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Weekly Buzz
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Weekly Buzz: From iPhones to banking

Spoiler:
At the end of this post, there is a chance for you to win points!
Source: Giphy
Source: Giphy
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
US stock markets had a lackluster performance on Friday and ended the week lower, with the Dow dropping 0.23%, the S&P 500 falling 0.1%, and the Nasdaq declining 0.42%, marking the worst weekly performance since March. Meanwhile, Treasury yields slightly rose with the 10-year note yielding at 3.57%. On the other hand, oil prices dropped over 6% this week to $77 per barrel for the US benchmark, West Texas Intermediate (WTI), due to expected tighter monetary policies and global economic slowdowns. (As of Apr 24, 2023)
Weekly Buzz: From iPhones to banking
*Note: All contents such as comments and links posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult with a qualified financial professional for your personal financial planning and tax situations.
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. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla has released its financial results and shareholder letter for Q1 2023, reporting $23.3 billion in revenue which missed Wall Street expectations by about $300 million, but it met earnings expectations at $0.85 per share (non-GAAP). Tesla saw much movement last week, with a 10.77% decline. (As of Apr 24, 2023)
@Galaxy Paris
Comparison of gross profit margin between Tesla and European and American OEMs
Weekly Buzz: From iPhones to banking
2. BBBY - Buzzing Stars: ⭐⭐⭐⭐
Bed Bath & Beyond, has filed for Chapter 11 bankruptcy and plans to shut down all 360 Bed Bath & Beyond stores and 120 Buy Buy Baby shops. The company will begin liquidation but may pivot away from store closings if there's a successful sale. This move puts thousands of jobs on the line. The company is also searching for a buyer for some or all of its assets. Its shares surged 23.27% last week. (As of Apr 24, 2023)
@LuvKitty
Chapter 11 Bankruptcy: What's Involved, Pros & Cons of Filing
Weekly Buzz: From iPhones to banking
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC shareholders approved a 1-for-10 reverse stock split and the conversion of AMC Preferred Equity units, aiming to raise more money. However, retail investors are concerned that the split will attract pressure from short sellers. AMC CEO Adam Aron has argued that it will have no impact on short sellers and that the split will make AMC's price more robust. The effects of stock splits are mainly psychological, and the split should not be a topic of broad concern for AMC shareholders and traders. Still, AMC's shares fell 2.54% last week. (As of Apr 24, 2023)
@JulianMackie
AMC's 1-for-10 Reverse Stock Split
4. MULN - Buzzing Stars:⭐⭐⭐⭐
Mullen Automotive's shares rose by 2.8% last week following the announcement of a joint venture (JV) with Global EV Technology and EV Technology, known as Mullen Advanced Energy Operations (MAEO), to improve battery life for a variety of applications, such as extending the range of an EV. Mullen will own a 51% equity interest in MAEO, while the two other companies will own the remaining 49%. In exchange for licensing MAEO, its battery-improving technology, and any related intellectual property rights, EVT will be granted a limited exclusive license to the technology specifically for the United Arab Emirates. (As of Apr 24, 2023)
@70568853
What generation is most active on moomoo?
Read more >>
5. UCAR - Buzzing Stars: ⭐⭐⭐
China-based U Power Ltd. had a successful debut in the US stock market, with shares soaring by 30.50% and triggering multiple halts for volatility. The startup focuses on battery-swapping technology for electric vehicles and closed at $43.18 after pricing its initial public offering at $6. (As of Apr 24, 2023)
6. NIO - Buzzing Stars:⭐⭐⭐
Chinese electric vehicle manufacturer NIO is developing a sub-brand, Firefly, to offer budget-friendly EVs in Europe. Firefly's first model, an affordable hatchback with battery-swapping capabilities, is set to launch in 2024 with a starting price of under €30,000. NIO aims to tap into the growing demand for affordable EVs in Europe and establish itself as a leading player in the global EV market. The company plans to have 1,000 swap stations outside China by the end of 2025 and is set to introduce its first European model, the ET5 wagon, later this year. However, its shares declined 10.14% last week. (As of Apr 24, 2023)
@Carla Lee
NEV companies in China seeing a divergence in March deliveries.
Weekly Buzz: From iPhones to banking
7. NVDA - Buzzing Stars:⭐⭐⭐
The surge in AI workloads in cloud/enterprise data centers could shift more computing value towards specialized accelerators and away from traditional x86-based server CPUs. Nvidia's equipment that powers AI applications in cars and robots has garnered attention. Its stock has spiked 90% this year as investors pile into companies they see benefits from the AI trend. Last week, Nvidia's stock price increased by 2%. (As of Apr 24, 2023)
@Bertramie
This Is Why Nvidia Faces Big Challenges in Artificial Intelligence
Read More >>
8. AAPL - Buzzing Stars:⭐⭐⭐
Apple has collaborated with Goldman Sachs to introduce a high-yield savings account for US financial clients, which can be accessed through the Wallet app. The account offers a 4.15% annual yield and has no fees, minimum deposit or balance requirements. This rate is more than 10 times the national average. Apple's shares saw little movement last week, with only a 0.12% decline. (As of Apr 24, 2023)
@Carter West
Apple's savings account looks attractive, with an annualized interest rate of 4.15%.
Read More>>
9. NFLX - Buzzing Stars:⭐⭐⭐
Netflix's Q1 results showed a miss on revenue, but subscriber numbers were better than expected. The company plans to roll out its paid password sharing program worldwide, which is expected to increase subscriptions and revenue. Netflix ended the quarter with over $2 billion in excess cash and will continue with share buybacks. Netflix's shares declined 3.15% last week. (As of Apr 24, 2023)
@Noah Chan
Netflix, Inc. (NFLX) Q4 2022 Earnings Call Transcript
Read More >>
10. CXAI - Buzzing Stars:⭐⭐
CXApp says the board concluded Co.'s financial statements for the year ended Dec 31, 2022, and quarter ended Jun 30, 2022, and Sept 30, 2022, to no longer be relied upon. CXApp's shares fell 41.73% last week. (As of Apr 24, 2023)
@Ripper1986
No shares available to borrow and finally a big jump in cost to borrow, now at 465%. Usually when cost to borrow jumps significantly, even if no one is borrowing the prize jumps.
Weekly Buzz: From iPhones to banking
Thanks for reading!
Awarding Moment
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!
"How do you think Apple entering the financial industry will impact the traditional banking sector?"
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.
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  • doctorpot1 : If Apple, a technology giant with a large customer base and significant financial resources, were to enter the financial industry, it could potentially have several impacts on the traditional banking sector:

    1. Increased Competition: Apple's entry into the financial industry could introduce increased competition, as the company has a history of disrupting traditional markets. Apple's strong brand recognition and customer loyalty could pose a threat to traditional banks, particularly in the areas of mobile payments, digital wallets, and other financial services that are closely tied to its existing products and services, such as Apple Pay.

    2. Enhanced Customer Experience: Apple is known for its focus on user experience and design, and it could potentially bring that same approach to financial services. This could result in innovative and user-friendly financial products and services that could attract customers who are looking for a more convenient, seamless, and modern banking experience.

    3. Disintermediation of Banks: Apple's entry into the financial industry could potentially disrupt the traditional banking model by providing alternative ways for consumers and businesses to access financial services directly through its ecosystem, bypassing the need for traditional banks as intermediaries. For example, Apple could offer peer-to-peer lending or digital banking services that compete with traditional banking services.

    4. Increased Emphasis on Data Privacy and Security: As a technology company, Apple has a strong focus on privacy and security. If it were to enter the financial industry, it could potentially prioritize data privacy and security in its financial products and services, which could attract customers who are concerned about the security of their financial information.

  • GodSpeed289 : One of the key advantages that Apple has over traditional banks is its brand recognition, loyal customer base, and commitment to seamless, digital user experience. Apple's focus on user experience and innovation could also put pressure on traditional banks to modernize their offerings and provide a more convenient digital experience for their customers. Overall, Apple's foray into the financial industry is a reflection of the growing importance of technology in finance and the increasing demand for innovative financial services that meet the needs of today's consumers.

  • 102392341 : It’s definitely bringing a new norm to banking industry and could change how banking experiences would be like over the future.

  • Milk The Cow :

  • Milk The Cow : It'll definitely affect traditional banking sector to certain extent...[undefined]
    Apple is a big tech company & financially strong/stable company (suppose to be).
    So, with their name & brand alone, can increase competition for traditional banking sector. Whatever notes/bonds offered by Apple will definitely be better interest rate than bank offered fixed deposits & it should be considered quite safe, maybe [undefined].

    Having that said, I doubt Apple can totally replace traditional banking sector as one thing we know for sure is that ur money is safer in the bank than in a financial industry as ur deposit is as good as safe because certain amount is being insured by the country's government, insurance...or whatever it's... As long as the both of them do not failed, it should be[undefined].

  • Neo999 : As trust in traditional banks falters, the two most iconic names in tech and finance are joining together to create what might become America’s mightiest FinTech.

    Last week Apple effectively dropped the mic on the nation's banking industry. While the average bank is paying less than a half a percent on savings accounts, the $2.6 trillion technology company announced it would be offering 4.15% annual returns to savers – no minimums, no lockups and FDIC-insured. The new product rollout comes at a time when regional banks are scrambling in the wake of the Silicon Valley Bank crisis to maintain their deposit bases, and cash-starved fintech startups are likewise struggling.

    Technically Apple doesn’t have a banking license. It is fronting for Goldman Sachs Bank USA, otherwise known as Marcus, which has a state charter and is FDIC-insured. In fintech parlance, Apple is a neobank like Chime, Revolut and Monzo – except its brand strength is unparalleled given that there are more than two billion iPhones globally, now serving as Goldman’s branch network.

    Deposits are becoming a larger source of funding for the bank as it grows the consumer and transaction banking business. Apple's 4.15% savings account should turbocharge this trend.

    In all of its financial products, Goldman Sachs operates in the background, despite its own formidable reputation, suggesting that they are betting that customers no longer value the marble columns and venerable histories that thousands of redundant FDIC-insured financial institutions continue to bank on.

    It's partnerships like these that could basically make banking become invisible.

  • Fate Written : The concept of giving your money to a bank has always been about security.  In a time where the banks are less stable than the tech companies, it makes sense to diversify where you put your money.

  • SonnyM : Voted yes, why not? It's ten times more IR% which is still below inflation anyway. Who are the 25% voting no?

    Apple might as well start a bank and rake in the fees. If just a third of U.S. Apple customers switched banking wouldn't that secure Apple as the most profitable in the world? It'll will be less prone to recessions, people still use their cards and pay fees during recessions. It will remain a trillion dollar plus company for a long time, maybe even go double or triple by 2030.

  • EYSY : If Apple enters the financial industry, think it'll disrupt the traditional banking sector:
    1. Apple will truly be a fintech company. Fintech is the buzz word nowadays and which company is better poised than Apple? Maybe Microsoft..
    2. Posing strong competition to traditional banks - Apple immensely strong branding and loyal customers will help to increase its customer pool. Perhaps even larger than traditional banks
    3. Product innovation - Apple is known for product innovation. With its existing Apple watch, Apple pay, perhaps we'll see a more seamless end-to-end consumer banking experience
    4. More global footprint - With its existing global sales and operations, Apple is poised as a more global bank! Perhaps better FX rate compared to traditional banks?

  • mr_cashcow : Wow cool move by apple by leveraging their brand recognition, I wonder if the other tech firms will follow suit. I think it is a really smart move by apple, instead of getting loans from banks they directly borrow from customers & cut out middle man! Disclaimer, just random thoughts from a noob who is trying to earn some extra cash so take what I said as a grain of salt[undefined]

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