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. A historic moment!$NVIDIA (NVDA.US)$Market cap surpassed Microsoft, rising to the top in the world. It has soared more than 173% this year, leading the AI ecosystem to a collective frenzy.
Global funds hold AI/technology, and the market values of the three '30 trillion giants' Apple, Microsoft, and Nvidia have alternately hit historic highs. Nvidia rose another 3.51% overnight, with a market cap of over 3.3 trillion US dollars, surpassing Microsoft, which has long occupied the top spot in the market cap rankings. It is worth noting that it took Nvidia only 96 days to increase its market cap from 2 trillion US dollars to 3 trillion US dollars, while Microsoft took 945 days and Apple took 1044 days.
Bank of America pointed out that although Nvidia's stock price has repeatedly hit new highs recently, there is still huge potential for further growth, because the chip company is expected to continue to dominate the AI chip market in the next few years.
2,$Arm Holdings (ARM.US)$Surging more than 8%, hitting a new high! It has risen more than 44% this month and will be included in the Nasdaq 100 index starting from June 24th.
Due to the soaring market cap of Nvidia, positive sentiment related to chip stocks has spread, and Arm rose more than 8% overnight to hit a new high. In addition, Arm will be included in the Nasdaq 100 Index starting from June 24th.
Bank of America released research reports and raised the rating of Arm and $Micron Technology (MU.US)$The reason for raising the target price is that the hot trend created by AI is shifting towards the consumer device field, including PCs and smartphones.
3,$Netflix (NFLX.US)$It has risen for 7 consecutive days and has increased nearly 25% since May! It is increasing its expansion into the Southeast Asian market.
As streaming competitors like Disney and Amazon cut costs, Netflix is expanding its Southeast Asian market. Netflix plans to use the localization of content, like South Korean 'Squid Game', to obtain more paying users in Southeast Asia.
In addition, Loop Capital analyst Alan Gould maintained a buy rating on Netflix and raised the target price from $700 to $750.
1. American stock giants hit new highs
II. Innovative American individual stocks
III. Popular U.S. stock gains and losses rankings
Editor/Emily