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 and PPI for February both exceeded expectations. Wall Street analysts generally believe that US inflation is still stubborn. This is not the situation the Fed wants to see. However, most analysts said that the February inflation data will not affect the expectations that the Federal Reserve will start cutting interest rates in the second half of the year, and the three major US stock indices still recorded slight increases during the week.
As of Thursday, the Dow had a cumulative increase of 0.47% during the week to 38905.66 points; the S&P 500 index had a cumulative increase of 0.52% to 5150.48 points during the same period; and the NASDAQ had a cumulative increase of 0.27% to 16128.53 points during the same period.
China Securities outperformed the market this week, and the NASDAQ China Golden Dragon Index recorded three consecutive gains during the week.$PDD Holdings (PDD.US)$,$JD.com (JD.US)$Weekly gains of 11.65% and 9.29%, respectively.
Industry insiders pointed out that various factors, such as recent domestic economic data exceeding expectations, falling interest rates on US bonds, and a correction in other Asian markets, have supported the recent strengthening of China's asset market. According to the analysis, even if US inflation remains stubborn, the Federal Reserve is still likely to start cutting interest rates in the second half of the year, and we should actively pay attention to overseas undervalued Chinese assets in the near future.
Good performance boosts stock prices,$Oracle (ORCL.US)$The cumulative increase during the week was nearly 12%, and the increase during the year was nearly 20%.
According to financial reports, Oracle's cloud computing revenue for the third fiscal quarter surged 25% to US$5.1 billion, exceeding expectations, and remaining performance obligations (a measure of backlog orders) increased sharply year over year. William Blair analyst Naji pointed out that Oracle's remaining performance obligations surged 29% year over year to more than 80 billion US dollars, while the growth rate for the first two fiscal quarters was only 7%, reflecting a surge in artificial intelligence orders.
Bitcoin once broke through the $73,000 mark!$MicroStrategy (MSTR.US)$It surged nearly 18% during the week, with a cumulative increase of 165% so far this year.
MicroStrategy announced that it purchased 12,000 bitcoins for just over $800 million, bringing its total holdings to 205,000, and its CEO says cryptocurrencies will become a more valuable asset than gold in the future. Furthermore, Bitcoin once broke through $73,000 during the week to a record high, surpassing silver in total market capitalization.
Global supply shortages are boosting copper prices.$Southern Copper (SCCO.US)$,$Freeport-McMoRan (FCX.US)$The weekly gains were 12.63% and 8.71%, respectively.
Driven by global supply shortages, copper prices hit an 11-month high. As for the future market, thanks to supply-side shortages and continued growth in consumption, S&P Global predicts that copper prices are expected to hit a high of 13,000 US dollars per ton this year.
On the other hand, the weakest performing stocks this week are as follows:
editor/tolk