SWK - Hot Stocks: PTON takeover chatter; refinery rally; ANGH surges; CRNC plunges; SWK double downgrade

A choppy day of trading on Monday finished with mild losses for the Nasdaq and S&P 500, as stocks looked to stabilize after the sharp slide posted in January and the rebound that marked the early part of last week. The Dow ended the day just above the unchanged mark. While the overall market showed little direction during the session, refinery stocks experienced a notable buying spree. Outages in facilities in Texas led to projections of supply limitations.  Valero (NYSE:VLO), Marathon (NYSE:MPC), PBF (NYSE:PBF) and Delek (NYSE:DK) all recorded notable advances.  Peloton (NASDAQ:PTON) was another standout winner on the day. Mounting merger speculation sparked a rally of more than 20%, although the stock remains mired near its lows after a devasting fall from its pandemic highs. Elsewhere in the market, Anghami (NASDAQ:ANGH) jumped more than 60%, continuing post-SPAC strength. Looking at some of the day's most notable decliners, Cerence (NASDAQ:CRNC)

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Hot Stocks: PTON takeover chatter; refinery rally; ANGH surges; CRNC plunges; SWK double downgrade