Trending Sectors | Tech and Chips Surge, EVs and Weight Loss Drugs Offer Potential, Oil Falters Amid Oversupply
Thursday, Mar 13, 2025 5:31 pm ET
2min read 【Major U.S. Stock Indices】
At Thursday's close, major U.S. stock indices were down. The S&P 500 fell by 1.39% to 5521.52 points, the Dow Jones decreased by 1.30% to 40813.57 points, and the Nasdaq saw the largest drop of 1.96%, closing at 17303.01 points. Investors remained cautious about upcoming economic data, combined with tech stocks being valued below their five-year averages, causing hesitation. While February's CPI data showed signs of easing, it failed to alleviate market anxiety.
【Performance of Leading Tech】
In trading, the major tech giants like microsoft, apple, amazon, google, meta, and Tesla mostly rose. Microsoft increased by 0.74%, Apple slightly decreased by 1.75%, Amazon rose by 1.17%, Google A increased by 1.87%, Meta gained 2.29%, and Tesla surged by 7.59%. Tesla's rise was linked to resolving FSD issues in China, while Meta's plan to invest $60 billion by year-end boosted market confidence. Apple faced pressure due to the delayed release of Siri features, leading to a target price cut. Analysts suggest investors focus on the long-term business development of these companies.
【AI and Chip Sector Performance】
Nvidia led the AI sector, rising by 6.42%, buoyed by Jensen Huang's CES keynote and anticipation for next week's GTC conference. SMCI and Micron Technology rose by 3.99% and 7.40% respectively. Chipmakers TSMC and Intel increased by 3.63% and 4.55%. Chip equipment companies ASML, Applied Materials, and Lam Research also recorded gains. With ongoing optimism about AI technology and breakthroughs in quantum computing, investors are advised to closely watch companies like Nvidia.
【Electric Vehicle Sector Performance】
In the EV sector, Tesla stood out with a 7.59% increase. Domestic newcomers mostly weakened, with Li Auto slightly up by 0.81%, while NIO and Xpeng Motors fell by 2.30% and 6.11% respectively. Traditional automakers like Toyota and Ford performed poorly, and General Motors also dropped by 0.79%. Tesla's strong performance benefitted from collaboration with Baidu to resolve FSD issues in China, and investors may focus on Tesla's international strategy.
【Weight Loss Drug Sector Performance】
The weight loss drug stocks showed mixed results, with Eli Lilly down by 2.78%, while Novo Nordisk and AstraZeneca rose by 1.55% and 1.24% respectively. Viking Therapeutics and GlaxoSmithKline also had slight increases. With growing market demand for weight loss drugs, related companies are expected to continue benefiting. Investors are advised to pay attention to progress in new drug development.
【Oil and Gold Sector Performance】
Oil stocks generally fell, with ExxonMobil slightly down by 0.03%, Occidental Petroleum and Chevron dropping by 0.39% and 0.92% respectively. OPEC+ production increases have led to oversupply, and the outlook for oil demand is not optimistic. Gold stocks were mixed, with Newmont up by 0.48% and Barrick Gold down by 0.60%. Gold prices have continued to rise due to safe-haven sentiment, and investors are advised to monitor fluctuations in the gold market.
【Cryptocurrency and Meme Stock Performance】
Cryptocurrency-related stocks showed mixed performance, with Coinbase slightly up by 0.02%, while Microstrategy and Riot Platforms increased by 0.75% and 1.68%. Meme stocks mostly fell, with AMC Theatres and GameStop down by 1.01% and 2.74% respectively. With increasing market volatility, investors should be cautious when dealing with high-risk sectors.
【Other Sector Performance】
Retail stocks broadly declined, with Walmart and Home Depot down by 2.56% and 0.93% respectively. Bank stocks were mixed, with JPMorgan Chase slightly down by 0.54%, while Wells Fargo and Morgan Stanley rose by 2.45% and 1.75%. Vaccine stocks performed well, with Moderna rising by 3.70%.
【Investment Advice】
Considering the overall market performance, investors should focus on the valuation levels and business development of tech stocks, particularly the potential in the AI and electric vehicle sectors. The long-term growth trends in the weight loss drug and gold markets are worth attention, while the high-risk nature of cryptocurrency and meme stocks requires cautious handling. Investors are advised to adjust their portfolios based on market dynamics and remain flexible.
At Thursday's close, major U.S. stock indices were down. The S&P 500 fell by 1.39% to 5521.52 points, the Dow Jones decreased by 1.30% to 40813.57 points, and the Nasdaq saw the largest drop of 1.96%, closing at 17303.01 points. Investors remained cautious about upcoming economic data, combined with tech stocks being valued below their five-year averages, causing hesitation. While February's CPI data showed signs of easing, it failed to alleviate market anxiety.
【Performance of Leading Tech】
In trading, the major tech giants like microsoft, apple, amazon, google, meta, and Tesla mostly rose. Microsoft increased by 0.74%, Apple slightly decreased by 1.75%, Amazon rose by 1.17%, Google A increased by 1.87%, Meta gained 2.29%, and Tesla surged by 7.59%. Tesla's rise was linked to resolving FSD issues in China, while Meta's plan to invest $60 billion by year-end boosted market confidence. Apple faced pressure due to the delayed release of Siri features, leading to a target price cut. Analysts suggest investors focus on the long-term business development of these companies.
【AI and Chip Sector Performance】
Nvidia led the AI sector, rising by 6.42%, buoyed by Jensen Huang's CES keynote and anticipation for next week's GTC conference. SMCI and Micron Technology rose by 3.99% and 7.40% respectively. Chipmakers TSMC and Intel increased by 3.63% and 4.55%. Chip equipment companies ASML, Applied Materials, and Lam Research also recorded gains. With ongoing optimism about AI technology and breakthroughs in quantum computing, investors are advised to closely watch companies like Nvidia.
【Electric Vehicle Sector Performance】
In the EV sector, Tesla stood out with a 7.59% increase. Domestic newcomers mostly weakened, with Li Auto slightly up by 0.81%, while NIO and Xpeng Motors fell by 2.30% and 6.11% respectively. Traditional automakers like Toyota and Ford performed poorly, and General Motors also dropped by 0.79%. Tesla's strong performance benefitted from collaboration with Baidu to resolve FSD issues in China, and investors may focus on Tesla's international strategy.
【Weight Loss Drug Sector Performance】
The weight loss drug stocks showed mixed results, with Eli Lilly down by 2.78%, while Novo Nordisk and AstraZeneca rose by 1.55% and 1.24% respectively. Viking Therapeutics and GlaxoSmithKline also had slight increases. With growing market demand for weight loss drugs, related companies are expected to continue benefiting. Investors are advised to pay attention to progress in new drug development.
【Oil and Gold Sector Performance】
Oil stocks generally fell, with ExxonMobil slightly down by 0.03%, Occidental Petroleum and Chevron dropping by 0.39% and 0.92% respectively. OPEC+ production increases have led to oversupply, and the outlook for oil demand is not optimistic. Gold stocks were mixed, with Newmont up by 0.48% and Barrick Gold down by 0.60%. Gold prices have continued to rise due to safe-haven sentiment, and investors are advised to monitor fluctuations in the gold market.
【Cryptocurrency and Meme Stock Performance】
Cryptocurrency-related stocks showed mixed performance, with Coinbase slightly up by 0.02%, while Microstrategy and Riot Platforms increased by 0.75% and 1.68%. Meme stocks mostly fell, with AMC Theatres and GameStop down by 1.01% and 2.74% respectively. With increasing market volatility, investors should be cautious when dealing with high-risk sectors.
【Other Sector Performance】
Retail stocks broadly declined, with Walmart and Home Depot down by 2.56% and 0.93% respectively. Bank stocks were mixed, with JPMorgan Chase slightly down by 0.54%, while Wells Fargo and Morgan Stanley rose by 2.45% and 1.75%. Vaccine stocks performed well, with Moderna rising by 3.70%.
【Investment Advice】
Considering the overall market performance, investors should focus on the valuation levels and business development of tech stocks, particularly the potential in the AI and electric vehicle sectors. The long-term growth trends in the weight loss drug and gold markets are worth attention, while the high-risk nature of cryptocurrency and meme stocks requires cautious handling. Investors are advised to adjust their portfolios based on market dynamics and remain flexible.
