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, earnings season is in full swing, and the rise in US stocks continues. Both the S&P and NASDAQ rose for four consecutive days. Among them, the S&P 500 index continued to hit record highs. By Thursday's close, the Dow Jones index had a cumulative increase of 0.49% during the week, the S&P 500 index had accumulated a cumulative increase of 1.12%, and the NASDAQ had accumulated a cumulative increase of 1.3%.
Financial disclosure has entered an intensive period, and high-performing stocks are collectively agitated!$Netflix (NFLX.US)$The growth rate of Q4 users was strong, far exceeding Wall Street expectations. The stock price increase was 10% on the day the earnings report was released alone, rising more than 16% throughout the week.
In the third and fourth quarters of 2023, Netflix's performance in terms of the net increase in paying users was impressive, hitting a new high growth rate for two consecutive quarters after the pandemic dividend disappeared. Bank of America analysts further believe that Netflix has won the “streaming war,” drastically raised the target price of the stock to 650 US dollars, and reaffirmed the “buy” rating.
The AI frenzy is unstoppable!$Super Micro Computer (SMCI.US)$It continued to rise on a weekly basis, and increased by 12% this week;$IBM Corp (IBM.US)$After the results, the stock price soared to a record high.
Supported by strong demand for AI services, IBM's performance and revenue guidance for the fourth quarter of 2023 all exceeded expectations. The stock price closed up more than 9% on Thursday, hitting a 10-year high. In addition, the IBM CEO said in a conference call that the company's generative AI business orders doubled in the fourth quarter, helping it expect to achieve revenue growth of about 4%-6% in 2024, while generating $12 billion in free cash flow.
After the earnings report was released, eight Wall Street institutions, including Bank of America and Xiaomo, raised IBM's target price simultaneously; Evercore ISI analysts even chanted “The Blue Giant Returns,” raising the stock's 12-month target price from $200 to $215, with room for a 13% increase from Thursday's closing price.
Multiple benefits to boost stock prices!$NetEase (NTES.US)$The decline was swept away and a rebound was ushered in a sharp rise of 13% during the week, leading the way for popular Chinese securities.
Driven by a number of domestic market stabilization policies and favorable news from the National Standing Committee meeting, Chinese assets generally rebounded this week. Furthermore, with the release of the first batch of domestic game editions this year, market confidence in the game sector has been restored. The agency believes that the number of editions distributed is considerable, and subsequent industry regulation may maintain a steady, moderate and positive trend; with the normalization of version distribution, the restoration of game sentiment is expected to drive steady growth in the market in 2024.
On the other hand, the weakest performing stocks this week are as follows:
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