Weekly Buzz: Magnificent Mix of Market Reactions
Happy weekend investors! 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!
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Weekly Buzz
The market faced the most busy week, with earnings results from hundreds of companies before and after the market traded. We saw results from five of the Mag Seven, and yet there is more still to come. There is just a couple of days before the U.S. election: polls close and officials will begin to count votes November 5th.
For the week, indexes fell, and ended out the month of October lower across the board, despite each hitting all-time highs. The $S&P 500 Index (.SPX.US)$ fell 1.37% for the week, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.15%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 1.50%
$Crude Oil Futures(JAN5) (CLmain.US)$ fell 5% Monday, the most in one trading period for months after Israel struck targets in Iran over the weekend- killing four soldiers by bombing air defense systems and military targets. However, Iran downplayed the damage, and senior Biden administration officials told Bloomberg the lack of response and light attack by Israel was due in part to their efforts to mitigate a military confrontation between the two regional powers. Onlookers and investors alike were worried Israel would target and damage energy infrastructure, and when they did not, energy prices did not fall. Oil futures fell about 5% for the week.
In macro Tuesday, CB Consumer Confidence numbers came in higher- 108.7 vs. 99.5 expected. JOLTS Job Openings came in under estimates.
Wednesday, ADP Nonfarm Employment came in much higher than estimated, a preview to the Friday labor numbers. US Core PCE prices -not the index, but prices came in at 2.8%. US GDP came in at 2.8% for the first Q3 reading- the same as last quarter's first number.
Thursday the Core PCE index came in a little higher than estimated- 2.7% vs estimates of 2.6%. The regular PCE price index came in at 2.1%, the lowest year-over-year price change since 2021, and nearly on top of the Fed's 2% target.
The market climbed despite a shockingly light non-farm labor number- the U.S. added just 12,000 jobs in the past month, 100k lower than estimated. It was the lowest number in years. However, the unemployment rate did not rise, and the report mentioned the disruptions caused by hurricanes and strikes as one-time events.
Next week, alongside the presidential election, investors are waiting for the next FOMC rate decision meeting, coming on Wednesday, November 6th. Next week is also a major earnings week, with names like $Palantir (PLTR.US)$ $Lyft Inc (LYFT.US)$ and $Datadog (DDOG.US)$, alongside brands like $Sony (SONY.US)$ and even meme favorites like $Celsius Holdings (CELH.US)$.
Anyway, let's dive into the buzzing stocks this week:
In the lead-up to the U.S. Presidential Election next week, $Trump Media & Technology (DJT.US)$ is facing high volatility. Its chief and majority shareholder generates enormous media attention, especially as he runs for a comeback presidential election. Tuesday, the stock hit a local high, at one point this week, was up more than 300% since September before running into a volatility trade pause. It has since fallen and is down 20% for the week.
The stock has faced high volatility, about 30% lower than when the media company merged with SPAC to receive a listing back in May. It is down 64% from its all-time high set long before becoming DJT but up 145% from its recent low.
@H Ab: I think we should hold our horses
Nvidia fell this week following its peer Mag Seven earnings. Nvidia is one of the largest, highest-gaining stocks this year, enjoying a bull run powered by the artificial intelligence boom, which has fueled a spike in demand for its graphics processing units.
Earnings from Meta Platforms, the parent of Facebook and Microsoft, highlighted the extent to which spending on AI has ramped up. Meta's capital expenditure jumped 36% in the third quarter to $9.2 billion, and said next year it would spend even more. Microsoft's third-quarter capex reached $14.9 billion, clearing the $14.7 billion. But the market reacted negatively to both, and Nvidia fell aswell.
@Bullish to the Sky: what happening why dropping more and more
AMD shares tumbled more than 5% after reporting earnings Tuesday, which showed that the chip maker's fourth-quarter revenue outlook missed analysts' estimates. Revenue for the fourth quarter ending in December is expected to reach about $7.5 billion, plus or minus $300 million. According to estimates by Bloomberg, that midpoint is lower than the $7.55 billion expected by analysts. Its Q3 results, otherwise, mostly met or beat analyst estimates.
@Warren E Buffett: Wow, absolutely wow
Alphabet reported Q3 earnings of $2.12/share Tuesday after the bell, vs estimates of $1.84/share, on revenue of $88.27B vs estimates of 86.45B. According to the report, every segment of the search giant beat estimates. Google advertising revenue climbed to $65.85B, compared to estimates of $65.50.
Both share classes of the stock climbed nearly 10% for the week before leveling off.
@Andre88888888: aaand this POS still hasn't move
Bitcoin climbed to near all-time highs this week before falling back to the $70k/coin range and falling.
@10baggerbamm: so what did I miss that we lost $1,500 in about 2 minutes
$Super Micro Computer (SMCI.US)$ fell 30% after the firm said Wednesday that its accounting contractor - Ernest and Young - resigned with fears that SMCI was not upholding ethical accounting and reporting practices, about a week before the next expected earnings date- November 5th. The firm delayed its reporting in August and has still not reported its full-year results for a fiscal year that ended in June after running into accounting issues. It was the largest decliner on the S&P 500, and would continue to fall all week.
@HoldEmBags : bankrupt
$Microsoft (MSFT.US)$ Wednesday reported Q1 fiscal 2025 adjusted earnings of $3.30/share, vs estimates of $3.11/share, on revenue of $65.59B vs estimates of $64.51B. Revenue came in 1.67% above estimates. All eyes were on AI capital expenditures Wednesday, showing the firm spent $14.92B on investments like AI data centers after spending $9.92 billion last quarter. The increase in Capex hurt the company's results- it fell Thursday by up to 5%.
@Cow Moo-ney Nasdaq experienced its worst day for over a month. Microsoft clocked its worst day in 2 years. We had quite a sell off on Halloween Day.
Amazon shares rose after the company's earnings and revenue beat estimates Thursday. The company reported earnings per share of $1.43, surpassing Bloomberg consensus that called for $1.16. Revenue reached $158.9 billion, above estimates of 157.3 billion. After the news, the tech and Mag 7 market climbed, the highest gainer on the Dow Friday climbing 6%.
$Meta Platforms (META.US)$ shares slipped 3.2% in extended trading Wednesday after the company raised the low end of its capital expenditures outlook, overshadowing the earnings and revenue beat for the third quarter. The stock continued to fall Thursday.
@104315975 : 'Meta's capital expenditure jumped 36% in the third quarter to $9.2 billion, and the company said in an earnings release that it is expecting spending to accelerate "significantly" next year.'
Apple reported Q4 adjusted earnings Thursday of $1.64/share, vs estimates of $1.60/share, on revenue of $94.93 vs estimates of $94.37B. Investors watched for product revenue segments, with recent news predicting weaker demand for Apple's iPhone 16 and new Apple Intelligence services. iPhone sales came in at $46.22B, vs estimates of $45.04B for the quarter. Still, the firm said demand for December sales- holiday sales, was lower than analysts had hoped.
@tuanle07 : why is only Apple red today among the Mag 7???
Thanks for reading!
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Awards
Congrats to the following mooers whose comments were selected as the top comments last week!
Weekly Topic
The election is finally here, moomoo investors. What the heck are you going to do to prepare, what are you watching this week, and what result do you expect?
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.
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
Posts do not represent mm
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HuatLady : I am watching the banking and tech sectors and expect the market to be jumpy, no matter who wins the election. Elections often bring uncertainty, so we may see some confusion and volatility as investors react. Volatility means opportunity to me. It is wise to remain calm and focused. I'll keep up with the latest news and analysis, and by adhering to a long-term view, I'll will ensure my investment portfolio is ready for anything. By remaining patient and proactive are important attrubutes during this period.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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102362254 : The election day is almost here. I’m watching sectors like health care, energy, and tech for any big policy impacts. This week and next, I’ll be tracking market sentiment and early voting trends. I expect some market swings either way, so I’m keeping my portfolio ready and staying flexible as results roll in
ZnWC : I am not betting on who will win in the election but still need to prepare a few things:
1) I am mentally prepared for a wild ride in volatility in certain stocks. If Trump wins, the stocks related to him will soar (e.g. DJT). On the other hand, if Harris becomes the next President, stocks that benefit from her policy will rocket (e.g. FSLR).
2) There are many who will post or share info about a stock. It is important to DYODD by having a balanced view (read both the positive and negative sides) and learn to avoid negatively biased comments that fuse FUD. Stay calm and don't overreact like panic sell (fear) or FOMO buy (greed).
2) It is a golden opportunity for swing traders and short sellers. However I am not doing either especially leveraging because the risk is too much for me.
3) I prefer to buy puts/calls because when the contract expires, you will only lose the premium. I buy puts to protect my lower limit and buy calls to profit if the share price soars. But for selling options, make sure you know what you are doing and not blindly follow the mass as the loss can be unlimited.
4) As a retail investor that takes a long position, my portfolio is prepared for short term volatility risk. One way is to buy ETFs like the S&P500 to diversify which may be better than investing in a single stock. The analogy is not to put all eggs in one basket.
Bottom line
Just like the previous election, the storm will settle down and the fundamentals will take over. I'm looking forward to the degree of Fed rate cut in December, how Elon Musk will cut government spending if Trump wins the election and the possibility of another US government shutdown if the Democrats and Republicans disagree in spending policy.
Bull Let Bull 102362254 : fo you mind to share which are the one u see potential during next week
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大马周瑜 : ok
章允量 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dadacai : Can’t wait to find out who wins. I’m watching some of the stocks that can benefit from the election results for a potential entry and be prepared to take profit or stop loss when necessary.
HuatEver : The election is finally here. My plan is to stay diversified. This spreads out risk so that if one investment drops, others can help balance it out. Bonds or defensive stocks, for example, might hold up better during uncertain times. With potential market volatility around the election, concern is natural, but I won’t let it disrupt my strategy. I’ll keep some cash on hand, stay diversified, avoid overreacting and maintain a long-term focus to protect and grow my wealth. The main idea is to be prepared, not panicked. I plan to watch crypto-related ETFs to add more diversification to my portfolio.![[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")
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103158865 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
我只想赚个买菜钱 : ok
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