Weekly Buzz: S&P 500, Nasdaq rebound from Powell comments to close winning week
Spoiler: At the end of this post, there is a chance for you to win points! ![]()
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
Stocks rallied Friday as traders cheered comments from Federal Reserve Chairman Jerome Powell at the annual central bank conference in Jackson Hole, Wyoming, that point to stronger-than-expected economic growth. The Dow Jones Industrial Average closed up 247.48 points, or 0.7%, at 34,346.90, after being up more than 300 points at session highs. The S&P 500 gained about 0.7% to close at 4,405.71, while the tech-heavy Nasdaq Composite advanced 0.9% to 13,590.65, which was enough to help both indexes snap a three-week losing streak. However, the Dow logged a second-straight week of losses. (As of August 25, 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. AMC - Buzzing Stars: ⭐⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ shares weekly % chg decreased by 12.73% and closed at $12.43 this week. AMC Entertainment has completed a 10:1 reverse stock split, combining the existing number of shares held by investors into fewer shares and then converting the preferred stock units ("APE" shares) into common stock. The reverse split reduces the number of AMC shares, with investors receiving 1 share for every 10 shares previously held, and increases the share price as the value of the stock declines. Shares of the parent company of AMC Theaters opened at $19.60 on Thursday after hovering in the $2 per share range for several days prior to the implementation of the reverse stock split. (As of Aug 25, 2023)
@TacticalYoda: I am documenting every instance of Doxxing and have been in touch with Law Enforcement this morning.
2. TSLA - Buzzing Stars: ⭐⭐⭐⭐
$Tesla(TSLA.US$ shares weekly % chg rose by 4.1% to $238.59. The company's market cap stands at $756.21 billion. The Tesla Cybertruck was originally scheduled to be mass-produced and start deliveries in 2021, but it has been delayed for a number of reasons and has yet to start deliveries. According to related news, Cybertruck may be delivered to Tesla insiders as early as the end of September this year. At Tesla's shareholders meeting in May this year, Musk said that it will be mass-produced and delivered to Cybertruck card later this year, and the goal is to produce about 250,000 units per year, depending on demand. (As of Aug 25, 2023)
@Teslaconomics: Nvidia Stock Is Getting Cheaper While Tesla Just Keeps Getting More Expensive.
3. NVDA - Buzzing Stars: ⭐⭐⭐⭐
$NVIDIA(NVDA.US$ shares weekly % chg decreased by 2.48% to $460.18. The company's market cap stands at $1.14 trillion. NVIDIA Corporation reported overwhelming second-quarter fiscal 2024 results, wherein the top and bottom lines surpassed the respective Zacks Consensus Estimate and marked a significant year-over-year improvement. The company’s latest quarterly performance reflected record revenues across its data center end market, which mainly benefited from growing investments in generative AI. (As of Aug 25, 2023)
@moom lives: NVDA is anti events mate !
4. MULN - Buzzing Stars: ⭐⭐⭐⭐
$Mullen Automotive(MULN.US$ shares weekly % chg decreased by 13% to $0.649. The company's market cap stands at $119.53 million. Mullen Automotive Inc.witnessed a spike in buying volume but it lacked fresh buying. The short covering often increases the buying volume which is visible. This type of buying is due to square off the previous positions.
At the beginning of July, MULN stock showed a similar kind of spike and prices gained 245% in 2 trading sessions. It hit a swing high at $2.91 but buyers were unable to hold the higher levels. (As of Aug 25, 2023)
@Shootingstar: if this company was in my country.
5. NIO - Buzzing Stars: ⭐⭐⭐
$NIO Inc(NIO.US$ shares weekly % chg rose by 2.07% to $10.83. The company's market cap stands at $19.26 billion. Because NIO made a loss in the last twelve months, we think the market is probably more focused on revenue and revenue growth, at least for now. Generally speaking, companies without profits are expected to grow revenue yearly and at a good clip. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit. In the last three years, NIO saw its revenue grow by 51% per year, compound. That's well above most other pre-profit companies. While its revenue increased, the share price dropped at a rate of 14% per year. That seems like an unlucky result for holders. It seems likely that actual growth fell short of shareholders' expectations. (As of Aug 25, 2023)
@ZnWC: Cathie Wood sold all Xpeng, BYD and NIO shares exited all Chinese stocks except one.
6. VFS - Buzzing Stars: ⭐⭐⭐
$VinFast Auto(VFS.US$ shares weekly % chg rose by 40.82% to $68.77. The company's market cap stands at $158.66 billion. It's only been 10 days since VinFast Auto stock started trading in the U.S. after going public through a special purpose acquisition company, but its run-up since its initial public offering (IPO) has stunned the markets. This week alone, the electric vehicle (EV) stock is up a jaw-dropping 312% through 10 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. (As of Aug 25, 2023)
@bullrider_21: This stock is overvalued. But I think they want to push it to around USD100.
7. EBET - Buzzing Stars: ⭐⭐⭐
$EBET Inc(EBET.US$ shares weekly % chg decreased by 7.53% to $0.0456. The company's market cap stands at $13.69 million. On August 25, EBET stock had a relatively stable performance. The stock’s previous close and today’s open were both at $0.05. Throughout the day, the stock fluctuated within a range of $0.04 to $0.05. The trading volume for the day was 6,732,861 shares. EBET's market capitalization stands at $21.5 million. The company’s financial performance has been challenging, with earnings growth of -172.61% in the last year. However, there is no information available regarding the earnings growth for this year or the next five years. Despite the negative earnings growth, EBET has experienced significant revenue growth in the last year, with an impressive increase of 35,454.69%. (As of Aug 25, 2023)
@Thedad101: This stock has been trapping people like crazy!
8. TTOO - Buzzing Stars: ⭐⭐⭐
$T2 Biosystems(TTOO.US$ shares weekly % chg rose by 3.89% to $0.3675. The company's market cap stands at $122.59 million. T2 files S-3 documenting resale of up to 141.64 million shares of TTOO stock. Upon completion of the resale, CR and its funds are expected to own zero shares of TTOO stock. CRG Partners III Parallel Fund “B” is eligible to resell 59.70 million shares, the most shares among the CR funds. CRG Partners III (Cayman) Lev AIV trails behind that and is eligible to resell 46.69 million shares. (As of Aug 25, 2023)
@102683726: All the positives are false.
9. AAPL - Buzzing Stars: ⭐⭐⭐
$Apple(AAPL.US$ shares weekly % chg rose by 1.25% to $178.61. The company's market cap stands at $2.79 trillion. Apple is reportedly shifting to USB Type-C with the iPhone 15 series due to EU regulations. Standard iPhone 15 models may have limited charging speeds with Apple-certified cables required. However, leaks suggest that iPhone 15 Pro models could feature a Thunderbolt USB Type-C cable for faster charging and data transfer, possibly supporting up to 150W power output and 4K 60Hz output. These details are unofficial and await confirmation at Apple's expected September 12 event. (As of Aug 25, 2023)
@KevinZhang3: The flag was lowered today to commemorate the 12th year of Jobs today.
10. HKD - Buzzing Stars: ⭐⭐
$AMTD Digital(HKD.US$ shares weekly % chg decreased by 1.42% to $6.19. The company's market cap stands at $1.18 billion. AMTD World Media and Entertainment Group ("AMTD WME"), alongside with L'Officiel Inc. SAS jointly announced that the Government of The Hong Kong Special Administrative Region ("HK SAR")'s Office For Film, Newspaper and Article Administration has issued a formal letter to AMTD Group ("AMTD") to inform about the successful registration of the magazine "L'OFFICIEL HONG KONG SAR" in accordance with the Registration of Local Newspapers Ordinance. (As of Aug 25, 2023)
@TheMetaHodler: slowly dip buys before pumpers come here.
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 @DzDivz @Jungle lee @TsleyLim @Biff @102362254 @ZnWC @102392341 @cola1010 @104267753
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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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What are the best stocks to buy this week?
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FiReBiTriXiE : Honestly it’s like comparing
to 
! EV is having a hard time making a profit creating those vehicles. And when you dive into what it takes it makes me scratch my head a little confused and thinking “is it really worth it?” But I’m definitely an AI enthusiast I absolutely love AI! This is only the beginning really too!
TinkerB3ll : They are somehow related this year semi conductor are trending this give EV and AI stocks a good push. The market in the EV world is rather limited with some of the big names like Tesla Nio etc but i like AI more with more and more stocks generally moving up in the tech world. This is more sustainable as who doesnt rely on AI? Ahead with AI!!!
PassiveLearner : Thank you for the reward!
AI would be beneficial to The EV industries in the future so AI investments are the longer plays in my opinion.
Personally I would DCA into $Advanced Micro Devices (AMD.US)$ as I think that $NVIDIA (NVDA.US)$ is due for some corrections down the road.
the reason is that AMD have also worked on AI technology and have at time work in the background till it's actually time to reveal the product.
Meme_Short_Queen : VFS go go go for sure!
Jungle lee : Thanks for the reward
Big Swing : I wouldn't own EV or EV stocks if you give em away! your damn food and money is already artificial which proves your intelligence has to be or this wouldn't even be an actual post!
Simon33 : AI is a must part of all future EV, just a most reliable version.
Char_gurl : I would say AI is definitely the way things are trending.
102362254 : Best stocks to buy? I'd choose Polestar due to support from major automakers Volvo and Geely, robust production, expanding customer base and undervaluation relative to peers. Despite stock volatility, it has great upside potential.
双瞳剪水的斯托达德 : As an investor, I am cautious in the face of current market turmoil and interest rate concerns. Will buy$Apple (AAPL.US)$ The levels set at $172.10, $165.15, and $156.70 reflect a well-considered strategy that takes into account potential downside risks. By targeting these levels, I'm positioning myself to take advantage of potential price adjustments while taking into account future uncertainty.
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