Weekly Buzz | Dancing with US market volatility

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Welcome back to 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!

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Tesla dropped by 7.51% last week. Deutsche Bank analyst maintains Tesla with a buy rating, and maintains the target price at $295.

💡 mooer's insights

1) Election and geopolitical uncertainty (Israel-Hamas war and 50-50 odds of Trump/Harris win)

2) Market cool-off or near term correction prior to US election

That being said, we are only 2 months away to EOY, and I still believe Tesla will close up positive for the year, and head into a strong 2025. 🥰🥰🥰

I think what might compound some of the selling right now and it's not that much but I think it exists.. is some of the hedge funds that are short djt. they are getting their asses handed to them and rightfully so, I think they're short Tesla because it is very transparent and crystal clear that money is coming out on natural profit taking . so no worries buy Tesla on weakness and if you believe Trump is going to win this is the best benefactor it will be better than djt looking out 6 to 12 months because djt look it's got shit for revenues no profits and an absurd valuation it's a trump trade and it will gradually Fall by the wayside and the money will rotate at some point back into Tesla and you're going to see 300 plus on the stock in q1 next year

BHP rose by 0.92% last week. BHP Group announced that it will partner with Toyota Australia to test a prototype of the battery-electric HiLux double cab next month.

💡 mooer's insights

After their failed 49 billion bid for Anglo American, BHP has shifted gears and is now looking for growth elsewhere. They've struck a C$4.5 billion deal with Lundin Mining to expand their copper holdings in South America. Despite some investors pushing for tougher climate goals, a whopping 91.77% of shareholders backed BHP's climate plan, which aims for net-zero operational emissions by 2050. CEO Mike Henry even defended BHP's coal operations, saying there's still ongoing demand for it in steelmaking.

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