Trending Sectors | Tech Gains Amid EV, Weight Loss, and Vaccine Volatility; Chips Shine, Crypto and Oil Mixed
Thursday, Nov 14, 2024 4:31 pm ET
2min read 【Major U.S. Stock Indices】
On November 13th, Eastern Time, the three major U.S. stock indices showed mixed results. The S&P 500 index inched up by 0.02% to close at 5,985.38 points; the Dow Jones index rose by 0.11% to 43,958.19 points; while the Nasdaq index fell by 0.26% to 19,230.72 points. This mixed performance reflects cautious and divergent market sentiment, with investors adopting varying strategies based on economic data and corporate earnings.
【Performance of Leading Tech】
Among the top seven U.S. tech giants, Microsoft increased by 0.40%, Apple rose by 1.38%, and NVIDIA was up by 0.33%, indicating continued attraction of tech giants, especially with Apple's strong performance boosted by BlackRock's backing. However, Amazon fell by 1.22%, Google A dropped by 1.84%, Meta declined by 0.49%, and Tesla plummeted by 5.77%, with its market value falling below one trillion dollars. This divergence is linked to market perceptions of the financial health and future growth prospects of different companies. Notably, Tesla was pressured by concerns over its subsidy policy. Meanwhile, BlackRock's continued increase in Apple holdings reflects confidence in its long-term value.
【AI and Chip Sector】
In the AI sector, NVIDIA rose by 0.33%, with a market value reaching 3.6 trillion dollars, continuing its leadership. SMCI fell sharply by 11.41%, possibly due to its delay in submitting the 10-Q quarterly report, reflecting concerns over its financial transparency. The chip manufacturing sector performed well, with TSMC rising by 0.99% and Intel up by 0.44%. In chip equipment and materials, ASML increased by 2.90% and Applied Materials rose by 1.76%, likely driven by sustained strong demand in the AI and chip equipment sectors.
【Electric Vehicle and New Energy Vehicle Sector】
In the electric vehicle sector, Tesla dropped by 5.77%, with its market value falling to 998.906 billion dollars, primarily due to concerns over subsidy cuts. Domestic EV makers generally declined, with Li Auto down by 0.54%, NIO down by 3.90%, and XPeng down by 5.39%. Tesla's drop further heightened short-term uncertainty in the EV industry.
【Weight Loss Drug Sector】
The weight loss drug sector generally declined, with Eli Lilly down by 3.19% and Novo Nordisk down by 1.46%. Despite the long-term positive outlook for the weight loss drug market, short-term stock price fluctuations may reflect concerns about new drug approvals and increased competition. The declines in Eli Lilly and Novo Nordisk might be related to market adjustments in expectations for their new drug prospects.
【Oil and Gold Sector】
Oil stocks showed a mixed performance, with ExxonMobil down by 0.74%, Occidental Petroleum down by 0.88%, while Chevron rose by 1.92%. U.S. WTI crude oil prices slightly rebounded, but concerns over supply surplus remain. In the gold sector, the LBMA gold price PM fell by 0.26%, while Barrick Gold rose by 0.60%, reflecting fluctuating demand for gold as a safe haven.
【Cryptocurrency Concept Stocks】
Cryptocurrency-related stocks generally declined, with Coinbase Global down by 2.07% and MicroStrategy down by 0.22%. Bitcoin, after hitting a record high, retreated, with the market showing heightened caution about cryptocurrency volatility.
【Meme Stocks and Retail Stocks】
Meme stocks generally rose, with AMC Theatres up by 0.22% and GameStop up by 3.44%. Retail stocks showed mixed performances, with Walmart down by 1.20%, Costco down by 1.05%, and Home Depot down by 1.09%. The volatility in retail stocks may be related to market expectations for company performance during the earnings season.
【Vaccine and Biotech Sector】
Vaccine stocks generally fell, with Pfizer down by 2.62%, Moderna down by 5.62%, and BioNTech down by 7.10%. The pessimism in vaccine stocks may be influenced by rumors of the Trump administration appointing an anti-vaccine individual as the Secretary of Health and Human Services.
【Investment Advice】
Currently, the market exhibits a certain level of volatility, and investors should closely monitor the impact of macroeconomic data and policy changes on the market. When selecting sectors, it is advisable to focus on companies benefiting from the growth in AI and chip demand, while maintaining caution towards the volatile cryptocurrency and electric vehicle sectors. For vaccine and biotech stocks, it is recommended to wait until policy uncertainties are resolved before making investments.
On November 13th, Eastern Time, the three major U.S. stock indices showed mixed results. The S&P 500 index inched up by 0.02% to close at 5,985.38 points; the Dow Jones index rose by 0.11% to 43,958.19 points; while the Nasdaq index fell by 0.26% to 19,230.72 points. This mixed performance reflects cautious and divergent market sentiment, with investors adopting varying strategies based on economic data and corporate earnings.
【Performance of Leading Tech】
Among the top seven U.S. tech giants, Microsoft increased by 0.40%, Apple rose by 1.38%, and NVIDIA was up by 0.33%, indicating continued attraction of tech giants, especially with Apple's strong performance boosted by BlackRock's backing. However, Amazon fell by 1.22%, Google A dropped by 1.84%, Meta declined by 0.49%, and Tesla plummeted by 5.77%, with its market value falling below one trillion dollars. This divergence is linked to market perceptions of the financial health and future growth prospects of different companies. Notably, Tesla was pressured by concerns over its subsidy policy. Meanwhile, BlackRock's continued increase in Apple holdings reflects confidence in its long-term value.
【AI and Chip Sector】
In the AI sector, NVIDIA rose by 0.33%, with a market value reaching 3.6 trillion dollars, continuing its leadership. SMCI fell sharply by 11.41%, possibly due to its delay in submitting the 10-Q quarterly report, reflecting concerns over its financial transparency. The chip manufacturing sector performed well, with TSMC rising by 0.99% and Intel up by 0.44%. In chip equipment and materials, ASML increased by 2.90% and Applied Materials rose by 1.76%, likely driven by sustained strong demand in the AI and chip equipment sectors.
【Electric Vehicle and New Energy Vehicle Sector】
In the electric vehicle sector, Tesla dropped by 5.77%, with its market value falling to 998.906 billion dollars, primarily due to concerns over subsidy cuts. Domestic EV makers generally declined, with Li Auto down by 0.54%, NIO down by 3.90%, and XPeng down by 5.39%. Tesla's drop further heightened short-term uncertainty in the EV industry.
【Weight Loss Drug Sector】
The weight loss drug sector generally declined, with Eli Lilly down by 3.19% and Novo Nordisk down by 1.46%. Despite the long-term positive outlook for the weight loss drug market, short-term stock price fluctuations may reflect concerns about new drug approvals and increased competition. The declines in Eli Lilly and Novo Nordisk might be related to market adjustments in expectations for their new drug prospects.
【Oil and Gold Sector】
Oil stocks showed a mixed performance, with ExxonMobil down by 0.74%, Occidental Petroleum down by 0.88%, while Chevron rose by 1.92%. U.S. WTI crude oil prices slightly rebounded, but concerns over supply surplus remain. In the gold sector, the LBMA gold price PM fell by 0.26%, while Barrick Gold rose by 0.60%, reflecting fluctuating demand for gold as a safe haven.
【Cryptocurrency Concept Stocks】
Cryptocurrency-related stocks generally declined, with Coinbase Global down by 2.07% and MicroStrategy down by 0.22%. Bitcoin, after hitting a record high, retreated, with the market showing heightened caution about cryptocurrency volatility.
【Meme Stocks and Retail Stocks】
Meme stocks generally rose, with AMC Theatres up by 0.22% and GameStop up by 3.44%. Retail stocks showed mixed performances, with Walmart down by 1.20%, Costco down by 1.05%, and Home Depot down by 1.09%. The volatility in retail stocks may be related to market expectations for company performance during the earnings season.
【Vaccine and Biotech Sector】
Vaccine stocks generally fell, with Pfizer down by 2.62%, Moderna down by 5.62%, and BioNTech down by 7.10%. The pessimism in vaccine stocks may be influenced by rumors of the Trump administration appointing an anti-vaccine individual as the Secretary of Health and Human Services.
【Investment Advice】
Currently, the market exhibits a certain level of volatility, and investors should closely monitor the impact of macroeconomic data and policy changes on the market. When selecting sectors, it is advisable to focus on companies benefiting from the growth in AI and chip demand, while maintaining caution towards the volatile cryptocurrency and electric vehicle sectors. For vaccine and biotech stocks, it is recommended to wait until policy uncertainties are resolved before making investments.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.