Tech giants boost Capex again! What's the outlook for future stock prices?
US stocks plunged again last night, with the Dow Jones Industrial Average ( $Dow Jones Industrial Average (.DJI.US)$ ) dropping nearly 600 points before finding support, temporarily holding above the 20-day moving average; short-term consolidation within a range remains unchanged. Large-cap tech stocks were sold off, causing the Nasdaq 100 ($NASDAQ 100 Index (.NDX.US)$ ) to drop 400 points, reflecting strong resistance near the previous range top. In the short term, it is testing support around 25,200 points, near the 100-day moving average.
Investors bullish on the Dow can consider call warrants $SG#DJIA RC2606B.C (49943.HK)$ , with a call price at 46,000 points. Conversely, if bearish, consider looking at the bear certificate $SG#DJIA RP2812M.P (49821.HK)$ , with a call price at 52,000 points. If bullish on the Nasdaq, consider looking at the bull certificate $SG#NQ100RC2606B.C (49937.HK)$ , with a call price at 24,000 points. Conversely, if bearish, consider looking at the bear certificate $SG#NQ100RP2812Y.P (49824.HK)$ , recovery price at 27,500 points.

Nvidia ( $NVIDIA (NVDA.US)$ ) fell again overnight, hitting a low of $176.2. The trend remains weak. If a 'Head and Shoulders Top' pattern forms, it might repeatedly test $170. If optimistic about Nvidia, consider looking at $SG-NVDA@RC2604A.C (10055.HK)$ , with a strike price of 230. Conversely, if bearish, consider $SG-NVDA@RP2604A.P (10057.HK)$ , with a strike price of 165.
Alphabet ( $Alphabet-A (GOOGL.US)$ ) moved upward along the 10-day moving average ahead of earnings, hitting a high of $349 last night, setting a new all-time high. Its overall trend outperforms the broader market, with investors continuing to focus on its AI monetization capabilities. If optimistic about Alphabet, consider looking at $SGALPBE@RC2607A.C (10080.HK)$ , with a strike price of 360. Conversely, investors who are bearish may want to consider $SGALPBE@RP2606A.P (10012.HK)$, exercise price 230.
Societe Generale Securities Listed Products Sales Department
This article is provided by Societe Generale Securities (Hong Kong) Limited (“Societe Generale”). Structured products are not collateralized. If the issuer or guarantor becomes insolvent or defaults, investors may not recover part or all of their investment. The above information is for reference only and does not constitute advice or a recommendation. The price of structured products can go up or down, and investors may lose their entire investment. Past performance is not indicative of future results. Societe Generale acts as the liquidity provider for the structured products mentioned in this article. In certain circumstances, Societe Generale may be the sole party providing bid and ask quotes for the structured products on the exchange. Before investing, please fully understand the risks, consult with a professional advisor, and carefully read all details regarding the structured products in the listing document. For more information, please refer to the listing document on Societe Generale's website at hk.warrants.com.
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