Weekly Buzz: Jobs to propel U.S. stock market in July?
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! 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.)
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💡 Buzzing Stocks List & Mooers Comments
Last Friday, Wall Street drifted to a mixed finish after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher. U.S. employers added 209,000 jobs last month, a slowdown from May’s hiring of 306,000. The S&P 500 lost 0.3% to 4,398.95, though slightly more stocks within the index rose than fell. The Dow Jones Industrial Average gave up 0.6% to 33,734.88, and the Nasdaq composite edged 0.1% lower, to 13,660.72. (As of July 7, 2023)
🚌 Weekly Buzz
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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. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
$Tesla(TSLA.US$ shares weekly % chg decreased by 0.57% and closed at $274.43 last week. Tesla has reportedly finalized the design of its next generation mass market vehicle, tentatively dubbed the Model 2, and it will be the "best" and "most economical" electric vehicle globally. (As of July 7, 2023)
@ZnWC: Mizuho analysts increased Tesla's target price to $300 from $230 and maintained his Buy rating.
2. MULN - Buzzing Stars: ⭐⭐⭐⭐
$Mullen Automotive(MULN.US$ shares weekly % chg decreased by 13.42% to $0.1919. The company's market cap stands at $46.74 million. At the same time, shares of MULN are still down by over 95% year to date. Mullen believes that something sinister may be at play here. Indeed, the company recently retained Christian Attar, formally known as Christian Levine Law Group, to assist with its market manipulation and naked short selling investigation. (As of July 7, 2023)
@Questionable Invts: Mullen Automotive to long-term investors, who are continuously averaging down & holding.
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
$AMC Entertainment(AMC.US$ shares weekly % chg decreased by 2.58% to $4.2. The company's market cap stands at $2.18 billion. Arbitrage traders are betting that AMC and APE will converge in price once the preferred equity units are converted to common shares. Wall Street analysts, including the team at Citigroup — believe that the Delaware Chancery Court will approve the settlement of a class-action lawsuit seeking to prevent the conversion of the APEs. Given AMC's short-squeeze potential, betting against the theater chain's common shares is risky right now. (As of July 7, 2023)
@sincere Dove_0543: I remember when I would get all upset for the price dropping. No I watch and wait with my thousand shares and Any time it drops belot 4, I buy more.
4. C6L - Buzzing Stars:⭐⭐⭐⭐
$SIA(C6L.SG$ shares weekly % chg rose by 0.14% to $7.33. The company's market cap stands at $16.11 billion. At the most recent price, the company's dividend yield is 5.29%. Additionally, the company's dividend payout ratio is 1.14. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. (As of July 7, 2023)
@Zeff The Great: Airline stocks’ performance across Asian countries.
5. NIO - Buzzing Stars: ⭐⭐⭐
$NIO Inc(NIO.US$ shares weekly % chg rose by 4.39% to $9.99. The company's market cap stands at $17.17 billion. Chinese electric vehicle (EV) automaker NIO has recently unveiled a 150 kWh solid-state battery pack, which is expected to deliver a remarkable driving range of 1,000 km (620 miles). This groundbreaking development in battery technology has the potential to revolutionize the EV industry. (As of July 7, 2023)
@Teck Wang Pang: Good durable and quality car should give a peace of mind owing it.
6. TTOO - Buzzing Stars: ⭐⭐⭐
$T2 Biosystems(TTOO.US$ shares weekly % chg rose by 29.64% to $0.115. The company's market cap stands at $2.86 million. The company issued 1,000 Series A Preferred stock for a purchase price of $100.00. The Series A preferred shares represent an aggregate of 400,000,000 votes and are allowed to vote only on reverse stock splits in the same capacity as the company’s common stock. On the other hand, the company also issued an aggregate of 48,345,798 shares of Common Stock and an aggregate of 93,297.26 shares of newly designated Series B Convertible Preferred Stock in exchange for the lenders cancelling $10.0 million of its outstanding loan under the loan agreement. The conversion reduces the outstanding principal amount of the term loan by $10M, or ~20%, in exchange for 48.35M shares of T2 Biosystems common stock. Despite converting a substantial amount of its debt into stock, the Dec. 30, 2024, interest-only period end and maturity date of the term loan remained the same. (As of July 7, 2023)
@Biff: Looking for TTOO to continue Upwards.
7. AAPL - Buzzing Stars: ⭐⭐⭐
$Apple(AAPL.US$ shares weekly % chg decreased by 0.47% to $190.68. The company's market cap stands at $3 trillion. Apple Inc (AAPL) stock is lower by -0.46% while the S&P 500 is lower by -0.04% as of 11:08 AM on Friday, Jul 7. AAPL is lower by -$0.89 from the previous closing price of $191.81 on volume of 12,688,436 shares. Over the past year, the S&P 500 has risen 13.00% while AAPL is up 30.45%. AAPL earned $5.89 per share over the last 12 months, giving it a price-to-earnings ratio of 32.45. (As of July 7, 2023)
@ehttrader: Apple’s Vision Pro Will Take Far Longer Than iPad, Watch to Spur Big Revenue.
8. PWM - Buzzing Stars: ⭐⭐⭐
$Prestige Wealth(PWM.US$ shares weekly % chg rose by 210.2% to $19.09. The company's market cap stands at $171.81 million. PWM launched its IPO, with the company pricing the IPO of 1 million ordinary shares at $5 each. The firm stated that it intends to utilize the funds raised from the IPO “for brand promotion, hiring of additional client relationship managers and employees, expansion of products and services, and general working capital.” (As of July 7, 2023)
@Alvinnnnnnn89: Support 14 and it could go anyway if u wan to risk managed ur owned risk , if this break 24 it will go full break parabolic.
9. META - Buzzing Stars: ⭐⭐⭐
$Meta Platforms(META.US$ shares weekly % chg decreased by 0.56% to $290.53. The company's market cap stands at $745.31 billion. For social media start-ups, attracting an audience is crucial to scaling a new product but it can be near impossible to lure loyal users away from other platforms. Meta's Threads doesn't have that problem. Launched July 5, the new microblogging site, touted as a brand-friendly alternative to Twitter, is leveraging Meta's existing reach to attract users from other platforms it owns. (As of July 7, 2023)
@Cramer ETF: Meta Platforms Inc.Threads Could Invite Lawsuits.
10. NVDA - Buzzing Stars: ⭐⭐
$NVIDIA(NVDA.US$ shares weekly % chg rose by 1.12% to $425.03. The company's market cap stands at $1.05 trillion. Penserra Capital Management LLC grew its holdings in NVIDIA Co. by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,166 shares of the computer hardware maker's stock after acquiring an additional 11,443 shares during the period. Penserra Capital Management LLC's holdings in NVIDIA were worth $23,653,000 as of its most recent SEC filing. (As of July 7, 2023)
@FiveHundredCents: History Says Big Tech’s Rule Over US Stocks Shouldn’t Be Feared.
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Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week! @Kopikarp @Wilhelm @Mcsnacks H Tupack @Milk The Cow @CasualInvestor @Godspeed289 @agar agar @ZnWC @shijianwei404 @HuatLady @HuatEver @cola1010
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Will you invest in chip stocks or EV stocks and why?
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CasualInvestor :
CasualInvestor : I strongly believe to invest in companies that I agree with their long term business goals. Thus EV such as $Tesla (TSLA.US)$, Gadgets such as $Apple (AAPL.US)$ (not so certain on the vision goggles
) are stocks I will invest in.
Just seems too high for me now. Thinking of waiting out especially after the looming Fed rate announcement end July.
Short swings on stocks for the short term but I’m definitely feeling bearish for the long term.
Mcsnacks H Tupack : Top chip stock for the July is $Intchains Group (ICG.US)$. Can get in at the lowest of all investors at 5.81. Just needs news and volume
kitword : too many uncertainty eg war,
geneviL : Compared to investing between electric cars and chips, I tend to invest more in electric cars. The difference between the two is that chip companies have a strong government shadow, and government policy intervention will directly affect the prospects of chip companies. However, electric cars will be more open, and cars and car companies will kill each other. Company executives will also fight for survival. It is only under such circumstances that the true value of the company can be revealed.
Milk The Cow :
Milk The Cow : I don't think I'll invest in EV temperory for now![[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")
. But, nope 
to me for now.
Economy is quite uncertainty with high interest rate even though data show US strong economy for now...
Also, I EV stock does not look cheap to me
If got cheap then buy lor
depent CasualInvestor : Tsla's position now has a bit of an opportunity, but they need to put in a good stop loss
CasualInvestor depent : Agree stop loss is important.
Moojobrew : my answer is Yes to being optimistic of the stock market. I couldn't figure out how to answer it at the post.
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