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.
US May CPI and PPI were lower than expected, and the Nasdaq and S&P 500 indexes have risen for four consecutive days. As of Thursday, the Dow fell 0.39% this week, closing at 38,647.1 points; over the same period, the S&P 500 index rose 1.62% to close at 5,433.74 points; and the Nasdaq rose 3.12% to close at 17,667.56 points.
Specifically, this week, chip stocks surged collectively, of which$Broadcom (AVGO.US)$rose 19.36% this week,$Arm Holdings (ARM.US)$rose 15.73%,$Micron Technology (MU.US)$rose 9.32%.
According to Broadcom's financial report, its second quarter performance exceeded expectations and the full-year performance forecast was raised. It also announced a 10-for-1 stock split effective on July 15. Bank of America reiterated its "buy" rating on Broadcom and raised its target price from $1680 to $2000, stating that the company is expected to enter the "trillion-dollar club".
According to reports, Arm Holdings will replace Sirius XM and be included in the Nasdaq 100 index starting on June 24.
UBS Group raised its target price for Micron Technology from $120 to $155 and maintained a "buy" rating.
Achieved the largest single-day increase since 2021!$Oracle (ORCL.US)$Rose over 13% overnight and increased by more than 11% this week.
Although quarterly profits and revenues did not meet Wall Street's expectations, Oracle said it expects double-digit revenue growth in the new fiscal year. Oracle also stated that its database will be available on Google's public cloud and that OpenAI will be able to use Microsoft's cloud-based artificial intelligence tools on Oracle's cloud infrastructure.
Stock price increased for four consecutive days! Switch leader$Arista Networks (ANET.US)$Increased nearly 12% this week and over 40% year-to-date.
Citigroup's latest report pointed out that the accelerated penetration of Ethernet presents opportunities for Nvidia and Arista Networks. Both companies are developing high-speed Ethernet solutions and are expected to release them in the near future.
On the other hand, the following stocks performed weakly this week:
Editor/tolk