NVDA
NVIDIA
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Tesla
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Palantir
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Amazon
-- 188.615 GOOG
Alphabet-C
-- 155.510 
Weekly Syrup: Mag 7 go sideways as the election in on the way?
Hey mooers!![]()
Semiconductor stocks struggled, with the PHLX Semiconductor Sector Index down 3%. $Super Micro Computer (SMCI.US)$ plummeted 34% after its auditor resigned over concerns with financial statements, amidst a Department of Justice investigation following a negative report. Additionally, $Advanced Micro Devices (AMD.US)$ dropped 10% due to poor fourth-quarter guidance, affecting other chipmakers like $NVIDIA (NVDA.US)$, $Broadcom (AVGO.US)$, and $Intel (INTC.US)$, which saw losses of up to 2%. Read more>>
Utilizing moomoo for the earnings season
The earnings calendar feature lists companies that are about to release their earnings reports soon, allowing investors to add calendar reminders for companies they are interested in. Go to moomoo: Markets> Country' sub-tab> Earnings.
But before other recaps, let's look at something different:
What's Moo'ed?
"What's Moo'ed" is a space that captures fun, newsworthy, jaw-dropping and sometimes confusing (lmao) news clips for mooers so that you know this is a colorful world (or a weird and speechless one).
1. You can never tell ![]()
Model and former Miss World Australia contestant Kanika Batra-Matheson, 28, surprised her social media followers by disclosing her sociopathic personality type, describing how sociopaths typically have a "dead" look in their eyes and an emotionless, blank stare. It might not be so accurate, as people who work overtime or hangover also share the same look.
2. The haunted parade ![]()
Halloween celebrants in Dublin were left feeling tricked and disappointed after turning up in large numbers for a highly anticipated parade that, it turned out, was never actually planned. I guess time traveling is real: They lived the April Fools' Day. And at least they exercised a bit.
3. Hello darkness, my old friend ![]()
Mississippi marketing director Sara Trent accidentally fell asleep with fake tanner on her face, allowing it to develop for over eight hours instead of the recommended one hour. The good news is that at least she woke up in time. She would be invisible in the night if she tanned for a few more hours.
Okay, let's dive back to the syrup:
The eagerly awaited U.S. presidential election is set to commence on November 5, likely ushering in a turbulent market period. As the date approaches, investors are preparing for increased volatility. What are the potential effects and strategies you should consider? ![]()
Additionally, as October progressed, Harris's lead in polls diminished, particularly in crucial swing states, leading to a rise in bets on a Trump win on platforms like Polymarket.
Since late September, $Trump Media & Technology (DJT.US)$, a key stock in the "Trump trade," has experienced a significant rebound, with its stock price soaring from under $12 to nearly $55, an increase of over 360%. Read more>>
How to prepare for this coming result? Check out the detailed guide in our recent piece about ETFs>>
Now let's check out what mooers are talking about these days:
$Coinbase (COIN.US)$ I've been running put credit spreads every time coin dips below 190 and it's been quite fruitful. there is a bullish sentiment on crypto no matter what anyone thinks. whales won't let this drop to unfathomable levels. I suspect algorithmic buying at around $150 price, which leads me to believe shorting put credit spreads under 120p is a set it and forget it strategy. best of luck everyone
I'm still learning. Hopefully one day I will quit my job and trade for living.
Shoutout moment! ![]()
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Join us live on November 5th for a special U.S. election day event on moomoo news. Watch the votes being counted with our news team and guests, and get insights on market impacts with our moomoo analysis as AP News calls the results state by state.
Tune in starting at 6:30 PM ET for a night-long stream. Subscribe now to participate in the live discussion and hear from our colleagues at moomoo Singapore and moomoo AU.
What do you think of Mag 7, election and other stuff? And what's your take on other hot issues in the past week? How can they earn you more money(we pray that for you)?
Share your stories, ideas, feelings and emojis in the comments below:
Event time: From now until November 10, 2024, at 24:00 ET time.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102362254 : The U.S. elections and COP29 climate talks are in the spotlight, shaping future policies and public opinion. Staying updated on these events can help with smarter investment decisions as they may impact markets and reveal new opportunities for me
ChengHoe : I think mag 7 is good for long term investment. I am looking good to Nvidia. if election cause big drop is good opportunity to buy it.
WanEH : now everybody are concern to the election result. I guess the stock market will drop as the result is hard to be announced. Harris and trump have the almost same support. So I think Nvidia will be good choice if it has drop during the election result.
LCS168 : mag 7 has the good fundamental and also good future prospects. Nvidia profit is keep increasing. I will topup Nvidia and amd if has big discount.
CNNT : Mag7 is good for the long term and the election euphoria is high at the moment, so this will fuel another bull run. But for how long? The PE ratio of some of these stocks are way above what's reasonable and how realistic the future earning can meet those high expectations. I think we might see a slower growth or even an adjustment at some point in 2025 to take some heat off the high valuation.
Jason Fung : Mag 7 should continue to do well regardless of which party won the election. They have solid fundamentals and are all invested in AI and benefitting from it. Some may say Mag 7 are overvalued but no one really knows and the market may continue the bull run.