Weekly Buzz: S&P 500 closes lower on Friday, but notches second straight positive 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
After sudden conflict in the Middle East, stocks were volatile this week. Oil jumped on war demand, and ended the week at $87 a barrel, up 5%. On a weekly basis, the S&P 500 and Dow notched gains. The S&P 500 climbed 0.45% to mark its second positive week, while the Dow advanced 0.79%. The Nasdaq was down 0.18%.
CNBC reported that Investors remain slightly cautious about equities but are optimistic that stocks could rally in the fourth quarter if yields climb back down and rates move lower.
Stocks came off their session highs as the week ended after consumer sentiment data was released Friday. According to the University of Michigan’s closely watched survey, preliminary consumer sentiment data slumped in October while inflation expectations spiked. Gold futures, which settled higher by 3.11%, had their best day of the year, dating back to Dec. 1, 2022. Investors also kept an eye on Treasury yields. The yield on the 10-year Treasury was down by roughly 9 basis points at 4.62%. The 2-year Treasury yield was about 1 basis point lower at 5.05%. Yields and prices have an inverted relationship.
“Rates are still in the driver’s seat, and that’s really the rebound that we’re seeing since last Friday,” said Adam Turnquist, chief technical strategist at LPL Financial. “There’s early signs that we’re seeing technically here of a capitulation, but ... we’re still fighting against an uptrend in longer-duration yields.”
Unless the yield on the 10-year Treasury retreats to near 4.35%, Turnquist said he sees a “challenging and maybe choppy market as we look ahead for October.”(As of Oct. 6, 2023)
Weekly Buzz
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*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: ⭐⭐⭐⭐⭐
$Tesla(TSLA.US$ Dropped 2.99% to $251.12. Though electric vehicle sales rose in the last quarter in the United States, EV giant Tesla market share is dropping, according to a new report from market research firm Cox Automotive. EV sales touched 313,086 units in the third quarter, marking a 49.8% increase as compared to Q3 2022, the study said. Tesla sales also jumped 19.5% year-over-year, thanks to price cuts, retaining the company's position as the leader in EV sales. (As of Oct 6, 2023)
@Gravity: time to buy, now is the time to go in before the Monday push up.
2. TPST - Buzzing Stars: ⭐⭐⭐⭐
$Tempest Therapeutics(TPST.US$ rose 1,347.% to $3.64. Oncology company's stock drops more than 50% as it seeks partners to help advance investigational cancer treatment. Shares of microcap oncology company Tempest Therapeutics Inc. (TPST) dropped more than 50% Thursday as investors took a breath after the stock's roughly 40-fold gain on Wednesday. Trading in Tempest shares was halted briefly for volatility shortly after the market opened Thursday. (As of Oct 6, 2023)
@Alvinnnnnnn89: Pump to trapped more ppl 😝
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ finished at $9.50 after raising 2.59%. New data suggests that 'Taylor Swift: The Eras Tour' is even more eagerly anticipated than summer blockbusters 'Barbie' and 'Oppenheimer.' The stock fell after the opening, despite a five-day run-up. Shares of AMC Entertainment Holdings Inc. ended Thursday's session up 5.6%, extending their winning streak to five sessions as Taylor Swift's eagerly anticipated concert film hits screens. (As of Oct 6, 2023)
@xX_Clownish_Panda_Xx: dnt poke the panda bahahahah 5 days of gains wiped out in one day 🤣 🤣 🤣 🤣 🤣
4. TTOO - Buzzing Stars: ⭐⭐⭐⭐
$T2 Biosystems(TTOO.US$ finished at $8.20 after rising 3,020%. T2 Biosystems shares plummeted on forecasts of lower revenue in the third-quarter. The stock launched during the week, but is down 93% on the year so far. Trading was paused for volatility twice Friday before resuming at 9:55 a.m. ET.
@Trixie (Firebird):Come on sqeeeeeze 🔥🔥😂😂. (As of Oct 6, 2023)
5. NVDA - Buzzing Stars: ⭐⭐⭐
$NVIDIA(NVDA.US$ finished at $178.85 after rising 0.77%. Shares of Several Semiconductors Stocks Are Trading Lower Amid Continued Inflation and Rate Hike Concerns. Reports Suggesting the U.S. Is Looking to Close the Leeway That Helped Chinese Companies Access American AI Chips Is Also Negatively Impacting Stocks. (As of Oct 6, 2023)
@Gravity: monday expected to recover.
6. AAPL - Buzzing Stars: ⭐⭐⭐
$Apple(AAPL.US$ finished at $454.61 after dropping -0.66%. The Motley Fool wrote: It might be worrying to see that Apple's revenue has declined on a year-over-year basis in each of the last three quarters. But shareholders don't seem concerned. The stock has climbed 38% so far in 2023, a better return than the Nasdaq Composite. Zooming out, Apple's rise is even more impressive. This has benefited Warren Buffett's Berkshire Hathaway tremendously, as the conglomerate's portfolio is heavily concentrated in the tech giant. (As of Oct 6, 2023)
@ROM-STAR The $S&P 500 Index(.SPX.US$ has seen an 11% rise in 2023, largely due to growth investing, with Apple leading, constituting 12% of the iShares Russell 1000 Growth ETF.
7. PRZO- Buzzing Stars: ⭐⭐⭐
$ParaZero Technologies(PRZO.US$finished at $3.30 after rising 54.93%. This week, ParaZero Technologie said the company and OVRL have received Australian authorization for drones to operate in a populated area near people, while using PRZO safety systems. Shares in the company leaped 100.9% Monday at $2.3, and have stayed high all week. (As of Oct 6, 2023)
$ParaZero Technologies(PRZO.US$finished at $3.30 after rising 54.93%. This week, ParaZero Technologie said the company and OVRL have received Australian authorization for drones to operate in a populated area near people, while using PRZO safety systems. Shares in the company leaped 100.9% Monday at $2.3, and have stayed high all week. (As of Oct 6, 2023)
@Yang Bidness II : 2.45 level might be false break out, becareful.
8. NIO - Buzzing Stars: ⭐⭐⭐
$NIO Inc(NIO.US$ FInsihed at $8.47 after rising 0.36% Nio announced a mass-market sub-brand, code-named Alps, will start pilot production of its first model next month, bringing it closer to mass production, according to a new report. Alps' first model will complete the prototyping process and enter the production line for pilot production in mid-November, local media outlet AutoPix said in a report today. (As of Oct 6, 2023)
@bullrider_21 : Nio took 4 years to deliver its first 10 million battery swap service and 9 months to achieve its second 10 million. Its third 10 million service took 6 months.
9. SPCB - Buzzing Stars: ⭐⭐⭐
$SuperCom(SPCB.US$ Finished at $0.50 after rising 0.20%. Benzinga wrote: SuperCom Ltd. is an Israel-based provider of digital identity and cybersecurity products and solutions to governments and private and public organizations throughout the world. There may be increased investor interest in the stock due to the ongoing conflict in the Middle East between Israel and Hamas and the nature of SuperCom's business activities. (As of Oct 6, 2023)
@zine1 : higher higher come on higher
10. HUBC - Buzzing Stars: ⭐⭐
$HUB Cyber Security(HUBC.US$ Finished at $0.43 after rising 19.90%. Shares of HUBC are up on very heavy trading volume Monday which may be due to the conflict between Israel and Hamas, as there is heightened uncertainty surrounding the possibility of cyberattacks. Hub Cyber Security is engaged in the development of cyber products, risk management and software and quality systems. The company provides cybersecurity computing appliances as well as a wide range of cybersecurity professional services. (As of Oct 6, 2023)
@chris from queens: buying the dip buying the dip... cyber attacks on Israel are imminent IMO.. and remember do your own DD.
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!
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Are you worried about the Middle East conflict affecting equity markets this week?
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103628579 : ok
theBRB : Tesla won’t be stopped Elon has too much going on for one of them not to succeed .. war is sad but unfortunately those who know how to capitalise will .. may God help us all
102142083 : 3 points come to question when thinking about whether equity markets will be impacted: 1) whether Iran is using this as proxy, 2) whether OPEC countries will take advantage of the situation and monopolise their safe asset, 3) whether market fear will rush investors, both institutional and retail to safe assets. in the short run, there should be a flight to safe assets as market seeks to understand and observe on whether this war will prolong and which actors will enter the stage to participate, which will then impact other economies. until this is clear, equities is likely to suffer and oil stocks gold ETF is likely to gain
103947551 : g. v
103947551 : g. v
103947551 : $GD Power Development (600795.SH)$ $WUXI BIO (02269.HK)$ $XIAOMI-W (01810.HK)$
151739496 : shit
Mars Mooo : I am not concerned
about the crisis in the Middle East. 
The reason for this is that my portfolio contains various countries, such as Japan 
. The 5-day period from October 9, 2023, to October 13, 2023 saw the Japan Nikkei 225 index return 4.26% 
. However, it is important for investors to conduct their own due diligence before investing in any type of investment. 
102362254 : Israel-Hamas tension escalates geopolitical risk, impacting oil prices, trade, and investor confidence. There’s heightened inflation concerns and a potential FED rate hike. Middle East stock markets, like Israel and the UAE, have suffered big losses this week. Whatever it is, I’m not worried about the equity markets. I wish for a peaceful resolution.
HuatEver : Yes geopolitical conflicts and other factors like inflation concerns can be contributing to a bear market but life has to go on. As investors, we just have to be more vigilant and selective in our investments approach.
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