Weekly Buzz: How will the market perform heading into the final trading week of 2022？
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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 US stocks posted a weekly loss as recession fears continue to batter investor sentiment. The S&P 500 ended last week 0.2% lower, posting its third straight weekly decline. The Nasdaq lost 2% last week, also for the third down week in a row (As of Dec 23, 2022).
Without further ado, let's dive into the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla stocks fell 18.03% last week and 65% in the year. Some of the reasons cited for the fall are rising interest rates, falling demand, Covid-19 cases in China, and Twitter distraction (As of Dec 23, 2022).
@MooMooKow
$Tesla(TSLA.US$ also dropped to 2020 prices. If it ever goes to pre pandemic levels in 2023, it will be the biggest bargain buy ever before it achieves escape velocity and goes to the moon again.
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$Tesla(TSLA.US$ also dropped to 2020 prices. If it ever goes to pre pandemic levels in 2023, it will be the biggest bargain buy ever before it achieves escape velocity and goes to the moon again.
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2. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC plunged 17.14% after theater company announces capital raise, proposes a reverse stock split (As of Dec 23, 2022).
@Mikebierer
The new stock price will not be the accumulated price of stock AMC and Stock APE. It might get up. But then the reason will be market dynamics, not your faulty mathematics.
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The new stock price will not be the accumulated price of stock AMC and Stock APE. It might get up. But then the reason will be market dynamics, not your faulty mathematics.
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3. AAPL - Buzzing Stars: ⭐⭐⭐⭐
Shares of Apple slid 1.97% last week despite Apple being maintained at Overweight by JP Morgan (As of Dec 23, 2022).
@MACKGforEver
AAPL is something to buy and hold for a while. It's not a trade stock so a dollar or near a 52-week low is a great entry point.
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AAPL is something to buy and hold for a while. It's not a trade stock so a dollar or near a 52-week low is a great entry point.
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4. AMZN - Buzzing Stars:⭐⭐⭐⭐
Amazon shares fell 2.97% last week, which is down nearly 50% this year as it heads for an annual loss after putting up more than $55 billion in profit over the previous two years (As of Dec 23, 2022).
@PREMOSULTRAA
$Amazon(AMZN.US$ One of the most well-known brands on the planet, Amazon, has become the first company to lose $1 trillion in market cap value.
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$Amazon(AMZN.US$ One of the most well-known brands on the planet, Amazon, has become the first company to lose $1 trillion in market cap value.
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5. MULN - Buzzing Stars: ⭐⭐⭐
Mullen shares plummeted 22.44% last week as Mullen missed the I-GO delivery date (as of Dec 23, 2022).
@Greenback Stocks
$Mullen Automotive(MULN.US$ strictly an opinion based on observation. i think we'll be surprised to see institutions adding shares.
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$Mullen Automotive(MULN.US$ strictly an opinion based on observation. i think we'll be surprised to see institutions adding shares.
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6. NIO - Buzzing Stars:⭐⭐⭐
NIO suffered a data breach in which a hacker demanded millions of dollars, dragging its price down 5.43% over the past week (As of Dec 23, 2022).
@Teck Wang Pang
Nio biz models are quite good and cars are in top shape. Waiting for it to move up.
Nio biz models are quite good and cars are in top shape. Waiting for it to move up.
7. 00700 - Buzzing Stars:⭐⭐⭐
Congrats to the only green baby we got this week! Tencent shares climbed 1.07% last week. Additionally, Tencent planned to focus on short videos in strategy shift (As of Dec 23, 2022).
@Digital Cat
Most reports from China suggest there is a consumer recovery beginning. It also appears the big tech regulatory pressure is easing.
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Most reports from China suggest there is a consumer recovery beginning. It also appears the big tech regulatory pressure is easing.
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8. NVDA - Buzzing Stars:⭐⭐⭐
Nvidia shares dropped 8.24% last week after its director sold 60,000 shares (As of Dec 23, 2022).
9. XPEV - Buzzing Stars:⭐⭐⭐
Xpeng shares were trading 2.33% lower last week. Besides, Xpeng motors emgerging automakers strategy research report released (As of Dec 23, 2022).
@MonkeyGee
I'm tired and disgusted with the market. However, the chart is still holding up but not beautiful. We are at the edge of a cliff again.
I'm tired and disgusted with the market. However, the chart is still holding up but not beautiful. We are at the edge of a cliff again.
10. META - Buzzing Stars:⭐⭐
Meta shares decreased 1.16% last week as Meta and users agreed to settle a class action suit for $725 million, related to data mining by Cambridge analytic (As of Dec 23, 2022).
@ehttrader
$Meta Platforms(META.US$ has agreed to pay US$725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties.
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$Meta Platforms(META.US$ has agreed to pay US$725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties.
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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!
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This week, we'd like to invite you to comment below and share your ideas on:
"How do you think the stock market will be in 2023?"
Comment below and share your ideas!
We will select 15 TOP COMMENTS by next Monday.
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*Comments within this week will be counted.
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!
"How do you think the stock market will be in 2023?"
This week, we'd like to invite you to comment below and share your ideas on:
HopeAlways : The stock market usually bounces after a bad year. But stocks usually fall during recessions and many economists and analysts foresee a recession coming. There is a lot of pessimisim among investors as we approach another new year. 2022 brought the first sustained bear market in more than a decade. Inflation remains at the highest level in 40 years. Large companies are laying off workers. Consumers are spending less. But an old saying comes to mind: It is always darkest before dawn. Even a cursory examination of the past shows that the stock market can quickly turn around. The potential for a bull market in 2023 depends much more on how events next year unfold than what has already happened. The future is not dicated by the past. But a bull market will come sooner or later. The present market decline could offer a great opportunity for patient investors.
meruson : only when fed cuts interest rate then it would stimulate growth, else it would only be bear market rallies till 2024. it would be good to invest in other markets other than the us market. use usd to buy etf of china. china is opening up, now inbound travelers don't need to be quarantined starting Jan 8 2023. bon courage.
meruson Popular on moomooOP: Thank you very much
Syuee : Energy prices are coming down because people expect a global recession and that is not the best way to bring prices down.
Countries that are commodity exporters in emerging and developing economies may now find themselves more exposed to global financial conditions and the tightening that we are seeing, because importers may have been more affected by it, particularly when it comes to their currencies.
Global recession? The base line is for global growth to go down to 2.7%. If I want to think of something that looks like a global recession, it has to go significantly below that. There are rare circumstances when growth goes under 2% which is usually associated with a global financial crisis. We certainly have downside scenarios where that might happen.
I think the Fed will need to stay the course in terms of making sure that inflation comes back to its target.
Now it certainly helps that the dynamics are moving in the right direction which means that the pace of increasing interest rates will moderate relative to what we have seen in the last couple of rounds.
HopeAlways Syuee: Similarities between our current conditions and past periods exist. But there are also factors in play in today's economy and the stock market that are different from those we have seen in previous years.
Syuee HopeAlways: No doubt, enormous changes that aren’t visible yet are looming in 2023.
Inflation and interest rates preoccupy financial markets now, but there is no assurance that will be the case a year from now.
Lack of specific knowledge about the future is a fact of life. Guessing, or betting wildly, isn’t exactly a prudent solution.
Instead, always diversify.
VCSuccess HopeAlways: Stocks could rise in 2023, but it will be a wild ride for investors. Investors are celebrating the end of 2022 after soaring inflation and the Fed's aggressive interest rate hikes made it a brutal year for stocks. But worse pain would come from a failure to raise rates high enough and from allowing inflation to become entrenched in the economy. Against this backdrop, the stock market will likely struggle in the near term.
Greenback Stocks : A trend I noticed is that institutions are buying stocks of companies that have plenty of cash in hand. So that is my current strategy. Look for oversold companies with lots of cash and development of new projects/products.
KT88 Syuee: Inflation remains the dominant issue for U.S. markets. It pressures the federal reserve to prioritise price stability over the economic expansion which could casts a cloud over the outlook for profits and asset prices. Both the duration and magnitude of the inflation overshoot has already pushed monetary policy into risky zone. I believe the likeliest scenario is for a U.S. recession over the next 12 months or so. The main question for 2023 is whether inflation pressures can ease sufficiently to allow central banks to step away from rate hikes and potentially begin easing.
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