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.
As of Thursday, the Dow had a cumulative decline of 1.14% this week to 38459.08 points; the S&P 500 index had a cumulative decline of 0.1% to 5199.06 points during the same period; the NASDAQ had a cumulative increase of 1.19% to 16,442.2 points during the same period. It is worth mentioning that the NASDAQ rose nearly 2% overnight to a record closing high.
Sound the horn of counterattack?$Tesla (TSLA.US)$It rose nearly 6% during the week, and it is reported that it has become the largest shareholding in the “Cathie Wood” flagship ETF.
Musk previously announced that it will release driverless taxi Robotaxi products. Deutsche Bank analyst Emmanuel Rosner said in this regard that the Robotaxi news is changing the market's view of Tesla. The favorable situation may be that the company will get ideal improvements based on its autonomous driving technology and decide to use a focus on robot taxis to give full play to its unique artificial intelligence and software advantages. Few OEMs (original equipment manufacturers) can imitate this, which will bring greater economic benefits.
Continues to rise!$Southern Copper (SCCO.US)$The cumulative increase during the week was over 6%, and six consecutive weekly gains have been recorded, with a cumulative increase of nearly 40% this year.
Wall Street banks are generally bullish on the outlook for copper prices this year. Analysts said that the sharp rise in copper prices shows no sign of slowing down, and improvements in supply risks and energy transition demand prospects continue to drive the rise of this metal. Citibank analysts say copper has begun “the second longest bull of this century,” and Citi expects the metal to continue to rise in the next few months, reaching 10,000 US dollars per ton by the end of the year, and climbing to 12,000 US dollars in 2026.
Bitcoin welcomes double benefits!$Coinbase (COIN.US)$,$MicroStrategy (MSTR.US)$Weekly increases of 9.18% and 7.84%, respectively.
According to the plan, Bitcoin will halve the rewards for mining new blocks in a week, probably a few days around April 20, which may be a catalyst for Bitcoin's rise.
The Hong Kong Securities Regulatory Commission recently updated the list of virtual asset management fund companies on its official website, adding Harvest International and Huaxia Fund (Hong Kong), which means that these public funds have added virtual asset management services to the original traditional asset management business. This is also the first time that the Hong Kong subsidiary of a leading Chinese fund company has been approved.
On the other hand, the weakest performing stocks this week are as follows:
editor/tolk