Weekly Buzz: Stock market continued to heat up as inflation cooled off
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Happy Tuesday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on the moomoo platform based on search and message volumes of last week (Nano caps are excluded).
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Buzzing Stocks List & Mooers Comments
All the major indices closed higher last week. The tech-heavy Nasdaq was the best-performing index for the week after rising 4.82%. The S&P jumped 2.67%, while the Dow added 2% (as of Jan 13, 2023).
Without further ado, let's dive into the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla filed plans for $775 million in the expansion of its Texas factory. The share price of TSLA climbed 8.25% over the previous week (as of Jan 13, 2023).
@Asphen
- Area of balance/price acceptance has been established between 107 and 124.
- 124 is currently a stubborn resistance as seen in price piercing but not closed above yet.
- MA5 is fast coming very close to crossing above MA20
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2. BBBY - Buzzing Stars: ⭐⭐⭐⭐
Bed Bath & Beyond shares rocketed 179.39% last week as the company attracted retail investor interest amid bankruptcy volatility (as of Jan 13, 2023).
@shy Cheetah_0241
$Bed Bath & Beyond Inc (BBBY.US)$ there is no way rsi is near 30 with a dip like that. something is up. Maybe they are warming up the jets.
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC shares soared 31.43% last week amid strength in heavily shorted names (as of Jan 13, 2023).
@Flord
Most of us probably already know, but I keep seeing comments on how AMC should have a streaming App. So for those that don't know,...
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4. AAPL - Buzzing Stars:⭐⭐⭐⭐
Apple said CEO Tim Cook's 2023 target total compensation was $49M, a reduction of over 40% from 2022 target total compensation. The share price of APPL gained 3.97% last week (as of Jan 13, 2023).
@Hucktosoar
Gartner Says Worldwide PC Shipments Declined 28.5% in the Fourth Quarter of 2022 and 16.2% for the Year $Apple (AAPL.US)$ is again the most resilient out of the pack.
5. MULN - Buzzing Stars: ⭐⭐⭐
Mullen Automotive shares fell 5.40% last week as worries about equity dilution and economic uncertainty keep it volatile (as of Jan 13, 2023).
@70542874
$Mullen Automotive (MULN.US)$ after carefully reading this new 10k filing. it is only up to September 30th of 2022. During that time, Mullen's total assets were only 17 million. with the recent acquisitions, they are now worth over 200 million!
6. NIO - Buzzing Stars:⭐⭐⭐
NIO became the second-largest Battery Electirc Vehicle maker after BYD by revenue in China. Its share price jumped 13.79% over the past week (as of Jan 13, 2023).
@OptionsKing
$NIO Inc (NIO.US)$NIO is selling more cars in China than Tesla. Stock is moving upwards. Stock upgraded to buy and 1yr price target was raised to $33.75.
7. BABA - Buzzing Stars:⭐⭐⭐
Alibaba shares were trading higher by 8.95% last week following earlier reports China is planning to take golden shares in local units of the company (as of Jan 13, 2023).
@redevil88
Need to break 120-125 resistance. Else more chance to see the 90s again
8. C6L - Buzzing Stars:⭐⭐⭐
Singapore Airlines shares were up 5.97% last week as its target price was raised to S$5.40 from S$5,35 by UOB Kay Hian (as of Jan 13, 2023).
@ZnWC
$SIA (C6L.SG)$ share price hit its highest since year 2020 today surging more than 4% in a single day.
Read more >>
9. 00700 - Buzzing Stars:⭐⭐⭐
Tencent shares rose 6.30% last week, and its shares nearly doubled from October's low as the crackdown eased (as of Jan 13, 2023).
@Feirre
$TENCENT (00700.HK)$'s statement disclosed that it repurchased 960,000 shares of the company on the Stock Exchange on 12 January, at $356.6-377 per share, involving about $352 million.
10. AMZN - Buzzing Stars:⭐⭐
Amazon shares were trading higher by 13.99% amid overall market strength as stock with CPI report (as of Jan 13, 2023）
@Bullish to the Sky
$Amazon (AMZN.US)$ yes after waiting for so long finally picking me up soon at 96.50 break even.
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
Note: Reward will be sent to you this week. Please feel free to contact us if there are any problems.
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What do you expect from Q4 earnings?
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HopeAlways : The $S&P 500 Index (.SPX.US)$ is expected to report a year-over-year decline in earnings for Q4, which would mark the first year-over-year decline in earnings reported by the index since Q3 2020. It is hard to imagine CEOs and management teams being bullish about EPS and revenue prospects given tbe Fed rate hikes and the slowing economic data.
Yao En : More companies are cutting down staff.Earning seasons to see which co improves greatly like TSMC Taiwan.
Syuee : Investors are anticipating for Q4 earnings season, amid a toxic combination of several macroeconomic headwinds.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
This includes rising interest rates, persistently high inflation, slowing economic growth, ongoing supply chain disruptions and labor shortages.
If a company misses estimates doesn't mean, it can't have great growth prospects.
While, a company that exceeds expectations, could still face growth difficulties …
One should also pay close attention to announcements on forward guidance for the months ahead, given the uncertain macroeconomic outlook, which has seen recession fears mount recently.
#StockMarketIsForwardLooking
SuperWonderTrader : I think Q4 earnings will increase year on year by 2-4% and quarter on quarter by 1-2%. The reason being interest rate rise and its impact on company earnings are not at same timeframe. The rise in earnings will send stocks higher temporarily for a month or so and will start to pull down.
Syuee HopeAlways : Q4 earnings season can be both an important indicator for overall economic conditions and a crucial time when investors are given key information, upon which to base their investment decisions, moving forward.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
steady Pom pipi : I think that a bad economy generally lowers earnings expectations. It is also because of this that there may be many financial reports that exceed expectations.![[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 "undefined")
HopeAlways Syuee : The weekly S&P futures chart shows the longer-term downtrend remains intact even after the recent spike high. The longer that remains the case the more worrying it becomes for US equity markets.
ZenTime HopeAlways : Unsurprisingly, US equities have been at the mercy of recent data prints as the market reevaluates the timing of the Fed pause.
Ixy The Cat : What do you expect from Q4 earnings?
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Many people look at revenue in their assessment of a company's earnings. In my view, this doesn't portray a full picture. The recession is looming & big US banks are already making provisions of up to 4 billion. High inflation is hitting consumer spending, increasing borrowing costs for both individuals and companies, and it hits corporate profits. This current bull run is not sustainable because it bears no relation to how companies are actually faring and fundamentals. Talk that the inflation is going away and the Fed not increasing interest rates are fluff because the reality is otherwise. Companies are already cutting costs and laying off workers to show a better bottom line. Q4 2022 results are probably the last hurrah before the market goes south, so I am bearish in 2023. Full disclosure the only bank stocks I have are $JPMorgan(JPM.US)$, and Singapore banks for dividend yield purposes.
meruson : merci beaucoup !
with interest rates increasing and staying high, economy cools down. most probably pump and dump going on, nibble and run. the last one who misses the musical chair gets booted out.
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