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.
This week, Hong Kong stocks fluctuated weakly, with the Hang Seng Index falling by 2.31% to 17,941.78 points; during the same period, the Hang Seng Tech Index fell by 1.72% to 3,707.62 points; and the China Enterprises Index fell by 2.08% to 6,374.66 points during the same period.
Specifically, apple concept stocks performed well this week,$AAC TECH (02018.HK)$with a weekly increase of nearly 16%. The stock has achieved seven consecutive daily limit up periods; Additionally,$Q TECH (01478.HK)$it rose by nearly 17%,$COWELL (01415.HK)$rose by nearly 8%.
Therefore, *ST Xinfang and *ST Zhongqi may also experience a sharp sell-off tomorrow, and investors should be cautious. $FIT HON TENG (06088.HK)$With a weekly increase of more than 15%, the company is expected to benefit from high demand for apple replacement machines and AI servers.
As for news, at the Worldwide Developers Conference (WWDC), Apple launched a new AI system, Apple Intelligence, which includes many functions such as writing improvement, image generation, and cross-application task processing. Apple's stock price hit a new all-time high, with a market cap increasing by more than $300 billion in three days, surpassing Microsoft to regain the global number one spot, driving Apple's industry chain and related concept stocks to collectively rise sharply.$Apple (AAPL.US)$At the Worldwide Developers Conference (WWDC) this week, Apple introduced the new AI system, Apple Intelligence, which has many functions such as writing improvement, image generation, and cross-application task processing. Apple's stock price hit a historical high, its market cap increased by more than 300 billion US dollars in three days, surpassing Microsoft to regain the world's number one, and driving Apple's industry chain-related concept stocks to collectively rise.
Wuxi Apptec and other companies in the Wuxi series had good performances this week,$WUXI XDC (02268.HK)$with a weekly increase of about 10%,$WUXI BIO (02269.HK)$rose more than 3%.
In terms of news, the market news revealed that in the latest NDAA amendment list, the 8333 biological safety bill related to the Wuxi series has been eliminated. The market believes that this bill has been technically aborted. This is a major bullish for Wuxi Apptec and other CDMO companies.
Large-scale stock repurchase! It rose by nearly 11% in a day, and the stock has achieved four consecutive daily limit up periods.$SMOORE INTL (06969.HK)$The stock has risen by nearly 11% in one day and has achieved four consecutive days of rising prices.
On the news front, Smoore Intl announced that on June 12, 2024, the trustee had purchased a total of 1.868 million shares in the market for the share incentive plan, at an average price of approximately HKD 8.6594 per share, with a total cost of approximately HKD 16.1758 million for the purchased shares.
On the other hand, the following stocks performed weakly this week: