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Weekly Buzz: Earnings season in full swing
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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. equities experienced a sell-off on Friday following the release of weaker-than-expected economic data. A significant measure of consumer sentiment plunged to its lowest level since November, intensifying concerns among investors. Adding to the downturn, bank stocks extended their decline from the previous day. Meanwhile, crude oil futures faced a slight decrease throughout the week due to mounting worries about a potential recession and reduced demand. The price of West Texas Intermediate (WTI) crude, considered the benchmark for the U.S., closed the Friday session near $70 per barrel. (As of May 15, 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 has raised the prices of its Model S, Y, and X electric vehicles in the US while announcing a recall of 1,104,622 vehicles imported and produced in China. The stock showed a 1.22% decline last week. (As of May 15, 2023)
2. AMC - Buzzing Stars:
AMC and AMC+ have released a teaser for the second season of the critically acclaimed series Dark Winds. The six-episode second season, produced by AMC Studios and based on the Leaphorn & Chee book series by Tony Hillerman, stars Zahn McClarnon, Kiowa Gordon, and Jessica Matten. It will debut on AMC and AMC+ in July. However, its shares declined 11.71% last week. (As of May 15, 2023)
3. MULN - Buzzing Stars:
Mullen Automotive has signed a vehicle purchase agreement with MGT Lease Company to buy 250 all-electric commercial Class 3 cab chassis EV trucks. The contract is worth $15.8m and the vehicles are scheduled for delivery from August 2023 until December 2023. Mullen Automotive's shares were down 15.33% at $1.27. (As of May 15, 2023)
4. AAPL - Buzzing Stars:
Apple is reportedly close to unveiling its mixed-reality headset after seven years of development, with an expected reveal at its Worldwide Developers Conference on June 5. However, reports suggest that the headset may not meet the expectations of VR enthusiasts. Apple's shares were largely unchanged last week, with only a 0.44% decline. (As of May 15, 2023)
5. PYPL - Buzzing Stars:
PYPL reported non-GAAP earnings of $1.17 per share for first-quarter 2023, beating the Zacks Consensus Estimate by 6.4%. The figure improved 33% on a year-over-year basis. Net revenues of $7.04 billion exhibited year-over-year growth of 10% on an FX-neutral basis and 9% on a reported basis. It saw much movement last week, with a 17.71% decline. (As of May 15, 2023)
6. TRVN - Buzzing Stars:
Shares of Trevena Inc. surged 114.29% after the company's China-based partner received formal approval from China health regulators for the pain treatment Olinvyk. Olinvyk was approved by the US Food and Drug Administration in August 2020 and has now been approved by China's National Medical Products Administration. (As of May 15, 2023)
7. PACW - Buzzing Stars:
Shares of PacWest Bancorp fell by 20.84% last week after the bank said its deposits had declined and pledged more collateral to the US Federal Reserve to boost its liquidity. The Los Angeles-based lender saw deposits plummet 9.5% last week, causing a majority of the outflows. (As of May 15, 2023)
8. PLTR - Buzzing Stars:
Shares of Palantir Technologies soared by 28.21% after the data analytics software firm reported better-than-expected Q1 earnings and revenue that beat Wall Street estimates. Its adjusted earnings were $0.05, while revenue rose 18% to $525m. (As of May 15, 2023)
9. NVDA - Buzzing Stars:
NVIDIA has released an update for its RTX Remix runtime, which is part of the NVIDIA Studio Toolkit that allows developers to add new technologies like NVIDIA DLSS, path tracing, or AI-enhanced game resources to DirectX 9 and DirectX 8 games. NVIDIA Corporation shares are trading lower by 1.19%. (As of May 15, 2023)
10. NIO - Buzzing Stars:
Chinese electric vehicle (EV) maker NIO has installed 21 battery swap stations along the Beijing-Taipei highway, taking its total network to 1,383 stations across China and Europe. The move comes as NIO's vehicles complete 10 billion kilometres on the road, with 60% of its drivers having used battery swapping stations. NIO's shares fell 2.45% last week. (As of May 15, 2023)
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