Weekly Buzz: Is the FAANG era over?
Spoiler:
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.)
Make Your Choices
Buzzing Stocks List & Mooers Comments
All three major indices gained this week on strong GDP numbers, slowing inflation and steady consumer spending.The S&P 500 and the Nasdaq were up 3.9% and 2.2%, respectively (As of Oct 28, 2022).
Without further ado, let's dive into the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla shares were trading higher by 6.57% last week after falling earlier in the week on China price cuts (As of Oct 28, 2022)
@Asphen
- Has a 3 day price action balance between 215/216 and 230.
- Where will it break today would give a sign
- 232 remains a level to get above
Read more >>
2. MULN - Buzzing Stars: ⭐⭐⭐⭐
Mullen stock soared 37.75% over the past week after the company announced that it would distribute an urban delivery EV in Europe (As of Oct 28, 2022).
@Piggy Bank Trader
There is still a long road ahead. Mullen hasn't announced any material contracts, labor and so many other pieces yet.
Read more >>
3. AAPL - Buzzing Stars: ⭐⭐⭐⭐
Apple shares gained 5.75% last week after the company reported better-than-expected fourth-quarter results and reported year-over-year revenue growth across multiple segments (As of Oct 28, 2022).
@Asphen
- Looking good, AAPL will define whether SPY has any hope of reaching 410/420
- Last TA update showed a weak bearish structure from 148 to 155 and bulls could easily cut through it
- AAPL earnings this week provided that catalyst and as it played out, it cut through well before tested by 157.
Read more >>
4. META - Buzzing Stars:⭐⭐⭐⭐
Meta stock was trading 23.70% lower last week after markets gave a thumbs down to its Q3 2022 earnings and fourth0quarter guidance (As of Oct 28, 2022).
@tatubaby
Good buy if you can hold long term, DCA right now. The majority of Meta business still has quality earnings. Metaverse is decent speculation? Would be big if they can solve existing issues and enter market at the right time.
Read more >>
5. AMC - Buzzing Stars: ⭐⭐⭐
Imax and AMC cinemas expanded partnership with agreement for six new Imax locations in Saudi Arabia. The price of AMC stock rose 0.31% (As of Oct 28, 2022).
@pachi
amc needs to break 6.93 so that we can see a 7.11 retest. Once we break that, we could see a test of that supply zone [7.38/8.12]. Reject 6.93 and we can come down to test 6.28 and 5.48/5.51
6. SPY - Buzzing Stars:⭐⭐⭐
The S&P 500 surged 3.94% bringing the total gain from the bear market bottom rebound beginning on Oct. 12, 2022 (As of Oct 28, 2022).
@pachi
here are some levels that i am watching. Break 389 and we will see SPY head over to retest that 4hr supply zone [391/395]. We broke that and we could see this test 397.
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7. NIO - Buzzing Stars:⭐⭐⭐
NIO price target was cut to $19/share from $34 by Barclays, dragging its share price down 13.56% over the past week (As of Oct 28, 2022).
@Skyrocket 101
The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 27.81, with a high estimate of 66.32 and a low estimate of 18.62. The median estimate represents a +187.45% increase from the last price of 9.68.
Read more >>
8. BABA - Buzzing Stars:⭐⭐⭐
The share price of BABA dropped 11.69% last week as Barclays adjusted its price target to $114 from $135 (As of Oct 28, 2022).
@101872546
8 yrs ago ipo at 68. Risk management is about executing stop loss w/o emotions when the moment call for it.
9. MSFT - Buzzing Stars:⭐⭐⭐
As Microsoft told investors to brace for a steep downturn in the PC market and a decelerating pace of expansion in the cloud, the share of MSFT fell 2.58% last week (As of Oct 28, 2022).
@ACIC是骗子
Can give my prediction, my system tells me that it will rise to around 262.5. But it always gives me a sense of trap.
10. TWTR - Buzzing Stars:⭐⭐
Twitter was set to be delisted from the NYSE last Friday following Musk's acquisition. The share price of Twitter closed at $53.700 with a weekly growth of 7.64% (As of Oct 28, 2022).
@SpyderCall
Twitter is officially unlistedIfrom the stock market. What happens to the holders of Twitter shares? I believe they were converted to some holding company.
Read more >>
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Weekly Topic
Time to be rewarded for your great insights and knowledge!
Thanks for the topic that came up with @ZnWC：
Thanks for the topic that came up with @ZnWC：
What's your immediate reaction if the big tech companies' earnings don't meet expectations?
Comment below and share your ideas!
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.
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.
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meruson : merci beaucoup
HopeAlways : Investors are spooked by weak earnings season and runaway costs at Big Tech companies. The stock prices of Big Tech with the exception of $Apple (AAPL.US)$ tumble as earnings set off alarm bells. The earnings of $Apple (AAPL.US)$ received a drastically different reaction than its Big Tech peers where the stock price soared while investors fled from the other Big Tech stocks. $Apple (AAPL.US)$ emerged as the winner of a gruesome earnings season. It seems that Buffett is right with his investment of $Apple (AAPL.US)$.
Syuee : My immediate reaction would be to watch it dip. The lower, the better.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
In fact, I would buy more of it, if I am convinced on the quality of my stocks. It will help average the cost of ownership and maximize returns, going forward.
We are spoilt for choice recently. This is the time to be really choosy.
I would choose companies with really strong fundamentals, undervalued or valued at a reasonable price.
Similarly, there can be only one reason to sell a stock - the fundamentals of the company are shaky and it is facing management or regulatory problems.
Rise and fall of share price keeps happening in the stock market. If we get panicked when the price falls a little, then how will we be able to identify the multibaggers ?
If the share price of a company starts falling, then it is not necessary that the quality of the company has deteriorated.
So many factors may contribute to fall in prices. If we start selling shares for each and every reason; then so many reasons will come up such that we will never be able to hold any share for long term and not be able to make big profits.
I will sell only if something goes wrong in the business. I am not worried about small dips in prices due to bad earnings report.
You see, Wall Street doesn't think long-term. It just wants to see those revenues now !
Thus, stocks like Alphabet has been consistently undervalued.
I will use this opportunity to re-balance my portfolio to ensure diversification.
A successful investor / trader never acts under impulse or emotions, but always backs buying or selling with some sort of reliable data.
Markets are driven by emotions, fear and greedy.
Remember :
Always capitalize~ on the dominant force !!
#SpotTheRealGems
Valery S : Weaker than expected earnings could be sign for the next 3-6 mths on how the mkt may not turn bullish as many expected.
HopeAlways Syuee : For the tech sector, particularly the Big Tech heavyweights, earnings were a major drag on performance. At the same time, optimism has been building over expectations that the Fed will be less aggressive in tightening monetary policy in the future.
Syuee HopeAlways : Given the perfect storm of currency and macro this quarter, Apple's results should be categorised as net bullish around underlying demand and also help throw out the noise that iPhone 14 upgrades are slowing in this cycle.
$Apple (AAPL.US)$ FTW !!
VCSuccess HopeAlways : $Apple (AAPL.US)$ now looks a lot more stable than its Big tech peers especially as fears of a recession start weighing on ad sales and potential holiday spending. It's largely because $Apple (AAPL.US)$ relies on hardware and services that people are still buying. In short, it's business remains strong, and demand for its products remains high around the world, even in emerging markets bucking downward trends for global smartphone sales from other brands.
meruson : these stocks are very sensitive to fed interest rate increases, it is no surprise that their earnings are disappointing and their stock price are trending down. investors are reallocating their stakes in these stocks to assets that benefit from interest rate increase. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ is forward looking and is sensitive to the projected fed interest rate. this would be the leading indicator to watch for reversals that will result in bear market rallies. bon courage.
Milk The Cow : If big tech companies' earningndoes don't meet expectation, it can only mean that the economy is really not that good after 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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If majority does not meet expectation & a minority only meet expectation, then it's even proven the economy is no good. The minority meet expectation can only mean that they may be one of the most well managed companies
Milk The Cow :
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