The S&P 500 is having a rough start to 2022, down 11.27% year to date. Since Russia invaded Ukraine on Feb. 24, the S&P 500 has fallen an additional 0.78%.
Following are lists of sectors via Fidelity that have done well or poorly, as well as 23 of the most sold-off stocks since the war began.
The worst performing sectors over the last month are:
Gainers
Sunshine Biopharma, Inc. (NASDAQ: SBFM) shares jumped 150% to close at $3.80 on Wednesday. Sunshine Biopharma, last month, priced its 1.88 million unit uplisting to Nasdaq at $4.25 per unit.
Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.
A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to buy back the shares they initially borrowed at a higher price.
Gainers
Bon Natural Life Limited (NASDAQ: BON) climbed 24.2% to $4.11 following FY21 results. Bon Natural Life reported FY21 earnings of $0.68 per share on sales of $25.5 million.
US stocks opened on a weak note this morning after Meta Platforms, Inc. (NASDAQ: FB) reported weaker-than-expected earnings for its fourth quarter and issued a weak forecast.
Gainers
MDJM Ltd (NASDAQ: MDJH) shares surged 35.6% to close at $2.44 on Wednesday after gaining 10% on Tuesday.
GWG Holdings, Inc. (NASDAQ: GWGH) gained 31.6% to settle at $4.50.