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Weekly Buzz
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Weekly Buzz | China's rally

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Moomoo AU joined discussion · Oct 9 14:30
Hello mooers!!!
Welcome back to Aussie Weekly Buzz, where we review the news, performance, and community sentiment of the top 10 buzzing stocks on moomoo based on search and message volumes last week!
Comment below to answer the Weekly Topic question for a chance to win incentives!
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Weekly Buzz | China's rally
This week was a busy one, beginning with another round of Chinese stimulus measures, a major U.S. hurricane that decimated much of the inland south. A port strike from the Longshormen's Union started Monday night for wage increases that shut down massive ports across the East Coast and Gulf of Mexico, hurting shipping and trade stocks. Read more>>
   
Stock Analysis
1. $Futu Holdings Ltd (FUTU.US)$  Buzzing Stars ⭐⭐⭐⭐
Last week, Futu's stock price surged nearly 50% after JPMorgan maintained an "overweight" rating and raised the target price from $88 to $160. Futu is expected to benefit from the Hong Kong market rally, with strong AUM growth projected in the second half of 2024 due to increased client asset inflows and favorable market conditions.
-mooer's views
@71440846: $Futu Holdings Ltd (FUTU.US)$ im 'in since 2020 and i juste would like to remember to people how want to take profit with a 30% perf that during last bull run futu did a 3000% perf in 14 months. nothing had change... futu is just a high groth company with an Infinit market (people gambling on there smartphone). #futu>nvidia
@Bull X Bear: MooMoo the best trading app
Weekly Buzz | China's rally
2. $BHP Group Ltd (BHP.US)$  Buzzing Stars ⭐⭐⭐
BHP's stock price rose by 0.27% over the week, following a downgrade from Jefferies, which changed its rating from "buy" to "hold." Additionally, Jefferies reduced the target price for BHP from $72 to $68.
💡mooer's views
@Chii11: This price recovery was fueled by China's central bank implementing its largest stimulus package since the pandemic, aimed at bolstering the economy and reviving consumer demand. Additionally, the upcoming National Day holiday in China (October 1-7) prompted a surge in restocking activity among steel mills, further lifting iron ore demand.However, analysts caution that while this rally is significant, the broader outlook remains uncertain due to ongoing inventory pressures and potential market fluctuations $BHP Group Ltd(BHP.AU)$
@ArtieZiffsCat: So many greedy people were first asking for $40 and then when it finally got to $40 they were too scared to buy, Even down to $38s.Then they started saying $30 and under LOLSooooo greedy and missed out completely. Almost touched $46 today and this is after going ex-div too Love $BHP Group Ltd(BHP.AU)$
   
3. $TENCENT (00700.HK)$  Buzzing Stars ⭐⭐⭐
Last week, Tencent's stock price rose by more than 9%. Reports suggest that Tencent Holdings and the Guillemot family are considering a joint acquisition to privatize the French gaming company Ubisoft Entertainment. However, this option is still in the early stages, and it is uncertain whether a deal will ultimately be reached.
💡mooer's views
@wafflewolfeh: Last time for overseas investors to get in. Once the nation opens its gates for their retail investors next tuesday, ggwp the volume will be so crazy.
@BoredApe333: ......my Top Winner $TENCENT (00700.HK)$ demonstrated 62% PL growth 🎉🚀
Weekly Buzz | China's rally
   
4. $CommBank (CBA.AU)$  Buzzing Stars ⭐⭐⭐
Last week, CBA's stock rose by 0.45%. Despite this, Jefferies analyst Matthew Wilson believes CEO Matt Comyn's 14% salary increase and performance rights suggest he will stay for at least three more years. Jefferies maintains an "underperform" rating with a target price of A$88.00.
💡mooer's views
@Peterson111: It is quite likely the CBA share price will eventually start to rise in a B wave, catching many unwary investors, before falling again in a C wave. Picking the near low on the C wave will be the time to buy. More than likely we are possibly in the 4th wave of A, with the 5th to still occur.
@gbsurfer: Is the Commonwealth Bank of Australia (CBA) really considering removing personalized customer service from its business model? If so, I believe they might be overlooking the value that human touch brings to customer relationships, a value that cannot be easily replicated by AI. In an era of constant change, maintaining a balance between innovation and preserving the human element in customer service seems crucial.
   
5. $Fortescue Ltd (FMG.AU)$  Buzzing Stars ⭐⭐
Last week, FMG's stock price rose by 1.24%. Fortescue is poised to produce a high-voltage marine battery pack at its manufacturing center in Detroit, marking the start of the company's operations in the US.
💡mooer's views
@Lambert AI: $ANZ Group Holdings Ltd (ANZ.AU)$ This big blunder in cutting savers accounts' interests rates by cerating a complicated-as-hell "tier" scheme will surely drive most of its clients away. This tier scheme of OTHER BANKS was the original reason why cash flooded into them in the first place. Now that they follow the others like CBA, NAB, etc. is actually helping the competitors to level the playing field. Good luck ANZ and I would rather pool my cash into other high yield stocks such as  $Woodside Energy Group Ltd (WDS.AU)$ and  $Fortescue Ltd (FMG.AU)$. Adios!
   
Weekly Topic
We will select up to 15 comments based on the interaction rates and comments quality, and deliver 200 points to each of the commentator as the incentives. (You can convert your points to merchandise and coupons in your Rewards Club!
If you have Chinese-related stocks in your portfolio:
Did you benefit from this Chinese rally? Which stock brings the most profit to you? Share the reason why you buy it instead of others.
If you have no Chinese-related stocks in your portfolio:
Why don't you join the bullying trend? Are you impressed by the atmosphere of buying Chinese-related stocks?
   
Invest with moomoo
Catch the chance to win with the China's rally! Use the 5/24 feature to gain from stocks like $Alibaba (BABA.US)$, $NIO Inc (NIO.US)$, $Futu Holdings Ltd (FUTU.US)$ etc NOW.
Weekly Buzz | China's rally
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