TSLA
Tesla
-- 246.565 NVDA
NVIDIA
-- 117.280 MU
Micron Technology
-- 95.125 NKE
Nike
-- 67.385 PLTR
Palantir
-- 90.050 
The US stock market continued its monthly rally in August 20...
The U.S. stock market continued its months-long rally in August 2021, driven by better-than-expected second-quarter results. Major indices have reached new all-time highs. In the following, we will focus on the "recovery" theme after the Delta variant of the virus, including economic reopening and the $1.2 trillion infrastructure bill aimed at revitalizing the economy in the long term, to look for different investment opportunities in the coming months.
After impressive performance: tech giants are still worth considering.
The performance of the U.S. stock market in the second quarter of 2021 was strong, with the overall earnings per share of the S&P 500 index increasing by 86% year-on-year, higher than the average forecast of 61%. In addition, the second-quarter results of 2021 recorded the highest number of instances where earnings per share and sales exceeded expectations since at least 1998, with the financial and information technology industries being the main contributors.
Looking ahead, we believe that the valuation of mega-cap technology stocks remains reasonable, and the structural momentum driving the fundamentals is still in place, therefore we maintain a positive outlook on this sector.
The economic reopening theme is attractive after the adjustment.
Impacted by market concerns about the Delta variant of the virus, stock prices in the travel and leisure industry have declined. Overall, due to the good progress of vaccine distribution in the usa, we believe the impact of the Delta epidemic is minimal and possibly temporary.
Therefore, we believe that investment opportunities have begun to emerge for certain industries following the adjustments of the past few months. These industries include: airlines, online travel agencies, gambling, and travel.
After impressive performance: tech giants are still worth considering.
The performance of the U.S. stock market in the second quarter of 2021 was strong, with the overall earnings per share of the S&P 500 index increasing by 86% year-on-year, higher than the average forecast of 61%. In addition, the second-quarter results of 2021 recorded the highest number of instances where earnings per share and sales exceeded expectations since at least 1998, with the financial and information technology industries being the main contributors.
Looking ahead, we believe that the valuation of mega-cap technology stocks remains reasonable, and the structural momentum driving the fundamentals is still in place, therefore we maintain a positive outlook on this sector.
The economic reopening theme is attractive after the adjustment.
Impacted by market concerns about the Delta variant of the virus, stock prices in the travel and leisure industry have declined. Overall, due to the good progress of vaccine distribution in the usa, we believe the impact of the Delta epidemic is minimal and possibly temporary.
Therefore, we believe that investment opportunities have begun to emerge for certain industries following the adjustments of the past few months. These industries include: airlines, online travel agencies, gambling, and travel.
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