Weekly Buzz: Nasdaq suffer second straight week of losses
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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 fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting. The Dow Jones Industrial Average slid 291 points, or by 0.8%. At its lows, it completely wiped out Thursday's 332-point rally. The S&P 500 was lower by 1.2%, and the Nasdaq Composite dropped 1.6%. The Dow was headed for a winning week. The S&P 500 and Nasdaq were both on pace to close out the week with losses. Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut. (As of September 15, 2023)
🚌Weekly Buzz
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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 this week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
$Tesla(TSLA.US$ shares weekly % chg rose by 10.42% and closed at $274.39 this week. The electric vehicle stock popped more than 6% before the bell after Morgan Stanley upgraded shares to overweight from equal weight, citing autonomous driving growth. The Wall Street firm called software and services revenue the “biggest value driver” for Tesla. Tesla gets $160 million in EU funding to expand its Supercharger network in 22 countries.It will be used to install or upgrade nearly 7,200 Superchargers. (As of Sep 15, 2023)
@Noah Chan: Dojo is a purpose-built supercomputer designed by Tesla in-house to train the full-self-driving (FSD) system that is installed in every Tesla vehicle.
2. AAPL - Buzzing Stars: ⭐⭐⭐⭐
$Apple(AAPL.US$ shares weekly % chg decreased by 1.78% to $175. Consumer electronics giant Apple on Tuesday introduced its iPhone 15 smartphones, with the high-end Pro models getting the best new features. Apple stock fell on the news. France's radiation watchdog, Agence Nationale des Frequences (ANFR), banned sales of the older iPhone model after tests showed it emitted radiation beyond the legal exposure limits set by European Union (EU) authorities. Specific Absorption Rate (SAR) measures the rate of radiofrequency energy being absorbed by the body from the source being measured, such as a cell phone. ANFR said earlier this week that the iPhone 12's SAR was more than legally permitted. (As of Sep 15, 2023)
@FiveHundredCents: Apple's iPhone debuts have historically been a sell-the-news event for the stock, but the weeks following often provide an even better opportunity to buy the dip.
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ shares weekly % chg rose by 16.43% to $8.36. AMC Entertainment Holdings said it raised more than $325 million after successfully completing a stock sale aimed at shoring up the financially struggling theater chain operator.AMC said it sold 40 million shares at an average price of approximately $8.14 each in the at-the-market offering, which was launched Sept. 6. The company explained the money “significantly boosts AMC’s cash reserves, addresses current liquidity concerns, and fortifies its balance sheet.” CEO Adam Aron added that the sale “has bolstered our ability to survive and thrive.” (As of Sep 15, 2023)
@Rudimentary: only 466.66 million shares in volume today. Nothing to see here on the perfect ramp down. I could sled down that algorithmic line of trading!
4. NVDA - Buzzing Stars: ⭐⭐⭐⭐
$NVIDIA(NVDA.US$ shares weekly % chg decreased by 3.67% to $439. The CEO of Nvidia Corp., Jensen Huang, has initiated a large-scale sell-off of his NVDA shares. So far, Huang has sold $112 million worth of NVDA, including the most recent sale of $27 million on 14th September 2023. The sell-off follows a great year for NVDA in which the stock price has grown 205.47% YTD. NVDA is thought to have benefited from the AI investment bubble in 2023, with Forrestor Wave stating in a 2021 report that Nvidia GPUs are “synonymous with the AI industry”. (As of Sep 15, 2023)
@razo2: You are useless. people now see ARM IPO.
5. 01069 - Buzzing Stars: ⭐⭐⭐
$CN HEALTH TECH(01069.HK$ shares weekly % chg decreased by 89.57% to $0.147. Baosha Development (1069.HK) plunged 48% again to a record low of HK$0.13, with its total market capitalisation down to HK$136 million from a high of HK$1.6 billion. This follows a plunge of more than 32% before the company's suspension of trading on 16 August, and 2 consecutive days of plunge after resumption of trading, when the company proposed to acquire the business of western ginseng products (As of Sep 15, 2023)
@71057001: 1563 so sad that many peoples will loss soon
6.AVTX - Buzzing Stars: ⭐⭐⭐
$Avalo Therapeutics(AVTX.US$ shares weekly % chg rose by 42.47% to $0.1325. Avalo Therapeutics Inc. (NASDAQ: AVTX) stock fell -3.89% on Thursday to $0.22 against a previous-day closing price of $0.22. With 273.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 17.69 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.2960 whereas the lowest price it dropped to was $0.2035. The 52-week range on AVTX shows that it touched its highest point at $7.00 and its lowest point at $0.08 during that stretch. Beta for the stock currently stands at 1.18. (As of Sep 15, 2023)
@smoothshoe: Back in at .225, it looks like it has some legs!
7. NIO - Buzzing Stars: ⭐⭐⭐
$NIO Inc(NIO.US$ shares weekly % chg rose by 3.88% to $10.43. EV stock NIO is higher by 0.29% Friday. The 17 rating InvestorsObservergives to Nio Inc-ADR stock puts it near the bottom of the Consumer Cyclical sector. In addition to scoring higher than 29 percent of stocks in the Consumer Cyclical sector, NIO’s 17 overall rating means the stock scores better than 17 of all stocks. (As of Sep 13, 2023)
@ZnWC: RSI indicator: NIO stock is severely overbought.
8. NVOS - Buzzing Stars: ⭐⭐⭐
$Novo Integrated Sciences(NVOS.US$ shares weekly % chg rose by 49.53% to $0.4. Novo Integrated Sciences, Inc. (the "Company" or "Novo"), today announced that its IoNovo for Kids pure iodine oral spray has been granted a registration number and received regulatory approval by Turkey's Ministry of Health as a dietary supplement determined to be safe, effective, of high quality, and eligible for sale in Turkey. With this registration, Novo's two IoNovo Iodine related products have full approval for distribution and sale throughout Turkey. (As of Sep 15, 2023)
@Zenoph el Temlar: Consolidation day isn't the worst for this stock.
9. AXLA - Buzzing Stars: ⭐⭐⭐
$Axcella Health(AXLA.US$ shares weekly % chg decreased by 36.34% to $0.6239. Axcella Health stock is taking a beating on Friday after the biotechnology company announced plans for a reverse stock split. According to Axcella Health, shares of AXLA stock are going to undergo a 1-for-25 reverse split. This split will go into effect after markets close on Sept. 18, which will see the stock start trading on a split-adjusted basis on Sept. 19. Investors will note that Axcella is moving forward with the reverse stock split to increase the trading price of its shares. This comes as it seeks to regain compliance with Nasdaq listing standards. Nasdaq rules require stocks to maintain a minimum bid price of $1 per share. To put that in perspective, shares of AXLA stock closed out Thursday at a price of $1.01 cents. Falling below that minimum bid price for too long would see the shares delisted from the exchange. (As of Sep 15, 2023)
@Ghorghor: Nothing can stop it now. Only good news expected.
10. SLE - Buzzing Stars: ⭐⭐
$Super League Enterprise(SLE.US$ shares weekly % chg rose by 1897.66% to $1.71. Super League, a leading publisher of immersive experiences across the world's largest metaverse gaming platforms, is thrilled to announce they have garnered not one, but two prestigious 2023 Digiday Awards nominations in the Best Metaverse Gaming Activation category. These nominations underscore Super League's dedication to crafting immersive experiences that redefine virtual engagement with brands, showcasing the seamless blend of technology, entertainment, and creativity at its best. (As of Sep 15, 2023)
@Codee: anyone still in this?
Thanks for reading! ![]()
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Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week! @70603932 @PassiveLearner @Ziggz420 @null
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What are some strategies for diversifying a stock portfolio in the current market conditions?
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GheeButter : Yupppppp
PassiveLearner : Thank you for the points!
Regarding stocks diversifying one could purchase investments in different industries for example technology, healthcare and such but should the investor like a basket of a few one could take a look at investing in ETF or the S & P 500 index.
*Not Financial advice, recommended to do your own research for your investments.
Meme_Short_Queen : load up bonds, bloodbath in sight
102362254 : My strategy is to rebalance my portfolio regularly. I will sell some of the stocks that did well and buy more of the ones that did not. This will lower the risk of losing money.
Biff : Insight. watching multiple news channels gives you the insight on how the world is changing constantly and how you should adjust your portfolio and diversity it to meet the changes.
bullrider_21 : The article on RSI indicator for Nio is wrong. It's just to create FUD in Nio. The correct TA is that it's not overbought. Tesla is the one that's near overbought.
RSI Indicator: Nio or Tesla is Overbought?
https://www.moomoo.com/community/feed/111067582496774?global_content=%7B%22invite%22%3A%22102079252%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111067582496774%22%7D&data_ticket=8d79554dc8b17a0ea10adf128b61190d&futusource=nnq_personal_host
HuatLady : Personally, I am fond of flexing my diversification strategies as they are powerful tools for potential gains. I will keep a close watch on energy stocks as oil prices rally again.
ZnWC : What are some strategies for diversifying a stock portfolio in the current market conditions?
There are 2 risks in the current market conditions: First is the US and Europe recession risk which may be triggered by FED rate hike to fight against inflation. Second is the China deflationary economy risk which is caused by decreasing demand. One way to manage risk is to diversify your investment. I diversify by risk or return - high risk, medium risk and low risk. Low risk investment include fixed deposit, short term government bond and T-bill. Medium risk investment include mutual fund like Moomoo cash plus funds such as Fullerton SGD cash plus fund and Csop USD market money fund. High risk investment include stocks and options. We can further diversify the stocks into etf and by regions and sectors. S&P500 etf is a very good example but expect the investment may lose in book value due to volatility and return only recovered in long term. You can further diversify investment into value stocks and earn dividends.
The most important points about diversification your investment is you must know what you are doing, know your risk and manage your greed and fear.
ZnWC : Thanks Moomoo for highlighting my article. Moomoo welcome discussing opposing view in a friendly environment and as always I welcome compare and contrast. The article help others to understand the limitations of RSI or any TA Indicators and not to follow them blindly.
HuatEver : My plan is to diversify by geographical locations by countries. Overall, it is the quality and not the popularity of stocks that counts.
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