Wild Swings on Massive Earnings : Weekly Buzz
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!
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Weekly Buzz
The market was volatile this week, with all eyes on tech earnings following a dramatic semiconductor sector. Everything had to do with earnings. The biggest news on the street Friday was $Alphabet-C'a earnings that beat, and the firms fresh new dividend payout coming to shareholders everywhere June 17th.
For the week, the $S&P 500 Index finished up 2.67%, the $Dow Jones Industrial Average climbed 0.67%, and the $Nasdaq Composite Index climbed 4.23%.
PCE inflation numbers for the month of March came out Friday higher than expected, up 2.8% compared to 2.6%. The numbers followed GDP numbers for the first quarter that came out low Thursday, at 1.6% growth compared to expectations of 2.5%.
$U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ climbed to 4.98 after hitting 5.02% briefly, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed to 4.65.
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Monday the market rebounded, led by semiconductor stocks. The market climbed Tuesday as Bonds fell. The S&P Manufacturing PMI came out Tuesday morning at 49.9 compared to estimates of 52, a reading below 50 points tends to indicate a contraction in the activity level of purchasing managers in the manufacturing sector.
Gold futures and prices fell this week, and Tuesday in one of the largest one day drops in a year. $Philadelphia Gold and Silver Index(.XAU.US$ fell 2.6% Monday as investors reacted to geopolitical tensions that were not as scary as they seemed two weeks ago.
"With Iran and Israel backing away from any further confrontation for the time being, there was only so long that gold and silver could defy the gravity of rising bond yields and rising year-end rate forecasts," Adrian Ash, director of research at Bullion Vault, told Market Watch.
$Tesla(TSLA.US$ reported earnings Tuesday The firm's forward guidance said there would be less vehicle "volume" compared to 2023, but there would be new models, AI, and fleet-based profits. $General Motors (GM.US)$ climbed after its results, followed by $General Electric (GE.US)$ Aerospace. $PepsiCo (PEP.US)$ was the largest decliner after its earnings, and $Apple(AAPL.US$'s China sales fell but the firm announced a new tech event.
Wednesday the S&P 500 and Nasdaq rose. In Sectors, five of the top eight included Tesla, pulling up Space +8.71%, EV Charging +7%, and ARK Holdings +7%. Tesla pulled down some taxi stocks, like Uber and Lyft, on the news they would compete soon. According to data released Wednesday by the U.S. Energy Information Administration, crude oil stocks fell sharply in a first withdrawal in five weeks while refineries increased their capacity use.
$Meta Platforms(META.US$ reported first-quarter earnings above analyst expectations, the CFO Outlook stated a midpoint revenue range of $37.75B for 2024, while analysts expected $38.3B. $Old Dominion Freight Line (ODFL.US)$ earnings put it as the largest decliner on the S&P 500, $Boeing(BA.US$ climbed 2% on earnings, $IBM Corp(IBM.US$ fell after earnings and after the firm said it would buy $HashiCorp(HCP.US$. $Ford Motor(F.US$ on earnings.
Thursday indexes fell dragged down by $Meta Platforms(META.US$ after its updated revenue outlook for the year did not match expectations.
GDP numbers for the first quarter came out low, at 1.6% growth compared to expectations of 2.5%. In the world of inflation fighting, a lower growth rate the Federal Reserve may lower target rates sooner. It also means that compared to the hot 3.4% rate in Q4, and nearly 5% rate in Q3, the economy is slowing, and U.S. stocks may also shrink.
$Bitcoin fell this week and about 1% Thursday, as the price continued jostling down a volatile path surrounding the most recent mining reward halving. Bitcoin stocks fell, $MicroStrategy was lower by 2%, $Coinbase fell 1%, $Marathon Digital fell 3%. $Hertz Global (HTZ.US)$ fell 19% and $Harley-Davidson(HOG.US$ fell: both on earnings.
Friday saw a green market on Thursday nights $Microsoft and Alphabet earnings, pulling the Dow up with a 2% climb. $ResMed jumped 15%, leading the S&P 500 after its results. $Exxon Mobil shares fell after its results, on low natural gas prices for the quarter that also hurt $Chevron results.
The Internet Content sector tracked by moomoo was climbing 6% on Google and $Snap Inc news. The firm released earnings that impressed investors toward a 22% stock climb, despite a loss of 3C a share.
Anyway, let's dive into the weekly buzzing stock list of this week:
Tesla climbed 11% after its Tuesday night earnings showed EPS and revenue lower by $2B than expected. During the firm's earnings call, Tesla Chief Elon Musk said they would announce a robotaxi app on Aug 8th.
@Sir Edinburgh: I better off load and run before mayday.
Nvidia on Wednesday said it has agreed to acquire Run:ai, a Tel Aviv-based provider of artificial intelligence computing workload management software.
Run:ai's website says its software is built for improving the efficiency of workloads running on graphics processing units, or GPUs. The company asserts that its software allows for ten times more workloads running on the same infrastructure.
@Deadking: bulls well done, enjoy your weekend
Wednesday, $Meta Platforms(META.US$ reported first-quarter earnings above analyst expectations. The stock fell 13% after beating revenue expectations, climbing 27% year over year, but disappointing with its full year revenue outlook that came in about $1B lower than expected, at $37B. It ripped down the S&P 500 Thursday.
@rational Ibex_9813: come on meta. Fundamentals have not changed. investment in AI will pay off
Shares of Super Micro Computer rose Monday after the stock plunged 23% on Friday, The artificial-intelligence hardware company said it would be reporting earnings April 30 but didn't provide preliminary results for its fiscal third quarter. Investors were hoping for a positive update from the company. In January, 11 days ahead of earnings, Super Micro sharply increased its profit and sales outlook.
@Nate M63862: i will keep eating these up. dont listen to anyone other then YOURSELF!
According to Zacks Equity Research, AMC Entertainment is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024 on May 3rd.
@KING KONG AMC: Wait until my deposit. buying MORE!!!!!!
AGBA Group shares traded higher Monday after the firm announced last week it entered into a merger agreement wit Triller.
@102539778: ticktock the countdown for the rocketship
NIO announced Thursday that it has entered into a strategic partnership on charging and battery swap with Lotus Technology. The two companies will work together on battery standards, charging and battery swap technology, battery asset management and operations, and charging and battery swap service network construction and operations, according to a statement posted on the NIO App.
@Wilson Cheung3: Will we see $5??
$Apple(AAPL.US$ announced a special event scheduled for May 7, where it is expected to unveil new iPads. The event will focus on the new iPad models, as indicated by the image on the invite, which features the Apple Pencil. The news dropped after the firms iPhone demand numbers fell dramatically in China. Apple's iPhone sales fell 19% on year in the world's largest smartphone market, placing the company third overall behind Vivo and Honor, Counterpoint Research said Tuesday.
@103353263 is apple going to comeback or go down forever depend on this report.
$Microsoft(MSFT.US$ posted earnings Thursday that showed profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services, prompting the company to spend billions on infrastructure needed to accommodate the booming appetite for the hot technology.
The tech giant's revenue increased 17% from a year earlier to $61.9 billion, beating analysts' estimates. Its net income grew 20% to $21.9 billion.
@Invest with Sarge: MSFT failed at baseline support on Thursday.
$Bitcoin(BTC.CC$ moved lower, with the cryptocurrency prices falling below the key $64,000 level on Thursday.
On the news, stocks like $Coinbase(COIN.US$ fell. $Marathon Digital(MARA.US$ fell 2,6%, $Riot Platforms(RIOT.US$ fell 2.6%.
@BFSkinner: imagine what happens when grayscale stops selling.
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.
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Weekly Topic
Are you betting on the remaining Mag Seven stocks to report good earnings? If they do not, how will you adjust?
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.
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102362254 : I'll hedge my bets on the remaining Magnificent Seven stocks by utilizing options strategies to safeguard my investments during their earnings reports. Monitoring these stocks closely is imperative for potential surprises. Should they underperform, I’ll adjust my portfolio to minimize risks, ensuring it stays in line with market trends and my financial goals.
mr_cashcow : Yes they are not called the magnificent 7 without any reasons
If the remaining Mag Seven stocks do not report good earnings, it could impact the overall market and investor sentiment. If it happens then I will adjust my portfolios by:
1. Rebalancing: Adjusting the allocation of stocks, bonds, and other assets to maintain their target risk profile.
2. Diversification: Spreading investments across different asset classes, sectors, and geographies to minimize exposure to any one stock or sector.
3. Risk reduction: Reducing exposure to stocks and increasing allocation to bonds, cash, or other less volatile assets.
4. Sector rotation: Shifting focus to sectors that are performing well or expected to benefit from changing market conditions.
5. Active management: Actively monitoring and adjusting investments based on changing market conditions and company-specific factors.
Remember to always do your own research before making investment decisions!
Nitrite : Nice summary buzz article to read with a Saturday morning coffee. Keeps me updated and prepared for next week, on the hot stocks of the week. Keep it up.
HuatLady : I remain calm irregardless of whether the remaining Magnificent 7 companies report strong or weak earnings. As a long-term investor, a negative earnings report is an opportunity for me to purchase more stocks and enhance my portfolio. I approach my investing as a steady journey, not a frantic trade, prioritizing long-term gains over short term ups and downs.
HuatEver : It’s uncertain whether the remaining Magnificent 7 will report good earnings, but we can prepare to respond appropriately when the time comes. I will think about adjusting my portfolio by re-balancing or spreading out my investments to stay safe.
If they let me down, I might think about diversifying further or changing how much risk I am taking. My investment decisions are based on a holistic view of the whole market and my individual goals.
SpyderCall : If the market responds negatively to Mag 7's earnings and that brings down the NASDAQ, then I would look to see if any of the defensive sectors or companies catch a bit. I will also watch safe haven assets like gold, treasuries, certain commodities, and certain currencies for increased demand. I will also look to see if there is increased investor interest value companies or the sectors whose companies provide a type of value during turbulent times.
If I see demand picking up in any of these areas, then I would consider rotating my capital accordingly.
If any of that fails to produce results, then I will simply search for any assets that are gaining demand. There is always a rally somewhere. You just need to put in the work to find it.
Gilley : does it market well I guess the worse the news the higher market will go up
ZnWC : Yes I am betting on the remaining M7 to report good earnings because firstly I have placed some position in the stocks or ETF. I prefer to choose an ETF like the S&P500 because it will diversify my risk. Secondly a good earnings can imply that market sentiment is positive for Tech stocks which made up my portfolio. Thirdly a good earnings mean the fundamentals of the company remain healthy.
If they don't, I have to find out the reasons and adjust my portfolio if the fundamentals have changed for the worst. Hence it is important to learn how to read earnings reports. Don't just read headlines, digest the content and write journals to review the stock performance (meaning DYODD). The analyst ratings, news articles and technical/fundamental analysis tools are other ways to review the earnings.
Bottom line: There are alternatives to earn passive income such as trade options at calculated risk and mutual funds like Moomoo cash plus funds. Some said gold and short term government bonds but I have not invested any so far. The important thing is to know your risk appetite, have an exit plan and manage emotional trading.
隨遇而安 : eliminate economic bubbles that they have to be raised rate. at least reach to 9%to12% above