More Big Stock Moves as Inflation Cools

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More Big Stock Moves
as Inflation Cools

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 Stock Power 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.

  • Sonos Inc. (Nasdaq: SONO): Shares of the “Bearish” smart home audio stock soared 26% throughout the week after posting a solid earnings beat. But SONO stock is still down 20% year to date…

  • Cisco Systems Inc. (Nasdaq: CSCO): This could be a buying opportunity after shares of the “Strong Bullish” software giant sank 8% following a weaker-than-expected earnings call.

  • Fisker Inc. (NYSE: FSR): Electric vehicles are gaining market share, but it’s a rough environment for smaller manufacturers. Shares of “High-Risk” Fisker stock sank 34% last week after the electric vehicle maker cited “material weaknesses” in its financial reporting.

  • Macy’s Inc. (NYSE: M): Investors piled into Macy’s stock following a solid earnings report and improved guidance. Shares were 30% higher by the end of the week. With inflation cooling, retailers are set for a strong holiday season, but this is still a “High-Risk” stock.

  • Oatly Group (Nasdaq: OTLY): It was a solid week for the alternative dairy producer as shares ripped 42% higher, but this is another “High-Risk” penny stock with high volatility. Proceed with caution.

Have a great weekend!

— The Money & Markets team

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