Weekly Buzz: Market Rally Faltered – More Downside?
Spoiler:
At the end of this post, there is a chance for you to win points!
At the end of this post, there is a chance for you 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 of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Three major indices moved downard, Russell 2000 Index decreased 4.92% last week (As of Jun 10, 2022). Here is the weekly buzzing stock list of last week:
Three major indices moved downard, Russell 2000 Index decreased 4.92% last week (As of Jun 10, 2022). Here is the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
According to a proxy statement filed last Friday after the market close, Tesla Inc. said it would ask shareholders to approve a 3-for-1 stock split at their August annual meeting. Its stock fell 0.98% to $696.690 for the week (As of Jun 10, 2022).
● Mooers comment
@TeslaSmurf :
I have been reading about the supposed 3:1 stock SPLIT….
It is not necessarily 3:1
3:1 is the increment, from 2million to 6 million POSSIBLE shares stated in the SEC filing… READ IT, dear journalists, BEFORE spreading inaccurate news.
Read more >>
● Mooers comment
@TeslaSmurf :
I have been reading about the supposed 3:1 stock SPLIT….
It is not necessarily 3:1
3:1 is the increment, from 2million to 6 million POSSIBLE shares stated in the SEC filing… READ IT, dear journalists, BEFORE spreading inaccurate news.
Read more >>
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC stock has lost some of its lusters since last Wednesday's high. The global cinema chain is touting its summer blockbusters and hoping several of these major titles will bring families back to the silver screen. Its share price declined 0.16% and closed at $12.430 (As of Jun 10, 2022).
● Mooers comment
@SpyderCall : AMC's Price Moves for the Week
$AMC Entertainment (AMC.US)$ Check out previous weeks votes below to see the changes in sentiment for AMC's price action. Sentiment was slightly less bullish as the previous week as the price slowly dropped last week with the rest of the market.
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● Mooers comment
@SpyderCall : AMC's Price Moves for the Week
$AMC Entertainment (AMC.US)$ Check out previous weeks votes below to see the changes in sentiment for AMC's price action. Sentiment was slightly less bullish as the previous week as the price slowly dropped last week with the rest of the market.
Read more >>
3. AAPL - Buzzing Stars: ⭐⭐⭐⭐
The shares of Apple Inc have received a $200 price target from Citi. And Citi analyst Jim Suva maintained a “Buy” rating on the shares. However, the share price of AAPL closed at $137.130 with a weekly drop of 5.67% (As of Jun 10, 2022).
● Mooers comment
@tertm141 :
$Apple (AAPL.US)$ not far from last low.
● Mooers comment
@tertm141 :
$Apple (AAPL.US)$ not far from last low.
4. AMZN - Buzzing Stars:⭐⭐⭐⭐
Amazon's 20-for-1 stock split took effect last Monday at $120 per share. Although the stock split didn't create any extra value for shareholders, its stock price closed at $109.650, with a weekly decline of 10.38% (As of Jun 10, 2022).
● Mooers comment
@Skyrocket 101 : Strong Buy
$Amazon (AMZN.US)$ 158
A large growth in short interest during the month of May. As of May 31st, there was short interest totalling 99,320,000 shares, a growth of 2,004.2% from the May 15th total of 4,720,000 shares.
Read more >>
● Mooers comment
@Skyrocket 101 : Strong Buy
$Amazon (AMZN.US)$ 158
A large growth in short interest during the month of May. As of May 31st, there was short interest totalling 99,320,000 shares, a growth of 2,004.2% from the May 15th total of 4,720,000 shares.
Read more >>
5. IMPP - Buzzing Stars: ⭐⭐⭐
This comes alongside heavy trading of its shares as the continued oil shortage causes volatility in the sector. This is mainly due to the Russian invasion of Ukraine. The share price of IMPP closed at $0.8820, with a weekly rise of 57.95% (As of Jun 10, 2022).
● Mooers comment
@SkyHighLove :
$Imperial Petroleum (IMPP.US)$
hold that line.... when hedge funds start calling to Barrow shares "not IMPP" but other heavily shorted stocks... I watched IMPP go up and down but blew my mind they add value to thier fleet and got pounded to below $0.50 watch her do what she needs too now...
Read more >>
● Mooers comment
@SkyHighLove :
$Imperial Petroleum (IMPP.US)$
hold that line.... when hedge funds start calling to Barrow shares "not IMPP" but other heavily shorted stocks... I watched IMPP go up and down but blew my mind they add value to thier fleet and got pounded to below $0.50 watch her do what she needs too now...
Read more >>
6. NIO - Buzzing Stars:⭐⭐⭐
NIO Inc.’s stock was set to bounce slightly last Friday after J.P. Morgan indicated that the China-based electric vehicle maker’s lowered margin and delivery outlook had set a bottom for results. The shares of NIO grew 0.33% last week and finally closed at $18.140 (As of Jun 10, 2022).
● Mooers comment
@SANDRO 善子 :
$NIO Inc (NIO.US)$ I think the price will go up later when investing fund is moving in normally after mid-day USA (after lunch, they have more energy)
● Mooers comment
@SANDRO 善子 :
$NIO Inc (NIO.US)$ I think the price will go up later when investing fund is moving in normally after mid-day USA (after lunch, they have more energy)
7. BABA - Buzzing Stars:⭐⭐⭐
Investors appeared to respond positively to a Bloomberg report that Chinese financial regulators started early-stage discussions about reviving an IPO for Ant Group, a company controlled by Jack Ma. BABA's share price closed at $109.840, with a weekly increase of 17.84%. (As of Jun 10, 2022).
● Mooers comment
@Sonic The HEDGED :
ALIBABA Hong Kong opens below ADR closing. The interim down trend line (red) and the 2 confirmed up trend lines (green) are all intact. Friday ADR came down (bad CPI, inflation fears in USA)
● Mooers comment
@Sonic The HEDGED :
ALIBABA Hong Kong opens below ADR closing. The interim down trend line (red) and the 2 confirmed up trend lines (green) are all intact. Friday ADR came down (bad CPI, inflation fears in USA)
8. MULN - Buzzing Stars:⭐⭐⭐
Although MULN stock will be added to the Russell 2000 and Russell 3000 indexes starting on June 27, its share price closed at $1.140, with a weekly decline of 10.24% (As of Jun 10, 2022).
● Mooers comment
@Pumpui : Bet on the battery
$Mullen Automotive (MULN.US)$ too many EV companies, and just how big is the marketshare for mullen. it does not start production in 2024, and it need milllions to go into production. dont get me wrong, i am vested. have they tested the battery on 5 yet? i am betting on the battery.
● Mooers comment
@Pumpui : Bet on the battery
$Mullen Automotive (MULN.US)$ too many EV companies, and just how big is the marketshare for mullen. it does not start production in 2024, and it need milllions to go into production. dont get me wrong, i am vested. have they tested the battery on 5 yet? i am betting on the battery.
9. GRAB- Buzzing Stars:⭐⭐⭐
Investors responded positively to Grab Holdings revealing the launch of GrabMaps. This new enterprise service will allow the company to tap into the US$1 billion market opportunity in Southeast Asia per year for mapping and location-based services. Its share price went up 6.69% to $2.710 over the past week (As of Jun 10, 2022).
● Mooers comment
@High Profit Low Loss :
$Grab Holdings (GRAB.US)$ haha! today short sellers can close positions and make a pile just within 3 days!
Investors responded positively to Grab Holdings revealing the launch of GrabMaps. This new enterprise service will allow the company to tap into the US$1 billion market opportunity in Southeast Asia per year for mapping and location-based services. Its share price went up 6.69% to $2.710 over the past week (As of Jun 10, 2022).
● Mooers comment
@High Profit Low Loss :
$Grab Holdings (GRAB.US)$ haha! today short sellers can close positions and make a pile just within 3 days!
10. GME - Buzzing Stars:⭐⭐
The shorts have piled back into the stock, increasing the number of shares sold short by almost 12% in the latest period, or some 1.8 million shares. The share price of GME dropped 3.45% to $129.090 for the week (As of Jun 10, 2022).
● Mooers comment
@BigJoey :
$GameStop (GME.US)$ Make it easy Stop listening to the media, Youtube for your info about AMC. it is mostly clickbait. Stop thinking some youtubers have the answers and they are GODS.
Read more >>
● Mooers comment
@BigJoey :
$GameStop (GME.US)$ Make it easy Stop listening to the media, Youtube for your info about AMC. it is mostly clickbait. Stop thinking some youtubers have the answers and they are GODS.
Read more >>
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
@HopeAlways @Syuee @Milk The Cow @HuatEver @HuatLady @Double Rainbow @VCSuccess @KT88 @SpyderCall @Southern Eagle @tallystrendwins @RDK79 @ZenTime @YL tan @solo invest
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Part Ⅲ: Weekly Topic
Time to be rewarded for your great insights and knowledge!
Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your idea on:
Which penny stocks are you watching? How did you treat them?
Which penny stocks are you watching? How did you treat them?
We will select 15 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Previous of Weekly Buzz
Weekly Buzz: How does Fed tapering affect markets?
Weekly Buzz: New rally amid a bear market
Weekly Buzz: The market might not be as bad as you thought
Weekly Buzz: How does Fed tapering affect markets?
Weekly Buzz: New rally amid a bear market
Weekly Buzz: The market might not be as bad as you thought
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HopeAlways :
Syuee : $Imperial Petroleum (IMPP.US)$, is trading near its bottom. This makes it a great penny stock to hold, especially as it benefits from a confluence of external factors, including higher shipping rates and demand for oil.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Imperial Petroleum announced at end May, that it had entered an agreement to acquire two Suezmax tankers, built at Hyundai Samho in 2007 and at Samsung Heavy Industries in 2008.
It expects to finance the purchase price with cash-on-hand and new senior secured bank debt.
It is doubling its capacity, thanks to the upcoming acquisitions, which means more~ revenue.
Meanwhile, shipping rates have been increasing amid supply chain bottlenecks worldwide.
Meme Stock = Potential Volatility
This meme stock is very volatile and has a very high risk-reward ratio. It is vulnerable to multiple factors and is more suitable for aggressive traders with a higher~ risk tolerance.
Imperial Petroleum is an excellent find at a beaten down price. The current expansion certainly promises to deliver sharply higher revenues in the current and future quarters.
1994CM : Go even much lower price for APPLE INC!!
HopeAlways : Though penny stocks are often more trouble than they are worth, there are some that are still worthwhile to invest in. While penny stocks are rarely worth the hassle and usually fail to deliver for their shareholders, hidden gems with solid long-term outlooks can still be unconvered once in a blue moon. $Nokia Oyj (NOK.US)$ is one penny stock whose course correction under its new CEO has stabilised its business and may be a worthwhile long-term investment.
HopeAlways Syuee : $Imperial Petroleum (IMPP.US)$ is penny stock specialising in shipping petroleum and related products. This is a space with a macro tailwind for a catalyst.
Syuee HopeAlways : $Nokia Oyj (NOK.US)$’s 5G technology looks market-leading with more~ innovations to come.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
The market is expected to grow exponentially, with Nokia bound to benefit as well.
mcstiner : I think inverse stocks will be the big winner this week.
Milk The Cow : I'm looking at the tech sector (which is mot advisable = DO NOT FOLLOW) as I just like the tech sector that's all.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Tech sectors are likely to do the worst in the given situation, in my opinion
I'm looking to buy the dip.
I think commodity stock should tank lesser, in my opinion
Milk The Cow :
MonkeyGee : omg, I can't pick a sector. so many great deals, everything is penny stock status!
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