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Dow tops 40,000 for the first time: Will the U.S. market rally march on?
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Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back

Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the top ten buzzing stocks on moomoo based on search and message volumes! Comment below to answer the Weekly Topic question for a chance to win an award!
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Weekly Buzz
It was a short week that saw the Nasdaq break records, jumping over 17k Tuesday for the first time before pulling back. The index hit an all-time closing high of 17,019, marking a high note to end the month of May.
As a general recap, indexes were pulling back Friday to round out the month of MayJust after 2 PM EST, the $S&P 500 Index traded up 0.81%, and up 4% for the month, the $Dow Jones Industrial Average climbed 1.51% and 2% for the month, and the $Nasdaq Composite Index fell just 0.01% and climbed 6% for the month.
For the week, the S&P fell 0.51, the Dow Jones fell 0.98%, and the Nasdaq fell 1.01%.
Friday, the Personal Consumption Expenditure Index inflation gauge showed a slight month-to-month slowdown. Core prices climbed just 0.2% from March to April, while year-over-year changes came in at expectations, maintaining last month's 2.7% regular and 2.8% core price growth.
This week in macro, investors saw the Fed Beige book release on Wednesday, which summarized economic activity across each Federal Reserve Region. According to the release, the U.S. economy expanded in the late spring. The report found that persistent inflation, high interest rates, and political uncertainty caused businesses countrywide to turn "somewhat more pessimistic."
Federal Reserve Bank of New York President John Williams said on Thursday that the current monetary policy stance is restrictive enough to bring inflation down to a 2% annual pace by next year without a meaningful economic slowdown or an unemployment rate increase.
"The economy's behavior over the past year provides ample evidence that monetary policy is restrictive in a way that helps us achieve our goals," Williams said to the Economic Club of New York.
On Thursday, revised  GDP numbers for Q1 showed that the U.S. economy grew at a slower 1.3% annual pace in the first three months of the year, largely due to softer consumer spending. The numbers were revised down from a previous 1.6%. It was the smallest increase in two years, and one of the largest drivers of the economy, consumer spending, fell to 2% growth from a .5% figure last month.
In market-related news, the SEC implemented a "T+1" settlement structure Tuesday, meaning stocks and equity trades will settle the day after they are made, after sitting at two days settlement since 2017, and three days settlement before.
Anyway, let's dive into the buzzing stocks this week:
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
1. $Faraday Future Intelligent Electric Inc.(FFIE.US)$ - Buzzing Stars: ⭐⭐⭐⭐⭐
From MarketWatch: Faraday Future Intelligent Electric In the electric vehicle startup, has seen its stock price rebound over 15% during premarket trading on Friday, following a dramatic 91% crash over the past eight days.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
This wild ride began when the stock price plummeted to $0.35 per share from its May 17 peak of $3.89, largely due to disappointing earnings results earlier this week. In a bid to calm investor nerves, CEO Matthias Aydt released a video on Thursday addressing critical concerns about dilution and bankruptcy risks. "The misperception that we have a dilution of the Tenfold not true," said Aydt.
@104525746: See all these poor losers telling you to sell
2. $NVIDIA(NVDA.US)$ Buzzing Stars: ⭐⭐⭐⭐
Nvidia started the week at all time highs after beating earnings last week and on reports that Elon Musk's xAI plans to build a supercomputer that will power its Grok AI chatbot. According to a weekend report from the Information citing a presentation to investors, Musk aims to build a massive supercomputer powered by Nvidia H100 chips and get it running by the fall of 2025. The billionaire Tesla CEO estimated that training for the Grok 3 model would require at least 100,000 H100 chips, per Reuters.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
Last week, Nvidia reported first-quarter revenue of $26.044 billion, beating analyst estimates of $24.646 billion. The company reported first-quarter earnings of $6.12 per share, beating estimates of $5.59 per share. Nvidia also guided for second-quarter revenue of $28 billion, plus or minus 2%, versus estimates of $26.64 billion, announced a 10-for-1 forward stock split and increased its dividend 150% to 1 cent per share on a post-split basis.
@Shootingstar: usa is in such a mess. Maybe I should setup a charity to donate to them
3. $Tesla(TSLA.US)$ - Buzzing Stars: ⭐⭐⭐⭐
Tesla stock fell to start the week, after the shareholder proxy advisor firm Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk's pay package worth some $56 billion when it was awarded in 2018.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
Tesla didn't immediately respond to a request for comment about the recommendation. The new vote comes after a Delaware court voided the package in January after a judge decided Tesla's board didn't adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.
@HoldEmBags: free fall friday
4. $AMC Entertainment(AMC.US)$ - Buzzing Stars: ⭐⭐⭐⭐
AMC traded lower Wednesday, though the stock remains up nearly 50% over the past month. AMC Entertainment shares saw a massive spike mid-May amid the brief return of Keith Gill, better known as "Roaring Kitty, to social media. Roaring Kitty disappeared as quickly as he came, however, AMC shares are holding some of the recent gains.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
Jim Cramer, host of CNBC's "Mad Money" recently recommended securing profits on AMC. "Take out your cash, let the rest run," Cramer said.
@GangGreenMf: just bought hella 6/28 calls and another 7/5 call
5. $Crown Electrokinetics(CRKN.US)$ - Buzzing Stars: ⭐⭐⭐
Crown Electrokinetics pulled back this week. Last week, the firm reported a Q1 loss that was a 97% increase from a loss of $4 a year ago. The stock enjoyed heavy trading as a majorly shorted stock alongside others following a renewed but brief Meme stock craze.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
@Cornpop BadDude: Lunch break is over Let's Go!!!!
6. $Greenwave Technology Solutions(GWAV.US)$ - Buzzing Stars: ⭐⭐⭐
$Greenwave Technology Solutions(GWAV.US)$ anouced a 1-for-150 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 3rd, 2024. The stock slipped this week, dropping 14% Thursday and 7% Friday to below 3C.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
@JC88: You all like 200% increase right?
7. $Innovative Eyewear(LUCY.US)$ - Buzzing Stars: ⭐⭐⭐
Innovative Eyewear shares are volatile Thursday after more than doubling during Wednesday's trading session. The company announced the launch of its Eddie Bauer Smart Eyewear collection, which includes voice access to OpenAI's ChatGPT.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
"By introducing the first-ever rimless smart eyewear, we believe we are not only elevating style but also redefining the possibilities of wearable technology," CEO Harrison Gross said.
@103815312: Another rubbish stock??
8. $Pineapple Energy(PEGY.US)$ - Buzzing Stars: ⭐⭐⭐
Pineapple Energy traded 70% higher Tuesday after the company announced on Friday that its New York-based subsidiary SUNation signed a 1.95-megawatt project. The company said SUNation will begin work on the large-scale commercial installation in early July, and the project will feature an expedited installation.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
"Projects of this size and complexity can take years to develop. This project went from first contact to execution in a matter of months," CEO Scott Maskin said.
Thursday, the firm appointed James Brennan as chief operating officer.
@Rich365: I bet most ppl in here bought at 23. not me. i learned my lesson
9. $Super Micro Computer(SMCI.US)$ - Buzzing Stars: ⭐⭐⭐
Super Micro Computer shares have faced volatility following Nvidia's earnings. As tech and Semi's pulled back Friday, Super Micro fell 6% without further news. According to Benzinga, Analysts at Bank of America believe that Super Micro is well-positioned to benefit from the growing demand for AI-related accelerated computing, particularly from "tier 2" cloud service companies, according to a CNBC report.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
"Only 1% of data centers today use liquid cooling, but Supermicro management expects that percentage to grow to 20% in the next 12-18 months," BofA noted. "We see Supermicro as having a competitive advantage in providing liquid cooling at scale." They have maintained a buy rating for the company, with a price target of $1,090, representing a potential 23% increase.
@Stockworld newbie: but why why why why why dropped so low? is it the dell?
10. $Apple(AAPL.US)$ - Buzzing Stars: ⭐⭐
Apple has reportedly reached an agreement with OpenAI to incorporate ChatGPT into iOS 18, despite possible opposition by the company's AI chief John Giannandrea. According to AppleInsider (via The Information), a deal has now been reached with OpenAI, although the specifics of the agreement remain undisclosed.
Weekly Buzz: Inflation Slowing, Tech Hits Highs Then Pulls Back
The Cupertino, California-based tech giant's potential partnership with OpenAI does not rule out the possibility of collaborating with other AI industry players. There have been rumors of Apple creating an AI App Store, with OpenAI being one of several companies that could populate such a store.
@Tony Jones820: wish the market would stop scamming people. 
Thanks for reading!
* All comments, links, and content 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 a qualified financial professional for your financial planning and tax situations.
Congrats to the following mooers whose comments were selected as the top comments last week!
Weekly Topic
Okay, so the tech world hit all-time highs this week, and summer is here: will it be a stock summer or a lazy summer?
Comment below and share your ideas! We will select up to 15 TOP COMMENTS for a reward next week. Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
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  • CornpopBadDude : no. vote republican.

  • 102362254 : The tech world has reached all-time highs, but experts predict flat or declining stock returns by year-end due to sky-high prices. We can consider a cautious strategy like a Regular Savings Plan (RSP) in reliable stocks and avoid obsessively monitoring the market. Whether it’s a cruel summer for investors or not, with the market likely to flatline or undergo a correction over the coming months. We need to remember that long-term investing is where the heart (and wallet) finds peace.

  • 71573427 : Vote Trump. So sick and tired of this bullcrap blue vs Red neither party gives two shizts about you or me!!!!

  • DJ MOOSE GETS FUNKY CornpopBadDude : Amen I’m definitely voting republican!!!!

  • 72734102 : No one gave Big Oil bigger profits than our clown in charge! Bib Oil pumped 1/2 the oil and got more than twice the profit! Under Trumps energy policy’s we were energy independent! Big Oil will give Buden Even more Millions than 2020 to keep “Their” massive Profits flowing! MSM ignores this Corruption between Biden and Big Oil

  • HuatEver : As my top preferences are in combining diversification and DCA. I am someone who enjoys both sunny and lazy days during summer. DCA helps to avoid trying to time the market, which can be stressful. I don’t want to stress about whether it is a “stock summer” or a “lazy summer”. Instead, I will calmly stick to my investing plan and let my investments grow overtime. [undefined] [undefined][undefined]

  • 010Leo : tech pull back? Time to slowly dca in. just caught $ProShares UltraPro QQQ ETF (TQQQ.US)$. now watching $Fidelity Funds-Global Technology Fund (LU1823568750.MF)$ $BGF World Technology Fund (LU0056508442.MF)$. wondering when moomoo will reward us with $NVIDIA (NVDA.US)$ ?

  • sifu : you're right.

  • 74428415 102362254 : DCA all day 🤑

  • Sir Wildman CornpopBadDude :

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