Weekly Buzz: The stock market was off to a great start

Spoiler:

At the end of this post, there is a chance for you to win points!

Source: Giphy

Happy Monday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on the 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 market ended the first week of 2023 on a high - thanks to a sharp rally last Friday. The S&P500 and Dow gained over 1.5%, while Nasdaq gained 1% over the previous week (as of Jan 06, 2023).

Without further ado, let's dive into the weekly buzzing stock list of last week:

1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐

Tesla shares dropped 8.22% last week after it sharply cut prices of the entire Model 3 and Model Y lineup in China (as of Jan 06, 2023).

@sociable Jellyfish_9
Cut in EV prices can help to boost its demand and bring down its competitors if they don’t have the resources to fight a price war. Tesla can actually defend its market share with the price war.

2. MULN - Buzzing Stars: ⭐⭐⭐⭐

Mullen shares rallied 32.13% last week. However, Mullen recently reported that it has 161.00 million shares sold short, which is 11.69% of all regular shares that are available for trading (as of Jan 06, 2023).

@NorthernTrader
$Mullen Automotive (MULN.US)$ they borrowed and sold it. They couldn't get us to sell, unless they create more fake shares we are going up.

3. AAPL - Buzzing Stars: ⭐⭐⭐⭐

Apple shares fell 0.24% last week as it faced selling pressure at the end of the year on supply chain concerns related to production constraints (as of Jan 06, 2023).

@ecommerceshares
App Store growth not looking too good… Services as a whole (which includes iCloud etc) better at 7% consensus growth for the December quarter, but Apple needs to enter new services categories.

4. AMC - Buzzing Stars:⭐⭐⭐⭐

AMC shares decreased 5.41% last week after its price target was cut to $4.50 from $7.50 at B. Riley (as of Jan 06, 2023).

@gorgeousevan
I'm convinced conversion and R/S is going to go through. Which I'm all for. I'm curious why APE doesn't have 3 to 4 times more volume than AMC. Seems like the best bet to beat the shorts in the long run.

5. NIO - Buzzing Stars: ⭐⭐⭐

NIO shares were trading 6.36% higher last week after it reported December vehicle deliveries of 15,815, representing a 50.8% year-over-year increase (as of Jan 06, 2023).

@Teck Wang Pang
It is not about how many cars you deliver, but how Good cars you build to deliver.

6. 00700 - Buzzing Stars:⭐⭐⭐

Tencent soared 10.14% over the last week, and reentry into the top 10 clubs comes as some US stocks have suffered (as of Jan 06, 2023).

@Feirre
Tencent and miHoYo firmly occupy the first echelon in the overseas mobile game market.
Read more >>

7. AMZN - Buzzing Stars:⭐⭐⭐

AMZN shares gained 2.48% last week despite its planning to lay off over 18,000 of its employees following an annual review (as of Jan 06, 2023)

@PREMOSULTRAA
AMZN retail isn't free, just "other bets" that are expensive. Bears want to capitalize on losses, and bulls trust management.

8. JSPR - Buzzing Stars:⭐⭐⭐

Jasper Therapeutics jumped 206.46% last week after positive data from the sickle cell disease trial (as of Jan 06, 2023).

@Ripper1986
Please be aware of the numerous pumps and dumps it appears that actors are throwing out on a daily basis.
Read more >>

9. BABA - Buzzing Stars:⭐⭐⭐

Alibaba shares surged 21.92% last week after Chinese regulators reportedly approved a capital raise for Alibaba co-founder Jack Ma's Ant Group (as of Jan 06, 2023).

@JC1616
erm even TA is showing a good pattern but the PE is almost 100, be careful to trade…

10. MSFT - Buzzing Stars:⭐⭐

Microsoft shares climbed 6.21% last week as DA Davidson analyst initiated coverage of it with a Buy rating and $270 price target (as of Jan 06, 2023)

@ecommerceshares
$Microsoft (MSFT.US)$ is down a sweet $100bn in market cap due to the UBS downgrade. Sees 24.5x FCF as “not cheap given <10% revs growth”

Thanks for reading!

Awarding Moment

Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!