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Popular on moomoo joined discussion · Oct 26, 2020 08:59

[WeeklyTop5Stocks] Oops, Snap!

Happy Monday everyone and welcomes to the Moo WeeklyTop5Stocks column!

Apple Q4 Financial Report meeting is scheduled at 2:00 PM PDT/5:00 PM EST, October 29. Apple will release the financial results of the company. The sales of the new iPhone series will not be reflected in this report. 

@moo_Live will sync the Apple's Q4 Financial Report meeting to the moo community for Apple stockholders and fans to get the first-hand info, so stay tuned!

Here is the moomoo top 5 stock list for last week:
[WeeklyTop5Stocks] Oops, Snap!
Tesla released its Q3 quarterly report last week, showing record-high figures for vehicle deliveries, profitability, and free cash flow. But this did not bring more stimulus to its stock price. Tesla closed at $420.63 last Friday, resulting in a cumulative decline of 4.33% last week. It seems that Tesla continues its tradition of share price dropping after ERs.

Mooers comment: @Kittykiki If you are a long term investors, price action tomorrow should not matter or during this volatile market till EOY.
[WeeklyTop5Stocks] Oops, Snap!
Apple caught much of the attention by the sales of the new iPhone series. According to the data, the sales of the IPhone12 Pro exceeded expectations. However, the market remains cautious about its shares. Besides, its practice of not providing free-chargers for environmental protection reasons has also been criticized by the customers. The stock price of Apple fell 3.34% last week.
[WeeklyTop5Stocks] Oops, Snap!
After the fun ride, NIO’s stock price corrected and closed at $27.16, marked a weekly fall of 4.63%. The release of Tesla's earnings report made the market also maintain a high degree of focus on NIO last week. NIO was criticized for the incident of the under-considered refund commitment statement.

Mooers comments: @curtaincall It's dangerous to believe an entry below $30 is cheap. The stock value is noting to do with Nio's business in such price, correction is to come.
[WeeklyTop5Stocks] Oops, Snap!
SNAP attracted widespread market attention last week. Its financial report showed that an increase in revenue by 52% compared with the same period last year, and daily active users increased by 18%. Affected by the financial report, SNAP rose sharply last week. Its stock price closed high at $43.17 on Friday. The cumulative increase reached 55.12%. 
[WeeklyTop5Stocks] Oops, Snap!
Mooers comments: @SInba123 The stock is up 20% on Earnings. You really can't be dampened this today. Respect the Earnings!
[WeeklyTop5Stocks] Oops, Snap!
Fastly was downgraded to Underweight by Piper Sandler last week, causing its stock price to fall further. Fastly plunged 33% after the earnings report being published, and fell nearly 10% in the past week to close at 76.35, nearly as half as its highest share price two weeks ago.
[WeeklyTop5Stocks] Oops, Snap!
Here are some free and powerful tools available on Moomoo for you to find out stock movement if you want to get more timely alerts.

1, AI Monitor for traders to get real-time price movement among thousands of stocks in the market.
2, Screener used to filter stocks based on user-defined metrics.  

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Thank you for reading. See you next week.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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