Editor's note: "US Stock Gold Mining" Keep up with daily market trends, insight, and consolidate hot and outstanding stocks, providing multi-dimensional investment opportunities for Mooer and helping them grasp investment opportunities with one chart! Focus on: 1. Performance and stock prices take off! Global fast fashion giant $Gap Inc (GPS.US)$ soared nearly 29% after its performance, reaching a new high for the year. Gap announced its first fiscal 2023 first-quarter results, with net sales of $3.4 billion, exceeding analysts' expectations of $3.28 billion, and earnings per share of $0.41, with overall comparable sales growth of 3%, better than expected 0.91%. In addition, the gross profit margin for the quarter reached 41.2%, higher than analysts' forecast of 38.5%. Its subsidiary brand Old Navy's same-store sales grew by 3%, exceeding market expectations of 2.5%. Based on this, Gap raised its sales and operating profit outlook for the year. Baird has recently raised its target share price for Gap from $23 to $28, and Goldman Sachs has raised its target share price for Gap from $20 to $27. 2. US electric power stocks collectively agitated! The largest wind and solar power generator developer in the United States $NextEra Energy (NEE.US)$, the fourth largest power plant in the United States $Southern Company (SO.US)$, the power and natural gas company $CenterPoint Energy (CNP.US)$, and the electrical production and transmission company $Edison International (EIX.US)$ have all reached new highs for the year. On the news front, as AI technology often requires a lot of energy to develop and operate, utility stocks are becoming a new opportunity for investors. 3. Low-key AI beneficiaries! Data storage giantToday's weather is good Today's weather is good.Please use your Futubull account to access the feature.
Key focus.
1. Performance and stock prices take off! Global fast fashion giant$Gap Inc (GPS.US)$rose nearly 29% after its earnings report, hitting a new high for the year.
Gap's first fiscal quarter of 2023 showed net sales of $3.4 billion, exceeding analysts' expectations of $3.28 billion, and earnings per share of $0.41. Overall comparable sales grew by 3%, exceeding expectations by 0.91%. In addition, the gross profit margin for the quarter reached 41.2%, higher than analysts' forecast of 38.5%. Same-store sales at its subsidiary brand, Old Navy, grew by 3%, exceeding the market's expected 2.5%. Based on this, Gap raised its sales and operating profit outlook for the year.
Baird has raised Gap's target share price from $23 to $28. Goldman Sachs has raised Gap's target share price from $20 to $27.
2. American electric power stocks are collectively agitated! The largest wind and solar power generator developer in the United States$NextEra Energy (NEE.US)$, the fourth largest power plant in the United States$Southern (SO.US)$, the power and natural gas company$CenterPoint Energy (CNP.US)$, the electrical production and transmission company$Edison International (EIX.US)$have all reached new highs for the year. On the news front, as AI technology often requires a lot of energy to develop and operate, utility stocks are becoming a new opportunity for investors.
3. Low-key AI beneficiaries! Data storage giant
3. Low-key AI benefits stock! Data storage giant$NetApp (NTAP.US)$It has risen over 38% so far this year, and the stock price has doubled since last year.
Recently, the company announced better-than-expected results, raised dividends, and plans to repurchase up to 1 billion U.S. dollars worth of shares. After the earnings report, major Wall Street banks raised their target prices, with Stifel raising it to $130 and TD Cowen raising it from $120 to $135.
Previously, the company announced the launch of the NetApp AIPod, which includes Lenovo ThinkSystem servers tailored for NVIDIA OVX. The converged infrastructure is optimized for the generative AI era.
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Editor/Somer