Weekly Buzz: How long might the bull market run?
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At the end of this post, there is a chance for you to win points!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.)
At the end of this post, there is a chance for you to win points!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.)
Make Your Choices
Buzzing Stocks List & Mooers Comments
Last week, $S&P 500 Index(.SPX.US$ rose above 4,300 for the first time since August, heading for four-week winning streak. The S&P 500 Index entered a bull market Thursday as stocks rallied back from last year’s lows. Investors are coming off a positive week for markets, with the S&P 500 posting its fourth straight week of gains and brushing its highest point since August. Last Friday, the broader market index added 0.11%, closing at 4,298.86. The $Dow Jones Industrial Average(.DJI.US$ rose 43.17 points or 0.13%. The $Nasdaq Composite Index(.IXIC.US$ climbed 0.16%. Several famous growth stocks were also going up and regained people's attention once again. (As of Jun 9, 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. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
$Tesla(TSLA.US$ shares weekly % chg rose by 14.22% and closed at $244.40 last week. Tesla stock is soaring, and shares of EV charging company ChargePoint Holdings are cratering. Tesla CEO Elon Musk on Friday weighed the possibility of the EV giant having a market capitalization bigger then Apple and Saudi Aramco combined. Musk was responding to a Twitter user's prediction Tesla's worth to be about $5 trillion in the future it's possible. (As of Jun 9, 2023)
@73215712: To everyone who didn't dump but stayed with the pump. cheers and have a safe weekend.
2. AAPL - Buzzing Stars: ⭐⭐⭐⭐
$Apple(AAPL.US$ shares weekly % chg rose by 0.01% and closed at $180.96. Last week Apple unveiled its Vision Pro headset, which was greeted with awe by many reviewers. Apple's stock price had dropped slightly due to the high cost of Vision Pro. (As of Jun 9, 2023)
@ehttrader: Apple slashes Vision Pro sales target to 150,000 units.
3. MULN - Buzzing Stars: ⭐⭐⭐⭐
$Mullen Automotive(MULN.US$ shares weekly % chg decreased by 42.16% to $0.432. The company's market cap stands at $74.5245 million. Among scores of hard-hit speculative growth stocks, there may be some worthy of a contrarian wager. Mullen stock has been setting new all-time lows since early March, and there is no reason for it to stop in the near term. Mullen burned about $68 million in the first quarter of this year, and that figure should rise as it begins production of the Mullen Three in July. (As of Jun 9, 2023)
@Biff: Remember MULN is still waiting for free Millions from the EPA. Could happen anytime.
4. FFIE - Buzzing Stars: ⭐⭐⭐⭐
@FFIE shares weekly % chg rose by 36.58% to $0.3278. The company's market cap stands at $419.5 million. FFIE is vulnerable despite 2025 profit hopes. The stock price has made a slow recovery in the past few weeks after the company unveiled FF 91 that will cost over $300k. The company also jumped in the artificial intelligence bandwagon by launching its Futuristic Alliance model. The stock has jumped by more than 130% from the lowest level this year. (As of Jun 9, 2023)
@GenMillennial-117: Buy the dip!?, they just sold their first 3 cars yesterday, apparently.
5. AMC - Buzzing Stars: ⭐⭐⭐
@AMC shares weekly % chg rose by 4.84% to $4.77. The company's market cap stands at $2477 million. With revenue growth that's inferior to most other companies of late, AMC Entertainment Holdings has been relatively sluggish. It seems that many are expecting the uninspiring revenue performance to persist, which has repressed the growth of the P/S ratio. (As of Jun 9, 2023)
@The Brown Knight: AMC is not going to be able to refinance their debt because interest rates are higher and that means they'll pay more and make them less profitable than they are now.
6. NVDA - Buzzing Stars: ⭐⭐⭐
$NVIDIA(NVDA.US$ shares weekly % chg decreased by 1.41% to $387.7. The company's market cap stands at $957.62 billion. Nvidia stock has gained about 164% year-to-date on the back of solid demand for its AI-led chips. Tech stocks' recent rally has already raised concerns about the valuation and the possibility of a downturn or a correction, especially amid a weak macro backdrop. Whether tech stocks could witness a correction remains a wait-and-see story. (As of Jun 9, 2023)
@sociable Jellyfish_9: Once the AI hype is over, chip stocks can crash very low. Don’t chase after high valuation and get stuck and complain. This is unsustainable.
7. C6L - Buzzing Stars: ⭐⭐⭐
$SIA(C6L.SG$ shares weekly % chg decreased by 0.83% to $7.19. The company's market cap stands at $21.63 billion. Singapore Airlines saw a significant share price rise of over 20% in the past couple of months on the SGX. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. (As of Jun 9, 2023)
@Teck Wang Pang: Guess, govt payout to Singaporeans, especially senior aunties, uncles and retires as they have extra expenses and are confident of SIA, made them buy in and news of dividend rate spread like wildfire.
8. GME - Buzzing Stars: ⭐⭐⭐
$GameStop(GME.US$ shares weekly % chg decreased by 7.95% to $22.68. The company's market cap stands at $6.91 billion. GameStop shares plummeted after the company released its Q1 earnings. GME insiders are buying more shares in non-open market agreements, showing their confidence in the stock even despite its recent declines. The appointment of Ryan Cohen as Executive Chairman and GameStop’s focus on creating shareholder value through stock-based compensation should reinforce retail investors’ positive sentiment. (As of Jun 9, 2023)
@intuitive Jackal_354: GME director Alain Attal loading up on 10k common shares.
9. PLTR - Buzzing Stars: ⭐⭐⭐
$Palantir(PLTR.US$ shares weekly % chg rose by 3.44% to $15.02. The company's market cap stands at $31.82 billion. Palantir Technologies Inc.'s stock has experienced significant volatility and growth, with an 80% increase since April and a nearly 20% swing between its day's high and low recently. Palantir will be making these upgrades to Panasonic Energy of North America’s factory in Sparks, Nevada. Additionally, the same setup will be used for the company’s new facility in De Soto, Kansas., beginning in 2025.
@101847806: This stock will probably go crazy volatile because of quadruple witching day next Friday.
10. NIO - Buzzing Stars: ⭐⭐
$NIO Inc(NIO.US$ shares weekly % chg rose by 2.25% to $7.73. The company's market cap stands at $13.29 billion. ELECTRIC vehicle (EV) maker Nio has sunk deeper into the red in the first quarter of 2023, reporting a net loss of almost US$700 million, up from its net loss of US$287.9 million in the same period the year before.
@102544641: I don't understand. Report says 7.7% better than same quarter last year. Why is it a bad result and stock drop ? Can anyone share some insight?
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How long might the bull market run?
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Biff : 3 weeks
TracyD : Quit steaming up my tail
nguyen thi kim huong :
Sheyla : It seems the market always does the opposite of what people think it will. In particular, my brother was sure that there would be a disastrous market drop early this month, but nothing happened. I think there will be a bull run until everyone is certain that there won’t be a drop, and it will drop.
Amos Zhang : The rise of the cow has already begun, and the AI era has arrived. Just like the Internet era before, it is another big cow that has been around for ten years...
b3nt : WTF is economic awakening?
Wilhelm : There is a lot of hot money in the market right now, and I think the bull market should last for a certain period of time, maybe a month or three months. During this period of time, EV and AI chip companies have shown extraordinary products, but innovation and mass production can be achieved？it‘s also a huge challenge. At present, the valuation of Tesla and Nvidia is high, and it is likely that the stock price will usher in a correction in the near future.
MONDAY86 : The average return and duration of the US stock bull and bear markets over the past 70 years. It's easy to see from this that the magnitude and duration of the bull market far exceeded the magnitude and duration of the bear market's decline. In other words, even in a bear market, as long as you wait patiently for a year (the average bear market lasts 14 months, up to 2 years), the stock market will resume rising. Moreover, the subsequent bull market rise will almost certainly exceed the decline in the previous bear market. In other words, even if you buy at the highest point of the previous bull market, no matter how much the bear market falls after that, as long as you hold your positions patiently, the stock price will rise back sooner or later, and it will exceed your purchase price, so you won't lose money on your investment. The long-term trend of the stock market is always upward. This is determined by the laws of the economy and even by human nature. As long as capitalism exists, companies will continue to chase profits, and stocks will continue to increase in value. Moreover, society is constantly improving, and people's hearts are always rising. Any twists and turns and setbacks are temporary in the course of history. If you understand this principle, you can understand that the long-term pattern of the stock market is always rising, and bear markets are bound to be short-lived.
So while asking how long the bull market will last, ask yourself: if a bear market suddenly hits and stock prices plummet, can you face danger without fear? Aren't you afraid of getting caught in jail? Without this mental quality, no matter how good an investment method is, there is no guarantee that you will make money in the stock market.
ZnWC : There are 5 factors supporting the bull market:
1. Companies with strong fundamental will ride the bull market. Companies with poor earnings its share prices are still in the red.
2. Companies related to AI (artificial intelligence) or has invested in AI tech will rally in this bull market. Nvidia and Tesla are examples.
3. Cooling inflation and FED may pause or skip rate is one of the catalyst of the bull market.
4. US economy side step recession is another catalyst. The strong and resilient labour market is such sign.
5. US is rolling out incentive package to support the economy for example IRA (Inflation Reduce Act), BTFP (Bank Term Funding Program), EV Tax Credit etc are sign that US government is pumping money into the economy to avoid recession and banking crisis.
As I have written in my previous post, this is a mixed bull market - rally is not equal across all sectors. It may be bull in some index but show bearish in another. Some analysts or traders may mistaken the bull market as not sustainable or AI bubble is forming. They'll use TA chart to convince investors a crash is coming - hindsight bias.
I beg to differ that a crash is coming. There may be short pull back or correction but the bull market will continue at least til end of the year. There may be uncertainties e.g. inflation may remain high but positive factors are strongers.
The bull market may even reach a new height if the followings happen:
1. China government roll out more stimulus packages to support the economy (start printing money).
2. AI reached the next level - AGI (General Intelligence). This will benefit many tech companies such as EV industry autonomous vehicle commonly known as Robotaxi and humanoid robot.
3. Ukraine-Russia War reaches a cease fire agreement. This will improve the supply chain and further reduce oil and food price.
bossmanpooh40 : yes they will
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