Weekly Buzz: November ends with sharp gains
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 for a chance to win an award next week!
Make Your Choice
Weekly Buzz: November ends with sharp gains
U.S. stocks opened mostly lower on Friday after capping off a spectacular November for markets. Equities finished off the day and the week in the green following a speech from Federal Reserve Chair Jerome Powell that painted a rosy picture: rates may have already put the economy on course to lower inflation.
At the close, the $Dow Jones Industrial Average(.DJI.US$ was up 2.42% for the week -- a total of 855 points to end the first day of December at 36,245. The $S&P 500 Index(.SPX.US$ grew 35 points this week (0.77%) to hit 4,594, while the $Nasdaq Composite Index(.IXIC.US$ rose 54 points (0.38%) to close the week at 14,305.
Friday's trading followed a strong close to November the day before. The Dow Jones Industrial Average closed at its highest in 22 months on Thursday, while the S&P 500 and Nasdaq enjoyed their biggest monthly advances since July 2022.
Bonds also rallied, while yields dropped. The yield on the 10-year Treasury note fell 70 basis points $U.S. 10-Year Treasury Notes Yield(US10Y.BD$ by early Friday -- the steepest monthly decline since the 2008 global financial crisis, according to Goldman Sachs.
Bond yields eased as Federal Reserve chief Powell offered the strongest signal yet that the central bank might be done raising rates, saying in remarks at Spelman College in Atlanta that the Fed's policy-setting is "well into restrictive territory, meaning that tight monetary policy" is slowing economic activity.
However, Powell's comments were also laced with caution. "It would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance," he said.
Alastair George, chief investment strategist at Edison Investment Research, told MarketWatch that expectations for the Fed to shift gears and cut interest rates as soon as next March or May helped send bond yields lower in November while pushing stocks higher.
"Bond yields in the U.S. and Europe have tumbled during November as inflation falls and policy rates peak," he said. "This has proved a welcome respite for global equity markets, which were under pressure from rising bond yields over the summer."
In non-market news, Berkshire Hathaway Vice Chairman Charlie Munger died this week at the age of 99. Berkshire said he passed peacefully in a hospital bed Tuesday.
Let's dive into the weekly buzzing stock list this week:
1. $Tesla(TSLA.US$ - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla delivered its first Cybertrucks at an event in Texas on Thursday, with Chief Executive Elon Musk heralding the EV pickup truck as "the future of cars." The event was live-streamed from the Tesla "gigafactory" in Austin.
"Once in a long while a product comes along that is rare, something really special ... We will remember these special moments," Musk said.
@70168918 : Tesla cyber truck was set to launch for 40000$ now the cheapest version is too expensive at 61000$ stock need to go law and then come back up for a big run through resistance so Monday morning gaping down
2. $Redhill Biopharma(RDHL.US$ - Buzzing Stars: ⭐⭐⭐⭐
On Monday, Redhill Biopharma shares more than doubled after the company said that the Food and Drug Administration had awarded five years of market exclusivity for Talicia, a treatment for Helicobacter pylori infection. Tuesday, shares halted on volatility after they jumped 165%.
@72869745 : Got some shares at 2.00 and 1.80 today and enjoy rest of day average down looking for next leg up
3. $AMC Entertainment(AMC.US$ - Buzzing Stars: ⭐⭐⭐⭐
AMC Entertainment started the week down after a disappointing Thanksgiving weekend box-office performance that wasn't what Disney or AMC had hoped for. Shares dipped 2% in trading Monday. That's shaping up to be the stock's worst performance in a decade, according to Dow Jones market data.
@buenchile : oofffff this is getting interesting
4. $NVIDIA(NVDA.US$ - Buzzing Stars: ⭐⭐⭐⭐
Dow Jones reported on Tuesday that Amazon.com and Nvidia said they are expanding their strategic collaboration on building out the next-generation of generative artificial intelligence services and infrastructure.
@Combo : No one dares to ask the question about rate cuts
5. $Vivos Therapeutics(VVOS.US$ - Buzzing Stars: ⭐⭐⭐
Vivos exploded Tuesday and Wednesday after the U.S. Food and Drug Administration approved the company's drug for treating sleep apnea. The stock shot up 440%+ and then 990% Wednesday into Thursday.
@Madjboy1 : DON'T GET STUCK BAG HOLDING! Use a small amount of your portfolio to play with.
6. $Alibaba(BABA.US$ - Buzzing Stars: ⭐⭐⭐
With a market value at Thursday's close of nearly $196 billion, Dow Jones reported that PDD has overtaken its far-longer established rival Alibaba, which was worth $8.7 billion less. Tencent, the gaming and social-media giant that is also an important rival to Alibaba, is worth closer to $400 billion. This followed PDD's blowout earnings this week after its Temu online shopping app took off in the U.S.
@102319027 : so many gonna die when Monday comes
7. $Apple(AAPL.US$- Buzzing Stars: ⭐⭐⭐
Shares of Apple rose Friday after The Wall Street Journal reported the media company may bundle its streaming services with those of Paramount. Citing people familiar with the discussions, the Journal said conversations were in the early stages, but the companies have talked about offering a combination of Paramount+ and Apple TV+ that would be cheaper than subscribing to both services separately.
@moom lives: $SPY Monthly Performance Heat Map: Cheers Top Winners -- $Apple(AAPL.US)$ +11.2%
8. $NIO Inc(NIO.US$ - Buzzing Stars: ⭐⭐⭐
Nio reported that week that it delivered 15,959 vehicles in November -- up 12.6 percent year-on-year, but essentially flat from October's 16,074. The November deliveries included 10,545 SUVs and 5,414 sedans, according to a press release.
@104467085: good news fall bad news also fall
9. $Amazon(AMZN.US$ - Buzzing Stars: ⭐⭐⭐
$亚马逊(AMZN.US)$ said in a release it enjoyed a record weekend this year for sales on and around Cyber Monday. According to Adobe Analytics data released Tuesday, U.S. shoppers spent about $38 billion online during Thanksgiving weekend. Consumers spent $9.8 billion on Black Friday, a 7.5% jump from 2022 levels, and a record $12.4 billion on Cyber Monday, up 9.6% from last year. Online sales during "Cyber Week," or the five days between Thanksgiving and Cyber Monday, reached $38 billion, surpassing Adobe's projected $37.2 billion.
@Rockyturki : PT Raised to $200 at Oppenheimer
10. $SciSparc(SPRC.US$ - Buzzing Stars: ⭐⭐
SeekingAlpha reported that SciSParc shares were down 12% in late morning trading Tuesday after the Israeli company announced pre-clinical results from a study of its drug PEA and that its board had adopted a limited-duration shareholder-rights plan effective immediately.
@FiReBiTriXiE : You’re next beautiful my intuition tells me your weeks next week, possibly even AH but slim chance by then!!🔥🦅
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.
Awards
Congrats to the following mooers whose comments were selected as the top comments last week!
Notice:
A reward will be sent to you this week. Please feel free to contact us if there is an issue.
Weekly Topic:
Charlie Munger was a king of investing, and this week, stories of his success and his advice flooded the media world after his passing. What have you learned in your time as an investor?
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.
Disclaimer:
Any app images provided are not current, and any securities are shown for illustrative purposes only.
This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Community Official Account
Bringing you insights, inspiration and the hottest content.
149KFollowers
1199Following
59KVisitors
Follow
102362254 : In my time as an investor, I've learned the power of continuous learning, the value of inverting perspectives, and the importance of long-term thinking from Charlie Munger. His blend of wisdom, ethics, and wit has left a lasting impact on the world of investing and beyond.
stevenlsf1 : The Nasdaq Composite slipped 0.6% on November 30, ending the month at 13,543.062. The Nasdaq was dragged down by weakness in technology and consumer discretionary stocks, which faced pressure from higher interest rates and valuation concerns. The Nasdaq still rose 7.4% for the month, but lagged behind the other major indexes2
doctorpot1 : one of Charlie's quote is to Be a learning machine. Charlie Munger said, “I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy that help, particularly when you have a long run ahead of you.”
Being a learning machine has helped me to expand my knowledge and perspective, and to improve my investing skills and results. By being curious, humble, and open-minded, I have been able to learn from various sources and disciplines, such as history, psychology, economics, and more. By updating my beliefs and opinions based on new evidence and logic, I have been able to avoid confirmation bias, and to adapt to changing circumstances and opportunities. By seeking knowledge from various sources and disciplines, I have been able to develop a multidisciplinary mental framework, or what Charlie Munger called a "latticework of mental models", that helps me to understand the world better and to make better decisions.
103724850 : thanks
ZnWC : I learned that emotional trading is the greatest enemy and one should avoid at all cost. This problem has been identified by Charlie Munger:
"Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it's time".
Lesson learned: Although buying stocks during a market crash may cause some emotional discomfort in the short run, it can lead to high returns. Adopting a long-term focus, as Munger suggests, and actively adding quality businesses to your portfolio while they offer good value for money can enhance your long-term returns.
I haven't encountered financial crisis like Charlie Munger did in 2008. It must be very frightening to see stock market crash and I always remind myself to keep emergency fund to avoid panic selling. Another trap to beware is greed which can lure us into taking more risk beyond our mean.
I also learned that we should make our own decision when investing in stocks and not blindly follow others or what the media said. We should make our plan (unique) based on your mean and objective. This is what Munger said about herd mentality:
"Mimicking the herd invites regression to the mean".
Lesson learned: Concerned investors may seek comfort from their peers in a market crash. They may, for example, be worried about the prospects for the stock market. This could lead them to follow the actions of their peers, which in many cases could be to avoid buying stocks until the outlook for the economy starts to improve.
Lazybones hippo : Gains
cola1010 : Studying the experiences of successful investors such as Charlie Munger highlights the need for discipline, flexibility, and patience in the fast-paced world of finance. In order to minimise risk, diversification is important. Long-term thinking is also important for navigating market volatility, and ongoing education is necessary to stay up to date on economic developments. Effective risk management, emotional discipline, and adaptability are key principles, with value investing in undervalued assets being a strategy associated with success.
HuatLady : As a long term investor, I owe a debt of gratitude to the late Charlie Munger for imparting invaluable lessons. His wisdom has not only honed my mindset but fortified my ability to endure losses and adversity with patience, discipline and agility without losing sight of reason.
TinkerB3ll : I have learned that stick to the strategy that works, different strategy works for different tools. It’s not applicable for everything for example scalping it’s not about respecting EMA etc but for long term hold it will be looking at the trend. One thing for sure that I learnt the hard way is the trend is your friend
小trader : In my journey as an investor, I've learned valuable lessons from the late Charlie Munger, a true king of investing. His wisdom emphasizes the significance of patience and thorough analysis. I prioritize doing my own due diligence, conducting fundamental analyses, and complementing them with technicals to determine optimal entry points.
One quote from Charlie Munger that resonates with my approach is, 'The big money is not in the buying and selling, but in the waiting.' This underscores the importance of patience and holding onto well-researched investments. I trust my investment thesis but remain adaptable, updating it based on the evolving market landscape and new information.
View more comments...