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Weekly Buzz
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Weekly Buzz | Eight-week climb hits Christmas slowdown

Source: GIPHY
Source: GIPHY
Happy holidays, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of this week! Answer the Weekly Topic question for a chance to win an award next week!
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Weekly Buzz | Eight Week Climb Hits Christmas Slowdown
U.S. stocks ended a choppy, pre-holiday trading session mostly higher Friday, with major indexes scoring an eight-straight weekly gain after a subdued PCE inflation reading.
The $道琼斯指数(.DJI.US)$ fell around 19 points, or less than 0.1%, unable to shake off a nearly 12% fall for shares of Nike Inc. The $标普500指数(.SPX.US)$ and $纳斯达克综合指数(.IXIC.US)$ Composite each eked out gains of 0.2%.
The Dow was left with a weekly gain of 0.2%, while the S&P 500 advanced 0.8% and the Nasdaq Composite rallied 1.2%.
The eighth straight weekly advance for the S&P 500 marked its longest streak since the week ending Nov. 3, 2017.
Friday, macro data came to show the rate of U.S. inflation based on the Federal Reserve’s preferred PCE index fell in November for the first time since 2020, indicating that price pressures continue to subside.
The PCE index dipped 0.1% last month, the government said Friday. Inflation was also unchanged in October.
The increase in inflation over the past year slowed again to 2.6% from 2.9% in the prior month, marking the lowest level since February 2021.
GDP data for the third quarter came in on Thursday, showing just a 4.9% growth rate, revised downward from previous projections.
The market initially took off when last week the FOMC announced no rate changes, and hinted towards multiple rate pullbacks in 2024, but statements from Fed members have since drawn more caution out of investors.
Weekly Buzz | Eight-week climb hits Christmas slowdown
Let's dive into the weekly buzzing stock list this week:
1. $Tesla (TSLA.US)$ - Buzzing Stars: ⭐⭐⭐⭐⭐
On Friday, MarketWatch reported that Dan Ives, an analyst at Wedbush and long-time Tesla bull, must be feeling the spirit of the Santa Claus Rally, as the firm raised its price target on the stock to $350 from $310 and reiterated its Outperform rating. With analysts surveyed by FactSet rating Tesla at Hold, on average, with a consensus price target of $241 -- the stock closed Thursday at $254.50 -- Ives certainly is on the more bullish end.
@Maniac Fool : Analyst predicts $1 trillion Tesla market cap in 2024
2. $NVIDIA (NVDA.US)$ Buzzing Stars: ⭐⭐⭐⭐
Approaching the end of 2023, the US stock market has continued to reach new highs. Looking at sector performance, the technology sector has risen by over 70% year-to-date, primarily due to the surge in AI demand and strong earnings growth from some of the Magnificent Seven stocks. $英伟达(NVDA.US)$ rose more than 242% this year.
@protraderx : NVDA - Long & Short - Profit Both Ways
3. $NIO Inc (NIO.US)$- Buzzing Stars: ⭐⭐⭐⭐
Nio shares traded higher by about 5.6% on Tuesday. On Monday, the firm announced a $2.2 billion strategic equity investment from Abu Dhabi-based investment group CYVN. The agreement will grant CYVN about 20.1% ownership of NIO and includes provisions for director nominations and strategic collaboration.
@Thomas oh : only concern is the cb tsla may pull it down else this shd be gd for the coming few days
4. $AMC Entertainment (AMC.US)$- Buzzing Stars: ⭐⭐⭐⭐
Monday, James Rogers from MarketWatch wrote about AMC and meme stocks. He said "No discussion of meme stocks would be complete without OG $AMC Entertainment(AMC.US)$. But while the movie theater chain and original meme stock darling still grabs plenty of attention, it no longer fits the bill of a meme stock, according to Alicia Reese, VP of equity research at Wedbush."
@Piggy Bank Trader : No Mercy For The Shareholders
5. $Mullen Automotive (MULN.US)$- Buzzing Stars: ⭐⭐⭐
Thursday, Mullen Automotive shares traded higher after a 1-for-100reverse stock split, after the company announced 38 additional class 3 vehicles have been delivered to Randy Marion Automative Group. Customers complained on moomoo that their holdings were devalued.
@skinnydippi : what a wreckage we had today.
6. $Apple (AAPL.US)$ - Buzzing Stars: ⭐⭐⭐
Apple halted sales of its smartwatch this week as the company prepares to comply with a U.S. import ban stemming from a federal trade ruling over a blood-oxygen sensor on some device versions.
@PW6187: Through all the UPs and DOWNs, it has consistently preformed well.
7. $Advanced Micro Devices (AMD.US)$- Buzzing Stars: ⭐⭐⭐
AMD showed a promise throughout the week after a 14.29% jump in value over the past month, surpassing the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.16%. Investors are awaiting next month's quarterly earnings release from the chipmaker, expected to post an EPS of $0.77, indicating a 11.59% growth compared to the equivalent quarter last year according to Zacks Consensus Estimates.
@Carlosoo : AMD Stock Is a Winner It’s why Advanced Micro Devices doesn’t need to take down Nvidia, Intel, or Broadcom everywhere
8. $SIA (C6L.SG)$- Buzzing Stars: ⭐⭐⭐
Sunday, Singapore Airlines Group posted its ride volume for the month of November, The firm saw a 28,6% YoY uptick in its passenger volume in November, carrying 3.1 million passengers last month. Apart from passenger volume, the group’s passenger traffic also increased in November by 17.6% YoY, outpacing its capacity expansion of 15.1%.
@Teck Wang Pang : Southeast Asian aviation industry is booming
9. $Alibaba (BABA.US)$- Buzzing Stars: ⭐⭐⭐
Thursday, a JPMorgan Chase analyst note on Alibaba pushed the company's stock higher. While the document didn't indicate a change in view from its author, it did help support the bull case for the stock. Ultimately, Alibaba shares ended the day almost 4% higher, well above the 1% increase of the S&P 500 index that day. Analyst Alex Yao reiterated his buy tag on Alibaba's Hong Kong-listed stock. He also maintained his 120 Hong Kong dollar ($15.37) per-share price target. That's well above the shares' most recent closing price of HK$73.35 ($9.40).
@Thomas oh : looking strong imo
10. $Microsoft (MSFT.US)$- Buzzing Stars: ⭐⭐
Wednesday, analyst Michael Turrin named Microsoft as a 2024 top software pick, with an Overweight rating and $425 price target.
"Perhaps most acutely benefiting from a broader improvement in IT budgets/spend is Microsoft, with areas of focus across numerous categories of enterprise IT spend," the analyst said.
@OceansWave: Market just wants to clear these two stocks.. they have been naughty so not invited to the Santa Rally lol
Thanks for reading! Merry Christmas, and Happy Holidays!
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.
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  • 102362254 : I follow a few analysts and investors who provide valuable insights and recommendations on the stock market, but I only trust the ones who are consistent, transparent, and aligned with my investment goals. Some of them are Devin Ryan, Patrick Brown, Alex Henderson, John Gerdes and Matthew Hedberg.

  • SPACELIGHT : There are a couple of analysts I listen to for opinions  about upcoming news and how it might affect TSLA stock the upcoming session, but I learned the hard way to do my own technical analysis and how make my own actual trading decisions.  For me, it's much like learning any skill, e.g., driving a car, mowing the lawn, voting on issues or a candidate, and whatever else.  It's my call.

  • crazypeter1019 : Happy holidays to all! [undefined][undefined]

  • stevenlsf1 : Looks like the upward trend has slowed down. Happy holidays everyone

  • ZnWC : I don't have a particular favorite analyst or investor to follow. I trade by trending and reliable news or media are important to me. Some analyst ratings or target prices change according to share price movement. Some media may post articles or "news" that have confirmation bias or with their own agenda.

    In order not to be manipulated and submit to emotional trading like fear and greed, I practice reading analyst ratings and news on both sides - bear and bull. I'll verify if the "news" and ratings with the followings:

    1) stock price trend using a combination of technical analysis indicators and charts

    2) intrinsic value of the stock by financial analysis

    3) company quarterly earnings like revenue, net income, gross margin, debt, cash flow etc

    4) other information like insiders trading, unusual option activity and short selling volume

    As the investment goal and risk appetite may be different, we should take other investor views or opinions with caution. Last if there's any loss, I will take responsibility for my investment decision (not to blame anyone) and reflect on what went wrong.

  • 73457131 : chock me up 20% on next big game

  • Meme_Short_Queen : short term swing trade - just for fun and pocket money!

  • ThirtyOne : Losing Steam*

  • cola1010 : I like Warren Buffett, he is well-known for his successful investing career and his approach to investing known as "value investing." He prefers companies that are underpriced and have strong fundamentals that set them apart from the competition. Buffett believes in being patient and holding onto investments for an extended period of time to allow them to grow. In terms of reliable stock picks, I believe in Apple and American Express.

  • HuatEver : Drawing inspirations from famous analysts is simply not my cup of tea. I prefer to do my own research and invest responsibly using a combination of technical analysis and my own discretion. Everyone has different risks tolerances, timeframes, return expectations or  investment styles compared to analysts. [undefined] [undefined] [undefined]

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