Weekly Buzz: Market feels pain as earnings come in soft
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! Answer the Weekly Topic question to win an award next week!
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Weekly Buzz
The week began with Q3 earnings downgrades from Wall Street Analysts, while the OIl markets still rose on war fears and the Fed signaled high rates in speeches. The trend continued all week, as indexes fell, high treasury yeilds and lackluster earnings kept equities low. The $S&P 500 Index(.SPX.US$ dropped 3.08%, $Dow Jones Industrial Average(.DJI.US$ fell dramatically Thursday to end the week down 1.18%, and $Nasdaq Composite Index(.IXIC.US$ collapsed 4.27%.
Last week's poll asked if oil would rise, and it did. Crude Oil Futures rose 2.27% to $88 a barrel on continued war and conflict. A U.S. chip ban hurt chip companies, EV stocks sank on Tesla earnings, and bank stocks failed to jump start earnings season with impressive results. The market awaits major company earnings net week, with Google, Microsoft, Amazon.com, coming in.
Anyway, let's dive into the weekly buzzing stock list of this week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
$Tesla(TSLA.US$ dropped 19% to $211. Tesla tumbled as the electric vehicle manufacturer reported weaker-than-expected Q3 results. The miss came as Tesla's margin more than halved year over year amid higher costs and reduced vehicle prices.The entire EV industry fell alongside the market leader.
@Combo: What a blood bath. although TSLA was already in SSR, it was unfortunate that today there is 2.5 trillion value worth of options expiring today.. technically its harder to short the stock but still because of this..
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ dropped 8.47% this week to $9 a share. AMC Entertainment Holdings Inc. is set to reap the benefits of better-than-expected box-office results, according to Roth MKM.
AMC’s domestic box-office market share should improve on a year-over-year basis as a result of strong Imax Corp. results, boosted by the success of the summer blockbuster “Oppenheimer,” according to Roth MKM.
@EasyGravy : Another week of crime
3. TPST - Buzzing Stars: ⭐⭐⭐⭐
$Tempest Therapeutics(TPST.US$ shot up 4000% before landing at a cool 1,842% rise this week to $4.66. Last Wednesday, TPST shares soared nearly 4000% after the company announced results from its ongoing Phase 1B/2 study of its TPST-1120 combination, which showed clinical superiority to existing treatments.
@Ghorghor: Good Volume
4. NVDA - Buzzing Stars: ⭐⭐⭐⭐
$NVIDIA(NVDA.US$ dropped 9.63% to $413.87 this week. Reuters reported that the U.S. intends to tighten restrictions on AI chip exports to China and Nvidia’s H800 chip, citing a U.S. government official and industry sources.
@Cow Moo-ney: US is planning to curb the sale of AI chips to China. This restriction will likely affect the big players like Nvidia, AMD, and Intel. This is bad news for the chip players especially when AI technology is blooming
5. AAPL - Buzzing Stars: ⭐⭐⭐
$Apple(AAPL.US$ lost 3% to $172 this week, falling toward their longest losing streak in nearly 21 months Friday as analysts continued to look for nuggets about early iPhone 15 sales trends.
@71532533 Put time $Apple (AAPL.US)$ back to 171 by the end of the month
6. NFLX - Buzzing Stars: ⭐⭐⭐
@Charstey : Netflix $NFLX Q3 2023 Results:Matches Earnings Expectation & Misses Revenue expectations by ~1%
7. ICU - Buzzing Stars: ⭐⭐⭐
$SeaStar Medical(ICU.US$ shares are trading higher on Thursday, on continued strength after the company received FDA Breakthrough Device Designation for its cell-directed Selective Cytopheretic Device (SCD).
@73164709 : $SeaStar Medical (ICU.US)$ I'm holding
8. NIO - Buzzing Stars: ⭐⭐⭐
$NIO Inc(NIO.US$ dropped 14% to $7.58. Thursday: NIO Shares Are Trading Lower as EV Stocks Fall in Sympathy With Tesla
@DrC 504 $NIO Inc (NIO.US)$ WHAT THE HECK!
9. MCOM - Buzzing Stars: ⭐⭐⭐
@Aka4dubgamingFN : $Micromobility.com (MCOM.US)$ more cheaper you bums. bankrupt it. lose it all. IDC I do this for fun
10. LQR - Buzzing Stars: ⭐⭐
$LQR House(LQR.US$ dropped 50% to $.12, after selling millions of shares at public offering on Thursday.
@BAO BMW OMG , this kind of company still can listed in stock market, only 3 working staff
Thanks for reading!
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Weekly Topic
If you want to buy a stock, do you invest before a stock posts earnings for that quarter, or after? How do you prefer to buy into a position?
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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72757293 : buy after the earnings. therefore you eliminate all the hype.
71482208 : I think Amazon will knock their earnings out the park. They've had back to back record breaking prime days and the retail numbers came in more than double what was forecasted. Google and Meta also look strong for this quarter. So I definitely see a pop this week.
103997262 : yes
102362254 : I prefer to buy a stock before earnings report. This way I can capture the potential upside if the company beats expectations and the stock price rises. But this strategy will expose me to the downside risk if the company misses estimates and the stock price drops. No risk, no gain.
102813028 : If you are an aggressive trader, buy before a stock's earnings announcement to profit if actual results beat estimates or risk cutting losses if results underperform. For conservative traders, buy after a stock's earnings announcement to minimise risk in trading the stock.
For investors, as long as the stock fundamentals are good, enter the stock when technicals are favourable and hold for the long term to profit since stocks tend to go up in price over time.
凡q 71482208: Your observation is very accurate. Amazon performed well in recent reports, with total net sales of $1273.58 billion for the first quarter of 2023, an increase of 9% year-on-year, and an operating profit of $47.74 billion, up 30% year-on-year, and a net profit of $31.72 billion. This is a significant improvement since they were actually at a loss over the same period last year.
A1broker : most investors worries? If yes ? Now the time to buy in !!!
ZnWC : For a person who take long position, the most important is the company's fundamental and earnings are one of the investment data to look at.
Usually prior to the earnings announcement, you can see forecast of analysts predicting the estimates or expectations for profit indicators like revenue, net income, earning per share etc. The estimate consensus is adjusted when more data like sales is released. Hence you make a decision to invest before the earnings.
Beside earnings, I invest in the company based on value and growth potential of the stock for long term. Hence I usually DCA the stock over a period of time to avoid emotional trading - FOMO buy and panic sell. Having said the above, earnings may be a good opportunity for me to buy options when the share price become volatile - bearish or bullish in short term (assuming the company remains fundamentally healthy). It is always a good practice to set stop loss in case a black swan event motion occurs.
You can read my previous post about options trading during a bear and bull market conditions:
Buy calls versus buy puts: Map all possible market conditions and limit your loss
Detroit-view : dead cat bounce on Monday....
HuatLady : I will prefer to buy stocks post earnings because long term investments are more hassle free. I rather play mahjong
then to spend my precious time monitoring the stocks closely, hehe. 
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