Weekly Buzz: Stocks lose steam ahead of labor day
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 ended the first trading session of September mostly higher but off their highs after the latest jobs report showed the labor market is continuing to cool. The Dow rose 116 points, or 0.3%. The S&P 500 gained 0.2% and the Nasdaq Composite lost 0.02%. The US economy added 187,000 jobs in August, according to fresh data from the Bureau of Labor Statistics. That's above economists' expectations of a 170,000 gain but still a slowdown from the past two years of growth. (As of September 1, 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 5.01% and closed at $245.01 this week. Tesla finally unveiled its long-awaited updated Model 3 EV sedan on sale in China overnight, following months of buzz. Tesla stock is near a buy point.Tesla will presumably export the new Model 3 to Europe and other key markets in the coming months as well. Eventually, Tesla's original Fremont, Calif.-based plant will make the "Highland" for the U.S. market. Amid the buzz for the Model 3 upgrade and the looming Cybertruck, there has been some negative news. Tesla appears to be stepping up North America inventory discounts on the Model 3 and Model Y, putting further pressure on profit margins. Also, federal prosecutors reportedly are probing Tesla for misuse of funds as well as inflating battery ranges. (As of Sep 1, 2023)
@bullrider_21: Tesla price cuts severely impact margin
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ shares weekly % chg rose by 4.3% to $13.1. AMC Theatres on Thursday announced the company is set to showcase the TAYLOR SWIFT | THE ERAS TOUR concert film starting October 13. Each U.S. AMC Theatre will offer a minimum of four daily showtimes on Thursdays through Sundays. AMC shares are otherwise lower by 80% over the trailing year. Notably, the stock commenced trading under a 10-to-1 reverse split arrangement as of last Thursday's market opening. The company's AMC Preferred Equity Units, formerly traded as APE, underwent conversion into common stock on Friday. (As of Sep 1, 2023)
@intuitive Jackal_354: now if he would just do something about 48 days on the threshold securities list.
3. VFS - Buzzing Stars: ⭐⭐⭐⭐
$VinFast Auto(VFS.US$ shares weekly % chg decreased by 16.34% to $29.495. VinFast Auto has been stealing the show these past few weeks. The company was worth close to $190 billion at the start of the week, making it the third-most valuable carmaker in the world. Since Monday, the stock is down 50%, and more pain might be on the horizon. “Valuing the company above established automakers, however temporarily, is not a sign of confidence in VinFast, but rather short-term investors taking advantage of a high-profile stock in a market,” AutoForecast Solutions’ Fiorani says.(As of Sep 1, 2023)
@Winner takes all: I need this over 40 EOD, you guys have job to do now.
4. NIO - Buzzing Stars: ⭐⭐⭐⭐
$NIO Inc(NIO.US$ shares weekly % chg rose by 7.16% to $11. Chinese EV startup Nio saw its revenue in the second quarter this year fall 14.8 percent year-on-year to 8.77 billion yuan ($1,209.7 million), according to its financial statement released on Tuesday. The profit of the New York-listed startup in the quarter stood at 6.06 billion yuan, tumbling 119.6 percent from the same period last year and 24.2 percent from the first quarter this year. The falls in its revenue and profit were mainly attributed to its lackluster sales. Nio delivered only 23,500 vehicles from April to June, down 6.1 percent year-on-year, despite the burgeoning NEV segment in China. Nio expects its sales in the third quarter to at least double the figure in the second quarter to reach between 55,000 units to 57,000 units thanks to the arrival of new models. Statistics show that the startup's sales in July already rebounded back to over 20,000 units. (As of Sep 1, 2023)
@101620691: there is confirm no green for tonight.
5. NVDA - Buzzing Stars: ⭐⭐⭐
$NVIDIA(NVDA.US$ shares weekly % chg decreased by 1.72% to $485.09. The chipmaker unveiled a partnership with Alphabet’s Google Cloud. The deal will make it easier for Google Cloud’s customers to utilize AI, which is created using Nvidia’s chips. According to TheStreet, the deal “should” lift Nvidia’s top line going forward. Nvidia Corporation will be banned from selling its top-tier artificial AI chips in certain Middle East countries under new export restrictions imposed by the US government. Nvidia did not state which countries were named in the edict, though the fabless semiconductor titan claimed in a regulatory filing that the restrictions would not have an “immediate material impact”. (As of Sep 1, 2023)
@MACKGforEver: Nvidia's stock jumps 4.2% to an all-time high post Google partnership for AI tech expansion. 2023 sees a remarkable 234% surge, topping S&P 500.
6. MULN - Buzzing Stars: ⭐⭐⭐
$Mullen Automotive(MULN.US$ shares weekly % chg decreased by 12.37% to $0.4625. Mullen Automotive, an emerging electric vehicle manufacturer, is reporting on its stock buyback program. The buyback program started on Aug. 16, 2023, and could go through Dec. 31, 2023. According to the announcement, the company has repurchased $5,610,600 in shares of its Mullen's original announcement on Aug. 17, 2023. MULN's board of directors approved the stock buyback program in July; approval allows the company to purchase up to $25 million in shares. (As of Sep 1, 2023)
@Nature Boy: So even if DM wasn't a total fraud, a company that is to deliver highly efficient electric technologies, struggles with basic teleconferencing services.
7. MCOM - Buzzing Stars: ⭐⭐⭐
$Micromobility.com(MCOM.US$ shares weekly % chg decreased by 2.17% to $0.0665. micromobility.com, Inc. is an intra-urban transportation company, which engages in the provision of transportation, specifically addressing first and last mile transport. It combines expertise in retail, shared services, and vehicle rentals to revolutionize urban transportation. The firm operates across the US and Europe, the holding group encompasses shared micromobility solutions through Helbiz Inc., vehicle rentals via Wheels Labs Inc. and e-commerce and planned brick-and-mortar stores via the micromobility.com brand. It provides eco-friendly, affordable solutions and enhancing global accessibility. (As of Sep 1, 2023)
@Jaytheman: MCOM big moves and bullish news coming !!
8. ICCT - Buzzing Stars: ⭐⭐⭐
$iCoreConnect(ICCT.US$ shares weekly % chg decreased by 25.67% to $8.74. iCoreConnect Inc is down Friday morning, with the stock declining 14.05% in pre-market trading to 10.28. ICCT's short-term technical score of 100 indicates that the stock has traded more bullishly over the last month than 100% of stocks on the market. In the Health Information Services industry, which ranks 120 out of 146 industries, ICCT ranks higher than 100% of stocks. iCoreConnect Inc has risen 12.72% over the past month, closing at $10.62 on August 4. During this period of time, the stock fell as low as $1.59 and as high as $12.43.(As of Sep 1, 2023)
@Mareomareo: damn bad investment really jumped in being a follower and not using my own judgment got me in a chokehold.
9. BETR - Buzzing Stars: ⭐⭐⭐
$Better Home & Finance(BETR.US$ shares weekly % chg decreased by 13.35% to $0.805. The considerable ownership by individual investors in Better Home & Finance Holding indicates that they collectively have a greater say in management and business strategy. The top 15 shareholders own 40% of the company, and 21% of Better Home & Finance Holding is held by insiders.(As of Sep 1, 2023)
@MangoXXX: I need more bullets and about to loose my patience.
10. XPEV - Buzzing Stars: ⭐⭐
$XPeng(XPEV.US$ shares weekly % chg rose by 5.4% to $18.71. In August 2023, XPENG recorded monthly deliveries of 13,690 Smart EVs, a 24% increase over the prior month and a 43% increase year-over-year. Since the start of this year, XPENG's monthly delivery volume has continuously increased, maintaining solid growth momentum. In August, XPENG G6 deliveries reached 7,068 units, which brought cumulative G6 deliveries to more than 11,000 units.(As of Sep 1, 2023)
@bullrider_21: Xpeng August 2023 delivery up 43% yoy.
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! @Firebird @TinkerB3ll @PassiveLearner @Big Swing @102362254 @双瞳剪水的斯托达德 @103047546 @阿姚朋友 @Ah keong @ZnWC @cola1010
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Reeskylr : I just started on this rocky road! I am doing the paper trading at the moment and will grab a couple on the list. Those high end stocks are out of my reach for the time being. I am retired and lurking around to watch.
Akflyer : My trade in HE is paying off and
next week I will close my trade position for a gain of 20%
Traderlife : Good afternoon, I’m doing the paper trading at the moment. I don’t know how to stop a trade, or put a stop loss on it if it’s possible. Not sure if it’s the same concept as crypto?
Asphen : not for Sept FOMC
PassiveLearner : This week's investment has met my expectations, I'm an investor for income and started back in July 2023, some stocks prices are due for corrections and the Feds are still looking to slow down further more on the jobs growth and lower down inflation rates..
I would build up my investment funds on the side in a Higher yield fund like $Fullerton SGD Cash Fund (SG9999005961.MF)$ for SGD and wait for the stock prices to come down more, do not rush your investment give it time and let it grow.
102362254 : Yes, this week’s investment returns exceeded my expectations, which is great. Bought FUTU on dips and sold on rally. Friday was the best day of the week. I plan to use my gains to buy back more FUTU during deeper dips and keep for long term.
102058551 : higher for longer, the high is yet to come
razo2 : boy and girls. don't fight and guess. look at oil price today and compare this to Jan 2023. JP is very happy with those results.
Seraphicall razo2: Oil for 90 :)
CyberCT : Are you sure?
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