NVDA
NVIDIA
-- 139.670 TSLA
Tesla
-- 430.600 AMD
Advanced Micro Devices
-- 124.600 PLTR
Palantir
-- 80.690 RGTI
Rigetti Computing
-- 10.9600 
Weekly Buzz: Buffett and Munger on banking system: fear, incentives, and the importance of deposit guarantees
Spoiler:
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 equity markets bounced back on Friday as the latest jobs report suggested the labor market remained strong, despite the Fed's recent rate hikes. However, concerns about the banking sector following the collapse of First Republic Bank earlier in the week limited gains and led to slight losses for the week. The Dow and Nasdaq finished flat for the week, while the S&P 500 was down 1.2%. The 10-year Treasury yield climbed ten basis points on Friday to 3.43%. Crude oil prices, which had fallen earlier in the week due to concerns over demand after rate hikes by the Fed and the ECB, recovered some losses on Friday. WTI crude prices dropped roughly 7% weekly to $71 per barrel. (As of May 8, 2023)
*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. MULN - Buzzing Stars: ⭐⭐⭐⭐⭐
Mullen Automotive has announced a 1-for-25 reverse stock split to maintain its Nasdaq listing. The electric vehicle company's stock has been receiving meme-like attention and ended last week's session down by 10.81%. The stock will continue to trade on Nasdaq under the existing symbol "MULN." (As of May 8, 2023)
2. TSLA - Buzzing Stars: ⭐⭐⭐⭐
Tesla stock's price surged 3.5% last week. With Tesla stock up over 50% from the start of the year, it is bucking the industry trend, which is slightly down over the same period. Tesla is poised to gain massive market share and revenue in the second half of this year and well into the next, with the Cybertruck finally entering the North American market. (As of May 8, 2023)
@ZnWC
Tesla very likely to roll out Autonomous Robotaxi this year - backed by solid safety data and huge progress
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC Entertainment closed the most recent trading week at $5.89, moving +7.09% from the previous week. AMC Entertainment has settled a court dispute over a proposed stock conversion with shareholders. The proposed conversion involved the conversion of AMC Preferred Equity Units into Common Stock and a reverse stock split. The settlement details were not disclosed. (As of May 8, 2023)
@Jodom_Jay
AMC says it has reached agreement on shareholder lawsuit against APE conversion
Read more >>
4. GDC - Buzzing Stars: ⭐⭐⭐⭐
GD Culture Group Limited announced that it had downsized its previously announced registered direct offering and concurrent private placement to an aggregate of (i) 310,168 shares of the Company’s common stock, par value $0.0001 per share, and pre-funded warrants to purchase up to 844,351 shares of the Company’s common stock at a purchase price of $8.269 per share with respect to the registered direct offering, and (ii) warrants to purchase up to 1,154,519 shares of the Company’s common stock at an exercise price of $8.27 per share with respect to the private placement. The share soared 132%. (As of May 8, 2023)
5. AAPL - Buzzing Stars:⭐⭐⭐
Apple's revenue fell by 3% to $94.8bn for the first three months of the year, the second consecutive quarterly revenue decline for the iPhone maker, due to consumers scaling back spending on smartphones and computers because of looming recession fears. However, Apple's net income only fell 3% from the year-ago quarter to nearly $24.2bn. Apple's stock price increased 2.29% last week. (As of May 8, 2023)
6. FRCB - Buzzing Stars:⭐⭐⭐
The New York Stock Exchange said last Tuesday it would delist shares of First Republic Bank, the lender that was seized by regulators before JPMorgan Chase & Co acquired most of its assets. FRC changed its trading symbol to FRCB. FRCB saw much movement last week, with a 90.17% decline. (As of May 8, 2023)
@Rann New
FDIC plans to hit big banks with fees to refill deposit insurance fund - Bloomberg News
Read more >>
7.PACW - Buzzing Stars:⭐⭐⭐
California-based PacWest Bank is exploring “all strategic options” after its share price was halved in the wake of a Bloomberg report that the bank was considering a sale. The bank is said to be considering splitting up the company or raising capital to support itself. As with many US regional banks, the value of PacWest’s loans and bond holdings has crumbled as interest rates have surged. Its stock fell 43.25% last week. (As of May 8, 2023)
@Jayishere
PacWest jumps 70% as regional bank stocks claw back lossesPacWest jumps 70% as regional bank stocks claw back lossesclaw back losses
Read More >>
8. AMD - Buzzing Stars:⭐⭐⭐
AMD announced its fiscal first quarter earnings after the bell on Tuesday, beating analysts' expectations on the top and bottom line, despite falling short on data center and client revenue. AMD is contending with a huge drop in PC sales. AMD's shares were largely unchanged last week, with only a 0.53% increase. (As of May 8, 2023)
9. NIO - Buzzing Stars:⭐⭐⭐
Chinese electric vehicle manufacturer Nio has started deliveries of its new EC7 model in China. The all-electric SUV coupé will be offered with a battery energy content of 75 kWh or 100 kWh at prices between 488,000 and 578,000 yuan. Nio has brought forward the deliveries to improve its sales figures in this quarter. It is uncertain whether the EC7 will come to Europe. Amazon's stock price increased 3.56% last week. (As of May 8, 2023)
@Brandony
3X deliveries in 2yrs
10. NVDA - Buzzing Stars:⭐⭐
Nvidia's shares have risen by 3.36%. The sales of semiconductors are also increasing, which could lead to an uptick in the industry. Nvidia is also rumored to be launching a new graphics card, the RTX 4060Ti, in May. (As of May 8, 2023)
@BrandonnW
Institutional investors have a lot riding on NVIDIA Corporation with 66% ownership
Read More >>
Thanks for reading! ![]()
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
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We will select 15 TOP COMMENTS by next Monday.
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*Comments within this week will be counted.
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102392341 : For me, my preference would be Apple which has posted a stronger than expected revenue and profit .
Milk The Cow : I think will be $Microsoft (MSFT.US)$. Never expect it to be able to continue make positive profits although it seem like it has already reached its' growth limits...
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?!
Same for $Apple (AAPL.US)$ , is also a surprise as it can maintain a normal earning profit although the revenue seem to drop. Also heard that their iPhone is selling very well
Actually, I think growth is kinda slow for a strong US economy by data.
Milk The Cow :
缘起 102392341 : Right, I have a soft spot for Apple and Tesla, these two technology stocks. Are you currently operating long-term or short-term?
Chomel : I would make a vote for $Microsoft (MSFT.US)$ for beating estimates on quarterly guidance and surpassed my expectations.
Azure and it’s cloud services infrastructure, continue to expand and grew by 27% compared to the past quarter.
Productivity and business portion which includes Dynamics, LinkedIn and Office posted 11% growth in revenue. This has also resulted in 14% more revenue from productivity software subscription for commercial Office 365.
Teams communication app had over 300 million monthly active users in the quarter, compare to 280 million in the previous quarter.
Investment on AI capabilities which would increase its Bing search engine functions as well as enhancement to the Microsoft 365 productivity software.
Despite a decline on Personal Computer segment, such as Bing, active users are still growing and revenue from gaming subscriptions could break $1 billion mark. Sales of PC does looks encouraging and somewhat better than consensus and market perspective.
Overall, $Microsoft (MSFT.US)$ respectable set of strong earnings and having an outlook which seems to have regain a foothold among other tech industries as well as position itself as the leader of its own in the field of the growing AI ecosystem.
Landlordb1 : $MARA Holdings (MARA.US)$
funny Giraffe_6930 : happy Monday to All
102978431 funny Giraffe_6930 : Thank you and I wish you happiness, how long have you been in the market?
102978431 Landlordb1 : What position did you enter
102978431 Landlordb1 : What position did you enter
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