NVDA
NVIDIA
-- 144.470 TSLA
Tesla
-- 410.440 PLTR
Palantir
-- 79.890 AMD
Advanced Micro Devices
-- 125.370 CRNC
Cerence
-- 19.330 
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!
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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.
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Weekly Topic
When the market shows low volume, what are your go-to investment moves? Wait and hold, or time to accumulate?
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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.
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.![[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")
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.
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.
HuatEver : Surviving the low market volume doesn’t always require precision talents or huge commitments. These simple yet impactful ways will do the trick:-![[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")
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.