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 : Who will be the bell of the ball this June?
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! Next week, the Buzz will come out on Saturday. I'm on vacation till then! I will send updates with pictures of London!
Make Your Choice
Weekly Buzz
Major stock indexes pulled back Friday, but the Nasdaq still climbed to a Fifth closing high.
For the week, the $S&P 500 Index (.SPX.US)$ advanced 1.58%, while the $Dow Jones Industrial Average (.DJI.US)$ fell 0.54%. The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ climbed 3.24%. The Nasdaq and S&P hit four closing highs by Thursday, and all time trading highs Thursday.
In tech, there was a 'biggest boy' competition between Nvidia, Microsoft, and Apple this week, each grappling for the position of a most valuable company rated by market cap.
Friday, the University of Michigan consumer sentiment index declined to a seven-month low of 65.6 in June, from 69.1 in May, data released Friday morning showed. That's less than the 72 expected by Wall Street, according to Benzinga. Long-run inflation expectations inched up to 3.1% this month, from 3% in May, staying well above the 2.2%-2.6% range seen in the two years before the global pandemic hit, data showed.
That followed the producer price index data released Thursday, which came in lower than expected.
Wednesday was the busiest day of the week when the Federal Open Market Committee decided to keep the interest rates unchanged while policymakers issued projections of just one rate cut for this year, less than the three they forecasted in March.
Anyway, let's dive into the buzzing stocks this week:
1. $GameStop (GME.US)$ - Buzzing Stars: ⭐⭐⭐⭐⭐
Thursday, Kieth Gill posted on his Reddit account "DeepF-kingValue," showing he sold his 120,000 call options and bought another 4,001,000 GameStop shares. He now owns 9,001,000 shares, the same amount owned by CEO Ryan Cohen before the 2020 GameStop short squeeze. Cohen now owns about 36 million shares according to SEC filings.
@紫外线: 'Short selling is legal.' Is it illegal to hold stocks?I feel short selling is a just existence？
2. $NVIDIA (NVDA.US)$ Buzzing Stars: ⭐⭐⭐⭐
The $3 trillion market- value club now has three members: $Microsoft (MSFT.US)$, $NVIDIA (NVDA.US)$, and $Apple (AAPL.US)$. Their differing artificial-intelligence strategies which will likely determine who gets to the next trillion-dollar milestone first. Nvidia was ahead of Apple last week, before its Monday stock split, and Apples AI tech showcase.
"We believe over the next year, the race to $4 trillion in market cap in tech will be front and center between Nvidia, Apple, and Microsoft," wrote Wedbush analyst Daniel Ives in a research note.
@R30R : Love the bull run on a market day with strong headwinds.
3. $Apple (AAPL.US)$ - Buzzing Stars: ⭐⭐⭐⭐
Apple hit the mark for the most valuable company in the world Wednesday, overtaking Microsoft at the top with a market cap of $3.33T. Just last week, $NVIDIA (NVDA.US)$ overtook $Apple (AAPL.US)$ for the position of #2 in excitement for the stock's 10-1 split Monday. Apple made its own news Monday, when the firm introduced new AI software in a showcase, promising GTP 4 for Siri and Mac products this summer.
Microsoft retook Apple just barley Friday at $3.29 T.
Apple also showed off its language model tech, which would work on devices or on the cloud through Apple chips, as opposed to the Nvidia processors the rest of the world uses, leading to a historic high stock price and two day climb.
@Tony Jones820: Apple is leaving 210-215 in the past for good. apple will never trade below $215 again after next week .
4. $Tesla (TSLA.US)$ - Buzzing Stars: ⭐⭐⭐⭐
Tesla Inc. investors voted for CEO Elon Musk’s $56B compensation package and moving the company’s state of incorporation to Texas at its annual meeting Thursday in Austin. Tesla General Counsel Brandon Ehrhart announced the results before welcoming Musk to the stage. As the crowd chanted for him, Musk said, “Hot damn, I love you guys,” adding that the electric carmaker has the “most awesome shareholder base.”
@SupaNoob: May end up at 180 by close. Bears are usually afraid of holding over the weekend, so may take profit towards market close.
5. $Faraday Future Intelligent Electric Inc. (FFIE.US)$ - Buzzing Stars: ⭐⭐⭐
FF Thursday delivered a new model to a retail investor, but that did not hold back a stock drawdown in the past two weeks, seeing a 60% fall after the ticker hit meme stock status.
@74718590 $Faraday Future Intelligent Electric Inc. (FFIE.US)$ everyday above 0.5 is a win!!
6. $AMC Entertainment (AMC.US)$ - Buzzing Stars: ⭐⭐⭐
A caller recently asked Jim Cramer about AMC Entertainment Holdings, and he told them:
"I want you to sell, take your capital out."
Cramer said that the balance sheet of AMC Entertainment Holdings "is not good" and the box office numbers are "horrendous." AMC shares flew to the moon following the return of "Roaring Kitty" but the stock is down 21% for the year. During its earnings call, the firm warned of a weaker Q2, posting a net loss of about 61C a share in May, and said strikes had slashed the number of film releases. Attendance in theaters fell 5.8% to 30.5 million in the first quarter.
User said: I don't understand why options are even allowed if there are Failure to Deliver problems
7. $Bitcoin (BTC.CC)$ - Buzzing Stars: ⭐⭐⭐
Bitcoin spiked to nearly $70,000 Wednesday following the release of cooler-than-expected consumer price data for May. However, the uptrend didn't last long as Federal Reserve Chair Jerome Powell remarked that policymakers
"want to gain further confidence" on inflation before considering interest rate cuts cooled market enthusiasm.
@EZ_money: monthly chart looks bad for bulls. KDJ off the charts.
8. $Crown Electrokinetics (CRKN.US)$ - Buzzing Stars: ⭐⭐⭐
Crown Electrokinetics Corp. shares are trading higher by 6.9% to $0.09 during Wednesday's session after the company announced that its request for continued listing on the Nasdaq was approved. A hearing regarding the matter took place on May 7. Friday, the firm's price dropped a dramatic 21%.
@PleasebeGOOD: it is friday anyways hope it is better next week..gg
9. $NIO Inc (NIO.US)$ - Buzzing Stars: ⭐⭐⭐
Qin Lihong, co-founder and president of NIO Inc has reportedly urged additional companies, including Huawei Technologies to join the battery swap alliance it spearheads, aiming to enhance electric vehicle (EV) battery longevity concerns.
During his speech at the China Auto Bluebook Forum 2024, Lihong emphasized the pressing need to address battery life challenges, likening it to the proactive preparation required for an aging population, as reported by CnEVPost.
@Uncle Leon sg: China EV drives you
10. $Advanced Micro Devices (AMD.US)$ - Buzzing Stars: ⭐⭐
AMD stock has climbed just 0.8% since its earnings report April, despite the AI and semiconductor company hype train. The firm showed reported revenues of $5.47 billion, up 2.2% year on year, in line with analysts' expectations. It was a mixed quarter for the company, with a decent beat of analysts' EPS estimates but an increase in its inventory levels.
"We delivered strong first quarter results with our Data Center and Client segments each growing more than 80% year-over-year driven by the ramp of MI300 AI accelerator shipments and the adoption of our Ryzen and EPYC processors," said AMD Chair and CEO Dr. Lisa Su.
@jiecheng1314: who still wanna short?
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
What is your advice for someone new to options trading?
PS I want to interview you for mooers stories! You guys have amazing stock knowledge!
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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CornpopBadDude : CRKN
Gman511 : CRKN
Gman511 :
73946169 : most valuable will be gold or minerals as the market tanks, in my opinion
Blank282 73946169 : I doubt it tho a finite resource and a valuable one but the stuff we use in a day to day will be worth more over time
102362254 : What is your advice for someone new to options trading?
Options trading can be profitable, but it demands discipline, deep knowledge, and a strategic approach. Begin cautiously, educate yourself thoroughly, and slowly scale up your involvement as you build confidence and expertise.
73946169 Blank282 : whats inside that thing you use daily (your phone) gold, and minerals
Tony Jones820 Gman511 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Blank282 73946169 : yes but the company itself will make you more that's what I mean stupid
73946169 Blank282 : sorry guy, what company? why am i stupid? for having an opinion?
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