Weekly Buzz: A busy four days
Happy Saturday, mooers! Welcome back to 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!
I am back from holiday- I was out of town visiting London, Wales, and Iceland!
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Weekly Buzz
It was a long, short trading week, with a closed market on Wednesday that investors traded around to push the Nasdaq and S&P 500 to fresh highs. Nvidia, Microsoft, and Apple fought for the spot of #1 by market cap, with Nvidia pulling ahead briefly on Tuesday.
Nvidia pulled back Thursday and Friday, giving back its top position.
In macroeconomic news, Boston Federal Reserve Bank President Susan Collins said Monday rate cuts would be cautious, while Philadelphia Federal Reserve Bank President Patrick Harker said one rate cut "would be appropriate by year's end." Minneapolis Fed President Neel Kashkari said the Fed won't cut rates until December over the weekend.
Tuesday, U.S. retail sales rose 0.1% in May, Department of Commerce data showed. That missed estimates that called for a 0.2% increase. Thursday, Initial claims for unemployment benefits rose to 238,000, according to the Department of Labor, higher than the 235,000 claims expected.
Finally, on Friday the latest U.S. leading economic index fell in May, according to the Confidence Board.
U.S. business activity grew the fastest in June in 26 months, climbing to 51.7 in June, data from S&P Global's provisional Purchasing Managers' Index showed. According to the report, it was the second straight month of improving business conditions within the goods-producing sector.
Anyway, let's dive into the buzzing stocks this week:
Tuesday, Nvidia hit all-time highs and snagged the number one position in the entire U.S. market by market cap, before pulling back for the rest of the week. The chip maker passed Microsoft and Apple on Tuesday. Nvidia shares closed up 3.51% Tuesday at $135.58, putting its market value at $3.34 trillion, ahead of Microsoft, then valued at $3.33 trillion.
@Space Dust: "Other factors that could drag on stocks include a dearth of deal activity, which analysts call unlikely — or oil prices jumping up ahead of hurricane season. “[A pullback] would be healthy,” said Anthony Conroy, head trader at BNY Brokerage
Gamestop fell this week after a rescheduled shareholder meeting on Monday. The company postponed last week when too many people tried to attend online. The meeting lasted just 20 minutes, and shareholders voted alongside board recommendations on four measures, including compensation for the board.
The company reiterated past statements and announced no news. CEO Ryan Cohen said he is focused on creating a "smaller network of stores" and said the company's strong balance sheet provides a strategic advantage. GameStop recently minted $2B after selling more than 70 million shares.
@TheGAMESTOPer: DOWN 16%~ BUT WE ARE FLYING VERY SOON AGAIN
Super Micro Computer said Monday it is introducing three new liquid-cooled data center manufacturing facilities in northern California and elsewhere to serve intense AI-focused applications. At least one of the new factories will be in San Jose. The company did not disclose the other two locations. Liquid-cooled data centers can reduce electricity consumption and operational costs compared with air-cooled data centers, the company said.
@102832429: nah can't hold, probably sideways all the way tonight. gdnight all
The chipmaker announced a recent cyberattack Wednesday that was allegedly carried out by a group called Intelbroker and did not access any business-critical data. Bloomberg initially reported the attack. The intrusion only managed to obtain limited information related to the specifications used to assemble certain AMD products from a third-party vendor site.
"Based on our investigation, we believe a limited amount of information related to specifications used to assemble certain AMD products was accessed on a third-party vendor site," an AMD spokesperson said. "We do not believe this data breach will have a material impact on our business or operations."
@Jozzz: multiple big block calls buying yesterday, don't think they will kill this, probably just noise...
Microsoft lost out by market cap to Nvidia earlier in the week, but finished Friday on top yet again. The company is currently valued at $3.34T.
@areecep: While some signs of an overextended market are appearing, it isn’t clear yet whether the market has reached its limits on the artificial intelligence-fueled rally — which can’t continue its “meteoric rise,” said Jamie Cox, managing partner at Harris Financial Group
@buy the dips: am not going anywhere don't care how much you drop
Director KISTNER WILLIAM G purchased 50 shares of common stock in Byline on Jun 14, 2024 at an average price of $22.47 for a total value of $1,123.5.
The electric vehicle is expected to report on deliveries on July 2. Friday, Barclays analyst Dan Levy wrote he expects 415,000 cars to have been delivered, down about 11% year over year.
That would be a lousy number for a few reasons. It would be the second consecutive year-over-year decline, and worse than the first-quarter dip. Tesla delivered about 387,000 cars in the first quarter of 2024, down almost 9% year over year. Levy's number is also substantially below the consensus call of about 450,000 vehicles among Wall Street analysts tracked by FactSet.
@Space Dust : How is that resale value? how are sales? Elon wants you to not think of cars anymore with Tesla.
Bitcoin and other cryptocurrencies were falling early Friday. However, MicroStrategy has made another major purchase of the largest crypto. Bitcoin was down 1.5% over the past 24 hours to $64,617. Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Cryptocurrencies have been restricted by relatively high bond yields as the market scales back expectations for interest-rate cuts from the Federal Reserve.
@Cisco seller : im either going to be rich Monday or broke
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.
Awards102697747
Congrats to the following mooers whose comments were selected as the top comments last week! You guys all gave really amazing advice for trades new to options trading; if you have not read it yet, check it out here: Link
Weekly Topic
Is it worth investing in anything else but the Magnificient Seven this year? How are you hedging the outsized growth of only a handful of stocks compared to the rest of the market?
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.
Disclaimer:
Any app images provided are not current and any securities are shown for illustrative purposes only.
This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.
Disclaimer:
Any app images provided are not current and any securities are shown for illustrative purposes only.
This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. 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_cashcow : As always thanks for the reward points![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Index funds or ETFs that track broader market indices, like the S&P 500 or the Dow Jones Industrial Average
Sector-specific funds or ETFs that focus on non-tech sectors, like healthcare, finance, or consumer goods
International stocks or ETFs that invest in companies outside the US
Bonds or fixed-income instruments to reduce exposure to equities
Alternative investments, like real estate, commodities, or cryptocurrencies (do take note that these come with higher risks)
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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The "Magnificent 7" refers to the seven largest and most influential technology companies in the world, often considered safe-haven stocks. However investing only in these companies may not provide enough diversification as they are all in the technology sector. Investors can consider diversifying by investing in other asset classes & sectors to minimize risk
To hedge against the Magnificent 7, investor can consider the following:
Diversification is key to managing risk. Remember to always DYOR/DD to determine the best investment strategy for your own individual needs, circumstances and goals
Disclaimer: All the above are for educational purposes and are NOT financial advise
Connie C : yes, better plan for diversification. Consider investing in ETF, Gold, Insurance stock, S&P 500 stocks and bond.
102362254 : Sure, the Mag 7 have gained a lot due to their strong market positions and focus on AI/technology growth. However, it’s important to diversify our investments. Allocate funds across diverse sectors, sizes, and countries to minimize risk and discover opportunities beyond the Mag 7. Also, manage risk by investing in bonds, REITs, or commodities to stabilize market fluctuations. Always remember that while these top stocks are strong, a smart investment plan considers both their strengths and potential risks.
Space Dust : UTF. the ultimate hedge . how come this is not mentioned?
HuatLady : As a long-term investor,I remain committed to seeking quality stocks at attractive valuations. While the Magnificent 7 may capture headlines, diversification remains important. Even though popular stocks get attention, diversifying across different sectors is key to managing risks. I focus on long-term goals rather than short-term trends. I use strategies like DCA and regular savings plans to stay disciplined. Consistent growth overtime is more important than short-lived market ups and downs.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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ZnWC : Thanks @Popular on moomoo for the rewards.
The short answer is "Yes". For a long position, I also invest in
1. Dividend stocks
2. Thematic ETFs
3. Mutual Funds and bonds
The factors that affect my choice are fees and risk. You also need to have the holding power to weather off volatility.
Nevertheless we usually focus on Magnificent 7 (M7) stocks because they are a good indicator on how the stock market is trending. They are also good value stocks to invest in given their huge market cap and good track record. For those who want to spread your risk, you may pick an ETF that includes all M7 stocks. My favourite ETF is S&P500.
Disclaimer: The above is not financial advice. Please DYODD before you invest.
puddy1 : Investing solely in the Magnificent 7 can expose portfolio to significant risk due to their outsized growth and potential overvaluation. Diversifying across different sectors and including bonds or like ETFs can provide a hedge against market volatility and potential downturns in these tech giants. Disclaimer: this is not financial advice
JulW21 : Diversify is the key. Do not put all your eggs in one basket. Besides Magnificient 7, i think it might be good time to invest in retailer and high dividend stocks such as pepsico, disney etc, and also ETF and Bond Funds, considering interest rate cut is inevitable by this year. Good Luck to all!
HuatEver : I will stay focused and composed, steadily acquiring quality dividend stocks. It is wise to diversify beyond just the top performers like the Magnificent 7![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
. While they may offer significant growth, spreading investments across different sectors and asset classes helps reduce risks. Keep in mind, dividends and steady growth are more important than temporary market swings. ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Ultratech Connie C : hedging only drags your account down on a good day
. bonds suck
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