Weekly Buzz | Market chugs along on sleepy post-holiday volume, awaiting Black Friday results
Happy Friday, 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!
Make Your Choice
Weekly Buzz | Market chugs along on sleepy post-holiday volume, awaiting Black Friday results
U.S. stock indexes changed little after Friday's shortened post-Thanksgiving session, which typically sees low volume as many traders opt to take the day off. The week saw a slight pullback from a booming market after inflation figures came in low, and the Fed showed interest rates are not going up soon. FOMC meeting minutes Tuesday illustrated that Fed members would raise rates again if they had to.
The SPX barely moved 0.06% Friday and up 1% for the week, to 4,559. The IXIC dropped 0.11% on the day but rose 0.89% for the week to 14,250. The DJI rose 0.33% on the day and 1.27% for the week at 35,390. It reached its highest point since Aug. 1.
Investors returned from Thursday's Thanksgiving Day break to a shortened day of trading on Friday. Major U.S. stock exchanges closed at 1 p.m. EST.
An abbreviated trading session is also expected for the bond market, which saw yields rising across the board on the heels of a selloff of European bonds due to concerns over higher interest rates and borrowing woes for Germany. The yield on the 10-year Treasury note rose seven basis points to 4.482%. Crude oil and futures dropped all week, down Friday 1.52% to $75 abarrel after OPEC delayed its scheduled Sunday meeting. MarketWatch reported that Thanksgiving week traditionally sees lighter volumes, down about 40% on Friday, which can make markets choppier.
Although results from Nvidia -- which saw its shares drop despite forecast-beating results -- have dampened some of the market's enthusiasm, November is the best month for the S&P 500 since July 2022, according to FactSet data. Retailers such as Amazon, Walmart, Target, and payment providers like Mastercard and Visa will be in focus next week as the Black Friday shopping spree kicks off the holiday shopping season. Some analysts expect the 2023 holiday shopping period to resemble the pre-COVID years, and sales will not be as impressive, MarketWatch reported.
Let's dive into the weekly buzzing stock list this week:
In recent news: Four years after its initial launch event, the Tesla Cybertruck is finally rolling into full production at the end of the month. At least, that's what $Tesla(TSLA.US)$ has said, aiming for a Nov. 30 delivery event at its Texas "gigafactory."
In recent news: Nvidia's earnings were impressive but still insufficient to push the stock higher, Benzinga reported. However, the company did enough to show that rivals such as Advanced Micro Devices and Intel have a long way to go to catch up with regard to artificial-intelligence chips.
@102125877 : Can someone tell me what causes this panic selling ever since Q3 good earnings reported.
In recent news: Moomoo reported that shares are trading lower by 7% Tuesday on continued downward momentum. The stock hit a new 52-week low of $6.59 per share on Tuesday.
@72919001 : funny thing what ive recently realized ... many of "former" amc for speaking youtubers have all off a sudden "and especially now when massive missing self reporting ftds, sold not yet purchaced, bdr unclearity r under discussion and investigations etc."
In recent news: The Wall Street Journal reported that after a hectic few days, it looks like it's all back to where it started -- Sam Altman is returning to OpenAI as chief executive. The question now is what changes Microsoft can secure to improve its control of the artificial intelligence start-up.
OpenAI said early Wednesday that it had reached an agreement in principle for Altman to return as CEO alongside the appointment of a new board of directors, in a post on social-media site X, formerly Twitter.
@Combo: Ending on a sideway trade today
In recent news: NIO founder and Chairman William Li has underscored the increasing competition as carmakers switch from high-end gas cars to electric vehicles, Yicai Global reported Wednesday.
@NOOB212 : Useless CEO running a good company. Pity pity!!
In recent news: The export of iPhones from India by Apple has shot up to an impressive $5 billion in just seven months from April to October, according to Banzinga. This marks a staggering 177% increase compared to the same timeframe the previous year when exports were valued at $1.8 billion.
@LeCedric : Might see a pull back 182 from bull high then bounce back
In recent news: Investing.com reported that Goldman Sachs maintained a Buy rating and $134 per share price target on Alibaba in a note to clients Friday. Analysts told investors that they see upside ahead for the stock based on a favorable risk/reward.
102319027 : imagine having to announce the sale and price tanks 10%, realise you can't hit your TP, make public statement that you are very confident of the company but price still tank.
In recent news: Pathikrit Bose from Barchart wrote that AMD is One AI chip stock that's comfortably outpacing most of its semiconductor peers this year..
@Rockyturki : Semiconductor annual Total Shareholder Returns over the last decade. NVIDIA and AMD lead the way.
In recent news: MT Newswires reported that Singapore Telecommunications Optus subsidiary secured four spectrum lots in the latest Australian government spectrum auction for a total of AU$33.5 million. The telco won 20 megahertz of mid-range 3.7 gigahertz spectrum across North New South Wales and South Queensland, according to a Thursday release.
@KSGX : Time for boarding or abandon
In recent news: MT Newswires reported that Ryan D. Taylor, Chief Revenue Officer and Chief Legal Officer, around November 20, 2023, sold 124,623 shares in Palantir Technologies for $2,596,654. Following the Form 4 filing with the SEC, Taylor has control over a total of 212,033 shares of the company, with 212,033 shares held directly.
@MoonWalker777 : Good chance ppl are tripping about insider trading on the 20th.... which was just profit taking. It's in the past, already done. Just be patient.
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!
Notice:
A reward will be sent to you this week. Please feel free to contact us if there is an issue.
Weekly Topic
When the market shows low volume, what are your go-to investment moves? Wait and hold, or time to accumulate?
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.
Read more
Comment
Sign in to post a comment
102362254 : When the market shows low volume, I’ll use options strategies such as iron condors, calendars, butterflies or straddles that suit low volatility. These strategies can help me profit from a stable or slightly moving market, while limiting my risks and exposure.
Hua Moo Lan : Low volume is likely to indicate the reduced interest among investors and may result in increased price volatility hence calls for a more cautious market approach and investment strategies. Personally, I am more inclined to accumulate the stocks rather than to wait and hold.
Reason behind is that being a mid to long term investor, a low volume market which comes with higher volatility simply means there’s an opportunity to accumulate good stocks at attracted price through profound technical analysis - keeping an eye on patterns and indicators that may signal price movements, market news/events and strike at the right time. Portfolio diversification is also highly recommended in low-volume environment to spread risk across different assets and sectors.
HuatLady : I tend to be conservative and adhere to my aged old but diamond studded theory of stocks diversification when the market shows low volume. It will help me to decrease the risks by rebalancing my portfolio. Therefore, regardless of market volatility, it is important to accumulate very cautiously. They are small steps towards Big Impacts.
ZnWC : Low volume is expected in November and December due to holiday season. We may even see profit taking as investors decided to take a break or celebrate. If you're taking long position, there's nothing to worry about as long as the company fundamental is still healthy.
If we are looking at the entire year, tech stocks especially magnificent seven stock value increase. There may be some stock price drop due to various reasons (like Nvdia, Microsoft and Tesla) or simply price correction.
Current situation is much better than a year ago. Fed has paused rate hike, most countries has resumed travel and promote trade and US dollars are dropping. Previously I predicted 3 sectors may see strong growth - ArtificiaI Intelligence, Supercomputing and Ultra-fast internet (6G and beyond). We are looking at the rise of AGI (General Intelligence).
How to invest will depend the holding power you have. Will the stock market crash further or waiting for a reason to rally? I prefer to believe the latter and hold.
小trader : As a fundamental analysis-driven investor, my primary focus is on assessing the underlying strength and value of a company. While I rely heavily on fundamentals and intrinsic value to shape my investment thesis, I also acknowledge the significance of market volume.
Volume serves as a crucial indicator of market activity and can provide valuable insights into the level of interest and participation from investors. Low volume may suggest reduced liquidity, potentially leading to increased price volatility. This scenario can make it challenging to execute trades at desired prices, emphasizing the importance of strategic decision-making.
In times of low volume, I maintain a dual perspective. Firstly, I adhere to my fundamental analysis, ensuring that the company's core strengths align with my investment criteria. Simultaneously, I remain vigilant to the market dynamics influenced by volume, considering it as a factor that could impact short-term price movements.
In essence, while fundamentals guide my long-term investment strategy, I recognize the significance of market volume in navigating the current landscape. Balancing both perspectives allows for a more comprehensive approach to decision-making in varying market conditions.
HuatEver : Surviving the low market volume doesn’t always require precision talents or huge commitments. These simple yet impactful ways will do the trick:-
To keep cool as long as I know my Risks Tolerances. Panic selling can be my downfall.
To identify good value stocks and to accumulate them at attainable prices. I will focus on Defensive stocks such as consumers stables, utilities and pharmaceuticals because they generally do well on earnings and dividends payments regardless whether it is a bear or bull market.
Rizwan Khan : $FITTERS (9318.MY)$
cola1010 : Low-volume market situations should be viewed with caution, as they frequently indicate increased price volatility and less liquidity. I will hold onto my investments, utilising a dollar-cost averaging technique to steadily grow assets, focusing on high-quality equities or alternative investments, and remaining knowledgeable about market trends and economic indicators are all strategies. DYODD to align investment approach with the long-term financial goals and risk tolerance.