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.
Benefiting from investment banking business and asset management fee growth, Q2 performance exceeded expectations with a year-on-year growth rate of 28.10%. In terms of product structure, operating income of products of 10-30 billion yuan was 401/1288/60 million yuan respectively.$Bank of America (BAC.US)$Increased by 5.35%, with an annual growth rate of 32.79%.
As one of the largest sources of revenue for the bank, Bank of America's Q2 net interest income (NII) fell to $13.7 billion, below analyst expectations of $13.8 billion, but revenue and profit exceeded expectations driven by growth in investment banking business and asset management fees. Analysts said that NII, a key indicator, will rebound before the end of the year.
Last week, JPMorgan and Wells Fargo both reported NII below expectations, with executives pointing to costs higher than expected. These results indicate that, after years of interest rate-driven profit growth, this growth engine is facing pressure as large banks respond to low demand for loans and pressure from customers to increase deposit rates.
If Trump wins, will it stimulate the real estate industry? Building materials company increased by 7.16% with an annual growth rate of 21.1%, while real estate development company increased by 5.34% with an annual growth rate of 21.42%.$PulteGroup (PHM.US)$As several economists attempt to understand the potential effects of a re-election from interest rates, tax, house prices, and inflation, First Trust Financial CEO Marty Harlee said that 'if Trump wins the upcoming election, we will see another massive refinancing boom, record home sales, and lower interest rates will also drive growth in all other industries.'$NVR Inc (NVR.US)$Professor Dennis Shirshikov of City University of New York stated that the Trump administration's economic policy could focus on deregulation and tax cuts, which could stimulate economic growth, increase disposable income for many Americans, and benefit the real estate market by increasing housing demand.
Market share is expanding rapidly! Increased by 8.58%, with institutions saying its revenue will achieve 'stable' growth in the coming years. Shopify's market share is continuously increasing. In the past five years, its total North American GMV has increased by 39% annually, more than twice the overall growth rate of US e-commerce according to Bank of America. Data shows that by 2023, Shopify's North American GMV will account for 14% of US e-commerce sales, up from 6% in 2018, while its global GMV will account for 4.9% of global e-commerce sales, up from 1.6%. The bank expects Shopify to continue to gain market share in the core areas of small and medium-sized merchants, worth $5.2 trillion in the global e-commerce industry.
Bank of America Securities stated that with steady growth in market share in the e-commerce industry and strict expenditures, Shopify's revenue will achieve 'stable' growth in the coming years.
Q2 earnings were strong with multiple institutions raising their target price. Rising by 4.24%, driving up the stock price of medical insurance companies.$Shopify (SHOP.US)$Rose by 8.58%, institutions believe its revenue will achieve stable growth in the coming years.
In the past five years, Shopify's total North American GMV has increased by 39% annually, more than twice the overall growth rate of US e-commerce according to Bank of America. Data shows that by 2023, Shopify's North American GMV will account for 14% of US e-commerce sales, up from 6% in 2018, while its global GMV will account for 4.9% of global e-commerce sales, up from 1.6%. The bank expects Shopify to continue to gain market share in the core areas of small and medium-sized merchants, worth $5.2 trillion in the global e-commerce industry.
Bank of America Securities stated that with steady growth in market share in the e-commerce industry and strict expenditures, Shopify's revenue will achieve 'stable' growth in the coming years.
Earnings in Q2 were strong, with several institutions raising their target price. It rose by 4.24%, driving up the stock price of the medical insurance company.$Elevance Health (ELV.US)$Increased by 4.24%, driving up the stock prices of medical insurance companies.
Although profits across the entire market are declining, Elevance Health's profits are still increasing, with recent performances being impressive.
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