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, Hang Seng Index fell by 4.79% to 17,417.68 points. During the same period, Hang Seng Tech Index fell by 6.49% to 3,536.54 points, and China Enterprises Index fell by 5.63% to 6,165.04 points.
Despite the continuous downturn in the Hong Kong stock market this week, institutions pointed out that the Federal Reserve's interest rate cut expectations may have a positive impact on the subsequent rebound of Hong Kong stocks.
Legend Biotech is rumored to have received a merger invitation, and the share price of its parent company Genscript Bio has soared!$GENSCRIPT BIO (01548.HK)$On Monday this week, the stock rose more than 25%, and the weekly increase exceeded 30%.
On July 12th, the market rumors that a subsidiary of Genscript BioTech, $Legend Biotech (LEGN.US)$received a takeover offer and hired investment bank Centerview Partners to help its board of directors review the takeover offer and other options. The industry speculates that this may promote the birth of China's largest biotechnology merger and acquisition case so far. It is reported that Genscript Bio holds 47.96% of the shares of Legend Biotech.
On July 17th, Legend Biotech responded that the company would not comment on these market rumors.
The semiconductor sector has gained strength against the market! $ASMPT (00522.HK)$,$HUA HONG SEMI (01347.HK)$Both rose by about 5% during the week.
On the news side, the United States is putting pressure on Japan and the Netherlands, threatening to take the most severe trade restrictions against companies such as Tokyo Electron and ASML Holding to prevent them from providing advanced semiconductor technology to China. Citic Securities pointed out that if the import of Japanese semiconductor equipment is restricted, the replacement process of domestic semiconductor equipment is expected to accelerate, and the processes where Japanese equipment previously had a high share (such as coating and developing equipment) are expected to benefit the most.
Mid-term profits may increase by more than 90%! $POP MART (09992.HK)$On Friday, it rose more than 10% and the stock price hit a new high in more than two years.
Pop Mart announced yesterday that it is expected that the revenue for the six months ending June 30, 2024 will increase by no less than 55% compared with the same period last year and the net profit will increase by no less than 90%. The company explained its performance growth through improvements in global brand and IP recognition, high-speed growth in revenue from Hong Kong, Macao, Taiwan and overseas, as well as continuous optimization of product costs and strengthening of expense control.
Institutions stated that $SANERGY GROUP (02459.HK)$it is expected to be included in Hong Kong Stock Connect. The stock rose more than 14% this week and has surged 133% this year.
According to the Hang Seng Indexes Company, Hang Seng Composite Index will welcome a new round of review results on August 16, and this adjustment will take effect on September 9. The corresponding Hong Kong Stock Connect list will also take effect on the same day. Citic Securities predicts that there will be 20 new targets included in Hong Kong Stock Connect in this review, including Up Fintech.
On the other hand, the following stocks performed weakly this week:
Editor/new