Winners and Losers

Winners and Losers

Happy Friday folks!

It’s the final Friday before Christmas, which means that this is our final weekly roundup of 2021 — *sad face.

Don’t fret though, as we still have plenty of analyses in the pipeline for the coming weeks, as well as plenty to get through today. 

So, let’s find out what happened on Wall Street this week.

Here were the biggest movers in the MyWallSt shortlist this week:

Moving Up ⬆️

Hain Celestial (HAIN) +6.9%

Arista Networks (ANET) +6.1%

MercadoLibre (MELI) +5.7%

Calavo Growers (CVGW) +4.8%

DocuSign (DOCU) +4.6%

Moving Down ⬇️

Huazhu Hotels Group (HTHT) -15.4%

Trupanion (TRUP) -14.7%

Roku Inc. (ROKU) -11.0%

Lovesac (LOVE) -10.5%

Align Technology (ALGN) -9.9%

What investors need to know 

Moving up

Hain Celestial (HAIN) +6.9%

The world wants to be healthier, and Hain Celestial is attempting to lead that charge with its array of healthy foods and personal care products. That catalog of products expanded this week following Hain’s acquisition of That’s How We Roll. The agreement — no disclosed fee yet — will see Hain take control of the company’s popular ParmCrisps and Thinsters products. Investors were impressed with the move, as the acquisition deepens Hain’s position in the snacking category and represents a significant step in establishing it as a leading global health food company. Our analysts recently provided an update on Hain Celestial which you can read here.

DocuSign (DOCU) +4.6%

Times are tough right now, and no one knows that better than DocuSign, which recently experienced a 42% drop in a single day thanks to disappointing guidance. Down more than 30% year-to-date (YTD), the current $30 billion market cap seems like a far more reasonable entry point for investors, hence the jump. As one of our favorite companies here at MyWallSt — both as a stock and as a tool we use — we’re still bullish on DocuSign. Read a recent update from our analysts here.

Moving down

Huazhu Hotels Group (HTHT) -15.4%

The word ‘Omicron’ will be forever cursed by a travel industry that simply can’t seem to catch a break of late. Huazhu, the leading Chinese hotel group, is feeling the impact of China’s first reported Omicron variants this week, which has opened the floodgates once more for closures, lockdowns, travel bans, and all the usual COVID-related measures. Down more than 25% year-to-date, Huazhu has not managed to gain any momentum, instead undergoing repeated volatility all year. It is unlikely that Huazhu, or any travel-related stock, will experience stability for some time yet. 

Roku Inc. (ROKU) -11.0%

Having just won a major battle with Google’s (GOOG) YouTube last week, Roku suffered an unpleasant setback in one of its other disputes. On Wednesday, it was revealed that the International Trade Commission (ITC) will ban certain Roku products from importation and sale. The decision comes off the back of a patent infringement case put forward by Universal Electronics, the global leader in wireless universal control solutions for home entertainment and smart home devices. The decision could result in major costs for Roku, though it is expected that the brand-agnostic streaming service will contest the decision so be sure to keep an eye on this story.

JamieJamie

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