Weekly Buzz | Stocks Remain Resilient Alongside Labor Market
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 | Stocks Remain Resilient
U.S. stocks rose as the job market remained resilient. Macro data for the week -- like low unemployment and low University of Michigan inflation expectations -- added signs that prices might be cooling, fueling hopes that the Federal Reserve can achieve its 2% inflation goal without breaking the economy.
For the week, the $S&P 500 Index(.SPX.US$ rose 0.21% to 4,604, while the $Dow Jones Industrial Average(.DJI.US$ gained 0.02% to 36,247. The $Nasdaq Composite Index(.IXIC.US$ closed 0.69% higher for the week at 14,403.97.
All three major indexes rose for a sixth straight week, according to Dow Jones Market Data.
The week's big economic report came from the U.S. Bureau of Labor Statistics, which released its November jobs report on Friday. November nonfarm payroll gains beat economists' average estimate, while the unemployment rate fell below all forecasts compiled by Bloomberg.
Average hourly earnings rose 0.4% from the prior month, the Bureau of Labor Statistics said. Separately, the University of Michigan's U.S. Consumer Sentiment Index rose 13% in December, erasing all declines from the previous four months.
The school said the gains were mainly driven by improvements in consumer expectations for inflation's trajectory. Inflation expectations fell to the lowest since March 2021, the survey showed.
Let's dive into the top buzzing stocks in the community this week:
Dow Jones reported on Tuesday that Denmark's biggest union will join a Swedish mechanic strike against Tesla. In a statement, the Danish 3F union said its workers would stop transporting Tesla cars, halting attempts from Tesla at a blockade.
@Talented Mr Ripley : the shorts, the shorts, the shorts are on fire.
Shares of Nio slid Tuesday after rising on a report that management was considering further job cuts this year.
@71229336Bedbugguy : Nasdaq Rocking Except Nio
Shares of AMC Entertainment were up 9% Monday, boosted by the strong opening weekend performance of "Renaissance: A Film by Beyonce," Benzinga reported.
@EasyGravy: Have a great weekend....hodl....lol
Seeking Alpha reported Friday that Nvidia and Malaysia's YTL Power International to invest more than $4B to build an artificial intelligence data center in the Asian nation. Nividia's Jensen Huang agreed with Malaysian Prime Minister Anwar in a Friday meeting.
@Maniac Fool: Get ready for 502-505 breakout levels
Dow Jones reported recently Alibaba fell from its position as China's highest market-capitalization retailer, handing the trophy to PDD Holdings, which runs the e-commerce platform Temu.
The Wall Street Journal reported Thursday night that Apple plans to make over 50 million iPhones a year with its suppliers in India, accounting for about a quarter of the tech giant's global annual iPhone production.
Wednesday night, GameStop's board approved Chairman and Chief Executive Ryan Cohen's plans to invest GME funds into other companies' equities, according to a U.S. Securities and Exchange Commission filing.
Alterity Therapeutics shares rallied on Monday after the firm reported positive data for a prototype drug to treat Parkinson's, Seeking Alpha reported.
Clearmind, an addiction-treatment startup, jumped at the beginning of the week on good drug-trial news. According to a press release, Clearmind disclosed positive outcomes in its endeavors to address addiction, using a "psychedelic molecule" called MEAI. The stock soared more than 98% on the news, although it gave back all of those gains and more by week's end.
10. $Meta Platforms(META.US$- Buzzing Stars: ⭐⭐ Wednesday, Meta Platforms launched a standalone artificial intelligence image generator.
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Weekly Topic: With the announcement of Google Gemini, a couple of AI contenders are in the public market. While launching an AI product because it is the "style of the time" is neat, what does it take for a firm to garner your true attention as a winner?
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102362254 : Simply joining the AI trend won't guarantee success. I need more than just hype. It takes much more for a firm to garner my true attention as a winner. Just riding the wave of AI hype won't cut it. To stand out, an AI product's gotta have top-notch tech that can tackle all sorts of tricky stuff, a real-world problem it solves like a champ, and a unique edge that beats out what's already out there.
cola1010 : A company must do a few things in order to capture attention and succeed in the AI market, especially with new products like Google Gemini on the market. They should come up with really new and impressive solutions, show they can be trusted by having a good history of making things work well, care about doing AI in a fair and right way, be able to work in lots of different industries, make their AI easy and nice for people to use, and always work on making their AI better. If a company can do all of these things – be creative, fair, flexible, user-friendly, and constantly improving – they will undoubtedly be regarded as a top player in the competitive world of AI.
小trader : To capture my genuine attention as a winner in the AI space, a firm needs to demonstrate more than just following a trend like launching an AI product because it's popular. To me, a winning AI firm combines innovation, practical results, scalability, adaptability, ethical considerations, user-centric design, and market leadership to capture genuine attention.
GodSpeed289 : Winning the AI race isn’t just about technological prowess; it’s about harnessing the power of AI to benefit society, ensure ethical development, and leveraging AI’s transformative potential to address international pressing challenges while upholding ethical principles and global collaboration.
HuatEver : Goggle Gemini isn’t alone in the AI world. $Microsoft (MSFT.US)$ and $NVIDIA (NVDA.US)$ are also creating competitive challenges. To really emerge as winners companies should not just launch AI because it’s popular. They should prove that AI can make a positive impact to society.
ZnWC : In my previous posts, I mentioned that we see the rise in artificial intelligence stocks in 1H 2024. But for a company stocks to be the true winner, launching an AI product is not enough. The AI technology need to revolutionise our way of life like ChatGTP at the start of this year. The bear may warn about AI bubble which is true if the technology couldn't reach the next level AGI (General Intelligence).
There are firms trying to achieve AGI for examples Tesla's FSD (Full Self Drive) using neural network self learning and Microsoft's Hanover project to predict the most effective cancer drug treatment options for patients. Beside AI, I predict that there may be breakthrough is AI chip, supercomputing and ultra-speed internet (6G and beyond). New generation of clean energy storage to replace fossil fuels or related industry can create sparks in the stock market too.
Reuters reported that Fed interest rate pivotal may occur as early as May next year. If this is so, it will be the biggest catalysts for stock market provided US and China economies have not fallen into recession.
HuatLady : A company must demonstrate that AI benefits customers, solves problems ethically and considering public's sensitivity in order to garner my true attention as a winner.
Let's watch how this platform stays afloat in the AI game! 
Goggle Gemini seems like a versatile and safe model that that aims to revolutionize various domains promising ethical awareness, hence, potentially affecting our lives and routines.
Hua Moo Lan : I think the success of an AI firm very much depends on a combination of technical excellence, business strategy and the ability to navigate the complex landscape of AI development and deployment.
For a firm to be able to stand out from the stiff competition in AI sector nowadays and garner my attention, first is to be able to demonstrate differentiator in innovation and technical advancement to solving complex problems. Secondly, the scalability of its AI solutions which is crucial in determining the practicality and long-term viability of an AI product/service.