WeeklyBuzz: Tech stocks perform well
Among the banking crisis, technology stocks perform differently.
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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.)
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Buzzing Stocks List & Mooers Comments
After one and another banking crisis, it seems that tech stocks were not negatively affected by the ongoing turmoil. Surprisingly, the S&P 500 and NASDAQ index ended 1.43% and 0.67% higher respectively, fueled by big caps such as Apple, Tesla and Nvidia. (As of Mar 20, 2023).
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*This list is provided for informational purposes only and is not investment advice or a recommendation of any security or investment strategy. You should not buy or sell any security on this list without first determining if it's appropriate for your portfolio or strategy by taking into account your financial situations and personal objectives. The past performance does not guarantee future results. This list only includes stocks.
Anyway, let's dive into the weekly buzzing stock list of last week:
1. FRC - Buzzing Stars: ⭐⭐⭐⭐⭐
First Republic Bank's shares declined 71.83% last week, driven by the banking crisis. First Republic Bank of San Francisco is exploring strategic options, according to Bloomberg News. One of those options is to sell itself, and if First Republic opted for to do this, many potential buyers could step up, says Bloomberg News. (As of Mar 20, 2023).
2. TSLA - Buzzing Stars: ⭐⭐⭐⭐
Tesla's is trying to bring back park assist to electric vehicles without ultrasonic sensors. Tesla is working on a new version of park assist that does not require ultrasonic sensors, which would make it possible for the company to add the feature to its older vehicles that do not have the sensors. Its stock closed green, was up 3.86% last week. (As of Mar 20, 2023).
3. HUBC - Buzzing Stars: ⭐⭐⭐⭐
HUB Cyber Security's shares rose 47.06% last week, driven by the investment plan.The Israeli investment bank, A-Labs Advisory & Finance Ltd. ("ALabs"), has reaffirmed its irrevocable commitment to invest $20 million in HUB as an equity PIPE investment at $10 per share, previously made in connection with the Company's business combination. This commitment represents a significant premium to current market price. (As of Mar 20, 2023).
@FrankieSmilez
$HUBC IRBK data, shorts will get tired and cover if the majority of the bulls keep buying and holding, spikes in between. We should see some updated press releases soon.
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4. AMC - Buzzing Stars:⭐⭐⭐⭐
Over the past month, shares of this movie theater operator have returned -16.4%, compared to the Zacks S&P 500 composite's -3% change. During this period, the Zacks Leisure and Recreation Services industry, which AMC Entertainment falls in, has lost 10.9%. Still, it fell 22.30% last week. (As of Mar 20, 2023).
5. TRKA - Buzzing Stars: ⭐⭐⭐
Troika’s investors responded negatively when the company reported a net earnings loss for the six months ended Dec. 31, 2022. Its shares were down 14.58% last week. (As of Mar 20, 2023).
6. SIVB - Buzzing Stars:⭐⭐⭐
US regulators are moving toward a breakup solution for Silicon Valley Bank after failing to line up a suitable buyer for the entire company, according to people familiar with the matter. Its shares declined 62.72%. (As of Mar 20, 2023).
@Spinee
The asset-liability characteristics of Silicon Valley Bank make it more sensitive to changes in interest rates and ultimately lead to risk. As uncertainty and instability increase, the challenges for global wealth management are also increasing, says Xuan, the vice head of PBOC.
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7. BBBY - Buzzing Stars:⭐⭐⭐
Bed Bath & Beyond is planning a reverse stock split, the company said on Friday, sending the shares tumbling in after-hours trading. The stock was down double digits after the announcement, but was later trading 8% lower at 95 cents after the market closed on Friday. And overall, it decreased by 23.13% last week. (As of Mar 20, 2023).
8. BAC - Buzzing Stars:⭐⭐⭐
Bank of America Co. shares reached a new 52-week low on Friday. The company traded as low as $27.62 and last traded at $27.81, with a volume of 43573584 shares trading hands. (As of Mar 20, 2023).
9. AAPL- Buzzing Stars:⭐⭐⭐
Unlike many of its tech peers, Apple has so far refrained from any large-scale layoffs. The tech giant would have a harder time justifying such a step, said Bloomberg columnist Mark Gurman in his latest installment of the "Power On" weekly newsletter. Few Things Going In Apple's Favor: Apple is far more profitable than any other tech company and it earned $30 billion in profits in the December quarter alone, Gurman said. The company also has a war chest of $165 billion and a reputation for stability, he added. So its stock price was up by 4.38% last week. (As of Mar 20, 2023).
10. NVDA - Buzzing Stars:⭐⭐
Nvidia investors had a good week last week, as shares soared more than 12%. This was mostly in response to news of new AI-powered product announcements, including “Deep Learning Super Sampling (DLSS) technology” that will support “an assortment of blockbuster games and franchises,” and help their graphics flow “smooth as silk.” (As of Mar 20, 2023).
Thanks for reading! ![]()
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
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KrystalW : I wonder if the banking industry will recover from the crisis in the next week.
Milk The Cow : Too much![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
print for the bank bail out.![[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")
(All may panic, "oh no oh no, will this be next one". It's contagious ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.)
Welp, it may not increase back so fast...
It may continue fall if another bank went bankrupt/close shop is added to the list...
Milk The Cow :
ZnWC : High PCA banks restructuring
The short answer will be yes, banking sector will keep falling especially for those with high (PCA) percent cumulative assets. Higher PCA is higher risk because asset is held by small group of customers. We are expecting bank restructuring in term of loan and reserve soon and more takingvover or mergering will be seen.
Note: Banks on the left of SVB are safe while those on the right may face restructuring.
Rally in BTC
We may have avoided a financial crisis but not out of the water as inflation is still high = FED will continue to raise interest rate. Strangely market sentiment view the bank sector falling as currency falling (or FED starts printing money) and started a rally in cryptocurrency such as BTC and ETH. Personally I don't think the rally is sustainable and the pump and dump will come when confidence is restored in the bank sector.
Interest rate pivoting
The SVB collapsed did one good thing that is FED is not going to raise interest rate aggressively. Based on the latest FED data, interest rate may pivot in Q1 next year (or earlier). This is based on the assumption that inflation will fall in H2.
Moving forward
There are too many uncertainties such as Ukraine-Russia War escalates, US-China trade war deteriorates , Oil prices surge and Disease Outbreak (e.g. bird flu) may disrupt the timeline. We need some good news (and FED is not giving one). I'm looking forward for Tesla's delivery report in early April and analysing how China fiscal policy affect global economy and stock market.
How to move forward while Bank Sectors keep falling ...
https://www.moomoo.com/community/feed/110074278051846?data_ticket=212ca245a589f1e400fb2e247953bc77&futusource=nnq_followtab_list
cola1010 : Bank stocks plummeted during the banking crisis, with the majority of bank suffering significant losses, including regional bank stocks. People are concerned about banks losing money on investments and customers withdrawing funds. Investors' overall sentiment has been one of uncertainty, resulting in a sharp decline in the value of bank stocks. Despite the fact that the banking sector is expected to continue to fall, I see this as an opportunity to invest and have faith in Bank of America. Let's keep an eye on it!
GodSpeed289 : Expect banking stocks to fall as even the global banking sector has been rocked. The rescue of Credit Suisse has ignited broader worries about investors’ exposure to a fragile banking sector. They are still fretted that regulators and central banks have yet to contain the worst shock to the sector since the 2008 global financial crisis. Unsurprisingly, the market is reacting strongly that there are more problems out there that have come forth. Investors are staying sideline as they expect it will take time, likely weeks without any problems in the banking system before markets will be convinced that it’s not a systemic problem.
noglyph :
noglyph : Thank you so much @Popular on moomoo! It means alot to be recognized by you.
RainGrowz : they've been recovering from every crisis they've created along the way... it's like they're a business at it or something