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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!
Make Your Choice
Weekly Buzz
The week started with a bombshell: President Biden announced he would not seek reelection, and VP Kamala Harris would take his place as the pr...
Make Your Choice
Weekly Buzz
The week started with a bombshell: President Biden announced he would not seek reelection, and VP Kamala Harris would take his place as the pr...
![Weekly Buzz: Shakeups and Market Pull Backs, Earnings Bite](https://ussnsimg.moomoo.com/sns_client_feed/77777000/20240727/1722022803670-30f5f1aff5.gif/thumb?area=999&is_public=true)
![Weekly Buzz: Shakeups and Market Pull Backs, Earnings Bite](https://ussnsimg.moomoo.com/sns_client_feed/77777000/20240727/1722024642356-880ab10659.png/thumb?area=999&is_public=true)
![Weekly Buzz: Shakeups and Market Pull Backs, Earnings Bite](https://ussnsimg.moomoo.com/sns_client_feed/77777000/20240727/1722024422553-70c8642ff8.png/thumb?area=999&is_public=true)
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OpenAI may lose $5 billion this year and could run out of cash in 12 months unless they raise additional capital from VCs
The world's most valuable AI startup OpenAI reportedly burned $4 billion this year already on cloud costs alone and may spend another $3 billion+ on model training, as per The Information.
Meanwhile, their annualized revenue is around $3.4B.
In addition, given that Zuck's Meta just released their open-source Llama 3.1 model - giving you GPT-4...
The world's most valuable AI startup OpenAI reportedly burned $4 billion this year already on cloud costs alone and may spend another $3 billion+ on model training, as per The Information.
Meanwhile, their annualized revenue is around $3.4B.
In addition, given that Zuck's Meta just released their open-source Llama 3.1 model - giving you GPT-4...
![OpenAI is running out of cash](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240725/9b65838abaebcd2e7f889e7686a5cca1.png/thumb?area=101&is_public=true)
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Hermès' consolidated revenue amounted to €13,427 million in 2023, up 21% at constant exchange rates and 16% at current exchange rates compared to 2022. Net profit group share reached €4,311 million, an increase of 28%.
$Hermes International SA(HESAY.US$ $LVMH Moet Hennessy Louis Vuitton(LVMUY.US$ $Nike(NKE.US$
$Hermes International SA(HESAY.US$ $LVMH Moet Hennessy Louis Vuitton(LVMUY.US$ $Nike(NKE.US$
![Hermes Income Statement 2023](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240721/f7b2288410359a5597fc6e34ca4bcb7a.jpg/thumb?area=101&is_public=true)
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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!
Make Your Choice
Weekly Buzz
It was a wild week, to say the least. The market reacted Monday to an attempt on Former presiden...
Make Your Choice
Weekly Buzz
It was a wild week, to say the least. The market reacted Monday to an attempt on Former presiden...
![Weekly Buzz: Dow hits highs, semis pulled back, candidates hit tech stocks, and the blue screen of death](https://ussnsimg.moomoo.com/sns_client_feed/77777000/20240720/1721413552193-1f6af3fee4.gif/thumb?area=999&is_public=true)
![Weekly Buzz: Dow hits highs, semis pulled back, candidates hit tech stocks, and the blue screen of death](https://ussnsimg.moomoo.com/sns_client_feed/77777000/20240720/1721420030247-fb0ca2e521.png/thumb?area=999&is_public=true)
![Weekly Buzz: Dow hits highs, semis pulled back, candidates hit tech stocks, and the blue screen of death](https://ussnsimg.moomoo.com/sns_client_feed/77777000/20240720/1721420037902-c3ccaa20ef.png/thumb?area=999&is_public=true)
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The Russell 2000 closed 4.4 standard deviations above its 50-day moving average.
No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971) has ever closed at that much of an extreme.
$iShares Russell 2000 ETF(IWM.US$
No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971) has ever closed at that much of an extreme.
$iShares Russell 2000 ETF(IWM.US$
![Small Caps stocks making history](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240718/fc7bae9a41d5fba0acceb1cbc53ba103.jpg/thumb?area=101&is_public=true)
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![JD Vance’s portfolio](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240718/ee05b479fd62366133e1cae779b273e4.jpg/thumb?area=101&is_public=true)
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EZ_money :
Mr Trecherous :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
EZ_money Mr Trecherous :
ZnWC : Thanks for the reward points![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Here's a list on how Harris presidency will impact the stock market:
1) Good for Big Tech
Harris has significant ties to major tech firms dating back to her time as a California prosecutor, the home of Silicon Valley, and experts say she largely played nice with leading firms like Google during her time in California politics.
2) ESG & Infrastructure
Harris has a strong stance on climate change and environmental policies which should support ESG (Environmental Social Governance) investors and the transformation of the broader oil and gas industry to include more renewable energy.
3) Healthcare companies that focus on the well-being of women
One of the most popular but confrontational topics of the upcoming election will be on the broader legalization of abortion or the pro-choice narrative. Harris stands pro-choice while Trump and his running mate JD Vance have stood with the opposing pro-life initiative. The higher standards for women’s health will be of significant interest under a Harris presidency and healthcare companies that focus on the well-being of women will benefit.
4) Continuation of Biden admin and Trump Trade to fade
Harris presidency would be, for all intents and purposes, a continuation of the Biden administration. Her take on foreign tariff policies may affect Chinese equities. EV industry, clean energy and businesses that help to reduce impact on air pollution will continue to enjoy the tax credit and rebates brought by the Inflation Reduction Act (IRA). Trump trade will begin to fade.
Bottom line
The cycle, which is the recent stock market rotation toward ‘red’ sectors and away from ‘blue’ ones, may play a larger role in how stocks trade broadly than who is in the White House. Personally I am more concerned about the longer term outlook such as the impact brought by the possible Fed rate cut in September, US economy slipping into recession and geopolitical tension between China and US.
HuatLady : With a new likely nominee running for office, people would likely focus on what policies Kamala Harris might prioritize as president. These could include healthcare changes, actions on climate change, immigration policies, and her plans for economic initiatives.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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