Weekly Buzz | Short week brings few surprises
Happy Thursday, 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!
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Weekly Buzz
The market fluctuated the week before Easter, with just four trading days before it closed for good Friday. The first quarter ended with a band: the S&P 500 and Dow Jones finished at closing highs. Bloomberg reported that the S&P 500 has not had a five-month winning streak like this since 2019.
By Thursday, the lower-reaching indexes had mostly climbed higher, but the tech-heavy Nasdaq fell for the week. For the week, the biggest moving stocks were new additions to the market: Reddit, Astera, and Truth Social. Investors took the FOMC's no-change decision as a good sign but awaited the PCE numbers Friday for more information on whether rates at 5.25-5.5% had combated inflation in February.
On preliminary closing data, the $S&P 500 Index climbed 0.11% Friday. The $Dow Jones Industrial Average grew by 0.12%, but the $Nasdaq Composite Index fell 0.12%.
Bitcoin and related stocks also climbed after the price retook $70k, and miners like $CleanSpark, $Marathon Digital(MARA.US$ and coin traders like $Coinbase rose.
Speaking of Bitcoin, Sam Bankman-Fried received a sentence of 25 years in prison for his role as founder of the FTX crypto exchange, sentenced Thursday after a jury found him guilty of losing billions of investor dollars last year.
Anyway, let's dive into the weekly buzzing stock list of this week:
Nvidia fell 3% on Wednesday, the fourth largest decliner by in the S&P by percentage change. The chip maker has consolidated gains following the unveiling of its new Blackwell chips, but it might lose some steam as retail traders search for more volatile stocks. "While monetary conditions are hardly as loose right now, it is nonetheless apparent that we have been in a market that has been driven by momentum," said Steve Sosnick, chief strategist at Interactive Brokers. "It shouldn't be a huge shock that some of that momentum has spilled away from companies with demonstrable recent growth, like Nvidia...into those whose bottom-line growth is far from assured."
@102125877: I hope this stock not another Tesla. It already set the new low high for 3rd day. It gonna take long time break 974
Tesla was up over 5% Tuesday morning after Elon Musk promised a one-month free 'full self-driving' trial to all Tesla cars in the US this week.
@SweetRide whales want you to dump shares so they can buy them...RESIST
Shares of Trump Media & Technology Group surged Tuesday after the SPAC company DWAC switched to trade under the ticker DJT for the first time. The stock rose as much as 57.5% to $78.65 shortly after the market open. It later pulled back some, but still traded 50% higher. Trump Media & Technology aims to compete with such tech/media giants as $Alphabet-A(GOOGL.US$, Twitter and $Meta Platforms(META.US$, which the former president and his supporters see as leaning toward liberal politics.
@Raider26: if only all of us regular folk could band together and drag this over 90 it will easily go up to 200.
Bitcoin and other cryptocurrencies were largely higher on Thursday, with the end of a holiday-shortened week in mainstream financial markets looming as a possible opportunity for digital assets to attract attention from traders. The price of Bitcoin rose less than 1% over the past 24 hours to $70,400, with the largest crypto holding above the psychologically-key $70,000 level. Bitcoin hit a record high near $74,000 two weeks ago before a volatile correction took hold, pushing prices down to the $60,000 zone before a rebound that gained traction earlier this week.
@EZ_money : the Ole Cramer effect. rarely fails. once Cramer goes long on something it's over.
Monday, it became clear Intel and Advanced Micro Devices look to be the latest U.S. companies to be targeted for restrictions by China. Intel and AMD chips will be phased out of Chinese government PCs and servers in favor of domestic alternatives, reported the Financial Times on Sunday, citing published guidelines and people briefed on the matter. China is AMD's third-largest market, making up 15% of the firm's revenue, according to FactSet.
@Chasing_Freedom : where tf whales at
Monday, the European Union has launched investigations into $Apple(AAPL.US$, $Meta Platforms(META.US$ and Google parent $Alphabet-A(GOOGL.US$ under its sweeping new digital-competition law, adding to the regulatory scrutiny large U.S. tech companies are facing worldwide. The probe comes under the EU's Digital Markets Act, which took effect earlier this month. The law requires some of the world's biggest technology companies to comply with a long list of new rules aimed at boosting competition in digital advertising, online search and app ecosystems.
@RightTime: APPL price action wants to make me puke
In addition to Tesla, Mizuho analyst Vijay Rakesh downgraded the shares of $NIO Inc(NIO.US$ and $Rivian Automotive(RIVN.US$, all to neutral ratings from buy.
"EV sales growth is decelerating and much-needed lower-cost models are now expected late 2025-2026," Rakesh wrote in a note to clients. "We believe EV [original equipment manufacturers] face a 'Catch-22,' juggling profitability and production ramps, while undergoing elevated capital risks, and the EV market in China cools."
@Teck Wang Pang PaPa: so many cars launch...how is Nio going to fight? well all come to my station to refuel the Juice?..
Soundhound unveiled on Monday that its voice assistant integrated with ChatGPT will be a pioneering entry into Japanese vehicles. This marks the introduction of SoundHound Chat AI Automotive as the world's inaugural in-vehicle voice assistant featuring generative AI, available from April 2023 and set to be incorporated into Stellantis Stellantis DS Automobiles in Japan this month.
@Brian Plumb: death cross gonna be epic !!
Jim Cramer, the analyst from CNBC, called Super Micro Computer a pivotal player in the tech infrastructure industry. On Tuesday, Cramer praised Super Micro Computer, describing the company as more than just a subsidiary of Nvidia, CNBC reported. He called it a "pick and shovel story" for the cloud and artificial intelligence (AI) sectors.
"It is more than just an offshoot of Nvidia," he said.
Cramer emphasized that Super Micro Computer's role in the tech infrastructure landscape extends beyond its association with Nvidia. He highlighted the company's importance in developing and growing cloud and AI technologies.
@带你飞的飞哥: holy shxt now trend appear, today is down red...lol
Reddit rocketed 60% intraweek after its listing and moved even more Tuesday after options trading on the stock went live Monday. The stock settled down afterward, returning to a 48%+ climb from the initial listing price of $34/share.
@73171839: Ima head out
Thanks for reading!
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Weekly Topic
When a famous analyst like Jim Cramer talk about a stock, retial investors tend to worry it is a sign to sell. Do you worry when a stock has too much attention?
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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mr_cashcow : It depends I guess on why it is attracting attentions, if it is gathering attention for the right reasons then it is a good thing since the stock price most likely will rocket
102362254 : Market behavior, shaped by factors like hype, impacts stock performance, sometimes causing bubbles or crashes. While analysts like Jim Cramer can raise concerns, blindly following them is risky. Retail investors also influence fluctuations, with emotions driving prices up or down. Herd mentality can lead to overvaluation and panic selling. I am not worried when a stock has too much attention. I will prioritize diligent research and risk management for informed decision-making.
Mynor Garcia 102362254: My man, beautifully put! Respect
doctorpot1 : When a stock gains significant attention, it tends to experience increased volatility, which can be both beneficial and detrimental for investors.
On the positive side, heightened volatility can offer trading opportunities for those skilled at timing the market, improve liquidity, and contribute to market efficiency by reflecting new information.
However, it also poses risks such as potential losses, emotional decision-making, and higher trading costs.
Therefore, investors need to carefully assess their risk tolerance and employ disciplined strategies to navigate volatile market conditions effectively.
If I already owned the stock, I will be pleased by the increased attention and volatility since it could lead to greater liquidity and potentially higher prices if the market sentiment remains positive.
HuatLady : I am not bothered by a stock getting huge attention. Just because it's in the spotlight doesn't mean I should sell, or for that matter, buy recklessly. What's more important is for me to understand why it's getting attention and make smart decisions. Instead of trusting analysts like Jim Cramer I prefer doing my own research.
Kakakala12 : At least my NVDA went up quite a bit.
assailed : Don't take a chicken feather.
Cocona33 :
HuatEver : Excessive attention on a stock is a double-edged sword and can be risky. Jim Cramer or any analyst will not influence my investment choices. I will stick to my strategy of:-
Regularly investing, picking strong companies.
Keep some in safe money market fund.
Flying Dolphins : Not really. I invest more for long term rather than short term returns so I believe more on the doing our own research and evaluating the basics for every stock purchase. It is good to know but it shouldn’t be the driver to sell if you believe that you have done the right amount of research and evaluation. However it might be a good insight and opportunity for me to average down my cost if other investors panic sell.
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