Popular on moomoo wrote a post · Jul 3, 2023 03:55

Weekly Buzz: Can markets sustain that incredible momentum?

Source: GIPHY

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

Last week Wall Street blazed to another rally Friday to close a winning week, month and first half of the year after reports suggested pressure on inflation may be easing. Last day of June, the dow index rose 0.84%, closing at 34,407.6 and the S&P 500 index rose 1.23%, closing at 4,450.38. Several famous growth stocks were also going up and regained people's attention once again. (As of Jun 30, 2023)

🚌 Weekly Buzz

*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: ⭐⭐⭐⭐⭐

$Tesla (TSLA.US)$ shares weekly % chg rose by 1.66% and closed at $261.77 last week. Tesla Inc on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. Federal credits helped make its electric vehicles more affordable. The Elon Musk-led company handed 466,140 vehicles in the April to June period, up 10% from the preceding quarter, and 83% higher from a year earlier. (As of Jun 30, 2023)

@The Brown Knight: Congratulations to any who bought on friday or hold Tesla.

2. MULN - Buzzing Stars: ⭐⭐⭐⭐

$Mullen Automotive (MULN.US)$ shares weekly % chg decreased by 7.16% to $0.1077. The company's market cap stands at $26.23 million. With a significant decline of over 90% from its peak, Mullen Automotive may appear tempting as a high-risk electric vehicle (EV) investment. However, caution is advised. Despite ambitious claims, the company’s ability to deliver vehicles remains uncertain. Additionally, Mullen is facing severe undercapitalization, is rapidly depleting its funds, and is likely to need additional capital down the road. Whether it’s a dilutive equity offering, or a debt issuance, investors stand to lose from additional balance sheet deterioration down the road. (As of Jun 30, 2023)

@pennypincher: what did it take 2 months since the reverse split for David to dilute back to 10 cents.

3. AMC - Buzzing Stars: ⭐⭐⭐⭐⭐

$AMC Entertainment (AMC.US)$ shares weekly % chg decreased by 0.45% to $4.4. The company's market cap stands at $2.28 billion. AMC fights meme-stock investors in court. Thousands of shareholders have turned against AMC, objecting to a deal that would clear the way for the movie theater chain to issue more stock. (As of Jun 30, 2023)

@intuitive Jackal_354: The bars pattern clearly shows we go higher all next week to about the 6.50 level.

4. NVDA - Buzzing Stars: ⭐⭐⭐⭐⭐

$NVIDIA (NVDA.US)$ shares weekly % chg rose by 3.63% to $423.02. The company's market cap stands at $1.04 trillion. While demand for GPUs aimed at training artificial intelligence (AI) models is soaring, a very different story is playing out in the gaming GPU market. A tough economic environment is impacting consumers, and the pandemic-era boom in PC sales has given way to a bust. (As of Jun 30, 2023)

@agar agar: I recovered all of my losses last year just over the last few weeks with gains from NVDA and TSLA.

5. AAPL - Buzzing Stars: ⭐⭐⭐

$Apple (AAPL.US)$ shares weekly % chg rose by 2.31% to $193.97. The company's market cap stands at $3.05 trillion. For the first time since early 2022, Apple Inc. reached a $3 trillion market capitalization, putting it in the stock market’s most rarefied air. But while the milestone comes on the heels of the Vision Pro headset debut, the valuation doesn’t necessarily reflect the response to that product. (As of Jun 30, 2023)

@Zeff The Great: At the end of the second quarter of 2023, Apple's market capitalization, It has officially stabilized at USD 3 trillion.

6. NIO - Buzzing Stars: ⭐⭐⭐

$NIO Inc (NIO.US)$ shares weekly % chg rose by 3.19% to $9.69. The company's market cap stands at $16.66 billion. NIO delivered 10,707 vehicles in June, up sharply from 6,155 in May and April's 6,658. The EV maker's sales picked up as deliveries ramped up for the next-generation version of its ES6. It also began deliveries last month for its ET5 Touring and its totally overhauled ES8 SUV. Nio also has joined the EV price war started by Tesla, after long insisting it wouldn't do so. On June 12, the maker of premium EVs slashed prices by 30,000 RMB (roughly $4,200). (As of Jun 30, 2023)

@Paul 的不可思议: So many purchases, or so many drops? Can't read.

7. C6L - Buzzing Stars: ⭐⭐⭐

$SIA (C6L.SG)$ shares weekly % chg rose by 1.96% to $7.29. The company's market cap stands at $16.1 billion. Operational metrics such as load passenger factor (PLF) almost tripled year on year to reach a new high of 85.4% while financial metrics such as revenue and net profit soared. (As of Jun 30, 2023)

@KingKhongWS: Today’s Possible Outcome, based on today’s morning experience.

8. SPCE - Buzzing Stars: ⭐⭐⭐

$Virgin Galactic (SPCE.US)$ shares weekly % chg decreased by 8.27% to $3.88. The company's market cap stands at $1.1 billion. That's kind of a surprise given that last week was a pretty great week for Virgin Galactic on the news front. The company finally after years of waiting launched a revenue generating commercial space tourism flight, and brought all three of its passengers back home safe and sound. (As of Jun 30, 2023)

@Jdezzy: They have another flight scheduled early August and then one every month after. i think this is driven down so big money can accumulate.

9. BDRX - Buzzing Stars: ⭐⭐⭐

$Biodexa Pharmaceuticals (BDRX.US)$ shares weekly % chg decreased by 0.15% to $0.0686. The company's market cap stands at $2.93 million. A look at the stock’s price movement, the close in the last trading session was $0.0686, moving within a range at $0.0655 and $0.071. Turning to its 52-week performance, $20.80 and $0.06 were the 52-week high and 52-week low respectively. Overall, BDRX moved -18.33% over the past month.. (As of Jun 30, 2023)

@Biff: I still love how someone snuck in a sell at the close yesterday to make this look like it closed down when it was climbing all day.

10. AMD - Buzzing Stars: ⭐⭐

$Advanced Micro Devices (AMD.US)$ shares weekly % chg rose by 2.4% to $113.91. The company's market cap stands at $183.44 billion. Advanced Micro Devices was overshadowed by its biggest competitor, Nvidia, earlier this year. Nvidia gained investors' support with its position as the primary supplier of graphics processing units (GPUs) to OpenAI's ChatGPT. However, AMD has since made AI its primary focus, which could see it eventually surpass or at least equal the competition. (As of Jun 30, 2023)

@SpyderCall: These two are in the semiconductor space. This sector is in full rally mode, so going short on either of these names would seem irrational.

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!✨ @Kopikarp @Milk The Cow @Mcsnacks H Tupack @HuatLady @cola1010 @HuatEver @151324912

📮 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!

When will AI bear financial fruit?

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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Kopikarp : AI is already bearing financial fruits across various sectors, and its full potential is expected to be realized gradually. Although AI could eventually deliver significant annual gain increases estimated to be in the trillions, the realization of these benefits will require substantial investment, innovation, and concerted efforts.

Thus, while the speed of AI's benefit realization will differ for each company based on their specific AI use cases, their AI maturity, and their capacity for technological adaptation, the rewards that AI offers will generally not be an instant windfall. Instead, the benefits will gradually accumulate over time, contributing to each company's sustainable long-term growth. This trajectory underscores the importance of AI not just as a short-term profit booster, but as a cornerstone for sustained competitiveness and future growth.

As we look towards the second half of this year, the upcoming earnings reports and strategic roadmaps from companies will provide insights into their individual AI trajectories. These will offer a clearer understanding of the pace at which we can expect AI's transformative financial impacts to materialize across various sectors of the economy.

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Wilhelm : At present, the EV and consumer electronic product markets have a huge demand for AI chips, and there will certainly be a certain shortage of the current production capacity. If you believe that" you reap what you sow", then now is the harvest time.

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Mcsnacks H Tupack : End of next week. A news announcement geared toward the fall semester and new school year on how AI will start being integrated into learning on a broader scale and reach. $CXApp (CXAI.US)$ and $SAI TECH Global (SAI.US)$ will see significant gains coming.

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102392341 : It has already given out fruits recently ! Many has profited from the hype.

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Milk The Cow :

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Milk The Cow : I think A.I may has already starting to bear financial fruit. Big companies are already starting to integrate A.I, so... I guess most companies are not willing to lose out, so A.I is their way .

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CasualInvestor :

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CasualInvestor : Feel like bearish is coming maybe mid July.
Based on my own opinion. been having this gut feeling recently. AI rally won’t hold forever…

Plus all the looming news sounds more bad than good.

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GodSpeed289 : The success of enterprises with artificial intelligence (AI) is often tracked by looking at its adoption within organizations. Adoption is a valuable metric to track, but it doesn't tell the whole story. AI delivers on its promise only when it generates Return on Investment (ROI). Setting the right AI foundation is the surest way companies can achieve true strategic value and successfully realize strong ROI from AI implementations.

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agar agar : We’re only beginning to see the fruits of AI, namely the generative AI with ChatGPT and etc. this will continue to drive AI. New AI initiatives will appear with now more fundings in this area. This week, WEF announced the top 10 trends for 2023 and AI facilitated healthcare is the other space to watch.

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