Monthly Buzz: Is September a tough month for stocks?

Popular on moomoo joined discussion · Sep 30, 2022 10:13

Hey, mooers!

Welcome back to Monthly Buzz.

Such a tough September, right? Historically, September has been the worst month of the year for stocks. It has been called the "September effect". Data from CFRA, a market research firm, shows that only two months, February and September, have averaged negative returns for the stock market since 1945 (Source: CNBC). Can the following buzzing stocks break the spell? Let's check it out！

Buzzing Stocks List

Data as of Sep 01 – Sep 29, 2022

1. TSLA – Buzzing Stars: ⭐⭐⭐⭐⭐

Sep 07: Tesla shares climbed 3.38% as it tripled deliveries of China-made cars in August.

Sep 14: Tesla shares closed 3.59% higher after US President Biden announced the approval of $900 million to build EV charging stations.

Sep 22: Tesla shares were trading 4.06% lower following the Fed's decision to raise interest rates by 75 basis points.

2. AMC – Buzzing Stars: ⭐⭐⭐⭐

Sep 09: AMC shares rose 12.5% higher following CEO Adam Aron thanking the movie theatre operator's shareholders for their support as rival Cineworld filed for bankruptcy.

Sep 12: AMC shares were trading 5.14% higher amid continued retail investor interest.

Sep 26：AMC stock fell 14.52% after the company entered into an equity distribution agreement.

3. AAPL – Buzzing Stars: ⭐⭐⭐⭐

Sep 09: Apple shares were up 1.88% after it unveiled new products at its September product launch event.

Sep 12: Apple shares were trading 3.85% higher following positive commentary from Wedbush analysts regarding the demand for the company's new iPhone 14.

Sep 19: Apple shares jumped 2.51% after announcing that prices of App Store apps and in-app purchases would increase in all countries and territories that use the euro.

4. NIO – Buzzing Stars: ⭐⭐⭐⭐

Sep 9: NIO shares soared 8.37% following slower-than-expected China inflation data.

Sep 12: NIO shares were trading 13.52% higher after Deutsche Bank reportedly reiterated the stock as a top China pick.

Sep 21: NIO stock dropped by 10.34% amid overall weakness in Chinese stocks.

5. NVDA – Buzzing Stars: ⭐⭐⭐

Sep 01: Nvidia stock dropped 7.67% as the US limits exports to China.

Sep 13: Shares of NVDA plummeted 9.47% after the Biden administration planned next month to broaden curbs on US shipments to China of semiconductors used for artificial intelligence and chipmaking tools.

Sep 22: As economic slowdown could cause weakness in end markets and impact seimiconductor and chip demand, NVDA shares fell 2.30%.

6. MULN – Buzzing Stars: ⭐⭐⭐

Sep 01: Mullen stock fell 4.66% despite new Air-to-Water EV tech.

Sep 09: Mullen acquired controlling interest in EV startup Bollinger Motors, dragging its price down by 7.57%.

Sep 22: Mullen's CEO sold 750,000 shares of the company's stock, leading to a 9.58% down in price.

7. BABA – Buzzing Stars: ⭐⭐⭐

Sep 12: Alibaba shares were trading 2.77% higher amid overall strength in US-listed Chinese stocks.

Sep 13: Alibaba shares dropped 5.51% as a worse-than-expected US inflation rate caused global macro concerns.

Sep 23: Alibaba shares slipped 2.37% as it said it would invest $1B over next three years to boost cloud customers.

8. AMD – Buzzing Stars: ⭐⭐⭐

Sep 08: AMD shares were trading 3.98% higher after Stifel initiated coverage on the stock with a Buy rating.

Sep 13: AMD stock declined by 8.99% on reports that the US will further restrict US chip shipments to China.

Sep 20: AMD said demand for PCs was getting worse, sending the company's shares down 1.98%.

9. GME – Buzzing Stars: ⭐⭐⭐

Sep 08: GameStop stock jumped 7.45% after the retailer's narrower quarterly loss.

Sep 09: GME soared 11.96% after it reported better-than-expected Q2 EPS results.

Sep 13: GameStop fell 4.75% as its head of blockchain, Matt Finestone, left to pursue other opportunities.

10. AMZN – Buzzing Stars: ⭐⭐

Sep 09: Amazon stock increased by 2.66% after it acquired Cloostermans, a company that build warehouse machinery and robotics.

Sep 13: Amazon shares were trading 7.06% lower after August CPI data showed greater-than-expected US inflation.

Sep 21: Shares of AMZN were trading 3% lower amid raised fears of slowing economic growth.

Source: All the news events mentioned above are from moomoo news, and the % chg are from moomoo quotes.

That's all for Monthly Buzz. Thanks for reading.

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