Weekly Buzz: S&P 500 snaps 3-day losing streak Friday
Spoiler: At the end of this post, there is a chance for you to win points! ![]()
Happy Friday, 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 this week! (Nano caps are excluded.)
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💡Buzzing Stocks List & Mooers Comments
Stocks rose slightly on Friday but logged a losing week amid renewed worries that the Federal Reserve may raise rates more than previously expected. The S&P 500 edged up 0.14% to snap a three-day losing streak and finish at 4,457.49. The Dow Jones Industrial Average added 75.86 points, or 0.22%, to close at 34,576.59, while the Nasdaq Composite eked out a 0.09% gain to settle at 13,761.53. Major averages also capped off a losing week. The S&P and Nasdaq dropped 1.3% and 1.9%, respectively, for their first negative week in three. The Dow finished about 0.8% lower. (As of September 8, 2023)
🚌Weekly Buzz
*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 this week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
TSLA shares weekly % chg decreased by 3.71% and closed at $248.5 this week. Shares of Tesla gained 4.7% Tuesday on a report showing strong China sales for the electric vehicle (EV) maker in August. Additionally, The Wall Street Journal reported Monday that Tesla was well-positioned to win federal grant money for building out its charging network, opening up another revenue stream for the EV leader. Tesla TSLA announced another round of price cuts for Model S/X. The electric vehicle manufacturer has reduced the prices of Model S and X by 15-19% in the United States on all trim levels. (As of Sep 8, 2023)
@Nickz15:I am just waiting for green.. will take screenshot and sleep.
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC shares weekly % chg decreased by 42.79% to $7.18. AMC Entertainment Holdings shares plunged 36.8% to an all-time low on Wednesday after the movie theater chain operator announced it would sell up to 40 million shares of its Class A common stock. The company indicated in a filing that it had entered into an equity distribution agreement, and that the sales would be “from time to time” through an “at-the-market” offering program.1 It noted that Citigroup Global Markets, Barclays Capital, B. Riley Securities, and Goldman Sachs would be the sales agents, and they would receive a commission of up to 2.5%. AMC explained that the money raised would be used to “bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness (including expenses, accrued interest and premium, if any) and for general corporate purposes.”. (As of Sep 8, 2023)
@72919001: How is this possible. net inflow is positive and we closed -5,8%
3. AAPL - Buzzing Stars: ⭐⭐⭐⭐
AAPL shares weekly % chg decreased by 5.16% to $178.18. Apple notched its largest daily fall in over a month on Wednesday. The company lost about $200 billion in two days, and its stock is currently the worst performer in the Dow Jones Industrial Average. The bans could be an ominous sign for Apple. China is the largest foreign market for the company’s products, and Chinese sales represented about a fifth of the company’s total revenue last year. Apple doesn’t disclose iPhone sales by country, but analysts at research firm TechInsights estimate that there were more iPhone sales in China than in the United States last quarter. Apple also produces the majority of its iPhones in Chinese factories.(As of Sep 8, 2023)
@Cow Moo-ney: Nasdaq had 4 consecutive days of losses, with the latest session being dragged down by Apple. Apple continued to fall for 2nd day as China banned their gov officials from using iPhone, and this may be broadened. This is a “bad news is bad news” scenario.
4. NVOS - Buzzing Stars: ⭐⭐⭐⭐
NVOS shares weekly % chg rose by 91.07% to $0.2675. Novo Integrated Sciences Inc NVOS shares are trading higher by 44.4% to $0.31 Tuesday morning. The company last week announced it received an Underwriting Clearance Notice for a $70 million coupon. The company says this is a debt funding transaction. Novo Integrated Sciences announced it has received approval for its transaction with RC Consulting LLC in favor of SCP Tourbillion Monaco, resulting in a "Clear to Close" status for an unsecured 15-year $70 million promissory note. (As of Sep 8, 2023)
@Firebird: This one steady climbing over the few months plus sounds like they have some good news
5. NIO - Buzzing Stars: ⭐⭐⭐
NIO shares weekly % chg decreased by 2.24% to $10.04. Nio’s second-quarter revenue was at the low end of its guidance. Vehicle margins declined 10.4 percentage points year over year to 6.2% due to product mix change and promotions on older models. In addition, delivery guidance for the third quarter missed market expectations. NewEdge Advisors LLC's holdings in NIO were worth $1,185,000 as of its most recent SEC filing. (As of Sep 8, 2023)
@creative Bat_7825: See d volume, only 14.5m.. compare to past few trading was over 30-50m after 1 hr of trading.
6.NVDA - Buzzing Stars: ⭐⭐⭐
NVDA shares weekly % chg decreased by 7.66% to $455.72. In a major step to support India’s industrial sector, NVIDIA and Reliance Industries today announced a collaboration to develop India’s own foundation large language model trained on the nation’s diverse languages and tailored for generative AI applications to serve the world’s most populous nation. Nvidia’s CEO and co-founder, Jensen Huang, recently made some notable moves in the stock market. According to the latest filings from the company, Huang exercised stock options and subsequently sold the acquired shares over the past few trading sessions. (As of Sep 8, 2023)
@BrandonnW: Despite surging, then sinking, after the latest Nvidia earnings release, NVDA stock remains near all-time highs.
7. C6L - Buzzing Stars: ⭐⭐⭐
C6L shares weekly % chg decreased by 1.89% to $6.74. SGX-listed Singapore Airlines Limited or SIA provides an opportunity for investors to diversify their income portfolio with higher dividends. SIA boasts a dividend yield of 5.61% that exceeds the industry’s typical rate, making it a favored selection among income-focused investors. On the flip side, the capital growth story for SIA’s stock doesn’t look promising, with analysts rating it a Moderate Sell.(As of Sep 8, 2023)
@ZTgc: SIA Price low buy more for long term, year end dividend is not too far away, hope for the best!
8. MULN - Buzzing Stars: ⭐⭐⭐
MULN shares weekly % chg decreased by 20.44% to $0.4193. The stock of EV startup Mullen Automotive hit an all-time low Wednesday evening following a delisting determination sent by the Nasdaq Stock Market for failure to maintain a minimum bid price of $1. This news comes as the latest blow to a company that has consistently sparring with financial firms and analysts lately and must now fight being delisted altogether. Mullen Automotive is a Southern California-based EV startup approaching its 10-year anniversary while still working to bring its first passenger EV to market. The startup appeared closest to its goal following a 2020 merger in which it pivoted toward building its own bespoke EV model – the FIVE crossover SUV. (As of Sep 8, 2023)
@Jaytheman: MULN the fomo is crazy ! muln will go back to 100$ buying back ! and partnerships with other companies.
9. VERB - Buzzing Stars: ⭐⭐⭐
VERB shares weekly % chg rose by 143.36% to $1.74. Verb Technology Company, Inc. ("VERB" or the "Company"), the company behind MARKET.live, the innovative multi-vendor, multi-presenter livestream social shopping platform, announces today that it has completed and launched a technology integration and strategic relationship with global social media platform TikTok. This initiative leverages TikTok's groundbreaking Shop feature and evidences VERB's commitment to amplify MARKET.live's hosts', vendors', and creators' reach and impact across platforms, which now includes direct access to TikTok’s 150 million US users. (As of Sep 8, 2023)
@jimmy the trader: Play here keep watch.
10. LQR - Buzzing Stars: ⭐⭐
LQR shares weekly % chg rose by 5.5% to $1.15. LQR House Inc. (the "Company" or "LQR House"), a visionary marketing company focused on becoming a prominent force in the alcoholic beverage sector, is pleased to announce that the previously disclosed share buyback program, approved by the Board of Directors, has officially gone into effect today. The Company has instructed Dominari Securities LLC ("Dominari") to initiate the repurchase of shares today, Friday, September 8, 2023, marking the commencement of this pivotal phase. The commencement of the buyback program underscores the Company's commitment to executing this strategic initiative efficiently and effectively. (As of Sep 8, 2023)
@Alvinnnnnnn89: 3.6m volume against 1m float or less and price is below 1.3.
Thanks for reading! ![]()
🌎Awarding Moment
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week! @Reeskylr @Akflyer @PassiveLearner @102362254 @intellectual Wolf_76 @ZnWC @HuatEver @HuatLady @cola1010 @razo2
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Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Weekly Topic
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70603932 : Start buying during after hours this stock is going to skyrocket real soon
Hetsai : inflation
Dream Weaver : market no strength. some small caps are touching year lows.
Meme_Short_Queen : the beginning of the end of Apple
PassiveLearner : Thank you for the points!
What I have learned from trades this week was that what goes up will come down and patience is the key, stay invested in good companies and review their company once awhile and your portfolio will take care of you too.
build up that Investment Funding chest as more downtrend might be coming as US student loans resumes interest accumulation and is due repayment in OCT.
*Those are my Personal Opinions.
Travis427 : Just here for the points!!! I'll leave some laughter in my wake!!
SPACELIGHT 70603932: Where have I heard that before...?
102362254 : I learn not to chase trends and avoid buying overhyped stocks that are rising too quickly. No fomo.
mr_cashcow : What I have learnt from $NVIDIA (NVDA.US)$ is take profit whenever possible then buy back the dip
Ziggz420 : what I learned this week is from $Mullen Automotive (MULN.US)$ don't buy into companies with no real product and just selling dreams to ppl because in the end instead of $ you end up with broken dreams
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