CBC Daily Digest

An Insight of the Top Gainers

1. RSMDF ResMed Inc. 22.75 +5.05 +28.53%

Reasons for ResMed Inc. (RSMDF) being a top gainer in points:

• Earnings report: A positive quarterly earnings report also assisted the stock price rising because ResMed exhibited growth in revenues, profits and other values.

• Market outlook: It therefore seems that ResMed’s business prospects are already good in the current market setting and investors are equally anxious to leverage for new business.

• Innovative products: The company has launched new goods or services that are accepted in the marked hence come up with new sources of income hence increase the market share.

• Expansion plans: ResMed could have signed a new expansion project or created another agreement with other businessmen and companies to show that there are prospects for its expansion in the following years, which brings more positivity among investors.

2. BILI Bilibili Inc. 23.23 +4.15 +21.72%

Bilibili Inc. (BILI) is today's top gainer stock due to a number of factors that have contributed to its 21.72% increase:

• Strong Earnings Report: Last year’s revenue of Bilibili has also been revealed by the company in its earnings report and it is impressive with good growth. Usually when a company posts a good set of earnings then investors start to have faith in the company’s securities hence a boost in prices.

• Expansion into New Markets: Its has been growing its operation and service expansion especially in geographical markets or clients base. This signifies market expansion, market penetration or simply put, signifying future avenues of expansion resulting in a rise in market share thus encouraging investors.

• Positive Industry Trends: The internet entertainment industry which Bilibili operates falls under has been revealing some positive trends such as higher viewership of video streaming platforms. These trends can be monetized and serve as the wind behind the back of a company like Bilibili, thereby building its stock price narrative.

3. FUTU Futu Holdings Limited 99.28 +16.01 +19.23%

Futu Holdings Limited (FUTU) is a top gainer stock because of the following reasons:

• Strong financial performance: It has been receiving good revenues and profits and has a vast increase in its market share size. This has enhanced the investors’ confidence and the price per stock shot up.

• Expanding market reach: Futu Holdings have also been penetrating various markets in the country and in the international market. It has established itself in new areas, including in the United States, and expands its list of clients to solve problems across the world.

• Positive industry trends: Industry: The online brokerage industry has however been growing consistently over recent years, due to changing market demands for cheaper and more convenient investment products. All these favourable industry factors augur well for Futu Holdings.

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Make your money with Trending stock

1. AMD Advanced Micro Devices, Inc. 130.33 -8.26 -5.96%

AMD Advanced Micro Devices, Inc. is currently a top trending stock for several reasons:

• Financial Performance: Recent years, especially the latest quarters, AMD has presented the growth of the revenues and profits owing to the growing demand for their production. It has a positive trend that has drawn attention of investors and therefore boosted its stock prices.

• Market Position: Currently, AMD has been amongst the leading companies in the market of processors, especially in the gaming and computing segments. They offer strong performance and hold a market share which has eventually made them be noticed and invest more on research.

• Competition with Intel: The last few years of operation has also seen AMD grow strongly especially over its main competitor Intel. This has made AMD to be in a position to provide better products than Intel at lower prices hence making most consumers go for the AMD products.

2. NIO Inc. 5.13  +0.52 +11.28%

NIO Inc is one of the widely trending stocks in the market right now due to several factors that have been associated with the firm recently.

• Rapid growth: NIO INC a global pioneer company in the production of electric vehicles has been recording high sales and production rates. New technology and good looks of their products have enabled them to capture the Chinese market and export their products to other countries.

• Strong financial performance: There has been an upward trend in the company revenues and reduced expenses, coupled with increased profitability. This has strengthened investors’ confidence and caused the stock price to rise.

• Partnerships and collaborations: As for the development of NIO Inc., some of their partners are Huawei and Tencent that have enriched their technological resources and services. These collaborations have put the company in a good standing to grow and be more successful in the future.

3. Alibaba Group Holding Limited 92.69 +6.76 +7.87%

Alibaba Group Holding Limited, multinational company specializing in e-commerce, retail, Internet, and technology, is experiencing a rise in its stock price due to several factors:

• Strong Earnings Reports: Alibaba’s current and past earned reports depict an impressive growth in most aspects of the business. This has informed the investors’ confidence in the future direction of the company/organization and that it will continue to make profits.

• Expansion Plans: Alibaba is still growing; it has been developing new markets and new services for a long time. Expansion into new businesses including cloud computing and financial technology has allowed the company to diversify its revenue portfolio and acquire more consumers.

• Strong Domestic Market: The company also can maintain high sales owing to the constant advancement of e-commerce market in China. Alibaba stands ready to utilize the increasing demand of consumers in China on online shopping and other online services.