Weekly Buzz: Major indexes close out a big year with a red day
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Weekly Buzz: Major indexes close out a big year with a red day
On the last trading day of 2023, $S&P 500 Index(.SPX.US$ fell short of achieving a new record high, with U.S. stocks closing slightly lower. However, the index managed to extend its winning streak for a ninth consecutive week, which marks the longest winning streak since 2004. Throughout the fourth quarter, the index surged by 11.2%, resulting in a yearly gain of 24.2%. In a remarkable feat, both $Dow Jones Industrial Average(.DJI.US$ and $Nasdaq Composite Index(.IXIC.US$ closed out 2023 with significant increases, overcoming challenges such as higher interest rates, a regional banking crisis, and conflicts in Ukraine and the Middle East.
Let's dive into the top buzzing stocks in the community this week:
Tesla enjoyed a strong 2023, considering the stock was up over 140%. The Austin, Texas-based company might start 2024 with a bang with an official expansion into India.
@Marco bebawi: See you next year. Thank you for 100% gain looking to double my money again next year.
2023 may be over, but Hollywood's painful reckoning isn't -- especially at the box office. This year's holiday season has largely been a lump of coal for the movie industry. Domestic box office receipts for the season starting the first week of November have barely crossed the $1 billion mark.
@John 3 16: That was expected. No squeeze this year for AMC. Still holding my shares. See you in 2024.
AI-leveraged Nvidia takes the lead with a 239% gain in 2023. The company's AI accelerator chipsets, powering large-language models, have positioned it at the forefront of the tech arena.
@Ultratechman: Yes nvidia is about to lift the market on its back again.
Apple is strategically seeking to circumvent a ban on its popular watch models while appealing the patent-infringement ruling that led to the prohibition.
@areecep: Don't get caught up in short-term, "get rich quick" schemes. Pay attention to a company's fundamentals and competitive advantage.
NIO has announced new rules for paid battery upgrades that are generally consistent with previous ones, but add restrictions for owners who wish to upgrade permanently.
@philzero: Dont worry be happy, trust the NIO culture.
Mullen Automotive, an emerging electric vehicle manufacturer, announced the successful completion of solid-state polymer cell to pack integration for the Mullen ONE Class 1 EV cargo vans.
@Questionable Invts: Will buy again in 2026 by then David Michery will be done with delutaion & hopefully muln be on its way towards buyout by real player in automotive industry.
Alibaba Group Holding Ltd Inc's Taobao and JD.com, China's e-commerce giants, are escalating competition in the sector by adopting a "refund only" policy for dissatisfied customers, mirroring a strategy implemented by budget online retailer Pinduoduo since 2021.
@moom lives Cheap with high growth, high margins.
While the historical EPS growth rate for Amazon is 7.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 278.8% this year, crushing the industry average, which calls for EPS growth of 50%.
@ecommerceshares: Amazon partners with Plug Power to install electrolyzers for hydrogen production at its Aurora, Colorado fulfillment center.
Advanced Micro Devices Inc appears set to release a new low-end graphics card, the Radeon RX 7600 XT, on January 22.
@BrandonnW If AMD is preparing an RX 7600 XT, there are two possibilities. Either it will use the same maxed-out Navi 33 GPU or a stripped-down version of the Navi 32 GPU we see in cards like the RX 7800 XT and RX 7700 XT. Hopefully, the latter is true. Although the RX 7600 is a solid 1080p graphics card, it remains about 30% slower than the next step up in AMD’s lineup.
Notably, SIA recovered from the pandemic this year, paying dividends of S$ 0.28 per share and S$0.1 per share in August and December, respectively, for a total of S$ 0.38 per share during the year. This resulted in a dividend yield of 5.91%, significantly higher than the 1.56% seen in 2022.
@bullrider_21: This is no window dressing. This is year end rally. Wall Street has been rallying for so long. SG blue chips are also joining the rally.
Thanks for reading!
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On which stock did you get the most satisfying gains in 2023? Tell us more about it!
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SpyderCall : The most satisfying gains I received in 2023 came to me through an earnings play with $Qualcomm (QCOM.US)$.
The semiconductor sector was rallying due to all of the AI hype. But QCOM was still technically in a bearish trend. Put premiums were super cheap due to the spike up in semi stocks. Also, QCOM's price was near a major resistance level. So, I shorted QCOM before their earnings release.
The earnings were a disappointment, and the stock price gapped down overnight around 8%. I sold my put options for several hundred percent in profit the very next day. It was my most profitable trade in 2023.
mr_cashcow : For me apart from the regular $Tesla (TSLA.US)$ roller coaster ride it has to be the tactical play on $Sellas Life Sciences (SLS.US)$
Tbh it is a stupid bet on penny stock that I heard of from Reddit that actually works out
102362254 : My most satisfying gains in 2023 was $VinFast Auto (VFS.US)$. Bought low, sold high, quick and smart. Post-COP28 and analyst support, it surged. Despite year-end drop to $7.84 from $12.87, forecasted at $11.32 (-12%). Averaging 22% swings, eyeing 40-50K EV sales in 2023 and revenue may rise to $5.5B by 2025. Really happy with this gain.
TinkerB3ll : My best trade have to come from trading $ProShares UltraShort Bloomberg Natural Gas (KOLD.US)$ from understanding the trend and history I have switched from trading penny stocks to commodity which is my most profitable trade in year 2023.
10161187 : The stock with most satisfying gains was $Apple (AAPL.US)$ for me, while I bought it at a slightly high point, AAPL still managed to increase after that!
cola1010 : My most satisfying stock gain came from $Apple (AAPL.US)$, which increased by about 30%. Apple has consistently been a top stock, exhibiting consistent growth over time. However, its performance can change due to market dynamics, product releases, and so on.
HuatLady : My most satisfying gain was from my investment in $NVIDIA (NVDA.US)$, the top AI chipmaker which surged an impressive 238% during the generative AI boom. This significant profit has bolstered my confidence in investment decisions.
Blazethebeagle : My best trade came right before Thanksgiving I bought the January 19 $40 strike Intc I believed that Intc had more room with their Ai investor day coming up in December and it didn’t disappoint closed most calls with 300-900% gains and still kept 1 runner
ZnWC : I don't reveal my portfolio due to privacy reason but my most satisfying gains in 2023 are from tech stocks or ETFs like Magnificent Seven stocks and those related to artificial intelligence. See screenshots about my P/L records in 2023.
I also diversify my portfolio investing in funds like $Fullerton SGD Cash Fund (SG9999005961.MF)$ and $CSOP USD Money Market Fund (SGXZ96797238.MF)$ which gives satisfying stable passive income on idle cash.
The closing day of the stock market may be red but the Magnificent seven stocks trending is still bullish partly due to Fed hinted rate cut which may come as early as March.
SpyderCall TinkerB3ll: good short
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