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, the three major U.S. stock indexes rose slightly, with the S&P 500 and Nasdaq hitting mid-week historic highs. They respectively set the 33rd and 23rd closing records of the year.
As of Wednesday's close,$Dow Jones Industrial Average (.DJI.US)$the cumulative increase was 0.48%, reporting 39308 points;$S&P 500 Index (.SPX.US)$during the same period, the cumulative increase was 1.4%, reporting 5537.02 points;$Nasdaq Composite Index (.IXIC.US)$during the same period, the cumulative increase was 2.57%, reporting 18188.3 points.
Specifically, delivery data exceeded expectations and electric vehicle stocks soared collectively this week! The top gainer of the week in the U.S. stock market was$Tesla (TSLA.US)$, which achieved three consecutive trading days of gains in July, with a weekly gain of 24.51%; Chinese new car maker $Li Auto (LI.US)$followed closely, also achieving three consecutive days of gains in trading and a weekly gain of 15.88%.
Data shows that Tesla delivered as many as 0.44 million new cars in the second quarter, exceeding market expectations. This result helped Tesla beat its competitor BYD and retain the top spot in global electric vehicle sales. Chinese new car maker Li Auto delivered about 0.0478 million new cars in June, up 46.7% year-on-year. In the first half of this year, the company delivered nearly 0.19 million new cars.
In addition, Tesla's second-generation humanoid robot Optimus was officially unveiled at WAIC. Since its official release in December last year, the second-generation Optimus has made significant progress in mobility and functionality, with a walking speed 30% faster than the previous generation.
"Congressional stock market goddess" Pelosi once again made a move in AI stocks, bringing the AI concept stocks back to life! Nvidia designated its cooling system partner as$Vertiv Holdings (VRT.US)$with a weekly gain of 7.91%, and chip giant Broadcom with a weekly gain of 7.7%, rising for four consecutive trading days.$Broadcom (AVGO.US)$The US former Speaker of the House of Representatives known as the "Congressional stock market goddess" has recently made frequent moves. According to records of congressional members' transactions, Pelosi bought call options for Broadcom and 10,000 shares of Nvidia. In addition, Broadcom plans to conduct a 1-for-10 stock split after the market closes on July 12. The split stock will start trading before the market opens on July 15.
Currently, Vertiv has developed a rack-mounted hybrid cooling system solution in partnership with Nvidia, which is the industry's first solution to couple cold plate liquid cooling and immersed liquid cooling in the same system.
As expectations for interest rate cuts by the Federal Reserve rose, bulk commodities rose collectively, with COMEX copper prices rising for 6 consecutive days in the week, with a weekly gain of 7.69% and an annual gain of more than 37%, more than doubling over the past two years.
As expectations for a rate cut by the Federal Reserve heat up, the bulk commodity market has strengthened across the board. COMEX copper prices have risen for six consecutive days this week, with a weekly gain of 7.69%, and an annual increase of more than 37%, more than double the two-year increase.$Southern Copper (SCCO.US)$Weekly increase is 7.69%, annual increase is over 37%, and the increase over two years exceeds double.
On the other hand, the following stocks performed weakly this week:
Editor/ping