2024 Half-Year Recap: Top 5 headlines making market marvels!
Hi, mooers!![]()
As the first half wraps up, we witnessed a series of remarkable events in the stock market that have captured the world's attention! The US stock market has maintained momentum, from the AI boom to meme stocks mania, the US election year, and the expectations of rate cuts; these events have created a lot of buzz.
As the first half wraps up, we witnessed a series of remarkable events in the stock market that have captured the world's attention! The US stock market has maintained momentum, from the AI boom to meme stocks mania, the US election year, and the expectations of rate cuts; these events have created a lot of buzz.
Now, let’s take a trip down memory lane and revisit these key moments that have shaped our shared experiences.![]()
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● TOP1-Amid AI Boom, Nvidia Claims the Throne
The biggest trend in the market in the first half of 2024 was clearly AI, with $NVIDIA (NVDA.US)$ being bellwether and benefiting from the generative AI boom. Its Q1 revenue was up 262% to $26 billion, and a 10-for-1 stock split in June further boosted its stock.
The biggest trend in the market in the first half of 2024 was clearly AI, with $NVIDIA (NVDA.US)$ being bellwether and benefiting from the generative AI boom. Its Q1 revenue was up 262% to $26 billion, and a 10-for-1 stock split in June further boosted its stock.
Shortly afterward, Nvidia's market cap passed $3 trillion, and it was once the world's most valuable company, surpassing Microsoft and Apple.![]()
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The race to the $4 trillion mark continues to captivate the market.
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Tips:
As the debate heats up over which tech titan will first cross the $4T market cap threshold—Nvidia, Apple, or Microsoft—try the "Stock Compare" feature now. With a few taps, you can evaluate various financial metrics and market indicators among different stocks, making it a breeze to analyze their race toward this historic milestone. Let's see how these industry leaders stack up against each other. Try it>>
Tips:
As the debate heats up over which tech titan will first cross the $4T market cap threshold—Nvidia, Apple, or Microsoft—try the "Stock Compare" feature now. With a few taps, you can evaluate various financial metrics and market indicators among different stocks, making it a breeze to analyze their race toward this historic milestone. Let's see how these industry leaders stack up against each other. Try it>>
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
@mr_cashcow
Here are the many reasons why Nvidia could become the most valuable company and surpass a $4Trillion market cap... View more>>
@Ahmad Fidauddin
Given these factors and the stock’s adjusted lower price post-split, it could be a good time to look into NVIDIA. The company's position as a leader in AI and data centers, combined with its strategic market moves and strong financial performance, make it a potentially lucrative investment opportunity. View more>>
@Capoo
I bought NVIDIA at peak on late March 2024. Share some experiences, the first thing is that NVIDIA is a great stock, time always fix a great stock. Second thing is just be lazy, play your games do other stuff go dating, come back on August 15th Q2 earnings report. The more lazy and patient you are, the more likely you are going to earn money off the hands of impatient and hardworking people. View more>>
● TOP2-'Roaring Kitty' Returns, Sparking Meme Stocks Craze
On May 13, "Roaring Kitty" returned to platform X after three years, triggering a short-squeeze frenzy and bringing back meme stock mania.![]()
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On May 13, "Roaring Kitty" returned to platform X after three years, triggering a short-squeeze frenzy and bringing back meme stock mania.
Throughout May, $GameStop (GME.US)$ soared by 108%, while $AMC Entertainment (AMC.US)$ increased by 47%. The excitement continued as Keith Gill's live streams further fueled market euphoria. $Faraday Future Intelligent Electric Inc. (FFIE.US)$ also saw an explosive rise, surging 367% on May 14, making the market "wowww"!📣📣📣
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
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Mooers' takeaways:
@Justin Brewer
@Justin Brewer
I like the stock, and I want to believe in Ryan Cohen. Now, after three years and with $4 billion in cash, it is the time him to step up and make retail shareholders BELIEVE in him 💎🤲💎. View more>>
@Mr Long Term
AMC has seen some recent strength in its blockbuster movies and foot traffic metrics. But despite record recent volumes, there’s simply not enough here for investors to jump aboard and buy into this flailing business model. View more>>
● TOP3-Bitcoin ETFs Approved, Halving Done
In the first half of 2024, Bitcoin experienced a rollercoaster ride. A significant milestone was the approval of spot Bitcoin ETFs in the US on January 10, which attracted substantial capital inflows, driving up BTC prices and boosting related crypto stocks. The halving event in April also served as a bullish catalyst, propelling Bitcoin past the $72,000 mark to a new all-time high.🚀🚀🚀And now Bitcoin has jumped back around $55,000 to kick off the second half of 2024.
In the first half of 2024, Bitcoin experienced a rollercoaster ride. A significant milestone was the approval of spot Bitcoin ETFs in the US on January 10, which attracted substantial capital inflows, driving up BTC prices and boosting related crypto stocks. The halving event in April also served as a bullish catalyst, propelling Bitcoin past the $72,000 mark to a new all-time high.🚀🚀🚀And now Bitcoin has jumped back around $55,000 to kick off the second half of 2024.
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
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Mooers' takeaways:
@Joy Boy Myth
@Joy Boy Myth
After Halving is sideways first, took 6-18 months to reach its peak cycle. I believe this is just a start of a new rally for BTC and Crypto, historical data told us it took 6 - 18 Months after halving for BTC to reach the peak price. This cycle is kinda special, before halving BTC has hit a new all time high. I currently still learning and wanted to always learning since the META in Crypto space is keep changing, the strategy, the hype, the utility. But I got good gain, two rugpull, one scam honey pot, hope can hold and keep add until the peak of bullrun(cycle) end of this year or mid 2025. View more>>
@AkLi
I ultimately think the approval of the SEC is a great thing for Bitcoin; we just need to see what happens as a result of the ability to now "trade BTC" through ETFs. View more>>
● TOP4-Rate Cut Hopes, U.S. Indexes at Record Highs
Since 2024, the Federal Reserve's battle against inflation has captured the market's attention. Despite CPI stabilizing at 3%-4%, a March price spike in gas and housing dims the June rate cut hopes.
Since 2024, the Federal Reserve's battle against inflation has captured the market's attention. Despite CPI stabilizing at 3%-4%, a March price spike in gas and housing dims the June rate cut hopes.
On May 15, US stock indexes rallied, with the $S&P 500 Index (.SPX.US)$, $Dow Jones Industrial Average (.DJI.US)$, and $Nasdaq Composite Index (.IXIC.US)$ posting all-time highs,![]()
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driven by rising bets of interest rate cuts. Central banks in Canada and Europe are also starting a rate-cutting cycle. On June 13, the Fed maintained its rates for the seventh time, hinting at just one cut this year.
When will the Fed cut rates? Stay tuned as we head into the latter part of the year.
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Tips:
Don't forget to stay informed of the "Economic Calendar" promptly to get real-time updates on interest rate cuts. In addition to that, there are many other major economic events that can help you better seize investment opportunities and manage risks.
@Cow Moo-ney
S&P500 hit another all time high. I can’t remember how many times had it hit record high this year. A slightly weak labor market data has also given investors some hope that the Federal Reserve might lower interest rates soon. View more>>
@SpyderCall
Personally, I believe that the economy is in the perfect spot for the Fed to successfully achieve their dual mandate. So, they have no reason to make any changes to monetary policy until something breaks. View more>>
● TOP5-Tesla Struggles as Sales Fall and Musk Bets on AI
$Tesla (TSLA.US)$ faced headwinds in 2024 with declining sales and rising competition, leading to a 20.36% stock plunge in H1. A seven-day slide in April saw its stock hit a low not seen since January 2023. Concerns mounted over weak Q1 deliveries and a Cybertruck recall.
$Tesla (TSLA.US)$ faced headwinds in 2024 with declining sales and rising competition, leading to a 20.36% stock plunge in H1. A seven-day slide in April saw its stock hit a low not seen since January 2023. Concerns mounted over weak Q1 deliveries and a Cybertruck recall.
However, a plot-twist has been sparked. Tesla stock soars on a better-than-expected Q2 deliveries report, and ends its first week in the second half of 2024 with a 27% rally, wiping out the loss for the year.
*Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
Tips:
Amidst Tesla's market rollercoaster, savvy investors seek expert insights. Tap into our app's "Analyst Ratings" feature for a quick consensus. JPMorgan sees a sell with a $115 target, DBS advises holding, and CCORF ups their buy target to $254. Cut through the noise with clear, aggregated analyst ratings and chart your next move with confidence. Let's peek at Tesla's forecasted road ahead. Tap to dive in>>
Tips:
Amidst Tesla's market rollercoaster, savvy investors seek expert insights. Tap into our app's "Analyst Ratings" feature for a quick consensus. JPMorgan sees a sell with a $115 target, DBS advises holding, and CCORF ups their buy target to $254. Cut through the noise with clear, aggregated analyst ratings and chart your next move with confidence. Let's peek at Tesla's forecasted road ahead. Tap to dive in>>
@nerdbull1669
With the development in the FSD now, we are seeing more and more EV makers going into development following Tesla’s end to end model. If we look again at Tesla’s estimated target price, I believe above $200 is possible. View more>>
@ZZZZakk
Tesla stock dip📉！Keep an eye👀 on this ETF as an alternative to put options 📈. The TSLS ETF, short for " $DIREXION DAILY TSLA BEAR 1X SHARES(TSLS.US)$ ," aims to track negative performance in Tesla's stock price. It typically achieves this through futures, derivatives, or other short-selling strategies. This type of ETF may include stocks of Tesla's competitors or related industry companies to amplify the bearish effect on Tesla.🙌😎😍 View more>>
💡The apple of your eye is NOT on the list? Share your pick in the comment area below!
We're eager to hear more about your trading journey on moomoo: what unique experiences have you had, and how did you gain in the market? Join the discussion and review your trade performance in the first half 2024 together!![]()
We're eager to hear more about your trading journey on moomoo: what unique experiences have you had, and how did you gain in the market? Join the discussion and review your trade performance in the first half 2024 together!
Disclaimer:This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Before investing, please consult a licensed professional. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Mr Trecherous :
Kasin : cool
GeorgeOw : bad timing to get into Nvidia now. Intel will have better upside than this.
Spread Love N Joy GeorgeOw : And here you are still holding NVDA when you can sell anytime and buy Intel.
GeorgeOw : I don't chase after Nvìdia and hold nothing. But I have picked a fair bit of Intel in the last few months.
72791323 GeorgeOw : Spreading love and joy but talking smack to strangers on a trading message board
TheZooman22 : I have been in NVDA for a long time. I figured it was a cool way to play the crypto game.
Teh Tarik Invest : I think $NVIDIA (NVDA.US)$ will touch 10 trillion market cap in 4 years
Ken-Opulence : Strongly advise again , stay away from this all junk market (Hong Kong & China), save your life save your hard earned money.
If you really FOMO, simple, place your short position everyday, at least 70% chance can unlock handsome profit from this Honour by "The King of Junk Market".
Laine Ford : I like that