Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Investing.com’s stocks of the week

admin by admin
October 5, 2024
in Stock
0
Investing.com’s stocks of the week
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

This week, several stocks caught investors’ attention with notable price movements. Here are Investing.com’s stocks of the week:

Nike

Nike Inc (NYSE:NKE) shares fell around 7.8% this week (as of Friday, October 4, 1;30 pm ET) after reporting its fiscal Q1 earnings. While the company exceeded expectations with EPS of $0.70 compared to the $0.52 estimate, and revenue came in slightly below expectations at $11.6 billion, the real blow came when Nike withdrew its annual revenue forecast. 

The company withdrew its annual guidance due to its transitional period. The sportswear giant also postponed its Investor Day presentation

Following the news, Piper Sandler reiterated a Neutral rating on the stock, commenting that Nike’s decision to pull its annual guidance was prudent given the transition to a new CEO and the current market dynamics. 

They noted that shares, now trading at 35x FY25 estimates, are expensive “considering [the] second year in a row of no growth.”

Humana

Humana Inc (NYSE:HUM) had a tough week, with its stock plunging more than 23%, following the news that enrollments in its top-rated Medicare insurance plans dropped sharply. 

The data revealed only a quarter of Humana’s members were enrolled in four-star or higher-rated plans for 2025 that cover Americans aged 65 or older, a significant drop from 94% in 2024. 

BTIG analysts expressed concern over the ratings drop, which could impact Humana’s quality bonuses and overall revenue in 2026. 

“These ratings are disappointing especially given ongoing pressures from higher acuity-related claims costs, some higher inpatient volumes, and the risk adjustment conversion to V28,” wrote the firm.

Chinese Financial and Real Estate Stocks

Chinese financial and real estate stocks, especially, surged this week, with names including Futu Holdings (NASDAQ:FUTU) up 54%, Up Fintech Holding Ltd (NASDAQ:TIGR) up 117%, and Ke Holdings Inc (NYSE:BEKE) up 28%. Hong Kong-listed China Overseas Land Investment (OTC:CAOVY) has gained more than 18% this week.

The rally comes on the heels of new stimulus measures from China’s government, which included easing homebuyer restrictions and further monetary policy support. 

Following the news, analysts at HSBC raised their price targets on several Chinese real estate stocks, reflecting growing optimism surrounding the sector’s potential recovery, driven by supportive government policies.

The bank pointed to several key factors contributing to this upward revision, with the major driver, of course, being the Chinese government’s commitment to stabilizing the real estate market, which has reshaped the outlook for both developers and investors. 

UBS analysts noted that the monetary measures were followed by pro-growth pledges, including efforts to stabilize the struggling real estate market.

However, despite the optimism, UBS remained cautious about the long-term impact of the stimulus, explaining that while the measures could support growth, the full scope and implementation of the stimulus package remain uncertain. 

“Follow-through is likely needed to sustain the equity rally,” UBS noted, pointing out that past rallies have fizzled out when stimulus failed to meet expectations.

This post appeared first on investing.com

Previous Post

Housing crisis, shift to the right define San Francisco mayoral race

Next Post

EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua

admin

admin

Next Post
EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua

EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua

Trending News

Trump speaks with Putin on ending Ukraine war, says peace negotiations could start ‘immediately’

Trump speaks with Putin on ending Ukraine war, says peace negotiations could start ‘immediately’

February 13, 2025
Global billionaire wealth surges 17% in 2024, driven by US growth: UBS report

Global billionaire wealth surges 17% in 2024, driven by US growth: UBS report

December 5, 2024
Interview: Crypto-AI intersection can achieve its true potential by addressing real business needs, says Dr. Li, OORT founder

Interview: Crypto-AI intersection can achieve its true potential by addressing real business needs, says Dr. Li, OORT founder

December 5, 2024
Subscribe to Insightful Word


    Recent News

    ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

    ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

    June 5, 2025
    Ripple releases $2.18B in XRP, price dips 2%

    Ripple releases $2.18B in XRP, price dips 2%

    June 5, 2025
    Nintendo Switch 2 launch sees shortages as 2.2M vie for units in Japan

    Nintendo Switch 2 launch sees shortages as 2.2M vie for units in Japan

    June 5, 2025
    Why Bank of America sees 13% upside on Roblox (RBLX)

    Why Bank of America sees 13% upside on Roblox (RBLX)

    June 5, 2025

    Recent News

    ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

    ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant

    June 5, 2025
    Ripple releases $2.18B in XRP, price dips 2%

    Ripple releases $2.18B in XRP, price dips 2%

    June 5, 2025

    Latest News

    • ARB eyes recovery as Arbitrum taps agentic DeFi revolution with $1M grant
    • Ripple releases $2.18B in XRP, price dips 2%
    • Nintendo Switch 2 launch sees shortages as 2.2M vie for units in Japan

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.