Weekly Buzz: Will we see a Santa Claus rally?
Spoiler:
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Happy Monday, mooers!
Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week (Nano caps are excluded).
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Buzzing Stocks List & Mooers Comments
The major indices closed lower for the second consecutive week. The S&P 500 fell 2.08% for the week. The Dow and Nasdaq fell 1.7% and 2.7%, respectively (Data as of Dec 16, 2022). After two weeks of negative closing, mooers are hoping for a Santa rally this week.
Without further ado, let's dive into the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla shares plunged 16.10% last week to a two-year low amid their recent widespread sell-off (as of Dec 16, 2022).
@clotzyng
first time down to 200 week MA since March 2020 pandemic crash. Opportunity or danger?
first time down to 200 week MA since March 2020 pandemic crash. Opportunity or danger?
2. MULN - Buzzing Stars: ⭐⭐⭐⭐
Mullen shares soared 52.63% last week as it won a purchase order for 6,000 Class 1 EV cargo vans from Randy Marion Isuzu, LLC (as of Dec 16, 2022).
@Biff
Waiting for
1. Delivery of 200 cargo vans too Amazon partner
2. Production started on the 6000 cargo vans
3. Big one...Production of the cars started
Waiting for
1. Delivery of 200 cargo vans too Amazon partner
2. Production started on the 6000 cargo vans
3. Big one...Production of the cars started
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC dropped 10.61% last week despite launching a new visa payment card (as of Dec 16, 2022).
@71707650
A reverse stock split will change the cusip# number of AMC forcing shorts and the machine to cover the previous shorts of the old AMC stock without exception.
A reverse stock split will change the cusip# number of AMC forcing shorts and the machine to cover the previous shorts of the old AMC stock without exception.
4. AAPL - Buzzing Stars:⭐⭐⭐⭐
Apple shares were trading 5.38% lower last week amid overall market weakness following Thursday's Fed decision to raise interest rates by 50 basis points (as of Dec 16, 2022).
5. COSM - Buzzing Stars: ⭐⭐⭐
Cosmos shares jumped 160.74% over the past week as it announced a 1-for-25 reverse stock split (as of Dec 16, 2022).
@joeyboulevard
math on this doesn't even make sense. support at $1.7, resistance at $17.00 with an uptrend to $43.00? crazy week ahead
math on this doesn't even make sense. support at $1.7, resistance at $17.00 with an uptrend to $43.00? crazy week ahead
6. MLGO - Buzzing Stars:⭐⭐⭐
WiMi announced its subsidiary MicroAlgo to be listed on NASDAQ valued at $400M. The share price of MLGO plummeted 79.75% over the past week (as of Dec 16, 2022).
@Casablc
A short squeeze could happen anytime as only 10% share is float (less than 4 million shares) for trading.
A short squeeze could happen anytime as only 10% share is float (less than 4 million shares) for trading.
7. 00700 - Buzzing Stars:⭐⭐⭐
Tencent shares fell 2.70% last week even though it repurchased 1.11 million shares last Friday. (as of Dec 16, 2022).
@Johnnie Worker
Chinese stocks are definitely coming back to live
Chinese stocks are definitely coming back to live
8. NVDA - Buzzing Stars:⭐⭐⭐
Nvidia shares were trading 2.53% lower last week after HSBC initiated coverage on the stock with a Reduce rating and $136 price target (as of Dec 16, 2022).
@Bertramie
KeyBanc analyst John Vinh has set a $230 price target on Nvidia, citing the company's ability to offset export restrictions to China.
Read more >>
KeyBanc analyst John Vinh has set a $230 price target on Nvidia, citing the company's ability to offset export restrictions to China.
Read more >>
9. NIO - Buzzing Stars:⭐⭐⭐
NIO shares went down 8.16% last week. It may be due to the latest news from the Federal Reserve about interest rates (as of Dec 16, 2022).
@Teck Wang Pang
Nio had experience Govt that wanted Zero covid policy and they had survived till now. They had come out with new contingency plan that will emerge stronger.
Nio had experience Govt that wanted Zero covid policy and they had survived till now. They had come out with new contingency plan that will emerge stronger.
10. XPEV - Buzzing Stars:⭐⭐
Although Xpeng announced a plan to launch MPV, SUV and Modified Version of P7 in 2023, the price of XPEV declined 5.85% over the past week (as of Dec 16, 2022).
@Timo
Xpeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China.
Xpeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China.
Thanks for your reading!![]()
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
Note: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Weekly Topic
Time to be rewarded for your great insights and knowledge!![]()
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This week, we'd like to invite you to comment below and share your ideas on:
"How to avoid panic selling?"
Comment below and share your ideas!
We will select 15 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
We will select 15 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
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Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your ideas on:
"How to avoid panic selling?"
TinkerB3ll : For long term investment either DCA or go for a walk if the market is down.
HopeAlways : The adage "keep calm and carry on" might be the best advice for investors to follow during times of extreme market volatility such as the present. While it may seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames, it typically pays to wait it out. As the declines continue, new record lows are constantly set. For those who can avoid panic selling and shoulder the added risk, it pays to stay invested in the long term.
Milk The Cow :
bullrider_21 : The U.S. market already started its midterm cum year end rally from mid Oct. It looks like the rally may have ended last week. I don't think there will be a Santa Claus rally (last 5 trading days of this year and first 2 trading days of next year) this year. This portends that next year will be a bad year.
Milk The Cow : I just weighs the position I'd & based on my DYODD on the valuation of the stock (overvalued or undervalued
).
& wait for opportunities again.
Sell on overvalued + bad macroeconomic.
Hold on stocks in which I think is undervalued.
On normal valuation stock, I may reduce my position if I wanna reduce my risk exposure to the market, given in a bad macroeconomic situation
Buy low, sell high/average
lastnite24 : the only way to avoid panic selling is to truly know what you are holding and what the company is worth.
to know this you have to look at how much product your company produces and at what product percentage. from there you compare the stock to its competitors. if you knew that to begin with and it's favorable, then by all means dollar cost average down.
if the numbers just don't add up then I wouldn't stick with a company whatsoever
Syuee : The fear of losing money is causing one to panic sell. When Smart Money wants us to sell to them, they mark the price down quickly and the weak holders (those with limited capital and less experience) sell out immediately.
We need to know, if the market is under accumulation (Smart Money is buying) or distribution (Smart Money is selling). It is very important to have a good understanding of market structure.
Technical analysis can help us find potential supply/demand zones, support/resistance zones, potential reversal zones, and targets so that we have some concept of where reactions in price MAY occur.
If we go long or short without considering these zones, we may get frustrated.
Thus, pay close attention to the VOLUME, but also find important levels such as weekly, monthly, and yearly highs and lows, so we have an idea where price may be heading next.
If we have spent sufficient time to research and buy concrete stocks with good fundamentals and a good story, then we should not have to panic when the stock price plummet.
If we truly believe that the market is panic selling resulting in a stock price below intrinsic value, take this opportunity to purchase more stocks at a great discount.
I would also suggest to practice meditation, play sports, exercise, spend time with our loved ones and work on our spiritual growth because these may help to de-stress and clear our minds too.
Buy No Fear. Fear No Buy.
HopeAlways Syuee: Panic selling during market downturn can add insult to injury for investors. Investors should think about the loss of potential future gains when selling during a bear market.
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