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Weekly Buzz
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Weekly Buzz: What a freaking squeeze

Weekly Buzz: What a freaking squeeze
Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the top ten buzzing stocks on moomoo based on search and message volumes! Comment below to answer the Weekly Topic question for a chance to win an award!
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Weekly Buzz
This week was all about meme stocks. The market screamed, "We are so back," at the start of the week, after 'Roaring Kitty,' short squeezing enthusiast and financial influencer that helped inspire the original GameStop craze in 2021, finally tweeted again. Overnight $GameStop (GME.US)$ shot up 70% and jumped to a height of 290%, hitting multiple circuit breakers. AMC, Reddit, SunPower, NIO, Koss Corp, and Tupperware all saw massive jumps alongside the OG meme stock. By the end of the week, most were back down but many held onto at least 20% advances.
Weekly Buzz: What a freaking squeeze
Outside of memes, the market was hitting all-time highs on CPI data that came in at expectations. Wednesday and Thursday, the major indexes hit fresh records. The $Dow Jones Industrial Average(.DJI.US)$ climbed past 40k, the $S&P 500 Index(.SPX.US)$ reached past 5.3k, and the $Nasdaq Composite Index(.IXIC.US)$ hit 16,796.
For the week, the S&P 500 climbed 1.54%, the Nasdaq climbed 2.11%, and the Dow Climbed 1.24%.
This week, retailers reported, with $Walmart(WMT.US)$ showing a 6% stock gain after beating estimates, pulling up the retail sector. Next week is yet another earnings week, with $NVIDIA(NVDA.US)$ on Wednesday.
For the week, gold and silver futures were climbing, up 1.53%, while the US dollar rebounded following hopes for Fed rate cuts. Gold was +1.6% and hit a record at $2,431 Friday, while Silver traded +6% Friday. $Crude Oil Futures( for JUL 4) climbed 1.7% for the week, while Bitcoin climbed 9%, leading bitcoin stocks higher.
Weekly Buzz: What a freaking squeeze
In Macro, all eyes were on CPI. Wednesday, CPI numbers for April came in right as expected. Prices advanced 3.4%, and core prices advanced 3.6% in April compared to a year ago and 0.3% month over month.
On Tuesday, the Producer Price Index numbers came in high, climbing about 0.5% month over month compared to expectations of 0.3% and core expectations of 0.2%. Powell spoke Tuesday morning, and he said the oft-repeated "higher for longer" mantra, despite a PPI print that he called "mixed," was proved right after CPI prints showed lower results.
Thursday, U.S. initial jobless claims declined by 10,000 to 222,000 in the week ending May 11, compared to market estimates of 220,000. Last week's jobless claims were high at 230k, pumping hope that unemployment would rise and rates would come down.
On Thursday, Cleveland Federal Reserve President Loretta Mester echoed the sentiments of many central bank officials in recent weeks, saying essentially that if monetary policy isn't broken, don't fix it.
Anyway, let's dive into the buzzing stocks this week:
Weekly Buzz: What a freaking squeeze
1. $GameStop(GME.US)$ - Buzzing Stars: ⭐⭐⭐⭐⭐
Weekly Buzz: What a freaking squeeze
This week has ushered in a 2021 redux, with shares in GameStop and AMC rocketing higher on the back of retail investor activity, just like they did in the meme stock frenzy that gripped markets three years ago. GME jumped 287% at its intraweek height on Tuesday at open Tuesday before hitting a circuit breaker on the way down. By Friday, the firm was down to just a 25% climb for the week, while the firm disclosed preliminary results that pointed to a sharp year-over-year decline in fiscal first-quarter sales and said it may sell up to 45 million of its class A shares.
@73266146 : Are these bags heavy enough to let go yet? 
2. $AMC Entertainment(AMC.US)$ Buzzing Stars: ⭐⭐⭐⭐
Weekly Buzz: What a freaking squeeze
AMC was the second largest meme stock to fly this week, jumping about 260% to $11.50 at its height on Tuesday. Since then, the stock has declined to a 45% weekly climb. During the craze, the firm sold shares: AMC Entertainment Holdings completed a previously disclosed at-the-market offering of $250 million of equity capital late Monday through the sale of 82.5 million shares at an average price of about $3.45 a share.
@LooseMoose: there, surely not anyone out there that believes this is a continued moonshot opportunity, right?
Weekly Buzz: What a freaking squeeze
$Faraday Future, a firm attempting to build and sell ultraluxury EVs, saw its stock climb more than 7,000% in the past week after investors jumped into heavily shorted stocks.
On Friday, 0DTE options for FFIE pulled in enough volume to bring the stock to the top seven equities in the entire market by options volume. According to Barron's and FactSet, the firm's stock this week was one of the most shorted on the market, with 80-99% of shares dedicated to shorting.
@Lilo und Stitch : If we can hold at 2.25 past ODTE we can survive
4. $Tesla(TSLA.US)$ - Buzzing Stars: ⭐⭐⭐⭐
Weekly Buzz: What a freaking squeeze
Wednesday, a judge pushed forward negligence and fraud-based claims against $Tesla(TSLA.US)$ regarding its alleged misrepresentation of its vehicles' autopilot capabilities.
The claims refer "to the extent they rely on representations regarding the car's hardware and imminent cross-country driving abilities," Judge Rita Lin ruled Wednesday in the US District Court for the Northern District of California.
User said:
5. $NVIDIA(NVDA.US)$ - Buzzing Stars: ⭐⭐⭐
Weekly Buzz: What a freaking squeeze
Nvidia's stock rose during the week, leading toward its earnings release next week. Shares have drifted in a range of $850 to $950 since late March. In the current market for semiconductor firms, just meeting expectations will not be enough. SMCI, Arm, and others have posted earnings that beat but not enough forward-looking growth to satisfy investors. Consensus expectations on Wall Street are for Nvidia to report revenue of $24.51 billion. However, to avoid disappointing investors, KeyBanc analyst John Vinh told Barrons that the chip would likely need to report revenue of around $26 billion and give guidance for its second quarter of around $28.5 billion.
@Gilley: this market seems rigged waits all day till u can't buy options on the day to move
6. $Crown Electrokinetics(CRKN.US)$ - Buzzing Stars: ⭐⭐⭐
Weekly Buzz: What a freaking squeeze
Crown Electrokinetics Corp. was trading higher this week, caught up in the short-selling meme stock craze. As the rally in GameStop and AMC Entertainment shares fizzled, traders moved into smaller-cap stocks. Crown Electrokinetics shares were up 1,200% at one point this week before falling back to just a 340% climb. According to data from Benzinga Pro, more than 867 million shares have already been traded in the session, compared to the stock's 100-day average of 69.088 million shares.
Crown ElectroKinetics produces and provides its "DynamicTint" technology which allows any glass surface to transition from transparent to black with applications including commercial buildings, automotive sunroofs, and residential skylights.
@dOn Alfa: ruñnnnnnnnnnn......will fall to 0.1
7. $Greenwave Technology Solutions(GWAV.US)$ - Buzzing Stars: ⭐⭐⭐
Weekly Buzz: What a freaking squeeze
Greenwave shares are trading higher Friday as the stock receives attention from traders on Reddit, like Crown ElectroKinetics. Investors traded more than 750 million shares, according to moomoo. Greenwave Technology Solutions is runs recycling facilities in Virginia and North Carolina.
@Invest Long ✓: they have goal, execution plan, moreover it seems that their revenue is going up.
8. - Buzzing Stars: ⭐⭐⭐
Weekly Buzz: What a freaking squeeze
In a report released Wednesday, Paul Yong from DBS maintained a Hold rating on SIA with a price target of S$6.10. The company's shares closed yesterday at $5.07. The firm reported ridership data Thursday, showing a 17.8% YoY uptick in its passenger volume in April, carrying 3.2 million passengers last month.
Apart from passenger volume, the group's passenger traffic and capacity also increased in April, rising 11.9% YoY and 13.2% YoY, respectively.
@Teck Wang Pang PaPa: Singapore tourism is working very hard. We must be proud of SG and SIA.
9. - Buzzing Stars: ⭐⭐⭐
Weekly Buzz: What a freaking squeeze
Bitcoin and other cryptocurrencies were little changed on Friday, hovering near their highest levels in weeks after a recent rally in tandem with the stock market. The price of Bitcoin hovered around flat over the past 24 hours at near $66k, around the highest level for the largest digital asset in almost a month after weeks of prices languishing around the $62,000 zone, according to Jack Denton, Barron's.
"We see a strong bullish move after the failed breakdown from early May. Not only is Bitcoin above the crucial support level, but it has even moved above the previous lower high of $65,500," said Rachel Lin, CEO of trading platform SynFutures. "Ideally, we should see Bitcoin break above $67,000 to end the lower-high-low-low pattern we have followed since March."
@103480872 : Jack Denton
10. - Buzzing Stars: ⭐⭐
Weekly Buzz: What a freaking squeeze
Shares of $Novavax(NVAX.US)$ continued their ascent this week, adding to gains from last week after the company announced a licensing deal with Sanofi. The stock rose 47.6% to a $13.11 close Monday after reaching its highest intraday level since December 2022. Shares had roughly doubled last Friday after Novavax said it had agreed to a licensing deal with Sanofi to commercialize its Covid-19 vaccine worldwide. The company said it would receive up to $1.4 billion under the deal, including milestone payments.
@let it gold: consolidating for a rocket up later
Thanks for reading!
* All comments, links, and content 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 a qualified financial professional for your financial planning and tax situations.
Awards
Congrats to the following mooers whose comments were selected as the top comments last week!
Weekly Topic
Did you take part in the Meme stock madness, and do you expect it to continue?
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.
Disclaimer:
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