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.
The unexpectedly cooled inflation data in June further enhanced the market's bet on the Fed's interest rate cut. The market opinion believes that the Fed's interest rate cut will cause capital to flow from the United States to other markets, including Hong Kong, which will greatly increase the liquidity of the Hong Kong stock market.
Boosted by this bullish news, the Hong Kong stock market rebounded this week, and the three major indexes rose collectively. The Hang Seng Index rose 2.77% for the week to 18,293.38 points; the Hang Seng Tech Index accumulated a 5.15% increase to 3,782.08 points; and the Hang Seng China Enterprises Index rose 2.36% to 6,532.63 points.
As for individual stocks, auto dealers are doing well, and their stock prices have risen for five consecutive days, with a cumulative increase of nearly 19%.$ZHONGSHENG HLDG (00881.HK)$On July 10th, Shanghai released the "Action Plan for Accelerating Automobile Consumption Renewal in Shanghai (2024-2027)" to accelerate the replacement of old vehicles with new ones and optimize the structure of the automobile market, speeding up the renewal of automobile consumption. Cui Dongshu, secretary-general of the China Passenger Car Association, recently stated that the development of China's used car market has huge potential, thanks to the national policy of replacing old cars with new ones.
In a previous report, Morgan Stanley stated that the profit margin of China's luxury car dealerships has dropped to the level where dealers refuse to accept more inventory unless the manufacturers provide additional rebates. For dealers, resistance to action shows that new car business is hitting bottom.
Xpeng is accelerating its growth! The stock price has risen 15.16% this week and is approaching the HKD 100 mark.
A research report by gtja shows that Xpeng is expected to achieve profitability in the self-driving online car-hailing business model. Xpeng is Baidu's autonomous driving mobility service platform and has opened ride-hailing services for testing in 11 cities, as well as fully driverless testing services in Beijing, Wuhan, Chongqing, Shenzhen, and Shanghai. Baidu stated that autonomous driving based on large-scale model technology can achieve a safety level more than 10 times higher than that of human drivers, with a safety level comparable to that of the domestically-made C919 large aircraft.$BIDU-SW (09888.HK)$The stock price of Fruit Chain soared collectively, rising nearly 13% for the week. Zhongjin stated that it is optimistic about Apple's entry into the AI innovation of the terminal, and Hong Kong's mobile phone chain is expected to participate deeply in the innovation trend. Looking ahead to the era of AI on the terminal side, Zhongjin is optimistic about Apple's entry into AI innovation on the terminal side, which will bring about a resonance of the three elements of interaction innovation, function upgrade/appearance change, and closed-source ecosystem, with Android manufacturers possibly joining in sync. In the second half of 2024 to 2025, Apple and the Android industry chain may usher in a common prosperity, and the mobile phone chain in Hong Kong is expected to participate deeply in the innovation trend.
Pop Mart has soared for five consecutive days, with an overall increase of nearly 11% and a surge of over 96% this year. On June 27th, Pop Mart's first self-developed mobile game "Dream Home" was officially launched, and the game quickly topped the iOS free list after its release. China Securities Co., Ltd. pointed out that the estimated revenue for the first three days before the mobile game was launched was 2 million yuan, and the IP's diversified realisation has greatly improved. The goal is to double overseas revenue for the year and focus on adding 50-60 new stores in the United States (with outstanding single-store models). With an unexpected growth of 20% in Q1 domestically, new product categories and joint naming breakthroughs, the turnover of a single IP is expected to exceed 1 billion yuan this year.
Baidu stated that self-driving cars reconstructed with large model technology can achieve a safety level more than 10 times higher than human drivers, with a safety level similar to that of the domestic big plane C919.
$XPENG-W (09868.HK)$Xpeng, which has risen more than 13% for the week, has sold 13,143 units of the X9 since it was launched on January 1st, making it the top-selling high-end pure electric MPV for six consecutive months. Additionally, the new car model MONAM03 had a global debut recently and is expected to be officially released in August.
Luobu is accelerating its growth! The stock price has risen 15.16% this week and is approaching the HKD 100 mark. A research report by gtja shows that Luobu is expected to achieve profitability in the self-driving online car-hailing business model. Luobu is Baidu's autonomous driving mobility service platform and has opened ride-hailing services for testing in 11 cities, as well as fully driverless testing services in Beijing, Wuhan, Chongqing, Shenzhen, and Shanghai. Baidu stated that autonomous driving based on large-scale model technology can achieve a safety level more than 10 times higher than that of human drivers, with a safety level comparable to that of the domestically-made C919 large aircraft.
The stock price of Fruit Chain soared collectively, rising nearly 13% for the week. Zhongjin stated that it is optimistic about Apple's entry into the AI innovation of the terminal, and Hong Kong's mobile phone chain is expected to participate deeply in the innovation trend. Looking ahead to the era of AI on the terminal side, Zhongjin is optimistic about Apple's entry into AI innovation on the terminal side, which will bring about a resonance of the three elements: interaction innovation, function upgrade/appearance change, and closed-source ecosystem, with Android manufacturers possibly joining in sync. In the second half of 2024 to 2025, Apple and the Android industry chain may usher in a common prosperity, and the mobile phone chain in Hong Kong is expected to participate deeply in the innovation trend.$SUNNY OPTICAL (02382.HK)$The unexpectedly cooled inflation data in June further enhanced the market's bet on the Fed's interest rate cut. The market opinion believes that the Fed's interest rate cut will cause capital to flow from the United States to other markets, including Hong Kong, which will greatly increase the liquidity of the Hong Kong stock market.
A research report by gtja shows that Luobu is expected to achieve profitability in the self-driving online car-hailing business model. Luobu is Baidu's autonomous driving mobility service platform and has opened ride-hailing services for testing in 11 cities, as well as fully driverless testing services in Beijing, Wuhan, Chongqing, Shenzhen, and Shanghai. Baidu stated that autonomous driving based on large-scale model technology can achieve a safety level more than 10 times higher than that of human drivers, with a safety level comparable to that of the domestically-made C919 large aircraft.
$POP MART (09992.HK)$Pop Mart has soared for five consecutive days, with an overall increase of nearly 11% and a surge of over 96% this year. On June 27th, Pop Mart's first self-developed mobile game "Dream Home" was officially launched, and the game quickly topped the iOS free list after its release. China Securities Co., Ltd. pointed out that the estimated revenue for the first three days before the mobile game was launched was 2 million yuan, and the IP's diversified realisation has greatly improved. The goal is to double overseas revenue for the year and focus on adding 50-60 new stores in the United States (with outstanding single-store models). With an unexpected growth of 20% in Q1 domestically, new product categories and joint naming breakthroughs, the turnover of a single IP is expected to exceed 1 billion yuan this year.
Pop Mart has soared for five consecutive days, with an overall increase of nearly 11% and a surge of over 96% this year. On June 27th, Pop Mart's first self-developed mobile game "Dream Home" was officially launched, and the game quickly topped the iOS free list after its release. China Securities Co., Ltd. pointed out that the estimated revenue for the first three days before the mobile game was launched was 2 million yuan, and the IP's diversified realisation has greatly improved. The goal is to double overseas revenue for the year and focus on adding 50-60 new stores in the United States (with outstanding single-store models). With an unexpected growth of 20% in Q1 domestically, new product categories and joint naming breakthroughs, the turnover of a single IP is expected to exceed 1 billion yuan this year.
In addition, LABUBU, a popular IP owned by Pop Mart, has become a hit in Thailand. Since officially entering Thailand in May 2023, Pop Mart has opened six offline stores there. According to Pop Mart's 2023 financial report, LABUBU brought the group a revenue of 0.368 billion yuan in 2023, a year-on-year growth of 39.9%.
On the other hand, the following stocks performed weakly this week:
Editor/Emily