Weekly Buzz: Several technology giants reported earnings
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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
U.S. equity markets rallied to finish the week and the final trading day of the month, after strong earnings reports from Microsoft and Meta Platforms, among others. For the week, the Dow and S&P 500 rose 0.9%, while the Nasdaq added 1.3%. In April, the Dow rose 2.5%, its best month since January, while the S&P 500 gained 1.5% and the Nasdaq was flat.
Treasury yields fell on Friday, with the yield on the 10-year note down eight basis points to 3.44%. Crude oil prices rebounded but ended lower for the second consecutive week, as worries about a global economic slowdown impacted the outlook for demand. The price of WTI crude—the U.S. benchmark—was just below $77 per barrel. (As of May 1, 2023)
*Note: All contents such as comments and links posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult with a qualified financial professional for your personal financial planning and tax situations.
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. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla's shares have fallen below the half-trillion dollar mark as investors fear that the company's plan to cut prices will impact its profits. The stock price fell by 0.47% to $164.310 last week. (As of May 1, 2023)
@ClydePeternuts: Cathie Wood Doubles Down on Tesla Stock After Earnings
2. FRC - Buzzing Stars: ⭐⭐⭐⭐ 13.19%
First Republic Bank is seeking additional aid from other banks after reporting a nearly 41% deposit flight in its first-quarter earnings beat. The bank's stock has plummeted, and the San Francisco-based outfit is now trying to persuade its previous rescuers to bail it out again with a buy now or pay more later pitch. (As of May 1, 2023)
@Edmonton: latest news obtained from Moomoo web
3. MULN - Buzzing Stars: ⭐⭐⭐⭐
Mullen Automotive has formed a joint venture with Global EV Technology and EV Technologies to develop advanced energy operations. Under the deal, Mullen will own a 51% stake while the rest will be owned by the joint venture formed by the two companies. (As of May 1, 2023)
4. AMC - Buzzing Stars:⭐⭐⭐⭐
AMC Theatres has launched the AMC Entertainment Visa Card. The card, which can only be applied for by AMC Stubs members, offers accelerated AMC Stubs points on purchases at all AMC locations, as well as for groceries, gas and all other purchases, and is the only co-branded movie theatre credit card in the US. (As of May 1, 2023)
@Flord: I want one thing and one thing only
5. BBBY - Buzzing Stars: ⭐⭐⭐
Bed Bath & Beyond's common stock will be officially suspended from the Nasdaq exchange on May 3 as the company winds down its operations in Chapter 11 bankruptcy. The company had hoped to clear the way for a reverse stock split with a shareholder meeting scheduled for May 9, but this has been cancelled. (As of May 1, 2023)
@William X: Another delisted case for reference
6. MSFT - Buzzing Stars:⭐⭐⭐ 17.58%
Microsoft reported its Q3 fiscal 2023 earnings, beating expectations with earnings of $2.45 per share and revenues of $52.8bn, up 7.1% YoY. Commercial bookings were up 11% YoY, driven by strong renewal execution, while Microsoft Cloud revenues reached $28.5bn, up 22% YoY. The Productivity & Business Processes segment contributed 33.1% to total revenues, with revenues up 11% YoY, while the Intelligent Cloud segment contributed 41.8% to total revenues, with revenues up 16% YoY. The More Personal Computing segment contributed 25.1% to total revenues, with revenues down 9% YoY. (As of May 1, 2023)
7. META - Buzzing Stars:⭐⭐⭐
Meta reported first-quarter revenue of $28.1bn, up 3% YoY and beating analyst expectations of $27.66bn. Despite the revenue beat, Meta's net income was down 24% YoY, from $7.47bn to $5.71bn, and it has continued to struggle with its pivot away from social media to the metaverse. Meta is now shifting its focus to artificial intelligence, following a trend in the industry, and anticipates capital expenditures of $30-33bn as it seeks to build out AI capacity in its platforms. (As of May 1, 2023)
@FiveHundredCents：Meta's first-quarter revenue unexpectedly reverses a three-quarter decline streak
8. NIO - Buzzing Stars:⭐⭐⭐
Electric vehicle manufacturer NIO has reported a surge in demand for its battery swap stations, with 60% of its customers using one of its 1,383 Power Swap Stations. The company's milestone of 10 billion kilometers driven by its users highlights the increasing popularity of NIO's charging solution. NIO plans to expand its network with an additional 1,000 Power Swap Stations in China and up to 70 in Europe by the end of 2023. (As of May 1, 2023)
@Teck Wang Pang：Quite good and reliable.
9. CXAI - Buzzing Stars:⭐⭐⭐
The stock price of CXApp Inc. rose 8.95% to $10.10 due to buyer momentum. The company has a market cap of $189.58 million and a 52-week performance range of $21.00 and $1.21. Short-term indicators suggest that CXAI is a 50% sell, while medium-term indicators suggest it is also a 50% sell. Long-term indicators, however, categorize the stock as a 50% buy. (As of May 1, 2023).
10. AAPL - Buzzing Stars:⭐⭐
Apple is reportedly developing an AI-powered health coaching service called Quartz, as well as new technology for tracking emotions. The service is designed to help users improve exercise, eating, and sleeping habits, using data from an Apple Watch to create tailored coaching programs. (As of May 1, 2023).
@Vais Bargoroth：Did Apple Really Win?
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SonnyM : Microsoft, brilliant sales, good margins, AI potential and only company besides J&J with triple A credit rating. Might be a new receasion-safe stock. Good CEO too.
alan小韭菜 : As long as the performance is good, people will buy it, and it will rise
Milk The Cow :
Milk The Cow : For now, I won't buy tech stock with good earning due to too many uncertainty...
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to me in the given environment, surprisingly 
. From data, economy seem doing quite well 
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Though, I may buy it if it looks undervalued to me
If sh*t happened, my portfolio won't tank that much if I buy them when it's undervalued to me.
Having that said, tech earning report seem doing quite OK
Yeoh 103087172 : Because data analysis is trustworthy
GodSpeed289 : Still holding on Zoom Stock. As of May 1, Zoom stock has retreated 9% in 2023. With the coronavirus emergency over, (ZM) faces intensified competition. Microsoft and its Teams Comm tools are Zoom's major rival in the business market. Finally, Zoom Video is racing to build more artificial intelligence tools (called Zoom IQ)into its business communications platform. On the plus side, Zoom Video has about $5.4 billion in cash on its balance sheet. Revenue growth for Zoom stock depends on its success in the corporate market. And, the outlook for ZM stock is tied to whether the company morphs into a broader business communications platform. I hope ZM will succeed.
EYSY : I don't have any technology stocks in my portfolio at the moment. Used to hold the popular ones like Apple, Microsoft and Nvidia in my portfolio. Apple and Microsoft have risen 40% since their last lows and Nvidia has more than doubled. Optimism levels have increased substantially and wouldn't enter now. Staying at the side line to watch
cola1010 : Apple, Amazon, Microsoft, Alphabet, and other popular technology stocks have historically performed well and are popular among investors. I am currently invested in Apple shares. Apple has historically been a popular stock among investors, and its performance has been excellent. The company has a strong brand, a dedicated consumer base, and diversified its revenue streams beyond its core iPhone business in recent years, with increasing revenue from services such as the App Store, Apple Music, and iCloud. Including Apple in a portfolio can be a smart option for certain investors, but it is also important to diversify the portfolio as this can help to limit risk.
小刘 alan小韭菜: Yes, I read it very clearly
小刘 EYSY: Technology stocks are very good. I also prefer technology stocks
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