Weekly Buzz: Meme stocks are making a comeback
Spoiler: 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.)
US stocks ended mixed on Friday, with the Dow Jones Industrial Average rising marginally to notch its 10th straight day of advances, its longest rally in almost six years. At the close in NYSE, the Dow Jones Industrial Average added 0.01%, while the S&P 500 index rose 0.03%, and the NASDAQ Composite index lost 0.22%. (As of July 21, 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.
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
$Tesla(TSLA.US$ shares weekly % chg decreased by 7.59% and closed at $260.02 last week. The company now includes seven-year loans as an option on its US order pages after previously offering loans as long as 72 months. While extending loan terms can lower car buyers’ monthly payments, consumers tend to pay more in interest and face a greater risk of owing more than their vehicle is worth. Tesla’s chief executive officer has been a frequent critic of the Federal Reserve. Musk tweeted in November that the central bank’s rate increases were “massively amplifying the probability of a severe recession.” His predictions of impending deflation haven’t yet panned out. (As of July 21, 2023)
@CallmeDaddy: All above market uncertainties will bring about great volatility in the market today and whole of next week. Stay safe everyone.
2. MULN - Buzzing Stars: ⭐⭐⭐⭐
$Mullen Automotive(MULN.US$ shares weekly % chg decreased by 10.6% to $0.14. The company's market cap stands at $90.07 million. Washington D.C. signed a $680,000 contract for device that claimed it will double EV range, Mullen claims its tech "rejuvenates" an EV's battery, but the government has canceled the contract. (As of July 21, 2023)
@71669565: $25 million dollar buy-back means that Mullen will buy back 167 MILLION shares!!!!! Hahahaha … shorts and naked share holders are pooping their pants!!!!!!!
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ shares weekly % chg rose by 1.62% to $4.4. The company's market cap stands at $2.28 billion. AMC’s plan to charge different prices depending on where moviegoers sit is no longer coming to a theater near you. The movie theater chain announced its “Sightline” program in February, which introduced a three-tiered pricing system for charging moviegoers different prices based on where they chose to sit. The “prime” seats were the most expensive. (As of July 21, 2023)
@Steak Eater: Came back to take a look after ages, nope, just gonna buy more. Ain't selling yet.
4. BGLC - Buzzing Stars: ⭐⭐⭐⭐
$BioNexus Gene Lab(BGLC.US$ shares weekly % chg rose by 54.55% to $5.95. The company's market cap stands at $86.16 million. It's a pleasure to report that the BioNexus Gene Lab Corp. is up 50% in the last quarter. But that doesn't change the fact that the returns over the last year have been less than pleasing. After all, the share price is down 49% in the last year, significantly underperforming the market. Since BioNexus Gene Lab has shed US$101m from its value in the past 7 days. (As of July 21, 2023)
@Appley: Most likely I will hold on till next week and see how. Personally i did realise that when a stock is too famous, it will not rocket as what we have expected.
5. TTOO - Buzzing Stars: ⭐⭐⭐
$T2 Biosystems(TTOO.US$ shares weekly % chg decreased by 9.52% to $0.1007. The company's market cap stands at $29.22 million. T2 Biosystems has received breakthrough device status from the US Food and Drug Administration for its Candida auris molecular diagnostic blood test. The test is designed to detect C. auris, a multi-drug resistant fungal pathogen, in three to five hours, without the need to wait days for blood culture, T2 Biosystems said. (As of July 21, 2023)
@Alvinnnnnnn89: FDA approved is the best news
6. PSQH - Buzzing Stars: ⭐⭐⭐
$PSQ Holdings(PSQH.US$ shares weekly % chg rose by 114.75% to $21.11. The company's market cap stands at $505.04 million. PSQH stock stands for the stock of PSQ Holdings, Inc. It’s a company that owns and runs PublicSq, an online marketplace that sells items from businesses with conservative values. The stock was listed on the New York Stock Exchange on July 19, 2023, after PSQ Holdings merged with Colombier Acquisition Corporation, which is a Special Purpose Acquisition Company. (As of July 21, 2023)
@Alvinnnnnnn89: I believe this will have some PR coming soon but in the meantime short in control. And insider is dumping their share already beware on ur holding.
@Alvinnnnnnn89: I believe this will have some PR coming soon but in the meantime short in control. And insider is dumping their share already beware on ur holding.
7. NVDA - Buzzing Stars: ⭐⭐⭐
$NVIDIA(NVDA.US$ shares weekly % chg decreased by 2.55% to $443.09. The company's market cap stands at $1.09 trillion. NVIDIA's key growth factor is its ability to scale, achieved through initiatives like the Inception Program and Venture Capital Alliance Program, which support AI and tech startups. The company's Deep Learning Institute, Partner Network, and successful acquisitions also contribute to its growth and position as a leader in AI, data science, and high-performance computing. NVIDIA's business model and ability to scale are not widely discussed, but they provide a long runway for success and should be considered by potential investors. (As of July 21, 2023)
@mandrakeSoup: Moooooooooooo
8. CVNA - Buzzing Stars: ⭐⭐⭐
$Carvana(CVNA.US$ shares weekly % chg rose by 21.01% to $45.62. The company's market cap stands at $4.86 billion. Carvana Co. Research analysts at Wedbush lifted their FY2025 EPS estimates for shares of Carvana in a report released on Tuesday, July 18th. Wedbush analyst S. Basham now anticipates that the company will post earnings of ($5.29) per share for the year, up from their previous forecast of ($6.51). Wedbush currently has an "Underperform" rating and a $40.00 target price on the stock. The consensus estimate for Carvana's current full-year earnings is ($5.39) per share. (As of July 21, 2023)
@nerdbull1669: I would like to share whether there is more opportunity for us to trade Carvana considering the share price has risen so much. I will be using Technical Analysis to look at different indicators and what do they tell us.
9. AAPL - Buzzing Stars: ⭐⭐⭐
$Apple(AAPL.US$ shares weekly % chg rose by 0.66% to $191.94. The company's market cap stands at $3.02 trillion. Apple is already using its chatbot for internal work, Apple hasn’t been sure what it wants to do with its Apple GPT chatbot project on the customer-facing side yet, but Gurman’s report shed some light on at least its internal chatbot uses. According to the newsletter, Apple is looking at ways to expand the use of generative AI within its organization, with one possibility being giving the tool to its AppleCare support staff to help better customers deal with issues. (As of July 21, 2023)
@70094016: Trading advice: My only advice after years in this game is, "Follow the trend." It took a long time for me to become a believer.
10. NIO - Buzzing Stars: ⭐⭐
$NIO Inc(NIO.US$ shares weekly % chg rose by 0.38% to $10.58. The company's market cap stands at $19.08 billion. At the NIO Power Day 2023 held on July 20, NIO announced the official opening of the "Power Journeys Silk Road" power replenishment route and unveiled multiple innovative services, technologies, and products, including the "On-a-Daily-Basis Flexible Battery Upgrade Service," new battery swap pricing, and the V2G charging pile. (As of July 21, 2023)
@bullrider_21: Nio eyes return to glory. Its EV sales are set to accelerate.
Thanks for reading!
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week! @双瞳剪水的斯托达德 @ZnWC @Kopikarp @cola1010 @72846327 @Dilonius_Hollow @HuatLady @73227451
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Are meme stocks really making a comeback? Is it 2021 all over again?
Comment below and share your ideas! We will select 15 TOP COMMENTS by next Monday.
Comment below and share your ideas! We will select 15 TOP COMMENTS by next Monday.
*Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.*Comments within this week will be counted.
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Biff : Most MEME Stocks are a small FAD. The real ones of the group. About 2 or 3 will survive
THE ANSWER IS : If you’re not 1st, you’re last!
Biff THE ANSWER IS: !
TheOtherGuy2022 : both
70543038 : MULN to da mooooon
102392341 : Definitely all the apes will rejoice if history repeats! All hail the gorilla king!!!!
CasualInvestor : MEME stock. To buy and hold or stay away. I’m still undecided.
plucky Skunk_0549 : meme stock but hold in it for the long game don't like shorts
wils14 : NIO should do well with recent price drops as competition in China for EV sales is high. It may take time though as NIO park is not open yet to really expand sales.
Alan8511 : No matter what stocks, including meme stocks, as long as everyone works together, they will definitely be able to beat the bears
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