Weekly Buzz: Stocks take a beating in first week of Q4
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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
This week, the market took a beating as labor macroeconomic data showed the Fed may introduce more interest rate rises before the year ends. Oil dived even after OPEC continued its planned supply cut, and US stockpiles were reported low. Brent Crude went from approaching $100 a barrel to $84, on recession fears and EIC data showing the lowest seasonal gasoline demand in 25 years.
The S&P 500 Index finished up 0.46% to $4,308.50 this week after a dramatic -1.6% swing Tuesday and Wednesday. The index rose 1.2% on Friday alone. The Dow Jones Industrial Average Index fell -0.30% to 33,407.58 this week, after dropping into negative territory for the year. The Nasdaq Composite Index gained 1.6% to 13,431.34.
Traders were worried about the 336,000 jobs the BLS reported the economy added in September, but they started buying when they saw wages had declined. The House leadership seat sat vacant after a tumultuous weekend vote to oust Speaker Kevin McCarthy, led by fellow GOP member Rep. Matt Gaetz (R), throwing another hurdle into the possibility of avoiding a budget shutdown.
🚌 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: ⭐⭐⭐⭐⭐
$Tesla(TSLA.US$ rose by 4.12% this week to $260.53, after a couple of dips and raises. The company posted sales figures on Monday, showing a 30% year-over-year growth but 10% less than anticipated. The stock rose Friday after the firm announced price cuts add up to $1,250 for the base Model 3, bringing the MSRP down to $38,990. More expensive models also got cuts. This move comes after Tesla reintroduced the entry-level Model Y RWD a few days ago. It comes with a $43,990 starting price. (As of Oct 6, 2023)
@70094016: $Tesla(TSLA.US$ Slow crawl up the mountain, almost kissed 260. That's good enough for me. I'm taking my chips off the table.
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ shares rose 15.89% to $9.60, after a successful equity raise of $325 million alleviated bankruptcy concerns despite its substantial debt. AMC also announced a partnership with Taylor Swift to release The Eras Tour film, which grossed $100M at open, with a similar deal with Beyonce that promises significant revenue potential. The Hollywood writers' strike recently ended after five months, allowing AMC and the industry to focus on recovery. (As of Oct 6, 2023)
@Piggy Bank Trader: $AMC Entertainment(AMC.US$ Remember one thing. You can be in denial but the HFs will take it where they want. Retail has no control of ups or downs.
3. AWIN - Buzzing Stars: ⭐⭐⭐⭐
@AWIN rose 16.97% this week, to $0.14 after the stock rocketed higher on Monday when the Japanese air mobility company announced plans for an upcoming shareholder meeting. According to a press release from Aerwins Technologies, the company intends to hold its annual shareholder meeting on Nov. 20, 2023. That meeting will start at 11:00 a.m. Eastern Time and will see shareholders voting on several matters. One Wall Street analyst predicts the company's stock price to reach $2.00 in the next year. AWIN's 52-week range is 0.103 - 7.250, at the small market cap of $10.58 M. The firm wants to patent an air mobility platform to revolutionize low-altitude flights for vehicles. (As of Oct 6, 2023)
4. C6L - Buzzing Stars: ⭐⭐⭐⭐
$SIA(C6L.SG$ ended the week up 1.39% at 6.55 SA. Singapore Airlines plans to increase flights to key markets from March to October 2024. Flights to cities like Tokyo, Hong Kong, Shanghai, and Dubai will reach or exceed pre-COVID frequencies. The company is expanding its global network in 2024. The airline plans to enhance its operations in 13 countries across four continents. (As of Oct 6, 2023)
5. NIO - Buzzing Stars: ⭐⭐⭐
$NIO Inc(NIO.US$ ended the week down 3.54% to $8.70. Zacks Equity Research wrote that analysts and investors alike will be keeping a close eye on the performance of NIO Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.43, showcasing a 19.44% downward movement from the prior year's corresponding quarter. Simultaneously, our latest consensus estimate expects the revenue to be $2.63 billion, showing a 43.95% escalation compared to the year-ago quarter. (As of Oct 6, 2023)
6. NVOS - Buzzing Stars: ⭐⭐⭐
$Novo Integrated Sciences(NVOS.US$ jumped a dramatic 75% before lowering to a gain of 7.75% at a price of $0.32. The company received a large investment, announced in a press release: A Letter of Funding Commitment for a direct investment in the Company of $40,000,000 from Sheikh Khaled bin Mohammad bin Fahad Al Thanaya to develop eldercare facilities in Canada, and (iii) the unsecured 15-year $70,000,000 promissory note with RC Consulting LLC in favor of SCP Tourbillion Monaco for a lump sum debt funding of $57,000,000. (As of Oct 6, 2023)
@imaginative Camel_38: when the pr drops this will explode, I'm hoping it stays in the .30's till next Wednesday so I can throw more money at it. I'll keep adding every dip until 1 dollar.
7. NVDA - Buzzing Stars: ⭐⭐⭐
$NVIDIA(NVDA.US$ jumped 5.20% this week to $457.62. On Oct. 2, investment bank Goldman Sachs added the artificial intelligence (AI) chipmaker to its "conviction buy" list of top stock picks. Nvidia smashed lofty expectations for earnings in late August, and guided higher. Earlier that month, Nvidia unveiled its next-gen AI super chip: the GH200, coming next year. (As of Oct 6, 2023)
@Dream come true : Q3 earning are coming soon hope it have great news.
8. FEMY - Buzzing Stars: ⭐⭐⭐
$Femasys(FEMY.US$ landed hard this week, dropping 32.89% to a price of $2. Femasys is a biomedical company focused on meeting significant unmet needs for women worldwide. This week, it showcased its FemaSeed® infertility treatment designed to deliver sperm directly to where conception occurs in a woman’s fallopian tube that received 510(k) clearance from the United States Food and Drug Administration for U.S. commercialization last month at the American Society of Reproductive Medicine conference. (As of Oct 6, 2023)
@Lucky2828: Just slowly buy-in when it drops. This is how you will earn. Market momentum is not good at the moment. Most of the stocks dropped a lot for the past 3 days.
9. AAPL - Buzzing Stars: ⭐⭐⭐
$Apple(AAPL.US$ rose 3.67% to $177.49 this week. Over the past month, shares of this maker of iPhones, iPads and other products have returned -1.5%, compared to the Zacks S&P 500 composite's -5.2% change. During this period, the Zacks Computer - Mini computers industry, which Apple falls in, has lost 7.9%. The key question now is: What could be the stock's future direction? (As of Oct 6, 2023)
@JC1616: The stock market is just the playground for the Wall Street and we are just the toys inside the playground.
10. AMZN - Buzzing Stars: ⭐⭐
$Amazon(AMZN.US$ finished the week up 0.66% to $127.96. The company launched a satellite rocket Friday to compete with SpaceX's Starlink. A rocket carrying two Amazon prototype satellites lifted off Friday afternoon from a Florida launchpad, according to a livestream. The technology giant expects the mission to demonstrate how the satellites perform in space while testing other systems. Amazon in 2019 unveiled plans for a satellite network called Project Kuiper and has said it would invest $10 billion to build it up. The company has permission from U.S. regulators to deploy more than 3,200 satellites over time. (As of Oct 6, 2023)
@Trushar Rathod: Launched a poll asking what direction the stock would head in.
Thanks for reading! ![]()
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FiReBiTriXiE : They always raise the debt ceiling no party wants to be blamed for the government shutting downs and they know they both will be blamed if it happens which in turn puts all their seats up for re-election. So the play the same song n dance knowing already what their willing to take of the Bill before hand but don’t until the very last minute then they’re all looked at as hero’s and all bipartisan when in reality they’re idiots who put everyone on high anxiety in America especially the troops and anyone receiving government benefits especially those who are disabled it’s pathetic really! Makes America look stupid, divisive, and broken! But we the people ain’t I assure you we the people and this great nation friggin ROCK!
Eat Drink Earl Grey : there is no fixed method to choose counters. use the stock screener, institutional watching, news, hearsay, personal areas of interest and familiarity. what is important is DYODD, do your own FA, TA, research, sampling, start small, set targets, study, research, etc. don't just go around asking "will go up? down? how much? gibber gibber ...
Waffbeatz : February 22, 2:30 PM Biden will announce it Cash recall
Chak : Misleading title
102362254 : I go with the volume and invest where the market is excited. This is effective when the stock with high trading volume is poised for a steady rise. I want to ride the wave of market enthusiasm and make more gains.
PassiveLearner : I would personally go for higher market cap income stocks as a longer term income investor, they often offer stability during the storms of the market as uncertainty is within the market right now, would recommend to build up the investment fund and wait a while longer.
thank you very much for the points as always!
Cui Nyonya Kueh :
FiReBiTriXiE : I try to go where my intuition and tarot cards suggest to invest. But I don’t listen all the time which is retarded! Need to learn to trust my instincts and have 100% confidence in where I’m guided! My cards are 10 for 10 correct so far which is why its retarded I defy them and go my own way like a defiant teenager ignoring the best advice from her parents! Having said that I do analyze and research news, financials, market sentiment, charts ect because I enjoy learning about every aspect of a company my eyes on.
Mars Mooo : I look
for stocks that are not generally discussed as well as those with high volume. Both have their own benefits and drawbacks. Less-discussed securities provide less volatility 
, while high-volume stocks provide investors with better liquidity 
. Finally, before trading any type of investment, investors should always conduct due research. 
73103485 FiReBiTriXiE: I wanna work for federal government because even though they shut down and stay home they still get paid
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