Weekly Buzz: EV, chips, and Chinese stocks
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.)
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Buzzing Stocks List & Mooers' Comments
As July came to a close, significant events like interest rate decisions and tech giants' earnings results took center stage. Last Wednesday, the Fed approved a rate hike that brought interest rates to their highest level in over 22 years. Investors closely monitored any signals indicating that this could be the final increase before Fed officials pause to assess the impact of previous hikes on the economy. The $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ closed 1.01% and 2.02% higher, respectively. The $PHLX Semiconductor Index(.SOX.US$ also surged 4.13% due to the promising outlook for the industry. (As of July 31, 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: ⭐⭐⭐⭐⭐
After experiencing a sharp decline triggered by its financial results, the stock of an EV maker rebounded slightly. Currently, two senior $Tesla(TSLA.US$ executives are discussing the company's plans to enter the Indian market with officials from the country's investment promotion arm in New Delhi. Tesla has shown interest in establishing a factory in India to manufacture a low-cost electric vehicle (EV) priced at $24,000, which would be approximately 25% cheaper than Tesla's current entry-level model. The target market includes both Indian consumers and export destinations. (As of July 31, 2023)
@ZnWC: The 10 Longest Range EVs for 2023
AMC - Buzzing Stars: ⭐⭐⭐⭐
Shares of $AMC Entertainment(AMC.US$ have been under pressure due to bearish options bets, amid uncertainty surrounding the company's stock conversion plan. The chart displayed three consecutive red candles last week, erasing the massive price surge caused by retail investors. Nevertheless, the stock price managed to end the week with a gain of 5.45%. (As of July 31, 2023)
@Winner takes all: enough is enough
NIO - Buzzing Stars: ⭐⭐⭐⭐
$NIO Inc(NIO.US$ The stock price of the Shanghai-based electric vehicle seller accelerated by over 30% last week and has risen over 50% this year. This surge followed an investment commitment from China's National Development and Reform Commission (NDRC), which aims to support various domestic industries, including transportation, clean energy, and infrastructure. (As of July 31, 2023)
@Grow_My_Money: Good performance for July
INTC - Buzzing Stars:⭐⭐⭐⭐
$Intel(INTC.US$'s stock price surged 8% last week following the world's largest semiconductor company's stronger-than-expected second-quarter results on Thursday. The company heralded a turnaround in fortunes after facing margin pressures due to declining PC sales and intense competition in the data center market. (As of July 31, 2023)
@JP_mykayaplus: INTC - Back from the dead?
XPEV - Buzzing Stars: ⭐⭐⭐
$XPeng(XPEV.US$ This China-based EV company had an exceptional week. Its stock price surged by 23.39% after Jefferies analyst Johnson Wan upgraded his rating on the company from "hold" to "buy." The analyst believes that a potential deal with Volkswagen could serve as a positive catalyst for the company's shares. (As of July 31, 2023)
@ZnWC: Whale Takes Bearish Stance on Xpeng
MULN - Buzzing Stars:⭐⭐⭐
$Mullen Automotive(MULN.US$ The electric vehicle company announced that it had entered into a pilot program for its Mullen ONE Class 1 EV cargo vans and Mullen CAMPUS delivery utility vehicles with the Shoshoni Native American Tribe of Northern California and Nevada. Its stock price rose 11% last week. (As of July 31, 2023)
@Hathaway: Bollinger is the only thing really bullish about Mullen right now
BABA - Buzzing Stars:⭐⭐⭐
$Alibaba(BABA.US$'s stock rose by 9.09% last week following its cloud's artificial collaboration with Meta Platforms Inc and fintech affiliate Ant Group. The company is shedding its non-core businesses to focus on its initial public offering. (As of July 31, 2023)
@ClydePeternuts: “Cathie Wood Announces Full Exit Of China Holdings”
NVDA - Buzzing Stars:⭐⭐⭐
$NVIDIA(NVDA.US$ The stock price of the leading chip and AI company was up by 5.51% last week. Tesla's CEO Elon Musk's comments were relevant to investors in graphics chip specialist Nvidia. He highlighted the need for neural net training, a term often associated with "AI training" or "deep-learning training," given the rapid growth of deep learning as a form of AI. (As of July 31, 2023)
@Zeff The Great: China’s AI chip alternative
META - Buzzing Stars:⭐⭐⭐
$Meta Platforms(META.US$ The Facebook-parent company reported its quarterly earnings results, showing an 11% increase in revenue compared to the same period last year, exceeding Wall Street's expectations. This marks Meta's second consecutive quarter of revenue growth after a challenging 2022 that saw revenue declines. The stock price surged by more than 10%, thanks to the better-than-expected financial results. (As of July 31, 2023)
@JP_mykayaplus: Meta - Company finally going Meta!
MSFT - Buzzing Stars:⭐⭐
$Microsoft(MSFT.US$ The big technology stock declined by 1.57% after reporting slowing revenue growth in its cloud business in the fiscal fourth quarter. The company also disclosed its pricing for a suite of programs featuring generative artificial intelligence (AI) and is making steady progress in its quest to acquire Activision Blizzard. (As of July 31, 2023)
@FiveHundredCents: Microsoft's venture capital arm, M12, has been offloading its portfolio on secondary exchanges at discounts, sources say
Thanks for reading!
Awarding Moment
Before moving on to part three, congratulations to the following mooers whose comments were selected as the top comments last week! @Biff @70543038 @102392341 @CasualInvestor @plucky Skunk_0549 @Alan8511 @Raptor55 @Kopikarp @Asphen @ZnWC @cola1010
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CasualInvestor :
Alan8511 : yes! I think so
Naked trader : Evgo 🫡
Naked trader Naked trader: Get it and hold it
Therealramsden : Luv it, but as a day trader add a histogram I need all the tools
William Teh 郑鈺潓 : Electric cars
are definitely the latest trend.. The same goes for semiconductor chips, but unfortunately there is a confrontation between China and the US. I'm afraid this is a tough fight between the two sides and the gray rhinos; I believe they probably won't see the light of day that soon. Currently, China's domestic property market is picking up, so it will take some time for Chinese stocks.
BBigGuy212 : everything seems to be going to be computerized
Be Passion : Feeling good but only put in 10%.
HKISSER : Yes. us investors are hoping that the soft landing of inflation combined with the increase in large cap stocks will drive the market in a positive direction.
Jelena-maisy : Go NIO
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