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.
1. Strong performance! $UnitedHealth (UNH.US)$Many major banks have sung praises for the performance.
UnitedHealth's financial report shows that its adjusted EPS for Q2 is $6.80, which is higher than the market's expectation of $6.63. Its revenue is $98.855 billion, an increase of 6.4% YoY from $92.903 billion in the same period last year.
JPMorgan raised its target price from $595 to $615 and maintained a "shareholding" rating; Bank of America kept its "buy" rating and set the target price at $675; Jefferies upgraded UnitedHealth's stock from "hold" to "buy", significantly increased its target price to $647.
2. The distribution center welcomes technological upgrades. $Walmart (WMT.US)$It increased by 1.49% overnight and grew by 36.1% over the year.
Walmart announced the construction of a high-tech distribution center in the United States to enhance its online grocery supply chain and maintain its position in the grocery field. It is reported that the plan mainly focuses on the construction, expansion, and transformation of grocery distribution centers.
According to Walmart, compared with traditional distribution centers, its high-tech distribution centers have twice the storage and processing capacity, and process more than twice the amount of goods per hour as traditional distribution centers. By the end of the 2026 fiscal year, it is estimated that about 65% of stores will be serviced by automated systems.
3. Huge investment in establishing advanced factories to accelerate the smokable nicotine products revolution. $Philip Morris International (PM.US)$It increased by 2.08% overnight and the annual increase was 18.24%. In addition, the former parent company $Altria (MO.US)$increased by 2.83%, setting a new high together.
Philip Morris International will establish a new factory in Aurora, Colorado to produce its popular nicotine pouch brand Zyn. It is reported that this type of pouch is a substitute for cigarettes, with flavors such as mint, cinnamon, coffee, and citrus. Like e-cigarettes, it is popular among young people. The company expects to invest $0.6 billion in opening this factory within the next two years to cope with the supply shortage in recent months.
Since its spin-off from Marlboro distributor Altria Group in 2008, Philip Morris has been distributing Marlboro cigarettes and other brands in foreign markets. It was not until it acquired Zyn's owner, Swedish Match, in 2022 that it re-entered the US market. Nicotine pouches have been listed in the United States since 2014, but the frenzied demand for the product on social media has surged in recent times.
4. The second quarter profits exceeded expectations! The financial and insurance giant.$Progressive (PGR.US)$surged by 5.4% overnight, reaching a new historic high.
Progressive announced a quarterly profit of $2.65 per share, 32.5% higher than the analyst's estimate of $2.00. The company's quarterly sales announced were $17.21 billion, which is 2.42% lower than the analyst's estimate of $17.637 billion. This is an 18.99% YoY increase from $14.464 billion in sales in the same period last year.
JPMorgan raised Progressive's target price from $239 to $242; Wells Fargo & Co. adjusted the target price from $254 to $262; Bank of America Securities raised the target price from $276 to $293.
Semiconductor stocks suffered a heavy blow, but only one company rose against the trend!$GlobalFoundries (GFS.US)$Stock prices have risen nearly 7%.
Under the joint attack of Trump and Biden, lithography giant ASML Holding fell 10%, NVIDIA fell 6%, and AMD fell 10%. However, the stock price of GlobalFoundries, a semiconductor wafer contract manufacturer headquartered in Silicon Valley, California, USA and spun off by AMD, rose against the trend by 6.82%.
GlobalFoundries is a semiconductor wafer contract manufacturer headquartered in Silicon Valley, California, USA, established with investment from the Abu Dhabi Advanced Technology Investment Company (ATIC) and Mubadala Development Company (Mubadala) in partnership with AMD's spin-off.
One, hitting new highs in US stocks.
II. Innovative American individual stocks
III. Popular U.S. stock gains and losses rankings
Editor/Feynman