Weekly Buzz: The end of banking crisis?
Does the announcement of the CS and SVB acquisitions mean that the banking industry's winter is ending?
Spoiler:
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
After UBS agreed to buy Credit Suisse as part of a cut-price deal in an effort to stem the risk of contagion to the global banking system, First Citizens Bank & Trust Co announced to buy Silicon Valley Bank’s deposits and loans. The S&P 500 gained 1.39% for the week, and the Nasdaq added 1.66%. (As of Mar 27, 2023).
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*This list is provided for informational purposes only and is not investment advice or a recommendation of any security or investment strategy. You should not buy or sell any security on this list without first determining if it's appropriate for your portfolio or strategy by taking into account your financial situations and personal objectives. The past performance does not guarantee future results. This list only includes stocks.
Anyway, let's dive into the weekly buzzing stock list of last week:
1. FRC - Buzzing Stars: ⭐⭐⭐⭐⭐
JPMorgan, Citigroup Inc., Bank of America Corp. and Wells Fargo & Co. are each making a $5 billion uninsured deposit into First Republic. Morgan Stanley and Goldman Sachs Group Inc. are kicking in $2.5 billion apiece, while five other banks are contributing $1 billion each. However, First Republic Bank's shares still declined 46.33% last week. (As of Mar 27, 2023).
2. TSLA - Buzzing Stars: ⭐⭐⭐⭐
Tesla wants to continue to dominate the automotive industry in the coming years. After seeing the rivals get closer, Elon Musk's group has unleashed an offensive in recent months to repel them. The Austin, Texas-based automaker has declared a price war on its rivals in China and the United States, the world's two largest auto markets. Tesla has lowered the prices of all its models, from the popular Model 3 and Model Y to the very luxurious Model X and Model S. Its stock closed green, was up 5.71% last week. (As of Mar 27, 2023).
3. CS - Buzzing Stars: ⭐⭐⭐⭐
UBS agreed to buy Credit Suisse for 3 billion Swiss francs ($3.26 billion) in stock recently and to assume up to 5 billion francs in losses in a merger engineered by Swiss authorities during a period of market turmoil in global banking. Stock performance didn't improve, and the price was down 57.15% last week. (As of Mar 27, 2023).
4. NVDA - Buzzing Stars:⭐⭐⭐⭐
NVIDIA kicked off this year’s GPU Technology Conference, or GTC, on Monday, March 20. Like previous years, NVIDIA continues its charge to capture the AI hardware market. At NVIDIA GTC 2023, the hardware maker has announced multiple offerings besides its trademark computing and processing units. Nvidia's shares increased 4.1% last week, driven by a craze within the AI industry. (As of Mar 27, 2023)
@Carlosoo
NVIDIA achieves a breakthrough in chip manufacturing for ASML, TSMC, and Synopsys
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NVIDIA achieves a breakthrough in chip manufacturing for ASML, TSMC, and Synopsys
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5. GME - Buzzing Stars: ⭐⭐⭐
GameStop's first profitable quarter since January 2021 sent the stock surging, and the price soared 44.46% last week. GameStop slashed its inventory to just under $683 million at the end of the fourth quarter, down from $915 million a year earlier. (As of Mar 27, 2023).
6. AMC - Buzzing Stars:⭐⭐⭐
AMC Entertainment (AMC) closed the most recent trading day at $4.47, up 6.94% compared to last week, making no change from the previous trading session. (As of Mar 27, 2023).
7. HUBC - Buzzing Stars:⭐⭐⭐
Israeli cybersecurity specialist Hub Cyber Security was on top of the world for a while. Its stock was climbing rapidly after going public back on March 1. But things are different since it picked up a new member for its security advisory team. Last week, the stock price decreased by 22.2%. (As of Mar 27, 2023).
@Lax13
Our move to Nasdaq was done for a reason. We believe the U.S. market is better equipped to understand and appreciate our business
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Our move to Nasdaq was done for a reason. We believe the U.S. market is better equipped to understand and appreciate our business
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8. AAPL - Buzzing Stars:⭐⭐⭐
Apple Inc. plans to spend $1 billion a year to produce movies that will be released in theaters, according to people familiar with the company’s plans, part of an ambitious effort to raise its profile in Hollywood and lure subscribers to its streaming service. The shares climbed 3.39%. (As of Mar 27, 2023).
9. MULN- Buzzing Stars:⭐⭐⭐
Mullen Automotive (MULN) said recently that Qiantu Motors granted the company North and South American intellectual property and distribution rights to assemble and distribute DragonFLY K50 in the Americas. Under the program, Mullen will finalize product engineering per US standards and sell the rebranded electric vehicle under the Mullen GT & GTRS brands, according to Mullen Automotive. Shares of Mullen Automotive were down 19.6% last week. (As of Mar 27, 2023).
10. BBBY - Buzzing Stars:⭐⭐
Bed Bath & Beyond saw much movement last week, with a 20.8% decline. Bed Bath & Beyond will lay off about 1,300 more employees at four locations in New Jersey, including at discount health and beauty chain Harmon, a Worker Adjustment and Retraining Notification (WARN) notice showed last Friday. (As of Mar 27, 2023).
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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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射手座小罗 : Stab the bears to death
Triston Chua : 1. Central bank can offer long-term loans without 100% collateral to problematic financial intermediaries, at least buying some time for them to recover from the falling of bonds book value due to interest rate hikes.
2. Government can be top subscriber of long-term bonds / newly issued shares by the problematic financial intermediaries, to offer them additional liquidity to get through this difficult time.
3. Merger & Acquisition (M&A) should come in timely to stabilise the financial intermediaries, as it’s normal we see public service providers are heading towards monopolisation, and it’s the only way out to decrease competition within industry.
4. Allowing financial intermediaries to raise fund through crowdfunding and source funding from other international markets to improve liquidity.
5. Insurance providers can sell additional coverage plans to protect deposits, more than the $250,000 federal insurance. So, those who are willing to pay the premium, can have a peace of mind.
102392341 : The market needs lots of money….
Milk The Cow :
Milk The Cow : 1. The FED to
more 
for banks 
= in which I totally disagree 
or buyout
?
ing 
for them to make this stupid 'miracle' happening 
(Not financial advise 
)
investors come out to help to end it 
~
2. Merger for those failing banks
3. Ppl to stop withdrawing their deposit, duh
4. Banks to cut lost immediately by selling away their bad bonds position when the market getting pump up as the FED are
5. Why don't some holy
Milk The Cow Milk The Cow: Disagree with FED cutting/stopping rate (but market like it) = it's their punishment of high interest rate loan
= they asked for it.
.
Maybe if inflation is more under control, then can consider
Mr Trecherous :
Nase : Cramer said No so it is a big YES
Warcalling : The US government needs to announce an increase in deposit insurance or a temporary full guarantee in the midst of this crisis, so that the banking crisis can subside.
Mcsnacks H Tupack : How about the banks stop overleveraging? Oh that's right because then their bonuses aren't as big. And there are no repercussions. Too big to fail means risk doesn't exist.
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