涨了再说

The resilience of the entertainment business has always been good. $Draftkings(DKNG.US) and $XD INC(02400.HK), one in gambling and the other in gaming, are both betting on users' time and wallets.

$APT SATELLITE(01045.HK), $Sidus Space(SIDU.US) work on satellites, $Kratos Defense & Security(KTOS.US) makes unmanned target drones and defense, $Niocorp Developments(NB.US) mines critical minerals for the military industry. The commercial space plus defense sector has huge potential, and the stories all rely on milestones to hold up👀

$SG MICRO(03661.HK)'s analog chips, $SENASIC(06675.HK)'s automotive-grade sensors, paired with the two packaged tools $Invesco PHLX Semiconductor ETF(SOXQ.US) and $GX ASIA SEMICON(03119.HK) — both chip beta and alpha are here, allowing separate bets on domestic substitution and the global cycle.

$Shopify (SHOP.US), $Pagaya Tech(PGY.US), $J&T EXPRESS-W(01519.HK) — covering e-commerce, lending tech, and express logistics — are all stocks that move with the activity of online consumption and credit. When risk appetite returns, these growth stocks have plenty of elasticity.

When oil prices fluctuate, the extraction by $ConocoPhillips(COP.US), the refining by $Valero Energy Corp New(VLO.US), the LNG by $Venture Global(VG.US), and the coal by $CHINA SHENHUA(01088.HK) each play a part from upstream to downstream—traditional energy's cash flow can make you rich quietly 😎

Whenever there's a slight movement in oil prices, $ExxonMobil(XOM.US), $Us Brent Oil(BNO.US), $Pro Ultr Bloomberg Crude Oil(UCO.US), and $SHANDONG MOLONG(00568.HK) are always brought up. The energy sector never lacks topics.

$BRIGHT SMART(01428.HK), $LIANLIAN(02598.HK), $Webull(BULL.US), $Fiserv, Inc.(FISV.US), brokerage firms, cross-border payments, brokerage, payment infrastructure — these fintech sectors follow trading activity. They're the first to benefit when the market heats up.

On the US stock side, the pharmaceutical sector is also gaining momentum, with $Amgen(AMGN.US) and $Boston Scientific(BSX.US) serving as the large-cap anchors. Smaller biotech stocks like $Ginkgo Bioworks(DNA.US), $Eloxx Pharmaceuticals(ELOX.US), and $Liminatus Pharma(LIMN.US) are being re-examined alongside the $iShares Biotechnology ETF(IBB.US), and the sentiment is back.

$Swarmer(SWMR.US), $Concorde(YOOV.US), $Inlif(INLF.US), $Baiya(BIYA.US), $Aditxt(ADTX.US) - most people probably haven't heard of these names. They have small market caps, poor liquidity, and experience sudden, short-lived price spikes on news. It's fine to add them to a watchlist, but before putting real money in, it's better to take a closer look. 🙈

Whenever geopolitical tensions flare up, $Us Brent Oil(BNO.US) and $Pro Ultr Bloomberg Crude Oil(UCO.US) are the fastest places to express a view.

The enterprise software sector was generally strong today 🤔

SAP rose 2.6%, with the proportion of cloud revenue continuing to expand, showing resilience in pricing power during the AI transition period.

Palo Alto and CrowdStrike rose 1.7% respectively. The demand growth logic for the cybersecurity track has not been shaken by tariff impacts, and the market share of leading vendors continues to concentrate.

Datadog rose 2%. The new AI observability product is gradually scaling up, and subscription data is worth tracking.

Zoom fell 2.6%, showing a clear divergence against the backdrop of the other four stocks rising. There are no signs of easing competitive pressure in video conferencing 😔

Crocs has achieved high-speed revenue growth in recent years through product line extensions and DTC channel expansion, but faces slowing growth, with a PE ratio of about 7 times, significantly lower than the consumer goods industry average of 12-15 times;

Modelo beer under Constellation Brands continues to gain market share in the US, with a PE ratio of about 15 times, benefiting from the growth of the Hispanic consumer population;

Synergy CHC is a small consumer health products company with relatively low liquidity.

Credo Technology has gained +212% over the past year, currently around $110, with a beta of 2.72. The earnings report on June 1st is the next major catalyst. Under the BSM framework, the near-month IV is estimated at about 75-80%, historical volatility is around 55%, with a premium of about 20 points. There is a large concentration of positive gamma in the $90-$100 range for GEX, where market makers act as stabilizers; above $120 enters the negative gamma acceleration zone. The CEO and CTO have been consistently selling at the $88-$93 price level recently, with no buying records, which is a noteworthy suppression signal. $Tradr 2X Long CRDO Daily ETF(CRDU.US) amplifies volatility in all directions.

Entry: Buy call spreads in the $105-$108 range ($105/$125), stop loss at $98, target $125, risk-reward ratio about 3:1. Hold the $100 support level and look for $125; exit if it breaks below $98.

Domestic capital sentiment is really hard to describe in a word. $Krne Csi China Internet(KWEB.US) is down again, $Direxion FTSE China Bear 3X(YANG.US) has been slightly up recently, while $Direxion FTSE China Bull 3X(YINN.US) continues to lie flat...

The nuclear energy narrative faced marginal upward pressure after the ceasefire news, but the structural logic remains intact.

Uranium prices briefly broke through the $101 high in Q1 before retreating to around $84, and the pace of utility supplier inventory replenishment contracts is far below the replacement rate.

Sprott has significantly increased its holdings of physical uranium this year, with positions approaching 79 million pounds. Institutional buying has created a structural floor for spot prices.

Now, the main theme of AI data centers driving long-term power demand and nuclear energy expansion remains unchanged. $Global X Uranium(URA.US), as a mining ETF, has high elasticity. $Cameco(CCJ.US) is protected by long-term fixed-price contracts that safeguard cash flow, making it the more robust side of the nuclear energy narrative 😸

US stock miners ($Mara(MARA.US) $CleanSpark(CLSK.US) $Cipher Digital(CIFR.US) ) have started to get restless again recently, rising even more cheerfully than Bitcoin. Thinking back to the beginning of the year when they fell like dogs, those who were trapped or cut their losses all felt the chill. Now that the market has come back and is soaring, people are instead starting to fear missing out 🤔

Baiqin Oilfield Services pulled a big bullish candlestick today, a +8% move like this really makes you afraid to miss even while staring at the screen, and it's a bit frustrating not having bought. On the other hand, Zijin Mining International's -7% plunge is so stimulating it makes your hands itch. Gold has been quite volatile these past two months; the logic says it's for hedging, but then it turns around and hits you over the head. The Hong Kong stock market rhythm is too fast, just following the main sector rotations. The feeling of being a 'retail investor' (韭菜) gets stronger and stronger, envying others while mocking oneself, but it's a kind of virtuous cycle.

$Galecto(GLTO.US) has been circulating in the M&A rumor mill for a while. Its fibrosis and oncology pipelines are high-quality targets for large pharma companies to supplement their pipelines, with AstraZeneca or Roche being the most frequently mentioned potential buyers. The acquisition premium range for similar biotech companies is 50-80%, the FDA pathway is relatively clear, and antitrust risks are low. Recently, there have been sporadic call-side movements but not in large volumes. Currently, the 90-day GEX is skewed negative, and short positions dominate, indicating that M&A expectations are far from being fully priced in. Once the rumors materialize, there is significant room for implied volatility compression, making the risk-reward structure of long-dated calls worth considering 📈

These nuclear energy and rare earth stocks are really unreasonable, another wave of explosive rally. Should have gone all-in on the upstream of new energy😂

CCJ, LEU, UEC, UUUU basically all had a small climax, MP also joined the party.

Sometimes missing out is even more painful than being trapped. The market trend is so obvious now, but I'm afraid of chasing highs and getting harvested😥 Wait for a pullback? It always gets higher the longer you wait. How much further can this round fly?

In many people's minds, $Seagate Tech(STX.US) is just that clunky, spinning mechanical hard drive inside a desktop PC—not sexy, not AI, no compelling narrative. Yet, over the past year, it has quietly climbed from its 52-week low of $63 to a historic high of $460, a gain of over 567%, outperforming many AI concept stocks...

What's the logic? The explosive construction of AI data centers requires storage for video data and AI training data. For storing massive amounts of cold data at the terabyte level, the cost efficiency of mechanical hard drives is something SSDs simply cannot match. No one buying PCs anymore? No problem, hyperscale cloud vendors are placing orders like crazy.

Earnings consistently beat the shorts: The latest Q2 earnings reported EPS of $3.11, beating Wall Street's expectation of $2.74 by 13.5%. This marks multiple consecutive quarters of beats. Gross margin reached a record high of 40.1%, quarterly free cash flow was $427 million, and the quarterly dividend was raised by 3% to $0.74 per share.

The strongest moat: The new-generation HAMR technology platform, Mozaic, is already in mass production, supporting capacities up to 44TB. It has been fully certified by all of the world's top five cloud vendors. Production capacity for 2026 is fully booked; supply simply can't keep up with demand.

The only risk is the potential expansion of AI chip export controls. If this leads to a contraction in cloud vendors' business in China, storage demand could be pressured. Also, with a 567% gain over 52 weeks, it's worth considering how much of the good news is already priced in.

Today, the A-share market was in a low mood, and the Hong Kong stock market was even worse—whatever stock you bought, it turned red. GDS, Shanghai Electric, and Dongfang Electric all collectively adjusted. Both tech and Chinese-style manufacturing were weak and sluggish. OSL Group is still jumping around in the blockchain concept, while everyone else is lying flat. East Buy's stock also fell, but this year, the combination of education and live commerce was never favored to begin with. The reality is that the sentiment is very calm—if you want to lie flat, just lie flat 🥲

Today, these tech and pharma stocks are all performing worse than the last, it's really disheartening to see them fall like this...

Especially for Insilico Medicine, it got cut in half directly. Feels like investing in the tech sector lately is purely a test of patience and conviction.

Looking at Lenovo and Sunny Optical, they can't hold on either.Now, I don't dare to buy at high levels to take over, and holding at low levels makes my hands shake. Selling at a loss hurts, but not selling leaves me with no confidence in a rebound.

The overall Hong Kong stock market environment is just too grinding. Can only console myself by saying: As long as the green hills remain, there'll be no shortage of firewood.

Today, AI and fintech really gave me a wake-up call: SenseTime Group and Guofu Quantum both plummeted, making me feel like I bought at the peak and got schooled again. Holding onto faith now only leaves me with self-mockery.

In contrast, China Mobile is like stagnant water with slight ripples—blue-chip stocks are just that stable but lack excitement.

Mengniu and Cathay Pacific are also mainly in a slow decline. There really are more and more ways to lose money, and making money is getting harder and harder.

Recently, the Hong Kong stock market is genuinely discouraging. Chasing themes gets you beaten up, holding blue-chips is passive, watching your account slowly shrink... I'm used to it..

Today, seeing $GCL TECH(03800.HK) rise a bit is somewhat satisfying, but I didn't dare to go all in on this wave of new energy stocks, what a pity.

$NANFANG COMM(01617.HK) dropping -3% really hurts. Tech stocks give me a risk education lesson every year.

$COSCO SHIP ENGY(01138.HK) and $ LINGBAOGOLD-1K.HK rose slightly, which serves as a small comfort for my portfolio, after all, the market trends have been rotating too fast lately.

As for $BUSYMING(01768.HK), it has little presence, and even if I were to cut losses, it wouldn't affect me much...

I'm really just lying flat with half my portfolio, being a spectator in the stock market. I'll applaud whoever rises and pretend not to see whoever falls 🙈🙈

The software stocks in the cloud sector have been absolutely surreal this round:

Figma and Unity just took off today, and as a front-row spectator, I always feel like missing out is my constant shadow.

PANW and Adobe, these two big players, have been a bit weak lately. Whatever, I'm holding with the mindset of 'the clouds gather and disperse'—let it rise or fall as it may.

I have a small position in PATH, and seeing huge volatility like Unity's just makes me want to laugh and cry. Writing code is nowhere near as thrilling as trading stocks. 😂

In this tech stock market, you hold and it doesn't move; you sell and it rallies. In the end, the most people are just along for the ride.