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, nuisance in US economic data raised concerns that the Federal Reserve would postpone interest rate cuts, and the overall market continued to fluctuate. However, the three major indices still recorded gains during the week, which is expected to end three weeks of continuous decline.
By Thursday's close, the Dow Jones index had a cumulative increase of 0.26% to 38085.8 points; the S&P 500 index had a cumulative increase of 1.63% to 5048.42 points during the same period; the NASDAQ index had a cumulative increase of 2.16% to 15611.76 points during the same period.
The performance exceeded expectations! Nvidia's exclusive liquid cooling supplier$Vertiv Holdings (VRT.US)$The cumulative increase during the week was 20.45%, and the stock price reached a record high. Notably, the company's stock price has increased 6 times in the past year.
Vertiv Q1 orders increased 60% year over year, and the year-end backlog reached a record high of US$6.3 billion. The company's CEO said that the increase in orders in the first quarter exceeded the company's expectations, which also reflected the strong driving effect of AI on demand.
After the results, the target price was raised by Wall Street banks. Among them, Citi raised the target price from 102 US dollars to 110 US dollars; J.P. Morgan raised the target price to 100 US dollars.
It was announced that it would speed up the launch of cheap models,$Tesla (TSLA.US)$The cumulative increase during the week was 15.73%.
According to some analysts, Tesla is actively looking forward to new cars, robots, and FSD after the 2024 Q1 earnings report, and plans to accelerate the launch of new models, including affordable models, to ease the market's concerns about Tesla's mid-term sales.
Bank of America analyst John Murphy upgraded Tesla's stock rating from “neutral” to “buy” and reiterated its target price of $220, which means Tesla's stock price is likely to rise nearly 30% from current levels.
Four days a week in Lianyang, database giant$MongoDB (MDB.US)$Increased by 11.81% during the week.
Needham analysts maintained MongoDB's buy rating and kept the target price at $465. The bank said,
A number of factors indicate MongoDB's strong investment appeal. One key reason is the continuous advancement of the MongoDB product line, such as the Atlas Edge server, which will be open to the public for preview shortly after its announcement in London. The Atlas Edge server is an important advance in the MongoDB technology family, designed to improve the performance of data analysis and infrastructure software.
On the other hand, the weakest performing stocks this week are as follows:
Edit/Cynthia