Wall Street Today: Waiting for macro data paid off
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 | Waiting Pays Off
March kicked off on a high note on Wall Street Friday, with the $标普500指数 (.SPX.US)$ and $纳斯达克综合指数 (.IXIC.US)$ setting new record closes, fueled by the unstoppable surge of tech stocks.
The S&P 500 rose 0.95% for the week to close at a preliminary 5,137.43 record high, while the Nasdaq Composite added 1.74% for the week to a preliminary record finish of 16,274.72. The $道琼斯指数 (.DJI.US)$fell 0.11% for the week to a preliminary 39.086.17 finish, short of the index's Feb. 23 record.
The week could be defined as "waiting for macro" as the market pulled back before GDP and PCE economic data came out. All the while, Bitcoin prices climbed to near-record highs, sending cryptocurrency stocks higher.
Wednesday, GDP updates for the quarter came in at 3.2%. Thursday, PCE came in right on target at 2.8%. Federal Reserve officials began signaling through offhand Fedspeak that this year would see cuts. Toward the end of the day, Cleveland Fed President Loretta Mester said she saw three rate cuts this year.
The U.S. House passed a bill to extend budget talks until next week, the final deadline before a full government shutdown.
Friday, despite the sharper-than-expected contraction revealed by the ISM Manufacturing PMI in February – with the overall index plummeting from 49.5 to 47.8, missing the anticipated 49.1 – investors remained upbeat. The data triggered downward pressure on the dollar and Treasury yields, maintaining firm expectations for Federal Reserve rate cuts.
Elsewhere, $纽约社区银行 (NYCB.US)$ faced renewed scrutiny after disclosing a "material weakness" in its internal controls related to loan review processes, causing shares to plummet by over 20%.
Meanwhile, gold rose some 2% to $2,085/oz, on track for the strongest session since mid-December and set to close at all-time highs.
In economic news, Fed speakers – including Goolsbee, Waller, and Bostic – offered a mixed bag of remarks, though collectively acknowledging the ongoing progress toward disinflation. Additionally, a Fed report highlighted that inflation expectations broadly align with the 2% target.
Let's dive into the weekly buzzing stock list this week:
EV giant Tesla announced the revival of full-self-driving (FSD) software transfers last month for customers delivering their new Tesla vehicles before the end of March. However, since then, estimated delivery times have changed, making new order holders concerned if they will be eligible to reap the offer's benefits. The official Tesla handle took to X on Friday to clarify that customers who ordered a new Tesla but are concerned about losing out on the FSD transfer offer solely because the company extended wait times will still be able to take advantage of the offer.
@101493017 : is it good time to buy?
Nvidia was edging down early on Thursday. The latest technology-company earnings might sound some alarms over the demand for artificial intelligence technology. Earnings reports from technology companies have generally been a boon for Nvidia this year, with Big Tech companies flagging huge investments in artificial intelligence systems. The latest tech results were more mixed, with disappointing guidance from data-software company Snowflake on Wednesday but AI analytics company C3.ai comfortably beat forecasts for its earnings.
@70753195: What's your prediction next Monday? Gap up or down?
$MARA Holdings (MARA.US)$ , usually a contender for the top ten stocks with the highest daily average options volume, climbed 17% Monday alongside the price of bitcoin. The crypto currency climbed 3% by noon, while $Coinbase (COIN.US)$ and $MicroStrategy (MSTR.US)$ climbed 10% and 14%.
@Printing money : I think it's finally going to climb again.
AMC Entertainment Holdings Inc. reported better-than-expected revenue Tuesday and a narrower-than-expected loss in its fourth-quarter results Wednesday, boosted by the performance of Taylor Swift and Beyoncé's concert films. The movie-theater chain and original meme stock reported a net loss of $182 million, or 83 cents a share, compared with a loss of $287.7 million, or $2.64 a share, in the year-prior quarter.
@Revelation 6: Have you seen the dune popcorn bucket?
The stock price of space start-up Intuitive Machines fell this week after the company's lunar lander touched down on the moon's surface Feb. 15, but fell over. It's the first time NASA has returned to the moon in 50-plus years and the first time a private company landed on the satellite, but after transmitting some data, the lander powered down for likely the last time this week, sending the stock back to Earth.
@EZ_money : have to buy the ask price come on folks push
Shares of SoundHound fell 17% Friday after the company reported fourth-quarter results below consensus estimates. The Santa Clara, Calif.-based company, which focuses on voice artificial intelligence, reported revenue up 80% to $17.1 million, just short of analysts' projection of $17.7 million. The stock enjoyed an AI-fueled run-up that took hold after the firm announced an investment by Nvidia in a February filing. According to the filing, the investment was made back in 2017, but that did not stop analysts from expecting better earnings than the market received.
@Daniel Jeya Raman : Expect the unexpected
On Thursday, $SoundHound AI (SOUN.US)$ reported quarterly losses of $(0.070) per share which missed the analyst consensus estimate of $(0.060) by 16.67 percent. The company reported quarterly sales of $17.147 million, which missed the analyst consensus estimate of $17.746 million by 3.37 percent. This is an 80.48 percent increase over sales of $9.501 million last year.
User said: Nb i sold off too early!
Electric vehicle deliveries from Chinese companies Li Auto, NIO, and XPeng fell year after year in February, impacted by the Lunar New Year holiday. NIO delivered 8,132 vehicles in February, down 33% year over year. For January and February combined, NIO delivered 18,187 vehicles, down 12%. Coming into Friday trading, NIO shares have declined 37% in 2024.
@102687906 : everyday drop
Bloomberg News first reported that $苹果 (AAPL.US)$ executives had made the announcement internally Tuesday, with some employees on the car team reportedly being shifted to other parts of the company, particularly Apple's AI division. Other workers will likely be laid off.
@72778662: lol if its down 1% when nasdaq is up 1%, I don't even want to imagine what if its a red nasdaq day
$美国超微公司 (AMD.US)$ reached an all-time high Thursday, limbing over $187/share. The graphics card company, alongside competitor $英伟达 (NVDA.US)$, with 95% of the market for graphics processing units, are poised to benefit because the "gaming upcycle is still strong," BofA Securities said Wednesday in a report on the semiconductor industry.
@Tyler0710: Still up ATH
Thanks for reading!
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Awards
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Weekly Topic
With all-time highs continuing for a usually slow month of Feb. what do you expect the rest of the year to hold?
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.
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102362254 : 尽管2月份表现疲软，但股市仍飙升至历史新高。随着标准普尔500指数继续打破纪录，乐观情绪高涨，专家预计2024年剩余时间将呈现积极趋势。美联储控制通货膨胀的努力增加了降息的希望。尽管不确定性仍然存在，但市场的强劲表现表明未来的一年充满希望。我不会追高点。相反，我将坚持我的多元化策略，耐心等待回调期间的买入机会。
srimoen : 高位和5年传统指数市场呈现积极趋势![[抱拳]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "抱拳")
HuatEver : 由于2月份股市一直保持低迷的历史高点，这表明了潜在的走强，并且有可能在今年余下的时间里出现适度看涨的前景。就我个人而言，我更喜欢被动的方法，选择美元成本平均（DCA），投资ETF，以减少持续的市场监控需求，这种需求可能会让人筋疲力尽。基于当前的环境，我正在考虑将更多资产重新分配给货币市场基金，以增强稳定性。
mr_cashcow : 随着 Elon 起诉 openai，也许他终于会再次成为人们关注的焦点？![[奸笑]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "奸笑")
![[皱眉]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "皱眉")
密切监视 $Tesla (TSLA.US)$ 还有普通的芯片制造商![[哇]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "哇")
HuatLady : 尽管股市在通常缓慢的2月份创下历史新高，但我通过管理自己的预期和避开市场时机来保持稳定的态度。我没有猜测未来的趋势，而是通过定期长期投资高质量股票来优先考虑一致性。该策略符合纪律投资原则，侧重于基本价值资产，而不是市场表现的短期波动。
ZnWC : 在今年的前两个月，第四季度财报公布后，有与人工智能相关的股票股价下跌。3只宏伟的七只股票在财报后表现不佳（特斯拉、苹果和谷歌）。尽管收益达到预期，但即使是百度等与人工智能相关的中国股票也下跌了。
在今年余下的时间里，尽管如此，我仍然看好某些股票，原因有两个：
1。如果公司的基本面良好，那么当不确定性消失时，股价最终将上涨。元平台就是一个很好的例子。一年前，在股价暴跌超过24％至99美元以下，盈利后，没有散户投资者会买入这只股票。
2。一些媒体喜欢报道 “股价下跌是由于收益不佳”，但这样的标题可能过于简化。股票可能会受到宏观不确定性的影响，例如美联储将利率推迟到第三季度或更晚以及中国经济陷入停滞。分析师可能错了，因为他们的预测是基于过去的数据。
底线
重要的是DYODD，投资正确的股票。首先要客观地阅读收益细节；不要依赖媒体头条。其次，查看正面和负面报告，对股票有一个平衡的看法。我不会盲目关注其他人的交易方式，因为他们可能有不同的风险偏好，无论他显示什么图表或数据，都要避开那些有确认偏见的人。
Hua Moo Lan : 股票市场总是充满不确定性，短期内主要受情绪的驱动。虽然我甚至无法预测下一个交易日的情况，但我肯定无法预测今年余下的时间（希望我能，但我做不到![[流泪]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "流泪")
）。
因此，那些基本面良好的公司的平均美元成本仍然是我2024年的战略。但是，鉴于当前市场普遍呈看涨趋势，尤其是人工智能板块，我将继续寻找正确的入场价格并积累人工智能股票，因为我坚信人工智能将改变我们的日常生活。
小trader : 我预计今年余下的时间将受到美国经济实力、美联储降息、劳动力市场和即将到来的美国大选等因素的影响。市场波动可能会持续，投资者可能会青睐中小型股和中国等国际市场。作为长期投资者，专注于基本面强劲的优质公司至关重要，尤其是在科技、医疗保健和能源等领域。分散投资对于有效管理风险仍然很重要。