Aussie Weekly Buzz: Are you on the ride of $TSLA$?
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Welcome back to AU Weekly Buzz, where we review the news, performance, and community sentiment of the top ten buzzing stocks on moomoo based on search and message volumes! Comment below to answer the Weekly Topic question for a chance to win an award!
Let's dive into the buzzing stocks last week!
1. TSLA Buzzing Stars:⭐⭐⭐⭐⭐
$Tesla(TSLA.US$ has experienced significant volatility recently. Despite a weaker-than-expected Q1 2024 earnings report, Tesla shares have seen a strong rally. The stock surged approximately 27% last week due to better-than-expected second-quarter vehicle deliveries, which reignited investor confidence. This rally has helped Tesla's stock to wipe out its losses for the year.
it’s consolidatiting to go to $290 potentially reaching $300 in the near future then earnings will catapult it pass $350 a lot of investor interest around Tesla its been down far too long!!!
2. NVDA Buzzing Stars:⭐⭐⭐⭐
$NVIDIA(NVDA.US$ has been performing well, driven by strong demand for its GPUs and AI products. The company continues to benefit from the ongoing AI boom and the growing demand for high-performance computing. NVIDIA's financial performance has been robust, with recent quarters showing substantial revenue growth and profitability.
A lot of people think Nvidia is overvalued or a bubble, but I think Nvidia will easily get to $150 by the end of July or beginning of August and $200 by the end of the year.
3. AAPL Buzzing Stars:⭐⭐⭐⭐
$Apple(AAPL.US$ remains a strong performer in the tech sector, supported by its diverse product portfolio and ecosystem. The company's recent earnings reports have shown solid performance, with growth in services and wearables offsetting some of the slower growth in iPhone sales. Apple continues to innovate with new product launches and services, maintaining a strong market presence.
Apples charts and fundamentals are extremely strong. All moving averages pointing up!
4. AMD Buzzing Stars:⭐⭐⭐⭐
$Advanced Micro Devices(AMD.US$ has been gaining market share in the semiconductor industry, particularly in the CPU and GPU markets. The company's recent financial performance has been strong, with significant revenue and earnings growth. AMD continues to benefit from its competitive product offerings and strategic partnerships.
Is there a giant symmetrical (or asymmetrical) triangle closing to our immediate front? That would signal a coming period of significantly increased volatility.
5. BHP Buzzing Stars:⭐⭐⭐
$BHP Group Ltd(BHP.US$ recently submitted an Environmental Impact Statement to advance a truck transportation system based on electric trolleys at its Escondida mine in Chile, demonstrating a push towards more sustainable operations. However, BHP also faces legal action related to the Mariana dam disaster in Brazil, which could potentially result in a $36 billion payout if the claimants are successful. Financially, BHP has reported strong performance, including a robust dividend and significant contributions in taxes and royalties, reflecting disciplined cost management and operational efficiency.
Times are too good to take the risk buying BHP but load up the truck when the inevitable cyclical downturn arrives.
6. BTC Buzzing Stars:⭐⭐⭐
Bitcoin dipped to about $53,600 on July 4, the first time since Feb. 25, according to crypto markets data provide CoinMarketCap. The asset regained some lost ground to more recently change hands at roughly $56,750 but is off 23% from its all-time high above $73,000 in March.
The latest decline comes amid continued liquidations by BTC miners and other large bitcoin holders, including Germany and the U.S., which have recently sent more than $700 million bitcoin seized to exchanges. Spot bitcoin ETFs manage about $50 billion in assets, with the total fluctuating according to bitcoin's price. On the other side, United States-based Spot Bitcoin ETFs experienced a surge in inflows on July 6.
Anyway, now that the biggest seller is gone, less chance of negative news and the bulls can get to work again
7. AMZN Buzzing Stars:⭐⭐⭐
Amazon has faced some challenges recently, including regulatory scrutiny and increased competition in the e-commerce and cloud computing sectors. However, the company's long-term growth prospects remain solid, driven by its dominant position in e-commerce and AWS, its cloud computing arm. Amazon's focus on innovation and expansion into new markets continues to support its growth.
It doesn't disrupt but enhances them on both the revenue side (AWS) & the cost side (e-commerce).
8. FUTU Buzzing Stars:⭐⭐⭐
$Futu Holdings Ltd(FUTU.US$ announced its wealth management business surpassing $10 billion in AUM last week. Futu’s wealth management platform offers mutual funds, private funds, bonds and structured notes to clients in Hong Kong and Singapore. In addition, Futu’s fully-owned subsidiary, Moomoo Securities Malaysia Sdn. Bhd., has recently received approval for Institutional UTS Adviser (“IUTA”) registration from Federation of Investment Managers Malaysia (“FIMM”) to distribute wealth management products in Malaysia.
Nice gap up on the daily. Let's see if this move has legs to assault 81.00 level...
9. MSFT Buzzing Stars:⭐⭐⭐
$Microsoft(MSFT.US$ has been performing well, with strong growth in its cloud computing business (Azure) and continued strength in its software products. The company's recent financial results have been positive, reflecting strong demand for its cloud services and productivity tools. Microsoft's strategic focus on AI and cloud computing positions it well for future growth.
$Microsoft(MSFT.US)$ is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorized physical retailers in the world's second-largest economy.
10. META Buzzing Stars:⭐⭐
Shares of Facebook and Instagram parent Meta Platforms $Meta Platforms(META.US$ soared 5.9%, marking last Friday's top performance in the S&P 500 and posting the stock's highest-ever close. The gains came amid optimism that Meta's massive investments in AI technology could be starting to flow through into revenue gains, with analysts at Bernstein recently indicating that AI-driven algorithms are increasing the time spent by users in Meta's apps.
I am just trying my bet with META. Impossible to reach 1000 by EOY. Still fun to anticipate.
🎁 Awards
Congrats to the following mooers whose comments were selected as the top comments last week! 🎉
Weekly Topic
Do you think the upward trend of Tesla's price a timing for cash-out? Tell me what you think about it.
Comment below and share your ideas! We will select up to #15 TOP COMMENTs for a reward next week. Winners will get #200 POINTs by next week, with which you can exchange gifts at Reward Club (moomoo - Me - Redeem Points).
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mr_cashcow : Thanks again for the reward points!
Competition: Strong head on competition in the EV market from established players such as BYD
Regulatory Changes: Shifts in government policies, incentives, or trade agreements that could impact Tesla's business as the USA presidential election takes place end of the year
Global Economic Conditions: Economic downturns or recessions that could affect consumer spending and demand
As usual following the buy low & sell high strategy, now it definitely the time to take some profit as the saying goes u nv go broke by taking profit!
Not to mention the road ahead may prove to be difficult due to the following reasons:
Disclaimer: All the above are purely for educational purposes and are NOT financial advises, plz DYOR/DD
RampageBull_Nexus : Thanks!!
AL3 going back downward up to 15-10% another few days before going back to the moon!
ZnWC : Thanks for the rewards points
Despite the Q2 2024 delivery being -5% YoY, the share price has risen more than 20% in 4 trading days . It was reported that short sellers had lost $3.5 billion in the first 2 trading days after the delivery results.
The company is reporting the earnings in about 2 weeks (on 23 July) and many analysts have predicted a significant drop in the earnings per share or EPS YoY due to the fierce competition for EV market share globally. Despite indicators saying the stock is overbought and a pullback is imminent, the share price continues uptrend.
The bulls (continue to hold) think Tesla has growth potential and the stock value will increase 2-5 times once the autonomy is fully solved and Optimus in volume production. They believe that the company is more than a car maker.
The bears (sell to take profit or short sell) think Tesla is losing EV market share globally. It has a high p/e ratio and EPS is declining due to price cutting. They believe Tesla is just a car making company.
I think it depends on what you believe - bull or bear. But you need a big risk appetite and strong heart to invest in this stock.
Disclaimer:The above is not financial advice and DYODD if you want to invest in the stock.
JulW21 : It all depends on your own study on Tesla company. Do you believe in Elon? Has it reach your TP point? Do you see future in Tesla?
For me, if it reach my desire % of profit, I wall sell high to cash in the profit.
102362254 : I believe in Tesla's long-term potential and am committed to my investment strategy that prioritizes holding for the long haul rather than timing the market for a cash-out. My focus remains on Tesla's continuous growth and innovation trajectory. The current upward trend in Tesla's price reinforces my confidence in its future prospects to remain invested.
redevilgiggs :
yoongmy : High chance it will pump till 300 before earning.
DouGiee : NVIDIA COOKING THIS WEEK!
Wonder : The upward trend of Tesla price is testimony to the confidence of investors on the stock and Elon Musk's ability to steer the company in the right direction after a period of lagginess. If target price is met, it would be discipline to cash out on profits on a certain proportion set out when planning the trade and look for opportunities to re-enter.
Christine Cain : Trying to buy fraaction al shares. It won t let me…. Does it have to do with me having a margin account ?
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