Happy Friday, mooers! Welcome back to Weekly Buzz, where we ...
Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the top stocks on moomoo platform based on search and message volumes this week! Answer the Weekly Topic question for a chance to win an award next week!
Kevin Travers- moomoo news
Weekly Buzz
More than half of the market has reported earnings so far, a busy and severe season that saw dramatic price drops in reaction to anything but perfection.
The market shifted red mid day, but moved flatter before the close. The $S&P 500 Index (.SPX.US)$ climbed 1.859% for the week and 0.16% Friday, the $Dow Jones Industrial Average (.DJI.US)$ climbed 2.16% for the week and 0.32% Friday , and the $Nasdaq Composite Index (.IXIC.US)$ climbed 1.14% for the week and traded -0.03% Friday.
In Macro This week:
Friday, May Preliminary University of Michigan Consumer Sentiment came in at 67.4 vs. expected 76.2, and prior 77.2. The sentiment segment of Michigan data reflects current feelings, while expectations of the future also came in lower than forecast a 66.5 compared to 75, and previous 76. The data released showed consumers expect one year inflation to rise at 3.5%, and five year inflation to rise at 3.1%.
Friday, May Preliminary University of Michigan Consumer Sentiment came in at 67.4 vs. expected 76.2, and prior 77.2. The sentiment segment of Michigan data reflects current feelings, while expectations of the future also came in lower than forecast a 66.5 compared to 75, and previous 76. The data released showed consumers expect one year inflation to rise at 3.5%, and five year inflation to rise at 3.1%.
Federal Reserve Governor Michelle Bowman also spoke Friday in prepared remarks to the Texas Bankers Association. She said caution was going to be vital.
"When effectively implemented, monetary policy promotes price stability and maximum employment," Bowman said. "In the long run, achieving both of these objectives promotes the stability of the broader financial system."
Weekly Jobless Claims came in high at 231k Thursday morning, data from the U.S. Department of Labor showed. The sudden uptick of unemployed is the highest since August. Investors expected 212k.
Federal Reserve Bank of Boston President Susan Collins spoke at an MIT event Wednesday, where she signaled interest rates will likely need to be held at a two-decade high for longer than previously thought, Bloomberg reported.
Tuesday, Fed's Kashkari said that one rate cut is still possible this year, which is a dramatic change from the CME FedWatch futures pricing just last month. He said that if inflation stays the same and labor stays strong, rates should stay the same, too.
At the end of the week, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ was 4.86, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ was 4.50.
Weekly Recap:
The market stayed in the positive Monday after closing out two full weeks in the green for the major indexes.
The market stayed in the positive Monday after closing out two full weeks in the green for the major indexes.
When it comes to sectors, as green days regularly go, the Semiconductor Sector was leading the market, up about 2.2%. The sector pulled back last week after $Advanced Micro Devices (AMD.US)$ reported an earnings miss, but the sector rebounded led by Arm, Micron, and AMD. Both oil and gold futures climbed about 1% Monday, after a week or two of declines. Bitcoin had climbed about 3% earlier Monday, but pulled back.
The market generally closed positively on Tuesday, though the tech-heavy Nasdaq index fell from earnings reactions and a pullback in Semiconductors. The sector fell back after news that $Apple (AAPL.US)$ is working on developing its own artificial intelligence chips for data center servers, the Wall Street Journal reported late Monday. The firm also announced the new fourth-generation iPad Tuesday, complete with "AI-enabled" M4 chips. Bitcoin was lower, crude oil futures climbed after falling for four sessions, for the fifth session, while gold and silver fell.
Wednesday the market was flat, but some earnings stood out. $Arm Holdings (ARM.US)$ fell after reporting revenue and EPS beats but low projected revenue in its full year guidance. $Intel (INTC.US)$ slid as the chip maker company offered lower guidance for Q2 after the U.S. revoked export licenses to China.
Thursday saw the market climb in reaction to high weekly unemployment numbers. Gold and silver futures climbed significantly, +1.6%, following the Thursday weekly jobless claims surprise. Any uptick in overall unemployment relatively weakens the dollar, and raises hopes the Federal Reserve will cut interest rates.
Anyway, let's dive into the weekly buzzing stock list of this week:
Palantir was the hot stock this week. The options market blew up over excitement for the firms Monady night earnigns- but shares fell 14% Tuesday after the firm gave guidance that disappointed investors toward a selloff. The firm reported higher sales than analysts expected, at $634.3 million, and a Non-GAAP EPS that met expectations at $0.08.
According to 14 analysts compiled by yahoo finance, the market expects earnings of $0.08 per share, on sales revenue of $625.43M. The firm boosted its full year revenue to $2.68B to $2.69B, around the $2.68B expected, and sees Q3 Revenue $649M-$653M vs. the $653.25M expected.
@102125877: U guys have fun good luck. I'm already empty this stupid stock and move on.
Tesla shares climbed after electric-vehicle giant's chief executive, Elon Musk, seemed to again dispute recent reports that the company's Supercharger EV charging business unit was being shuttered. In a post on Musk's social-media platform X, formerly known as Twitter, he said Tesla would create "thousands" of new EV chargers by spending "well over $500 million" to expand its Supercharger network.
Shares fell Wednesday after renewed reports that he Justice Department was examining whether the firm of Chief Elon Musk made false claims about Full Self Driving. While Tesla has warned drivers to stay ready to take over driving, the justice department is examining other statements by Tesla and Chief Executive Elon musk suggesting its cars can drive themselves.
@intuitive Jackal_354: Biden trying to help tesla
Nvidia was rising early on Friday, but as Barron's writer Adam Clark found, the artificial-intelligence chip maker still looks range-bound between $850 to $950 since late March. The next catalyst is likely to be Nvidia's own earnings report on May 22. That suggests there are "whisper numbers" -- unofficial estimates by analysts that are communicated to some clients -- forecasting growth higher than the published forecasts, wrote Steve Sosnick, chief strategist at Interactive Brokers, in a research note.
"It is too early to say whether there is indeed a 'whisper number' for Nvidia's next report. But it would be concerning if there was even the slightest whiff of concern about a slowdown in the growth rate of AI investment," Sosnick wrote in a research note.
@102067300 : where will it end up in....
Wednesday AMC reported a net loss of $163.5 million, or 62 cents a share. Thursday, the stock fell on the news. On an adjusted basis, AMC reported a loss of 78 cents a share. Analysts surveyed by FactSet expected a loss of 75 cents a share.
The company reported revenue of $951.4 million for the quarter through March, compared with $954.4 million in the same period last year and above analysts' expectations of $881 million, according to FactSet.
@FlaminHotDealz: can amc go to 300
Apple is working on developing its own artificial-intelligence chips for data-center servers, the Wall Street Journal reported late Monday. The Journal, citing sources familiar with the matter, said the project is called 'ACDC' - for Apple Chips in Data Center - and has been underway for several years with partner $Taiwan Semiconductor (TSM.US)$.
@101721316 : hell yeah tables have turn for Apple
Bitcoin pulled back during the week. After the halving April 19th, investors expected a further price climb: the issuance of new tokens in half was cut in half, restricting supply.
Barron's Adam Clark wrote one possible reason, according to J.P. Morgan strategist Nikolaos Panigirtzoglou, is that the halving was already priced in. J.P. Morgan analysts already saw Bitcoin as well above their volatility-adjusted comparison to gold, which would imply prices a $45,000 price. A more bullish explanation could be that previous Bitcoin halvings have led to a more delayed cycle of price rises.
"The recent halving event has led to short-term downward price movements, a pattern observed in previous occurrences. Following this, there is typically a 9--12-month period of upward momentum, leading to the peak of the market cycle," wrote Matteo Greco, research analyst at Fineqia International, in a recent research note.
@小trader : Anyone knows the reason for this dip?
Chinese EV companies faced volatility after a Friday report form the Wall Street Journal that President Biden was considering raising tariffs on Chinese EV imports.
@Crabcrab: Based on past tariff war, China is likely to retaliate by adopting a tic for tac strategy with an equivalence tariff imposed by US.
Wednesday, Arm reported its fourth quarter earnings of $0.36 a share vs. estimates of $0.3 on revenue of $928m vs. $880m estimated. The firm quarter revenue climbed 47% year-over-year, on what it called record royalty revenue, up 37% year-over-year. Still, the firm's guidance for the new fiscal year failed to meet expectations. The firm said it expects full-year revenue between $3.8 billion and $4.1 billion, with a midpoint below estimates that were looking for $3.99 billion.
@FastMoneySnpier: big brother is leaving, party may be over.
Disney shares fell Tuesday following the second-quarter earnings. The company reported revenue growth of 1% year-on-year to $22.08 billion, marginally missing the consensus of $22.11 billion. Adjusted EPS of $1.21 beat the consensus of $1.09. Entertainment revenue declined by 5% year over year to $9.8 billion. Sports revenue grew 2% year over year to $4.3 billion. Experiences revenue climbed 10% year over year to $8.4 billion. In its conference call, the company said that Parks' growth is moderating from peak post-COVID levels.
Wednesday $Disney (DIS.US)$ and $Warner Bros Discovery (WBD.US)$ said they are teaming up to offer a bundle of their streaming services, the latest move by media companies to try to simplify choices in the crowded streaming business.
@Benjamin Simons: easily one of the easiest shorts if that's your thing.
Thanks for reading!
* All comments, links, and content 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 a qualified financial professional for your financial planning and tax situations.
Awards
Congrats to the following mooers with the top comments last week!
Weekly Topic
The U.S. presidential election is coming up this year, and it looks like both candidates will take hard stances on trade and the economy. How will you prepare your portfolio?
Comment below and share your ideas! We will select winners to get 200 points by next week, with which you can exchange gifts at Reward Club. Please feel free to contact us if there is an issue.
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102362254 : Both candidates' policy agendas will significantly impact different sectors of the economy. By analyzing their stances on trade, taxes, and economic stimulus, I aim to safeguard my portfolio's resilience by understanding how these policies could affect specific industries or investments. Although the impending U.S. presidential election introduces added uncertainty, thorough research and strategic adjustments to our portfolio can help mitigate any potential concerns.
mr_cashcow : I will be keeping a close eyes on $Trump Media & Technology (DJT.US)$ if trump wins![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Personal portfolio wise I think I will still go along for a ride with whichever waves comes along
Thanks again for the reward points and congrats to all winners
010Leo : adjust holdings based on their policies. tesla vs nio/xpev. accumulate on weakness solid companies aapl/pltr/nflx/sofi. bet on indexes splg/tqqq/spyv.
HuatEver : With the upcoming US presidential election stirring up uncertainty about trade and the economy, it’s crucial to stay composed when managing your portfolio. Emotional
reactions to election news can lead to impulsive decisions. While no strategy guarantees success, diversifying your investments can help buffer against market turbulence during election cycles. ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
HuatLady : Regardless of the outcome of the US Presidential Election and the decisions made thereafter, I maintain my position as a steadfast long-term investor. My strategy involves accumulating high quality stocks![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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at low prices, prioritizing long-term growth. The primary concern lies in assessing the extent to which changes in policies and regulations will impact the economies. So diligent monitoring of the market is crucial to navigate any potential shifts effectively.
BFSkinner 102362254 : This is AI
ZnWC : 3 hard stances on trade may happen:
1. Fed is determined to bring down inflation to 2%. This implies that the probability of Fed rate cut by the end of the year is slim and we may not see QE policy coming anytime sooner.
2. US- China tension will continue. The question remains if the 2 countries will decouple. I don't think it will deteriorate further after the US election but no one is 100% sure.
3. US economy slipping into stagflation - probability is low but is still possible if a black swan event occurs.
My investment portfolio is based on the following principles which are adjusted quarterly:
1. No one can be 100% prepared for volatility risk hence I buy stocks within my means.
2. Know the objective of my investment - long or short term, P/L limit, rationale of buying a stock etc.
3. Split my portfolio based on risk level. About 10% will be invested in high risk securities. This cap is important to avoid YOLO or FOMO buy (greed) but at the same time be prepared to reap a profit if the stock market rallied.
4. Always prepare an Emergency Fund (EF) currently at 6 months. EF is an important tool to avoid panic sell (fear).
5. Diversify my investment - a portion will go into earning passive income like Moomoo cash plus fund, government saving bond or T- bill, stocks to earn dividend, property to earn rental income, sell covered call at calculated risk etc
Disclaimer: The above is not financial advice - for educational purposes only. Always DYODD. Selling options is a high risk investment and may result in unlimited loss if you don't know what you are doing.
DavidCCL : No matter who win, the world isn't going to be better. Both will continue to stir shit, mess up the world's economy, intervene into other countries internal affairs and create more conflicts between countries in order to maintain their global leadership position.
Popular on moomoo OP BFSkinner : haha most likely yeah
Paul Bin Anthony : very helpful thanks again for your wonderful comments today