TSLA
Tesla
-- 278.390 NVDA
NVIDIA
-- 121.410 AMD
Advanced Micro Devices
-- 113.850 MLGO
MicroAlgo
-- 13.990 PLTR
Palantir
-- 96.750 
Weekly Buzz: Now THOSE are records!!
Happy weekend investors! Welcome back to Weekly Buzz where we talk about the top ten buzzing stocks 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 finished the week with a climb to fresh highs after unemployment data came in with an expected rise, leading to hopes that interest rates will come down again in December. It was the fourth day for records this week for the S&P 500.
For the week, the $S&P 500 Index (.SPX.US)$ climbed 0.96%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.60%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 3.34%.
In macro, the unemployment rate climbed to 4.2%, getting close to the two-year high of 4.3% set in February of this year. Nonfarm payrolls rose to 227,000. Investors were expecting the unemployment rate but not the jump in nonfarm payrolls, but economists told CNBC they expected the Fed to use this as a sign to cut rates this month.
Wednesday, Federal Reserve Chair Jerome Powell said the economy looks better now than when the central bank began cutting interest rates in September, which means the Fed can move more slowly in reducing borrowing costs.
"We wanted to send a strong signal that we were going to support the labor market if it continued to weaken," Powell said during Wednesday's New York Times DealBook Summit.
Powell also said he did not think the presumptive incoming Treasury Secretary nominee would create a 'shadow Fed chair' that calls the shots. He spoke about Scott Bessent's interview in Barron's-- Bessent is President-elect Trump's pick for Treasury Secretary, who said he would name a Fed chair successor right away to replace Powell when he presumably leaves in 2026. Bessent said the incoming Fed chair could talk about Monetary Policy and affect markets without acting as the real Fed Chair.
"I don't think that's on the table at all," Powell said "There's a set of institutional relationships between the Fed and every administration."
According to S&P and ISM PMI numbers released Wednesday, manufacturing and service prices continued to climb in November, according to S&P and ISM PMI numbers released Wednesday. Still, prices did not climb as much as estimated.
$Crude Oil Futures(MAY5) (CLmain.US)$ remained at $67 by the end of the week after a Thursday OPEC+ meeting, which went as analysts had expected: the cartel decided to hold back on its production cut yet again.
Federal Reserve Governor Christopher Waller said Monday that although inflation has stalled, he still leans toward another rate cut. Waller said that overacting at a time like this would hurt the economy more, speaking at the American Institute for Economic Research Monetary Conference.
Last week's Wednesday PCE- the Fed's favorite gauge- ticked a year-over-year increase of 2.3% in October from 2.1% in September. The increase in the core PCE measure was 2.8% year over year, climbing 0.1% higher than September's 2.7%.
Waller said it still makes sense for policymakers to cut interest rates at the Dec. 17-18 meeting of the Federal Open Market Committee.
Anyway, let's dive into the buzzing stocks this week:
Ripple, a cryptocurrency, was the top traded equity on moomoo this week, which has never happened. The coin jumped 25% at one point after the firm launched a stablecoin called RLUSD, following Trump's bitcoin-supportive cabinet members in the SEC and the creation of a White House Crypto Czar position. Ripple has been in a legal battle with the SEC for years over alleged Securities Fraud claims.
According to Reuters, Nvidia news this week came in the form of a rumor it would work with Taiwan Semiconductor Manufacturing to manufacture its Blackwell artificial intelligence chips at TSMC's Arizona facility. Blackwell chips have thus far been produced exclusively in Taiwan. According to the report, TSMC aims to begin production at the Arizona site as early as 2025 on these next-gen chips, which are claimed to be 30X faster than current benchmarks.
@101721316: don"t panic
$Super Micro Computer (SMCI.US)$ climbed 29% intraday Monday after news about its auditing and financial situation came out Monday. The data-center cooling tower firm said its Board of Directors formed a committee that has found no issues but recommended a new CFO. The stock climbed all week and jumped even higher Tuesday.
The Firm's previous auditor, Ernst and Young, resigned on October 24th after the auditor alleged there were accounting and governance issues at SMCI that would hold back its year-end report filing. According to SMCI's press release, this was a known issue, and the firm hired a special committee of lawyers at Cooley LLP and forensic accountants at Secretariat Advisors, LLC back in July.
"In late July 2024, EY communicated to the Audit Committee concerns about several matters relating to governance, transparency, and completeness of communications to EY, and other matters about the Company’s internal control over financial reporting, and that the timely filing of the Company’s annual report was at significant risk," the firm wrote. "In response, the Board appointed an independent special committee of the Board."
The firm said the special committee found that EY had misrepresented the facts, but the board would look to replace the CFO. Still, the firm said it did not have to redo any financial reports in 2024, though it gave no indication of when its new Auditor, BDO, would file the still late June report.
@Northern Lights: Are the Bears freaking out yet?
Wednesday, a Tesla engineer said the Cybercab would have about half the parts of a Model 3, according to Barrons.
The firm plans to launch a self-driving robotaxi service in late 2025. Wedbush analyst Dan Ives said in a note the self-driving business is a trillion-dollar opportunity for Tesla. The firm also came into the news after a Delaware judge Monday struck down a 2018 compensation plan for CEO Elon Musk of $Tesla (TSLA.US)$ -- news that comes six months after Tesla shareholders approved the pay package for a second time.
However, Delaware Chancery Court Judge Kathleen McCormick ruled in January that the pay package would be voided because Tesla's board was influenced by Musk when they adopted the plan. A Tesla shareholder previously brought forth a lawsuit against the plan.
@Super Waves: are you ready for all time high soon
Crypto companies climbed all week after Bitcoin finally hit the 100k mark, reaching $104k, and reclaimed that level on Friday. Bitcoin jumped in part after Trump selected David Sacks, a venture capitalist as the new White House Crypto and AI "Czar." Trump also announced Paul Atkins to chair the Securities and Exchange Commission.
Atkins is the co-chair of the Token Alliance, a cryptocurrency advocacy organization.
@TheMantis: 110 tomorrow?
$Strategy (MSTR.US)$said Monday, the Thanksgiving holiday didn't stop it from buying more Bitcoin-- between Nov. 25 and Dec. 1, it spent $1.5 billion to acquire about 15,400 $Bitcoin (BTC.CC)$ at an average price of $95k. That followed the $5.4 billion it paid to purchase 55,500 bitcoins at an average price of $97,862 each between Nov. 18 and Nov. 24.
@105231892: btc going up mstr down
PLTR started its climb this week with a 6.8% climb Tuesday after the firm received "FedRAMP High Authorization," enabling the U.S. government to process sensitive, unclassified data. Thursday, the firm announced it grew its collaboration with Shield AI to develop what the firm described as large-scale systems for autonomous operations.
@Lucky11每天賺一萬刀 Join Nasdaq 100 next friday!!
Trump Media has been mostly out of the media while the man himself has run the media cycle like he usually does when gearing up to or sitting in the Oval Office. There has been a deluge of Trump news as he picks cabinet members, and politicians from both sides of the aisle fight over whether the Senate should confirm, investigate, or support those picks, but few stories have been written about Trump Media the stock. Still, it climbed upwards of 17% at one point for the week.
@Ken Griffin Charity: Hype for GME has died down This means that the action should be returning to DJT!
$SoundHound AI (SOUN.US)$ shares surged this week, trading 30% higher intraday Thursday. The stock gained nearly 100% over the past month, driven by developments in its technology deployment, increased market enthusiasm for conversational AI, and after the firm reported improved financial performance.
@Sprinter2021 My best stock in my portfolio
@meowmeowmeowmeoww santa come to town but amd not in town come on
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.
Weekly Topic
Are you looking forward to anything in particular next year? What was your favorite trading moment in 2024?
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.
Awards
Congrats to the following mooers whose comments were selected as the top comments last week!
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Kevin Travers
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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Dadacai : My favourite trading moment in 2024 is seeing my stocks hit new high eg $Apple (AAPL.US)$ $DBS (D05.SG)$ $SGX (S68.SG)$ . January 2025 is when Trump takes office so it will be a much watched month. Can’t say I’m looking forward to it if it causes things to become more expensive. More of waiting for the hammer to drop.
ZnWC : Thanks for the event![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Here is my input:
1) My favourite trading moment is to see my investment strategy work - gaining profit in a sustainable way. My strategy includes four "D": Distribution, Diversification, Discipline and DYODD. Read here:
Recap the most inspiring moment in my investment journey in 2024
2) I predicted that Q4 2024 is the dawn of a bull market and the uptrending will continue to the first quarter next year. My focus is still on M7 stocks like Amazon and Meta. But I may invest more in Tech ETF like S&P500 instead of a single stock to reduce any volatility risk. (Diversification)
3) I am shifting from Dollar Cost Averaging to Value Averaging - buy more when the price dip and hold/sell when it rises. For such a trading strategy to work, I need to work closely with TA indicators and to follow strictly to an P/L exit plan (Discipline)
4) Instead of timing value stocks which are becoming more expensive, I plan to buy call options. Under a bull market environment, the goal is to profit from higher premiums and you may buy the stock at a cheaper price as compared to the current price.
5) I foresee the market may crash (low probability) due to an unsubstainable US federal government debt and/or a worsen US-China geopolitical tension. Hence as a risk management, I will sell the overvalued stocks and invest some money in safer assets like Moomoo cash plus funds.
Shootingstar : I stole the adorable cat picture
Stock_Drift : $Super Micro Computer (SMCI.US)$ Late News.
HuatLady : I am really excited about exploring new investment opportunities in 2025. This year my favourite moment was capitalizeing on election-related stocks which provided valuable lessons. As we approach the end of 2024, there are strong signs of a potential Santa Rally as presidential election year's often see a strong Q4 in the stock market. Adding to this momentum, the rapid growth in tech and AI stocks, along with increasing demand for cloud computing and e-commerce, could further boost the market with companies like $NVIDIA (NVDA.US)$ and $Amazon (AMZN.US)$ leading the way. With historical patterns and current trends aligning, December looks great for investors.![[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")
HuatEver :
Space Dust : US Antimony. UAMY.. small player with massive growth and the center of geopolitics. a critical ingredient for defense.
regret selling DXYZ Destiny Tech.
time machine?.to the 2 week ago self.
just buy granny shots, UAMY, and destiny tech, life will be good..
104247826 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102362254 : I’m excited to explore new investment opportunities next year, especially after $Palantir (PLTR.US)$, my best performing stock, delivered strong results. My best trading moment in 2024 was catching the unexpected market rally mid-year and making a decent profit. It was a great reminder for me to stay flexible and grab opportunities when they come up
Aaron Invests (AI) : Underlooked sector for next year 2025. Thank you for the comment gift
first!
What i would be researching on is the outlook on the $Nuclear Power (LIST2583.US)$ and $Uranium (LIST2430.US)$ sectors. These sectors are the catalyst for the next AI revolution as robotics AI is a power hungry beast.
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