Editor's note:“This Week's Bullish Stocks in Hong Kong and the US”The section closely follows market trends every week, takes stock of the weekly performance of the Hong Kong and US stock markets, helps bulls sort through the week's hot sectors, strong individual stocks, and major news, and find profitable investment topics.
This week, the US CPI in October slowed beyond expectations. Combined with retail sales ending six months of continuous growth, expectations for the Federal Reserve to complete interest rate hikes were further strengthened. All three major indices recorded three consecutive increases during the week.
As of Thursday, the Dow had a cumulative increase of 1.93% to 34945.47 points; the S&P 500 index had a cumulative increase of 2.11% to 4508.24 points during the same period; the NASDAQ had a cumulative increase of 2.29% to 14113.67 points during the same period.
Among the individual stocks that performed well this week, retail giants$Target (TGT.US)$Overnight, it soared by nearly 18%, the biggest one-day increase since August 2019. It climbed more than 21% to the top of the growth list during the week, and received many relays from institutions after the results.
Goldman Sachs raised its target price to $176 and maintained a “buy” rating; Bank of America raised its target price to $160 and maintained a “buy” rating; Citi raised its target price to $142 and maintained a “hold” rating; Jefferies raised its target price to $150 and maintained a “buy” rating; Wells Fargo raised its rating to “buy” and raised its target price to $148.
Semiconductor giants$Intel (INTC.US)$It recorded an increase of over 11% this week, and its “Pearl of Autonomous Driving”$Mobileye Global (MBLY.US)$There was also a cumulative increase of nearly 10%.
At the Supercomputing 2023 conference, Intel provided numerous updates on its latest HPC and AI plans, including new information on fifth-generation Emerald Rapids and future Granite Rapids Xeon CPUs, Guadi 3 accelerators, new MAX series GPU benchmarks against Nvidia H100 GPUs, and work on the “GenAI” trillion parameter artificial intelligence model running on the Aurora supercomputer.
Mizuho raised Intel's rating from “neutral” to “buy,” and the target price was raised from $37 to $50. The bank believes that the PC and data center market will usher in an “upward cycle” in 2024. Intel is likely to launch important new server products within the next 6 months and will become a foundry customer.
More than tenfold increase in ten years! medical device company$DexCom (DXCM.US)$Zhou rose by more than 11%, and was well received by big fans.
Bank of America reaffirmed Dekang Healthcare's “buy” rating and maintained the target price of 115 US dollars.
Also, several software stocks are on this week's gainers list.$Cloudflare (NET.US)$It rose more than 12% during the week.$Shopify (SHOP.US)$,$Block (SQ.US)$Both rose more than 9% during the week.
On the other hand, the weakest performing stocks this week are as follows:
editor/tolk