Investing’s Stocks of the Week

This week brought significant news in the stock market, particularly with several notable price movements. Here’s a recap of the top stocks making waves:

### Chinese Stocks

A number of U.S.-listed Chinese companies saw considerable gains recently. Notably, Alibaba and PDD Holdings experienced increases of over 20% and more than 34%, respectively, by late September 27. PDD is trading at levels reminiscent of August, while Alibaba is near pricing from February 2023.

The surge in these stocks was largely driven by the announcement of a comprehensive stimulus package by the People’s Bank of China (PBOC), aimed at revitalizing the economy. The PBOC noted that the measures implemented surpassed market expectations, representing the most extensive easing since 2015. These actions are intended to restore market confidence amid ongoing economic issues, including weak domestic demand and deflationary pressures.

### Micron Technology

Micron Technology experienced a sharp rally, with shares climbing over 20% in the past week. Most of this surge occurred on Thursday, following a robust quarterly earnings report that showed a 14.7% gain from the previous day’s close. Micron reported earnings per share (EPS) of $1.18, surpassing analyst expectations, and its revenue total of $7.75 billion also exceeded predictions.

Looking ahead, Micron’s guidance was optimistic, projecting Q1 2025 EPS of $1.74, which is above analysts’ consensus of $1.52, along with a revenue forecast of $8.5 billion to $8.9 billion, surpassing the consensus estimate of $8.32 billion. Following these results, many Wall Street analysts maintained their bullish outlooks on the stock, with one expert suggesting that the rally could attract previously skeptical investors.

### Intel

Intel had a particularly eventful week, with its stock rising approximately 14%. Initial reports surfaced about Qualcomm approaching Intel regarding a potential takeover, followed by news that Apollo Global Management was considering a substantial investment of up to $5 billion in the company. However, analysts believe a Qualcomm takeover would face significant regulatory challenges, reminiscent of other failed mega-deals.

Some analysts were skeptical about the takeover rumors, calling them “almost too silly to comment on” and expressing concern that such a move would not benefit Intel shareholders. In addition to these speculations, reports indicated that Intel rejected a proposal from Arm to acquire its product division, asserting that this business was not for sale. Furthermore, Intel and the U.S. government are expected to finalize an $8.5 billion funding agreement before the year’s end.

These developments highlight the dynamic nature of the stock market and the factors influencing investor sentiment.