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.
US stocks fluctuated and rose this week, as investors were optimistic about the prospects for the Fed to cut interest rates, and the three major indices rebounded amid weakness. Overnight, the NASDAQ hit a new intraday record high, and the S&P 500 index closed at a record high.
By Thursday's close, the Dow Jones index had a cumulative decline of 0.76%, the S&P 500 had a cumulative increase of 0.39%, and the NASDAQ had a cumulative decline of 0.01%.
10 times the “AI bull stock” in a year$Super Micro Computer (SMCI.US)$The strong momentum has not abated. It has been rising continuously for 4 days during the week, with a cumulative increase of more than 28.08%. The stock price has tripled this year.
Argus Research analyst Jim Kelleher gave the ultra-micro computer a purchase rating. The target price is $1,350, and there is still a potential increase of 16% before Thursday's closing price. The analyst pointed out that ultra-microcomputers provide GPU-based systems that can meet the strict requirements of deep learning and high-performance computing, as well as other applications. He expects the company to achieve strong revenue growth, expanded profit margins, and accelerated earnings per share growth over the next few years.
As Bitcoin soared to a record high of $69,000 this week, concept stocks in the coin industry are also booming. Coin holdings$MicroStrategy (MSTR.US)$Cryptocurrency exchanges rose more than 20% during the week$Coinbase (COIN.US)$Up nearly 18%.
Industry analysts said that the reason for the sharp rise in the price of Bitcoin is driven by traditional rules of supply and demand. In January of this year, after the launch of a Bitcoin spot ETF that can directly invest in Bitcoin, market demand for Bitcoin surged. According to estimates by investment research firm ByteTree, as of Tuesday, Bitcoin held by global ETFs or other investment funds accounted for 5% of the total global supply, up from 4.4% when the US Bitcoin Spot ETF began trading on January 11.
What makes Bitcoin different from other commodities is that its supply is strictly limited, and this dynamic could cause Bitcoin's price to skyrocket.
Southeast Asia's little giant$Sea (SE.US)$The results continued to rise, continuing the rebound trend this year, rising more than 16% during the week and rising more than 46% during the year.
Financial reports show that Q4 revenue increased 4.8% year over year to US$3.62 billion, which is US$70 million higher than market expectations. Basic and diluted losses per share were $0.19, and market expectations were a loss of $0.26. Earnings per share were $0.76 and $0.72, respectively, for the same period last year.
After the results were announced, a number of institutions raised their target prices for the stock. J.P. Morgan raised Sea's price target from $43 to $70, and raised the rating from “neutral” to “overweight.” Wedbush raised its price target from $45 to $72.
On the other hand, the weakest performing stocks this week are as follows: