Here are the Rockets and Duds for last week
Victoria's Secret VSCO 
How do you lose money selling $100 unmentionables? Victoria had a bad week and that is no secret. Shares fell 25% last week even though Q4 results and guidance were both ahead of estimates. But the stock had run hard into the print, up 187% in a year. This might be a case of too much foreplay.
Hycroft Mining HYMC
Hycroft, one of the hottest silver stocks of the past year, experienced some gravity last week with a 23% decline. Silver prices crashed and of course the Iran War didn't help much. But we are sure shareholders will still be OK with the stock's 1,484% gain in the past year.
Day One Pharma DAWN 
It was a good DAY for Day One last Friday, up 66% and capping a 100% gain for the week. DAWN, in the cancer drug field, agreed to be acquired by Servier SAS at an 89% premium to its stock price. A good DAY indeed.
Wix.com WIX
WIX decided that if investors don't want its shares (they are down 46% in a year) then 'screw them', we will just buy them ourselves. The company, offering web platform solutions for customers, announced a $1.75 billion Dutch Auction share buyback. Shares rose 33% for the week. The buyback is for about one-third of the company's shares.
🔓 WIX was not on our Benchmark Beaters list last week, but many other tech names were - see the full list of our Benchmark Beaters report here
United States Oil Fund USO
Oil futures last week surged the most it has even soared, since records were first kept in 1983. USO, a limited partnership designed to replicate the price of crude, rose 33% as the US blew up Iran and Iran closed the Strait of Hormuz, causing a big panic in the oil sector. Energy sector investors, while not condoning war, certainly didn't mind the profits they made from it.
Missed last week's Rockets and Duds?
Take Care,
Unlock the Power of Informed Investing with 5i Research!
DIY investing doesn't have to mean going it alone. At 5i Research, we're your trusted partner in navigating the stock market. Our platform offers comprehensive stock and market research, empowering you to make smart investment decisions.
- Investor Q&A: Have burning questions? Get answers from our team of experts and fellow investors in our dedicated Q&A section.
- Research Reports: With over 60 meticulously researched Canadian stocks, our reports offer in-depth analysis, giving you the confidence to invest wisely.
- Model Portfolios, Alerts, Forums, Portfolio Tracking, and Much More..
Analysts of 5i Research responsible for this report do not have a financial or other interest in securities mentioned. The i2i Fund does not have a financial or other interest in securities mentioned. Clients of i2i Capital Managements Private Investment Counsel service (i2i PIC) may hold a financial interest in any companies discussed and the views of i2i PIC may differ from the views of 5i Research.
Comments
Login to post a comment.