TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 AMD
Advanced Micro Devices
-- 119.210 OXY
Occidental Petroleum
-- 47.130 Weekly Buzz: Market Back to where September Started
Happy Friday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the top ten buzzing stocks on moomoo based on search and message volumes! Comment below to answer the Weekly Topic question for a chance to win an award!
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Weekly Buzz
Happy Friday, traders. The market climbed this week after a rough start in September. Wednesday, the market decline turned around by the afternoon after CPI data showed inflation, including volatile energy and food prices, grew at 2.5% yearly. It was the lowest increase in CPI-measured inflation since prices began to jump after the first year of the pandemic in 2021.
By the end of the week, the S&P 500 was within 50 points of an all-time high yet again, at nearly the exact same point value as where it began the month of September, 5,623.
Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ climbed 4% for the week, the $Dow Jones Industrial Average (.DJI.US)$ climbed 2.6%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 5.95%.
Friday, University of Michigan numbers showed consumers expect prices to inflate 2.7% in one year, higher than the most recent yearly CPI inflation numbers.
Last week, the number of Americans who applied for unemployment benefits rose slightly to 230,000, according to data from Thursday. There was no sign of widespread layoffs even as the job market cooled, and the numbers aligned with the yearly average. PPI data released Thursday also showed Producer prices climbed month over month, 0.3% Core and 0.2% normal, including energy and food. In the lead-up to next week's FOMC rate cut meeting, every indication of inflation is vital.
Wednesday, investors received inflation macro data. Consumer prices grew 2.5% year over year, the lowest CPI year-to-year growth from the Bureau of Labor Statistics since the beginning of the pandemic. It came in lower than Michigan Consumers Expected two days later.
Year-over-year Core CPI, which excludes energy and food, is unchanged from last month's 3.2%. Month over month, Core CPI climbed from 0.2% to 0.3%. Last week, investors also got word from New York Fed President John Williams Friday that it is time to cut rates. Investors are awaiting the next FOMC rate decision meeting on Wednesday, September 18th.
Anyway, let's dive into the buzzing stocks this week:
U.S. antitrust authorities have reportedly initiated an early-stage investigation into NVIDIA over its potential dominance in the artificial intelligence chip market. According to a Wall Street Journal report over the weekend, the Justice Department's antitrust division has contacted Nvidia to inquire about its contracts and partnerships.
According to Benzinga, the investigation is in its early stages, and no subpoenas have been issued to Nvidia for internal documents.
User STD0313 said : what a beautiful day of consolidation.......everyone enjoy the 13th of September....
According to Barrons, Tesla analysts adjusted their delivery expectation numbers this week. Tesla sold about 831,000 cars in the first half of 2024, down about 7% year over year. Wall Street expects that trend to turn around. Analysts project that Tesla will deliver some 460,000 cars in the third quarter, up about 6% year over year. On Thursday evening, Canaccord analyst George Gianarikas dropped his third-quarter delivery estimate to 469,200 cars from 480,000.
@Silverbat : Great week gains!
$GameStop (GME.US)$ stock plummeted 16% intrada Wednesday after Tuesday's Q2 earnings of 4C/share beat expectations of -9C but sales dropped 30%. The firm filed a registration statement Tuesday concerning its proposed sale of up to 20 million class A common shares.
@Awuhsawj: dumb money is not smart money
Bitcoin climbed throughout the week, starting at nearly $54k and climbing to nearly $60k.
@EZ_money: rejection after rejection dump it
Apple began its fall product event Monday, where the company plans to introduce a new generation of iPhones that put AI at the forefront of the device's operating system. The stock trended lower during the event, but followed the market back up by Friday.
@RIPPER: Holding puts on AAPL, IS IT FINALLY TIME???!!?? Look at this sell off!
$Trump Media & Technology (DJT.US)$ fell about 15% intraday after Trump's debate appearance. Investors are waiting for the end of the pre-public SPAC merger share lockup: Stock owners like Trump have billions in shares they can sell. Friday, the stock rebounded up to 25% after Trump mentioned the stock during a press conference, pledging he would not sell.
According to Benzinga, Quhuo Limited jumped on Wednesday. According to Benzinga, the company announced that Cloud Alliance has dissolved its stake in the company. Cloud Alliance previously held a 25.96% stake in the company, which it dissolved, according to a filing with the Securities and Exchange Commission.
@InvTrdBTC: don't get excited. could be a trap.
NIO shares surged over 32% across five consecutive days of gains following its Sept. 5 earnings report. Other leading electric vehicle makers also experienced upward momentum in the past five trading sessions. $NIO Inc (NIO.US)$ reported record quarterly deliveries and revenue for the second quarter, alongside a notable reduction in net loss. The company’s Q2 gross margin improved significantly from the previous quarter, with vehicle gross margin rising to 12.2%, an increase of 600 basis points year-over-year.
Nio also issued its strongest-ever guidance for a single quarter, forecasting Q3 deliveries between 61,000 and 63,000 units, exceeding analysts’ expectations.
@Cui Nyonya Kueh: good night happy weekend
$Palantir (PLTR.US)$ climbed 14% Monday after the joint S&P Dow Jones Indices group announced the firm would replace $American Airlines (AAL.US)$ on the S&P 500 before Sept. 23.
@73769390: yeah way too high I'll wait when it's 50$ then I'll buy
Maxeon Solar shares halted their fall this week after news that Cypress Creek Renewables chose the firm for installing infrastructure at power plants, according to a press rlease.
Thanks for reading!
* 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
Alright, next week is FOMC week, will we see a rate cut? 25 bps? 50 bps? Tell me your predictions, and afterward tell me your analysis.
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: Moomoo Technologies Inc. is providing this content for information and educational use only.
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EZ_money : that trump gif is hilarious
HuatLady : Thank you for the rewards![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Political uncertainty such as the upcoming elections and ongoing global tensions is causing instability in the economy. These factors create challenges for businesses and consumers, leading to cautious spending and investment. In response a small rate cut could make borrowing cheaper, encouraging spending and investment, which would help steady the economy. Because of this I am predicting a 25 basis points cut to support economic stability in these uncertain times.
Popular on moomoo OP EZ_money : haha I know![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Green Monster : Inflation is still stubborn.
102362254 : I think a 25 bps rate cut seems more likely than a 50 bps cut. Fed is likely to take a careful approach, aiming to control inflation without causing harm to the economy. While they want to bring inflation down, they also need to be mindful of keeping the economy growing at a healthy pace, which is why they may opt for a smaller rate cut?
HuatEver : The recent drop in the unemployment rate to 4.2% suggests a relatively strong labour market overall. However, the slowdown in wage growth and job creation points to underlying weaknesses, indicating that supportive monetary policy may be necessary to sustain momentum. Therefore, I’m predicting a 25 bps to help counter these trends.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Shootingstar : election is coming I am surprised Kamala has not put turrets at the borders so I guess -100 to 200bps points for American citizens to love their leaders
mr_cashcow : Thanks again for the reward points, I predicts a 25 bps rate cut, the majority consensus and data all seems to point to a cut of around 25 bps and with election just around the corner I don't think they would make any surprise gotcha movements and just keep it within expectations![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
HYGWE : 0.25% rate cut shows Fed doesn't think economy is tanking into recession while still concern about sticky inflation....more important to read their minutes
Samothy L Jackson : thanks for @ -ing my post last week on ninvida!
exited to see what Nvidia does this coming week after its jump back bast 117
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