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 stock market was closed for one day on Monday due to Labor Day, then the fluctuation weakened. The NASDAQ,$S&P 500 Index (.SPX.US)$They all recorded three consecutive declines. By Thursday's close, the NASDAQ had fallen 2.02%, the S&P 500 index had fallen 1.43%, and the Dow had fallen 0.97%.
Incorporated by the S&P Index! Bed and breakfast giants$Airbnb (ABNB.US)$It surged nearly 8% during the week, a private equity fund management giant$Blackstone (BX.US)$It rose by nearly 5% during the week and will be replaced before the market on September 18$Lincoln National (LNC.US)$with$Newell Brands (NWL.US)$It became a constituent stock of the S&P 500.
Normally, to be eligible for inclusion in the S&P 500 Index, the company's market value must be at least 14.5 billion US dollars, and meet indicators such as profitability, liquidity, and stock circulation standards. Being included in the S&P 500 Index, which is widely familiar to investors, can, on the one hand, enhance the company's investor image, and on the other hand, increase the trading liquidity of the company's stocks.
The weak yen boosts automobile exports! Japanese auto giants$Toyota Motor (TM.US)$with$Honda Motor (HMC.US)$There was a cumulative increase of nearly 4% during the week. On this week's growth list, the stock price both hit a 52-week high.
Market analysts said that the exchange rate of the US dollar against the yen continues to rise, which makes exports made in Japan more competitive. This boost is particularly beneficial to automobile manufacturers.
Furthermore, Toyota's production and sales volume all set records. In July, global production increased 14.6% year on year to 809,400 units, rising year on year for 7 consecutive months. It is planned to break the annual production mark of 10 million units this year; in July, global sales volume increased 7.8% year on year to 859,500 units, rising for 6 consecutive months.
According to the news, Honda issued a statement saying that it has reached an agreement with Tesla. Electric models launched in North America from 2025 will adopt the North American Charging Standard (NACS), so that customers can use Tesla's supercharging stations.
International oil prices continued to rise, and some oil and gas stocks took the lead in rebounding. Among them$Halliburton (HAL.US)$The weekly increase is nearly 4%, and the stock price has rebounded by more than 40% since June this year.
Since July, international oil prices have continued to rise. WTI crude oil futures broke through 88 US dollars/barrel this week, and Brent crude oil futures once reached the 90 dollar mark, all of which have reached new highs since November last year.
Goldman Sachs analysts wrote in the report: Considering an optimistic situation, OPEC+ fully implemented the 2023 production reduction plan until the end of 2024, while Saudi Arabia only gradually increased production. Under these circumstances, the price of crude oil is likely to rise to $107 per barrel in December 2024.
On the other hand, the individual stocks that performed weakly this week are as follows:
editor/tolk