%.

Reports indicating economic recovery in the US as well as successful earnings reports for leading companies helped boost investor sentiment. Retail sales jumped almost 10% in March, and first-time unemployment claims fell to their lowest level since the start of the pandemic. Tech and growth stocks have overtaken investors’ attention from value shares in recent weeks.

What’s in Store for the Week?

Earnings season gets into full swing with NetflixCoca-ColaIBM, and Johnson & Johnson reporting in the week ahead.

Two reports regarding the real estate market are due out this week: existing home sales from the National Association of Realtors on Thursday, and new home sales from the US Census Bureau on Friday.

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