Monthly Buzz: Is the October the month of market crashes

Popular on moomoo wrote a column · Oct 31, 2022 21:38

Hey, mooers!

Welcome back to Monthly Buzz.

October may be famous for historically horrifying stock market crashes like the ones in 1929, 1987, and 2008 (Source: CNN Business). However, this October doesn't seem as bad as we thought it would be. Take a look at how buzzing stocks of the month perform!

Source: Gifer

Buzzing Stocks List

Monthly Buzz: Is the October the month of market crashes

1. TSLA – Buzzing Stars: ⭐⭐⭐⭐⭐

Oct 03: Tesla shares were trading 8.61% lower after the company reported third-quarter vehicle deliveries below Wall Street expectations.

Oct 14: Tesla lost 7.55% as the broader market fell and after analysts at Wells Fargo lowered their price target on the electric vehicle maker.

Oct 20: Tesla shares were down 6.65% after it reported worse-than-expected Q3 sales results.

2. AMC – Buzzing Stars: ⭐⭐⭐⭐

Oct 04: Shares of AMC soared 13.81% amid overall market strength as Treasury yields fell and equities continued to rebound following recent weakness.

Oct 07: AMC Theatres to play a Netflix movie in more than 200 US locations. However, its shares plunged 8.29%.

Oct 12: AMC was down 4.41% after B.Riley lowered its price target on the stock.

3. AAPL – Buzzing Stars: ⭐⭐⭐⭐

Oct 06: Apple shares fell 0.66% as investment firm UBS noted that wait times for the new iPhone 14 product line have eased.

Oct 14: AAPL shares slid 3.22% amid a rise in treasury yields, which pressured growth stocks.

Oct 17: Apple rose 2.91% as it is expected to launch several new products in the fourth quarter.

4. NIO – Buzzing Stars: ⭐⭐⭐⭐

Oct 04: The NIO share price rose 8% after the China-based electric vehicle maker reported an uptick in September deliveries.

Oct 06: The share of NIO dropped 7.92% after Mizuho slightly cut its price target on the stock in the wake of the company's most recent delivery numbers.

Oct 19: Although NIO announced the start of the ET7 deliveries and carried out test drives in Europe, its share slumped by 10.57%.

5. XPEV – Buzzing Stars: ⭐⭐⭐

Oct 04: Xpeng surged 2.13% as it reported higher EV deliveries in Q3, up 15% from a year earlier.

Oct 12: Xpeng's electric flying car completed its first public flight in Dubai, increasing the company's shares by 1.49%.

6. NVDA – Buzzing Stars: ⭐⭐⭐

Oct 04: Biden Administration was preparing to impose an additional limitation on China's access to US semiconductor technology, leading NVDA's shares up 5.23%.

Oct 07: Nvidia shares were trading 8.03% lower after AMD lowered its third-quarter sales guidance below analyst estimates.

Oct 20: Shares of Nvidia were trading 5.89% higher in sympathy with Lam Research, which reported better-than-Q1 results.

7. MULN – Buzzing Stars: ⭐⭐⭐

Oct 7: Shares of Mullen were down by 7.68% after Mullen won the ELMS Bankruptcy auction.

Oct 19: Mullen shares were trading 57.12% higher after the company announced US Bankruptcy Court approval of its acquisition of ELMS assets.

Oct 24: Mullen shares surged 32.94% after the company announced it had secured exclusive sales distribution and branding rights for its I-GO vehicle.

8. AMD – Buzzing Stars: ⭐⭐⭐

Oct 07: AMD shares dipped 13.87% after the company lowered its Q3 sales guidance below analyst estimates.

Oct 14: Shares of AMD fell 5.09% as Citigroup cuts its price target in a research report.

Oct 17: AMD shares went up 3.61% amid a fall in treasury yields, which pressured growth stocks.

9. TWTR – Buzzing Stars: ⭐⭐⭐

Oct 04: Twitter stock jumped 22.24% after a report said Elon Musk proposed to buy Twitter at the original offer price.

Oct 06: Twitter dipped 3.72% after lawyers talked with Musk over a $44 billion buyout.

Oct 27: Twitter was set to be delisted from the New York Stock Exchange following Musk's acquisition.

10. GTII – Buzzing Stars: ⭐⭐

Oct 03: Global Tech Industries Group announced a change from the board decision regarding the strike price for the outstanding warrants, its shares surged 25.80%.

Oct 07: Global Tech Industries Group updated its shareholders on recent market activity with a 0.77% increase in its shares.

That's all for today's Monthly Buzz. Thanks for reading.

Source: All the news events mentioned above are from moomoo news. The % change data of the above stocks is from moomoo's daily quotes.