Weekly Buzz: S&P 500 closes lower, logging another weekly loss
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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
The S&P 500 fell Friday to close out its third straight weekly loss on a down note. The benchmark index shed 0.2% for the day, and 2.9% for the week. The Nasdaq Composite also fell for a third consecutive week, with tech shares bearing the brunt of the recent selloff. This week’s stock-market downturn was prompted by a selloff in government bonds, as the prospect of a lengthy high interest-rate environment weighed on Wall Street. (As of September 22, 2023)
🚌 Weekly Buzz
*Note: All contents such as comments and links 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 with a qualified financial professional for your personal financial planning and tax situations.
*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 decreased by 4.23% and closed at $244.88 this week. Cathie Wood and her Ark Invest firm continued to sell Tesla stock this week, dumping more than 170,000 shares in three consecutive sessions as TSLA tumbled more than the broader S&P 500 index. Cathie Wood's Ark Investment Management sold 62,367 Tesla shares for around $16 million Thursday, based on Tesla stock's closing price of 255.70, according to the company's daily trade disclosure. (As of Sep 22, 2023)
@ZnWC: The article reported that over the last five years, Telsa's shares in the electric vehicle (EV) giant have grown by a jaw-dropping 1,263%.
2. TTOO - Buzzing Stars: ⭐⭐⭐⭐
$T2 Biosystems(TTOO.US$ shares weekly % chg decreased by 12.35% to $13.1. T2 Biosystems stock is the top-trending ticker on social media, and its shares are up over 30% today after the Food and Drug Administration (FDA) allowed the company to start marketing its biothreat panel in America.T2 Biosystems shares are frequently volatile, due in part to out-sized interest from the retail investor community. (As of Sep 22, 2023)
@Ghorghor: 600K TTOO stocks! Holding!
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ shares weekly % chg decreased by 1.04% to $7.62. As of September 21, 2023, AMC Entertainment Holdings Inc. is facing a slight setback in its stock price, experiencing a 5.2% decrease and currently trading at $7.74. This decline can be attributed to concerns regarding future rate hikes and lower-than-expected initial jobless claims data, which are having a broader impact on the market as a whole. Similar to other companies in the entertainment and cinema industry, AMC is grappling with substantial operating costs associated with the maintenance and operation of its theaters. These costs include rent, utilities, and labor expenses. Consequently, any apprehension surrounding future rate hikes can result in higher borrowing costs for AMC, potentially affecting its profitability and overall financial well-being. (As of Sep 22, 2023)
@intuitive Jackal_354: We broke 7.90 our next support level is 7.80 if we can't maintain that it's a long way down from there.
4. NIO - Buzzing Stars: ⭐⭐⭐⭐
$NIO Inc(NIO.US$ shares weekly % chg rose by 0.95% to $8.53. While Chinese tech companies have long harbored ambitions of moving into the electric car industry, EV upstart Nio Inc. has gone the other way, releasing its first mobile phone Thursday. The unprofitable automaker is targeting its loyal customer base with the phone, which will sync with Nio cars to act as a key fob, display information such as battery charge and control functions like self-parking and the in-cabin infotainment system. The Android-based handset will be priced starting at 6,499 yuan ($890) — the same as Huawei Technologies Co.’s latest flagship Mate 60 Pro — Nio said as it unveiled the phone at its “Innovation Tech Day” in Shanghai. (As of Sep 22, 2023)
@Buy-a-great-company: NIO stock price forecast before Christmas.
5. ARM - Buzzing Stars: ⭐⭐⭐
$Arm Holdings(ARM.US$ shares weekly % chg decreased by 1.61% to $51.32. Arm stock dropped below its initial public offering price on Thursday amid negative sentiment for the chip designer's prospects. On the stock market today, Arm stock dropped as low as 49.85. (As of Sep 21, 2023) However, it ended the day down 1.4% to 52.16. Arm began trading on Sept. 14 with its IPO priced at $51 a share. Arm stock surged as high as 69 on its second trading day but has fallen for five straight sessions.(As of Sep 22, 2023)
@Ziet Invests: Arm Holdings recently announced its initial public offering on the Nasdaq, with its shares jumping a significant 25% soon after.
6.AAPL - Buzzing Stars: ⭐⭐⭐
$Apple(AAPL.US$ shares weekly % chg rose by 0.49% to $174.79. Shares of tech giant Apple are up at the time of writing as the iPhone 15 hit the market, catching the eager eyes of Wall Street analysts. Dan Ives from Wedbush Securities observed strong demand for the iPhone 15 Pro and Pro Max, noting especially enthusiastic consumers in China, Europe, and the U.S. Ives also mentioned his optimism about the product’s sales, hinting at possible shipments of up to 90 million units due to remarkable carrier promotions. (As of Sep 22, 2023)
@102684281: No need to look at apple. The Nvidia already drop. Apple will follow.
7. CCG - Buzzing Stars: ⭐⭐⭐
$Cheche Group(CCG.US$ shares weekly % chg rose by 31.45% to $19.52. Cheche Group stock is down another 40%. CCG stock is therefore some 70% up on the pre-Spac combination price, also down 92% from its most absurd during the deal price. Which is the correct long term price, well, as we can see, that’s something still to be decided. We would very strongly suggest that the $200 peak isn’t it but other than that we’re happy to let other people work out what it should be. (As of Sep 22, 2023)
@Follow my prediction: Solid strategies and consistent results, simple as follow my predictions.
8. NVDA - Buzzing Stars: ⭐⭐⭐
$NVIDIA(NVDA.US$ shares weekly % chg rose by 1.45% to $416.1. For those currently holding Nvidia, especially those who bought NVDA stock near its highs (just over $500 per share), it may seem like the beginning of the end for this AI chip stock’s hot run. The generative artificial intelligence mega-trend resulted in shares more than tripling in price between January and August. In recent weeks, however, bullishness for this “Magnificent Seven” component has cooled down in a big way. Chalk this up to reasons that are company-specific, as well as those more macro-related in nature. If you currently own NVDA, it may not be time to take profits and/or cut your losses. (As of Sep 22, 2023)
@71484344: Truely no strength, gona soon drop to 300 levels.
9. EBET - Buzzing Stars: ⭐⭐⭐
$EBET Inc(EBET.US$ shares weekly % chg decreased by 10.78% to $0.0679. On September 22, 2023, a significant event took place in the financial world known as a block trade. This type of transaction is conducted privately, away from public markets, with the intention of minimizing its impact on the price of the security involved. Typically, hedge funds, institutional investors, and accredited investors with substantial wealth engage in block trades through intermediaries such as investment banks. (As of Sep 22, 2023)
@Biff: Hold those shares. It's just the people that don't like holding over weekends leaving.
10. CART - Buzzing Stars: ⭐⭐
$Instacart(Maplebear)(CART.US$ shares weekly % chg decreased by 2.12% to $30. Order your groceries from Instacart's app, and one of those workers roams the aisles at the local Kroger for your items, waits in line to pay, and delivers to your door. Instacart went public this week, putting a spotlight on the company and the contractors it calls "shoppers." (As of Sep 22, 2023)
@Winner takes all: Instacart the shortest mania I have ever seen, less than a session. pathetic company.
Thanks for reading! ![]()
🌎 Awarding Moment
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week! @PassiveLearner @102362254 @Biff @bullrider_21 @HuatLady @ZnWC @HuatEver @cola1010
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Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Weekly Topic
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Why are IPOs attractive to investors?
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MuscMoo : once you guys take away the free level 2 data, there's no reason to use this website.... it's clear you guys employ shills to get people trading etc. I don't understand why anybody in the United States would use this as their brokerage over 100 other more reputable brokers out there
ruby run MuscMoo: Somebody get this dude a drug test, plz!!!
Biff : I really have no idea. Barely any of them ever stay higher than they open and take awhile to recover. Better to wait for the dip and buy at a discount!
MuscMoo ruby run: weed is legal where I am. Thank God I don't live in Singapore or somewhere
Uncle Leon sg : I for one is so thankful for this app where the team kept adding features and deliver relevant news and adjust how to better layout the function for better usage. I can feel their sincerity thnaks Moomoo
102362254 : Recent IPOs frequently face challenges once the initial hype subsides, with many experiencing no or negative growth since their debut. IPOs may hold appeal for some investors, but I do not find them attractive.
Meme_Short_Queen : IPOs can be double edged sword - low entry point if good company; nightmare peak if bad. spectators wonderland
Sunny_Bee : Interested investors expect the market price to be above the IPO price. The number of times an IPO is oversubscribed gives an indication of the level of attractiveness of the IPO and influences the market price when it is launched in the market.
ZnWC : An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Companies must meet requirements by exchanges and the Securities and Exchange Commission (SEC) to hold an IPO.
Here are 2 reasons why IPOs are attractive to investors:
1) Investors could get in early on high-growth companies.
IPOs represent the first time the general public can invest in innovative, high-growth companies.
2) Investing early could yield long-term rewards.
Investing at the offering price or at the IPO can potentially grant investors the opportunity to reap massive returns on their investment.
Here are 2 risks when investing in IPOs:
1) IPOs are risky. Because IPOs are the first time the general public can invest in a company, the price may be pushed upward. IPO prices pushed up by the public are likely overpriced and will probably fall to a price at or even below the IPO price.
2) IPOs are highly volatile.
IPO lock-up periods, financials, and more can affect a company’s post-IPO price. Lock-up periods inevitably cause a drop in share price after they end. Since IPOs are newer, untested companies, their prices will fluctuate often.
Because IPOs can be risky and volatile after going public, investors should perform due diligence on the company thoroughly before investing. This means investors should research the industry and the competitors, and thoroughly understand the company’s product or service. You can read more about IPO investment in the links below.
Source:
The Pros and Cons of Investing in an IPO - KingCrowd
Initial Public Offering (IPO): What It Is and How It Works - Investopedia
Yikers MuscMoo: No other app has as nice and intuitive an interface as this one. I for one am impressed.
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