Weekly Buzz: Is Tesla a sign of earnings to come?
Happy weekend investors, it was moomoo's 12th Birthday this week! Welcome back to Weekly Buzz, where we discuss the top buzzing stock news on moomoo this week! Comment below to answer the Weekly Topic question for a chance to win an award!
Make Your Choice
Weekly Buzz
The market fell during a heavy earnings week, and there is still more to come. There is less than two weeks to the U.S. election, and earnings reports from the largest companies in the world next week. It was the end of a six-week bull run for the S&P 500.
For the week, indexes were very mixed based on which sector leading companies reported. The $S&P 500 Index (.SPX.US)$ fell 0.96% for the week, the $Dow Jones Industrial Average (.DJI.US)$ fell a dramatic 2.68%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.16%
Monday, Federal Reserve President of San Francisco Mary Daly said economic growth and the labor market have remained steadier than many analysts expected this fall. But that resilience doesn't imply the Fed should hold rates steady again, she said. Fed's Kaskari said that the Fed can't bring down prices altogether and that the labor market did not cause inflation.
The Federal Reserve Open Market Committee's Beige Book economic report Wednesday said there was very little change in economic activity in September. Two districts reported growth, and most districts reported a decline in manufacturing.
The report said that banks were worried about the future because of a decline in interest rates. Some districts said consumer spending moved to cheaper choices. The housing market stayed healthy, commercial real estate was flat, and infrastructure projects helped a few districts. According to the report, the dock worker's strike caused a short disruption, while hurricanes brought crop damage and tourism pauses in the Southeast.
Employment rose overall, the report said, with half the districts showing growth. Many reported lower turnover, and low layoffs, though demand for workers eased. Wages rose. Price inflation continued in most districts. Some prices, like eggs and dairy, grew faster. Home prices climbed, and insurance and healthcare costs rose. Multiple Districts reported that input prices generally rose faster than selling prices, compressing firms’ profit margins.
In macro Friday, Michigan's Consumer Sentiment of inflation came in lower than last time- 2.7%. Durable goods orders fell just 0.8%, lower than expected, and core goods orders climbed. Atlanta Fed's flash GDP came in a 3.3% for the third quarter, a little lower than the last estimates.
“Markets can stay irrational longer than you can stay solvent”- John Maynard Keynes, economic theorist.
@Stock_Drift, a user on moomoo used this quote to describe 2024, a year where it is impossible to bet against the trends. Known away from the keyboard as Paul, Stock_Drift works for the municipality of Lansing, Michigan, and acts as a moomoo key opinion leader, posting news and advice to update community members across more than 2,800 followers.
Anyway, let's dive into the buzzing stocks this week:
$Tesla (TSLA.US)$ climbed 21% Thursday, one of the highest on the S&P 500 after the firm reported Q3 adjusted earnings Wednesday of $0.72/share, vs estimates of $0.59/share, on revenue of $25.18B vs estimates of $25.52B. Importantly, the firm posted a margin that grew by 19%, compared to the estimated 16%.
@Trading Rockstar: Tesla earnings were out of this world! 🌌 The stock soared 21.9% on Thursday, marking its biggest daily gain since May 2013! 🚀 Musk's net worth skyrocketed by $33.5 billion in a single day! 💰
Nvidia stock rose 4.14% on Monday and closed at a record high of $143.71 per share, and its shares continued climbing in after-hours trading. Nvidia’s shares are up 198.34% so far this year.
Wall Street analysts reiterated their Buy ratings on the stock. Citing strong demand for artificial intelligence, Bank of America raised its price target from $165 to $190 last Friday. In contrast, investment research firm CFRA raised its price target for Nvidia last week from $139 to $160. According to Bloomberg consensus estimates, analysts see shares rising to $148.37 over the next 12 months.
@Ultratech: back in the high life again
According to George Glover at Barrons, Trump Media & Technology Group shares have been on a wild ride over the past month -- and they are likely to swing even more dramatically once the presidential election is called, judging by stock options.
Data shared by online trading platform Trader Oasis with Barron's showed the Truth Social parent, which is up 139% over the past month, is likely to either tumble to under $20 or double in price to surge past $70 once we know the election winner.
@102860187: not sure if roller coaster coming next week
Bitcoin fell Friday after a Wall Street Journal report. The federal government is investigating cryptocurrency company Tether for possible violations of sanctions and anti-money-laundering rules, according to WSJ. Tether is the world's most traded crypto, a stablecoin that has served as a major "on-ramp" into Bitcoin for years or a way to spend USD on an amount of cryptocurrency.
The criminal investigation, run out of the Manhattan U.S. attorney's office, is looking at whether the cryptocurrency has been used by third parties to launder money and fund drug trade, terrorism, and hacking, according to the report. The Treasury Department, meanwhile, has been considering sanctioning Tether because of its cryptocurrency's widespread use by individuals and groups sanctioned by the U.S.
@EZ_money: i called for blood this morning. this 🤡 ain't ****** around any more.
Nio Onvo's 2nd Model Expected to Be Released by End of Q1 2025, Report Says
@73958483 : If NIO dont reach $7 next week it will crash to $3
$Phunware (PHUN.US)$ rose by double-digit percentages Wednesday for the seventh straight session, while Donald Trump's $Trump Media & Technology (DJT.US)$ and conservative-linked video platform $Rumble (RUM.US)$ also gained ground as the "Trump Trade" continued to roll on.
PHUN jumped as much as 23.7% to a $14.40 session high in early Wednesday trading, adding to gains that have seen it soar 405.3% top to bottom since the stock hit a $2.85 near-term low on Sept. 23.
@Ajam223: Cmonnn , lets hit that 11.4 mark..
$Tevogen Bio Holdings (TVGN.US)$ stock was climbing on Wednesday after the company announced its artificial intelligence effort, Tevogen AI, has joined $Microsoft (MSFT.US)$ for Startups. The firm's Tuesday report said it expects to pull in up to $22B in the next five years.
According to Benzinga, Tevogen said it will gain unparalleled access to Microsoft's ecosystem to help develop the firm's clinical trials for infectious diseases and cancer treatment prototypes.
@The Meganaire: most of people dont understand the value of this ticker unless it is late,
AMD is set to post earngins next week, on Tuesday, October 29. According to reporting from Seeking Alpha, the investment firm Piper Sandler expects to hear "continued positive momentum" from the Dr. Lisa Su-led company, particularly around its artificial intelligence-focused GPUs. A consensus of analysts expects AMD to earn $0.92 per share of $6.71B in revenue for the third quarter.
Analyst Harsh Kumar wrpote in a note that he expects AMD to keep hitting milestones, SA reported "For December guidance, we see the implied GPU ramp surpassing the $5B+ FY24 expectation, which many investors have pointed to as the goal for yearly GPU revenues. Looking ahead to 2025, we continue to see AMD hitting the next milestone of $10B+ in GPU revenues driven by improved rack-level performance, better supply, and a combination of MI300 and MI325 adoption."
@104752837: any thoughts regarding this report by MS? AMD Cuts TSMC Bookings Amid AI Demand Uncertainties
SMCI is expected to release its fiscal Q1 earnings results on Wednesday, Nov. 6, after delaying results last quarter.
According to Barchart, analysts project the AI server maker to report a profit of $0.51 per share, reflecting an increase of 82.1% from $0.28 per share in the year-ago quarter.
@103572863: Thank you Dooomer for selling this trash
According to Adam Clark at Barrons on Thursday, cut orders to suppliers for the iPhone 16 by about 10 million units for the fourth quarter of this year and the first half of 2025. He wrote that analysts at UBS noted they expect iPhone unit sales in the September quarter to be flat from the same time a year ago, while J.P. Morgan analysts said they see demand in line with the iPhone 15 based on delivery times this week.
Thanks for reading!
Who will win the Presidential Election, and how will it affect the market?
We want YOU to tune in live on November 5th, U.S. election day, for a special moomoo news and community event. Come watch Nov 5th at 6:30 PM ET as the vote counts roll in with our local news team and a party of guests! Subscribe: click here to join the live discussion NOW!
* 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 whose comments were selected as the top comments last week!
Weekly Topic
What will next week's crazy earnings schedule bring? Are you making any moves to prepare?
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: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
Posts do not represent mm
6341Followers
620Following
17KVisitors
Follow
Ultratech : booyah
Lnova : Apple
Lnova : happy bday![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
EZ_money :
i sound like such an ass sometimes. it's fun 
ZnWC : Thank you for the weekly summary![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
and happy birthday 
to Moomoo. I didn't know Moomoo is 12 years old - so young. Here's my analysis:
1) Yes Tesla crazy +22% soar share price after Q3 earnings is a sign that the bull market is here. Some commented that it was a pump because Tesla's earnings missed consensus and the decline EV delivery QoQ. I disagree because there is clear evidence that the fundamentals are still strong. For example,
>Tesla's Cybertruck achieved a positive gross margin for the first time.
>Cost of Goods Sold Per Vehicle (COGS) had come down to its lowest in company history.
>Delivery is expected to grow 20% to 30% in 2025
2) Investors are looking at the company earnings beyond P/E ratio. A better representation will be PEG ratio which includes growth potentials.
3) I predict that the next week's earnings will be as spooky as Halloween - highly unpredictable. The stock performance after earnings will be based on fundamentals and not about meeting estimate and consensus.
4) The magnificent seven stocks (e.g Meta platform, Amazon and Nvidia) may see a big rally after earnings because investors are looking at how these mega-cap companies are planning ahead to increase revenue amid an interest rate cut environment.
5) Having said that the rally may be dampened by the US presidential election result (5/11) which may bring uncertainty to the stock market. Another uncertainty will be when the House of Representatives start to debate the budget and the new policy.
6) I may adjust my portfolio to buy in more Tech stocks while they are still cheap and diversify the volatility risk by investing in S&P500 ETF. My most significant move will be to increase trading options to take advantage of the bullish trend momentum.
EZ_money Kevin Travers OP : thanks
HuatLady : Happy Birthday to Moomoo![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
As a long-term investor, I'm excited to see $Apple (AAPL.US)$ response to next week's earnings line-up, with other big players like $Alphabet-C (GOOG.US)$, $Meta Platforms (META.US)$, $Microsoft (MSFT.US)$ and $Amazon (AMZN.US)$ are also reporting.
I am tracking market trends and forecasts closely. $Apple (AAPL.US)$ profits are projected to rise, hinting at positive momentum. Short-term price swings don't really affect me. I'm ready for any volatility and may even accumulate if there's a dip.
102362254 : Next week’s earnings, especially $Microsoft (MSFT.US)$’s, could really shake things up. Microsoft’s results could set the tone for tech stocks overall, particularly with all the focus on cloud and AI. If their numbers are strong, it might be a good sign for tech. I’m planning to review my portfolio and might tweak things based on how these reports play out. If Microsoft shows strength in cloud and AI, I might hold steady or even add a bit more positions
HuatEver : Happy Birthday![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
For AMD, the focus is on their competition with Nvidia and Intel, especially in AI and data centres. For Meta, I’ll keep an eye on Ad revenue, users numbers ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
When earnings reports come around next week, I will be closely watching AMD, Meta and Amazon.
and Metaverse updates. For Amazon, I’m looking at e-commerce growth, AWS and any cost-cutting news. To be prepared, I’ll stay updated with analysts’ insights, keep my portfolio diversified and maintain a long~term perspective on my investments.
SharonH6 : Great Job MooMoo and Happy Birthday
View more comments...