Reported about 1 year ago
6th July 2024, 4:10pm - The U.S. June non-farm payroll growth slowing down sparked mixed market interpretations, leading to varying views. Analyst Zhao Pengbo from Hengda Investment believes that the job increase of 150,000 in the latest non-farm data, well below the expected 163,000, has reinforced expectations for a Fed rate cut. The weekly stock selection includes Li Ming, Dehao, Jianwei, Shengtai, and Kaishuo. Li Ming, a plastic injection molding components factory backed by Lite-On, recently ventured into AI robots and high-precision plastic molding parts, with its stock price hitting new highs and potential for further growth. Dehao, mainly producing electronic-grade fiberglass cloth, saw significant institutional buying, bullish trends on multiple fronts, and a new short-term high. Jianwei, specializing in IC packaging molds and measuring instruments, observed a bullish crossover on monthly and quarterly charts while reaching new highs. Shengtai, engaged in phosphor copper ball manufacturing for PCB materials, showed upward momentum above monthly and quarterly lines. Kaishuo, a networking equipment manufacturer under New Kingboard Holdings, hit new highs for three months with modest volume expansion, indicating favorable future prospects.
Source: YAHOO