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 giantThis week's bullish stocks in Hong Kong and the US stock markets.This section closely follows market trends every week, reviews the weekly performance of the Hong Kong and US stock markets, and helps mooers sort out the hot sectors, strong individual stocks, and major news of the week, looking for investment themes with profit potential.
In May, the 'little non-farm' hit a new low since the beginning of the year, and the three major US stock indexes fluctuated and strengthened. As of Thursday, the Dow Jones rose by 0.52% this week to 38,886.17 points; over the same period, the S&P 500 index rose by 1.43% to 5,352.96 points; and the Nasdaq rose by 2.62% to 17,173.12 points. Specifically, the 'AI hegemon' Nvidia rose by more than 10% this week with a market cap surpassing Apple, becoming the world's second-largest company with a cumulative increase of over 140% this year.
Looking specifically at the 'AI hegemon',$NVIDIA (NVDA.US)$it rose more than 10% this week, with a market cap surpassing Apple to become the second-highest in the world. The cumulative increase this year is over 140%.
Nvidia will implement a 10-to-1 stock split after the market closes on Friday. After experiencing a strong rise this week, Nvidia's total market value has surpassed Apple, becoming the world's second-largest company, with a stock price exceeding $1,200. After the stock split, Nvidia's stock price will be around $120, which is more friendly to attract more retail investors to participate.
Bitcoin returns to $70,000! Digital currency concept stocks$Coinbase (COIN.US)$, $MicroStrategy (MSTR.US)$rose by 13.79% and 8.67% respectively this week.
Galaxy Digital's founder and CEO Michael Novogratz said that a more positive political environment for digital assets in the USA may help push bitcoin to reach a record-breaking $100,000 by the end of this year, or even higher. He said in an interview, "If the bitcoin price rises to $73,000 in the next few weeks, it will rise to $100,000 or higher by the end of this year."
will soon deliver the latest lithography machine! The semiconductor equipment manufacturer$ASML Holding (ASML.US)$has risen nearly 10% this week, and its market value surpasses LVMH for the first time, becoming Europe's second-largest listed company by market value.
ASML, a semiconductor equipment manufacturer, will deliver its latest high-numerical aperture extreme ultraviolet lithography machine to its largest customer, Taiwan Semiconductor, this year. It is reported that this equipment is ASML's most advanced product to date, and its selling price of up to 350 million euros demonstrates its high-end position in the industry. Market confidence in ASML has been greatly boosted, driving the stock price surge.
On the other hand, the following stocks performed weakly this week:
Editor/tolk