Asia stocks set for steady start as CPI awaited
Asian stocks look set for a steady open Tuesday after the U.S. snapped a five-day drop ahead of inflation data that could impact expectations of the likely timeline for a reduction in Federal Reserve stimulus.
Futures rose in Japan and Hong Kong but dipped in Australia, while U.S. contracts edged up. The S&P 500 rose as energy companies paced gains after crude oil extended a rally to a six-week high. The Nasdaq 100 closed little changed. Treasuries climbed and the dollar was steady.
JPMorgan's Kolanovic says time to cut Tech in reopening revival
The growth scare that has prompted investors to seek safety in technology companies is overdone as the economic drag from the delta coronavirus variant is likely short-lived, according to JPMorgan Chase & Co. strategists led by Marko Kolanovic.
Investors should consider cutting exposure to tech shares, while raising stakes in economically sensitive companies like energy, the strategists recommended. Their upbeat view contrasts with a growing chorus of warnings that investors should brace for turmoil particularly in U.S. stocks amid a Covid-19 resurgence.
Oil rises to six-week high as another storm heads for U.S. gulf
Oil closed above $70 a barrel for the first time in nearly six weeks as another heavy storm heads to the U.S. Gulf of Mexico, while producers are still reeling from Hurricane Ida.
Futures in New York settled 1.1% higher. Tropical Storm Nicholas, which may reach hurricane strength before it makes landfall, is expected to bring flooding rains to Houston, as well as parts of Louisiana still recovering from Hurricane Ida two weeks ago. About 44% of oil supply is down in the Gulf and the volume of shut-in output may start growing once again. Shell has already began removing some staff from one of its platforms to prepare for the storm. Refineries and terminals Texas could also see some curtailments, given the storm's coastal track.
Meme stocks AMC and GameStop push small-cap benchmark higher
Meme stocks are distorting the way some investors see parts of the market.
The $Vanguard Russell 2000 Value ETF(VTWV.US)$, designed to follow shares of small companies that are viewed as bargains relative to the rest of the market, is up 22% this year. The gains have been powered by some meme stocks such as $AMC Entertainment(AMC.US)$of more than 2,000% this year has helped the Russell 2000 value index outperform the Russell 2000 growth benchmark by the widest margin since 2002, according to Dow Jones Market Data.
Uranium stocks jump as Reddit's WallStreetBets goes nuclear
Shares of uranium mining companies surged Monday as retail traders from Reddit's WallStreetBets forum focused their energies on the rallying radioactive metal.
Sydney-listed uranium miners $PENINSULA ENERGY LIMITED(PENMF.US)$, Energy Resource of Austalia and Bannerman all closed more than 25% higher. U.K.-listed miner Aura Energy jumped more than 35% and London-listed $YELLOW CAKE PLC(YLLXF.US)$, a company that acts as an exchange-traded fund for uranium, rose 13%.
Meanwhile, Canada's $Cameco(CCJ.US)$has become the third-most-discussed company on WallStreetBets. $Uranium Royalty(UROY.US)$shares surged 24%.
Tuesday's CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot
The consumer price index is expected to come in at a 5.4% year over year pace for August, according to the Dow Jones consensus estimate. Any inflation data is important for the markets, but this report could set the tone for trading ahead of the Fed’s meeting next week.
Some pros say there are concerns the Fed could move up its timetable on tapering its bond purchases if the report is hot.
Oracle falls short on revenue as it ramps up cloud investment
$Oracle(ORCL.US)$shares fell 1.8% in extended trading on Monday after the enterprise software maker reported fiscal first-quarter revenue that came in under analysts' expectations. The software maker announced a program to encourage customers to adopt its public cloud services in the quarter.
Earnings: $1.03 per share, adjusted, vs. 97 cents per share as expected by analysts, according to Refinitiv. Revenue: $9.73 billion, vs. $9.77 billion as expected by analysts, according to Refinitiv.
Tencent and Alibaba pledge to open up apps to competitors
China's two largest tech companies promised to open up their digital empires on Monday, a move that may reshape online life for hundreds of millions of users. Analysts said the forced opening up was and had been priced into the company's share prices since earlier this year.
For the past eight years, $TENCENT(00700.HK)$and $Alibaba(BABA.US)$have carved China's internet into two rival camps, replicating each other's services and blocking all interoperability between their platforms. But after being summoned to a meeting with the Ministry of Industry and Information Technology (MIIT) last week, both companies said on Monday they will allow competitors to access their "walled gardens".
Source: Bloomberg, WSJ,CNBC, Financial Times

Spoiler:
At the end of this post, we will release the winner list of last week's top comments, and you will also have the chance to win points!
Happy Monday 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 last week! (Nano caps are excluded.)
Upcoming Live
This week, @moo_Livewill live stream the $Apple(AAPL.US)$2021 Product Launching Event in moo community for informational purposes. Book now and stay tuned!
Weekly Buzzing Stock List
Every major index moved lower last week. Here's the weekly buzzing stock list of last week:
1. AMC - Message Vol.: ⭐⭐⭐⭐⭐
Closing at $50.160 last Friday, AMC stock registered a weekly increase of 13.95%. After breaking the $48 resistance, does this open the door for a move to $60?
● Mooers comment
@Soulforger: This Year We Celebrate Mid-Autumn Festival On The Moon $AMC Entertainment(AMC.US)$
2. SPRT - Message Vol.: ⭐⭐⭐⭐
Shares of SPRT were down 4.33% last week. Support.com has confirmed that shareholders have voted to approve its merger with Greenidge Generation Holdings.
● Mooers comment
@Stock Watch:  $Support.com(SPRT.US)$ Pre market U move up with energy. But when market open, U burn out fast too. We are here to support till the day u fly high. So Support,  rewards us that supported U. Do it with this few nights.  Thousands are waiting to watch u fly.....
3. BBIG - Message Vol.: ⭐⭐⭐⭐
BBIG shares made another high with a weekly increase of 29.70% last week. The stock continues to dominate the social media space.
● Mooers comment
@extra pocket money: The only green stocks I own right now.😂 $Vinco Ventures(BBIG.US)$
4. TSLA - Message Vol.: ⭐⭐⭐⭐
TSLA stock made small gains last week despite market weakness. What should be noted is that Cathy Wood's ARK ETFs sell $139 million worth of Tesla shares over the last two sessions.
● Mooers comment
@Peak Mountain: Before buying a stock, do a very comprehensive analysis, including but not limited to: basic business, industry prospects, competitors, competitive advantages, financial analysis, management analysis, and valuation analysis. Choose a good industry, a good company, and a good price. Read more...
5. AAPL - Message Vol.: ⭐⭐⭐
AAPL shares fell 3.45% last week after U.S. District Judge Yvonne Gonzalez Rogers issued an injunction that will prohibit Apple from denying developers the ability to direct users to other payment methods outside its App Store.
● Mooers comment
Check out why @aoimizu will buy AAPL?
I will buy  $Apple(AAPL.US)$ for these reasons:
1) For me, it is the most affordable among FAANG stocks, and Apple seems to deliberately make it so. If we check AAPL's stock split history, the company always brings the stock price down to around USD100 to enable new retail investors to enter, and reward long-term investors who hold. Read more...
6. FUTU - Message Vol.: ⭐⭐⭐
FUTU stock was up 3.42% last week and its price closed at $109.990.
● Mooers comment
@William Paul: saw lots of funny emoji  $Futu Holdings Ltd(FUTU.US)$
7. TENCENT - Message Vol.: ⭐⭐⭐
Shares of Tencent saw a weekly increase of 0.41% after plunging last Thursday due to the restrictions on game time for children.
●  Mooers comment
Discuss with @101793036:  $TENCENT(00700.HK)$ good time to enter ? or should i hold off for a few more days
8. NIO - Message Vol.: ⭐⭐⭐
NIO shares decreased 5.92% last week with the company announced an at-the-market offering to sell up to $2 billion of American depositary shares last Wednesday.
● Mooers comment
@102265860: Bullish for Nio $NIO Inc(NIO.US)$ Despite the multiple rounds of dilution, it does seem like the funds are used for expansion and not used for servicing debts. Hence while the stock could suffer in the short term, this offering is actually very positive for the stock once new models are released and the chip shortage alleviated. Read more...
9. BABA - Message Vol.: ⭐⭐⭐
BABA stock price fell by 1.29% and closed at 168.100 last week. This company is still making a variety of investments as it continues to diversify its portfolio.
10. MMAT - Message Vol.: ⭐⭐
MMAT stock plunged to $5.230 with a weekly decline of 53.85% last week. The stock ranged from a high of $5.63 to a low of $5.08 while its market cap now stands at $1,463,264,326.
● Mooers comment
@Cory Strangz: $Meta Materials(MMAT.US)$ hmmmm interesting...
Thanks for your reading!
Awarding Moment
Let's congrats to the following mooers whose comments were selected as the top comments last week!
@HopeAlways @31dragon @aoimizu @Laughing Dollars @Jia Yung @TurtleSnake @Tupack H Mcsnacks @Syuee @GT1982 @VCSuccess @Ermmmmm @GratefulPanda @treydongui
You may notice there are 13 winners.
Why? Because10 top comments can not cover our mooers' brilliant thoughts!
We really appreciate their great insights and we think they all deserve rewards!
Read the top comments last week!
Notice: 500 points will be sent to you this week. Please feel free to contact us if there is any problem.
New Topic
This week, we'd like to invite you to comment below and tell us:
"What have you learned from your first trading experience?" and "Explain in detail."
We will select 10 TOP COMMENTS by next Monday.
Winners will get 500 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
*Disclaimer: The comment is made available for informational purposes only. Before investing, please consult a licensed professional.
Top Comment Technique
● Fundamental / Technical / Capital Analyses
● Personal Trading Experience
● Any bright insights or knowledge
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Previous of WeeklyBuzz
Weekly Buzz: "I’ve definitely learned my lesson this year. "
Weekly Buzz: +198.86%.

$Support.com(SPRT.US)$ fuck em right in the face!

$AMC Entertainment(AMC.US)$ ITS GON RAIN

$AMC Entertainment(AMC.US)$ Straight down... the next step is....

$AMC Entertainment(AMC.US)$ AMC to the moon baby, I need motr money to invest more bruv. this shit is stonks right here. can anyone here lend me some money bro, btw what's the diff between lending and borrowing ? can anyone explain

$AMC Entertainment(AMC.US)$ Discount promotion time

$AMC Entertainment(AMC.US)$ yall think tonight will break $50. like if yes comment if yes