3 Big Stock Price Swings in a Short Week

Here’s how they rate… Published By Money & Markets, LLC. July 06, 2024 Published By Money & Markets, LLC. July 06, 2024 [Turn Your Images On] 3 Big Stock Price Swings in a Short Week Editor's Note: Every week, you watch stocks from industries across the board pop (or drop), but you may wonder if it's time to buy in. That's what today's Money & Markets Daily is all about. We'll show you some of the week's biggest movers and then run them through Adam O'Dell's proprietary Green Zone Power Ratings to see how they stack up. - Newegg Commerce Inc. (Nasdaq: NEGG): Are investors chasing tech gains wherever they can find them? Shares of this online retailer known for its wide selection of computer hardware and consumer electronics popped more than 20% this week, but there's a major issue. The stock that rates ["High-Risk"]( in Green Zone Power Ratings is down almost 10% in 2024 (even after this week's gain), and the Nasdaq warned Newegg its stock could be delisted for not complying with listing rules. NEGG’s closing price, at the time of the notice, was below $1 per share for 30 consecutive business days. - Xpeng Inc. (NYSE: XPEV): Shares of the Chinese electric vehicle maker fell 9% on Friday, despite the company reporting it delivered 10,688 units in June, a 24% increase from the same month last year. The problem? It's facing stiff competition in its home country from the likes of Li Auto and Nio. The ["High-Risk"]( stock has lost 46% year to date. - Macy's Inc. (NYSE: M): Not to be outshone by its annual Fourth of July fireworks show in New York the previous night, Macy's shares jumped almost 10% higher when trading resumed on the NYSE Friday morning. Why? Arkhouse Management and Brigade Capital Management upped their takeover bid from $24 per share to $24.80 per share (roughly $6.9 billion total). The stock still rates ["Bearish"]( due in part to volatile trading throughout 2024. — The Money & Markets team --------------------------------------------------------------- Top Research From the Last Week [Turn Your Images On]( [This “Dark Horse” Candidate Will Change the World]( [Turn Your Images On]( [Is Troubled Boeing Stock Cleared for Take-Off?]( [Turn Your Images On]( [The Fed’s “Inflation Gauge” Just Hit a 3-Year Low]( [Turn Your Images On]( [Cooling Inflation Hasn’t Helped These 2 Stocks]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. 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Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](