US Listed Chinese Stocks Dominate Another Week - Li Auto, JD.com Among Top 10 Large Cap Gainers Last Week (Sept 30-Oct 4): Are The Others In Your Portfolio?
Author: Lekha Gupta | October 06, 2024 11:42am
These ten large-cap stocks were the best performers in the last week, dominated mostly by USA-listed Chinese stocks, which benefited from additional stimulus measures aimed at boosting China’s economy.
- Futu Holdings Limited (NASDAQ:FUTU) stock upped 49.37% after additional stimulus measures aimed at boosting China’s economy were announced over the weekend.
- KE Holdings Inc (NYSE:BEKE) shares jumped 29.01% on continued strength following recent stimulus measures and the start of the National Day Golden Week.
- JD.com, Inc. (NASDAQ:JD) shares increased 17.72%.
- Vistra Corp. (NYSE:VST) stock rose 17.58% after some analysts raised their price forecasts.
- Diamondback Energy, Inc. (NASDAQ:FANG) shares gained 14.05% last week after BMO Capital upgraded the stock from Market Perform to Outperform and raised its price target from $205 to $215.
- PDD Holdings Inc. (NASDAQ:PDD) shares rose 13.95%, thanks to China’s additional stimulus to boost consumption.
- Li Auto Inc. (NASDAQ:LI) stock escalated 13.60% after the company reported a year-over-year increase in September and Q3 delivery results.
- Ovintiv Inc. (NYSE:OVV) stock grew 13.45%.
- BeiGene Ltd (NASDAQ:BGNE) shares gained 12.65% last week. The upmove followed its announcement that the FDA Oncologic Drugs Advisory Committee recognized the favorable benefit-risk profile of PD-1 inhibitors, including TEVIMBRA.
- ZTO Express Inc. (NYSE:ZTO) stock gained 11.90% last week.
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Posted In: BEKE BGNE FANG FUTU JD LI OVV PDD VST ZTO
