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.
Financial giants all reach a new high! After-performance share price reaches a new historical high, and there is a general increase overnight. Goldman Sachs released its second-quarter results, among which the company's trading department drove the soaring of its second-quarter profit. The fixed-income and stock trading businesses both exceeded analysts' expectations, and at the same time, the rebound of the capital market business helped the company achieve better-than-expected performance in most of its business on Wall Street. JPMorgan issued $9 billion in bonds after exceeding expectations in Q2, becoming the first of the six major banks on Wall Street to issue bonds as expected. According to insiders, the bank issued bonds in four parts, and the longest bond term of 11 years has a yield of 1.07 percentage points, which is 107 basis points higher than the U.S. Treasury yield, initially expected to be around 135 basis points higher. $Goldman Sachs (GS.US)$,$JPMorgan (JPM.US)$After the performance announcement, the stock price reached a historic high.$American Express (AXP.US)$,$Morgan Stanley (MS.US)$,$Bank of America (BAC.US)$Please use your Futubull account to access the feature.
Goldman Sachs released its second-quarter results, among which the company's trading department drove the soaring of its second-quarter profit. The fixed-income and stock trading businesses both exceeded analysts' expectations, and at the same time, the rebound of the capital market business helped the company achieve better-than-expected performance in most of its business on Wall Street.
JPMorgan issued $9 billion in bonds after exceeding expectations in Q2, becoming the first of the six major banks on Wall Street to issue bonds as expected. According to insiders, the bank issued bonds in four parts, and the longest bond term of 11 years has a yield of 1.07 percentage points, which is 107 basis points higher than the U.S. Treasury yield, initially expected to be around 135 basis points higher.
Value stocks triumphed? Achieving five consecutive gains, the stock price reached a new historical high. Berkshire Hathaway's Class B shares rose 2.35% to $434.42, a new record high. Berkshire Hathaway's share price has risen for five consecutive trading days, and since the beginning of the year, the stock has accumulated a 21.8% increase. With technology leader stocks, led by Nvidia, recently going flat, some investors have begun to move funds from high-flying technology stocks to value stocks. The S&P 500 Value Index (IVE) and Russell 1000 Value Index (RLV), which have been range-bound for most of this year, have risen by about 3% over the past week. Berkshire Hathaway is obviously a representative of value stocks, as well as the largest component stock of the aforementioned two index ETFs.$Berkshire Hathaway-B (BRK.B.US)$Achieved five consecutive increases, reaching a historical high in stock prices.
Berkshire Hathaway's Class B shares rose 2.35% to $434.42, reaching a new record high. Berkshire Hathaway's share price has risen for five consecutive trading days, and since the beginning of the year, the stock has accumulated a 21.8% increase.
With technology leader stocks, led by Nvidia, recently going flat, some investors have begun to move funds from high-flying technology stocks to value stocks. The S&P 500 Value Index (IVE) and Russell 1000 Value Index (RLV), which have been range-bound for most of this year, have risen by about 3% over the past week. Berkshire Hathaway is obviously a representative of value stocks, as well as the largest component stock of the aforementioned two index ETFs.
3.$Apple (AAPL.US)$The stock price reached a new historical closing high, with a total market value of $3.59 trillion! Despite the stock price rising more than 42% since April 22, many investment banks are still bullish.
Morgan Stanley analyst Eric Woodring holds an optimistic view on the prospects of Apple and raised the company's target share price from $216 to $273. Woodring believes that Apple's artificial intelligence platform "Apple Intelligence" will stimulate a new wave of upgrades for smart phones, tablets, and computers for users, and is expected to ship more than 500 million iPhones over the next two years. The market has underestimated the importance of the upcoming iPhone upgrade cycle, and the launch of the Apple Intelligence feature will be a significant catalyst for the multi-year upgrade cycle.
Morgan Stanley analyst Eric Woodring holds an optimistic view on the prospects of Apple and raised the company's target share price from $216 to $273. Woodring believes that Apple's artificial intelligence platform "Apple Intelligence" will stimulate a new wave of upgrades for smart phones, tablets, and computers for users, and is expected to ship more than 500 million iPhones over the next two years. The market has underestimated the importance of the upcoming iPhone upgrade cycle, and the launch of the Apple Intelligence feature will be a significant catalyst for the multi-year upgrade cycle.
Several major banks are bullish on it!$Carvana (CVNA.US)$Carvana will announce its second-quarter earnings report at the end of July. Strong performance was recorded in the first quarter, with gross margins exceeding expectations. The margin was 19.3%, up 6 percentage points from last year, and management's long-term average target is 19.1%. Six analysts recommend buying Carvana shares, compared to only one analyst at the beginning of the year. The current optimism is similar to that around the end of 2022. Marvin Fong of BTIG Research is the latest analyst to release a buy rating on Friday, calling the company "outstanding."
Carvana will release its second-quarter earnings report at the end of July. Previously, its first-quarter performance was strong, with a gross margin exceeding expectations. This indicator was 19.3%, up 6 percentage points from last year, while management's goal is an average of 19.1% in the long term.
Carvana will announce its second-quarter earnings report at the end of July. Strong performance was recorded in the first quarter, with gross margins exceeding expectations. The margin was 19.3%, up 6 percentage points from last year, and management's long-term average target is 19.1%. Six analysts recommend buying Carvana shares, compared to only one analyst at the beginning of the year. The current optimism is similar to that around the end of 2022. Marvin Fong of BTIG Research is the latest analyst to release a buy rating on Friday, calling the company "outstanding."
Ethereum ETF is about to be launched, driving up many digital currency concept stocks!$MicroStrategy (MSTR.US)$Increased by 15.36%,$Coinbase (COIN.US)$Increased by 11.39%,$Robinhood (HOOD.US)$Rose by 7.45%.
US regulators have informed at least three companies that have applied to launch exchange-traded funds (ETFs) tied to Ethereum prices that their new products may be approved by next Tuesday (July 23). Several large financial institutions are vying for the debut of Ethereum ETFs. Analysts predict that Ethereum ETFs will attract up to $10 billion in new inflows.
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