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.
Since the second half of the year, the previously booming US stocks have frequently encountered setbacks, with increasing uncertainties such as interest rate cuts, changes in the US election, restrictions on chip exports, and global faults in Microsoft. With the start of the technology giant's earnings season, market fluctuations have intensified again. In this week, the poor performance of the two giants, Google and Tesla, directly led to the collapse of the stock market, triggering investors' pessimistic sentiment towards the AI bubble, and causing panic selling of US stocks. This round of selling of technology stocks caused the S&P 500 Index and the Nasdaq to fall for three consecutive days. Wednesday was the worst trading day in more than a year, also known as "Black Wednesday."
This week, the poor performance of the two giants, Google and Tesla, directly led to the collapse of the stock market, triggering investors' pessimistic sentiment towards the AI bubble, and causing panic selling of US stocks. This round of selling of technology stocks caused the S&P 500 Index and the Nasdaq to fall for three consecutive days. Wednesday was the worst trading day in more than a year, also known as "Black Wednesday."
As of the close of the US stock market on Thursday, the market fell 0.87% this week, closing at 39,935.07 points; during the same period, it fell 1.92%, closing at 5,399.22 points; however, it fell 3.08%, closing at 17,181.72 points. But it is during the hot earnings season, under the storm of "rotation" in the US stock market, there are still many individual stocks with excellent performance.$Dow Jones Industrial Average (.DJI.US)$This week, the market fell 0.87%, closing at 39,935.07 points;$S&P 500 Index (.SPX.US)$during the same period, it fell 1.92%, closing at 5,399.22 points;$Nasdaq Composite Index (.IXIC.US)$however, it fell 3.08%, closing at 17,181.72 points.
The company's stock price soared more than 10% the day after its earnings announcement and rose nearly 12% this week after profit exceeding expectations and the announcement of a buyback plan.$First Citizens BancShares (FCNCA.US)$Frank, the Chairman and CEO, said: "We are pleased with our financial performance for the second quarter, which reflects broad-based growth in loans and deposits, robust earnings indicators, and sustained stability in credit; the Board of Directors has approved a share repurchase plan, which is expected to begin repurchasing Class A common stock worth $3.5 billion in the third quarter of 2024." After its earnings announcement, First Citizens Bancshares' stock price surged more than 10% in one day and rose nearly 12% this week.
First Citizens Bancshares (FCNCA.US), ranking in the top 20 financial institutions in the United States with assets exceeding $200 billion, is headquartered in Raleigh, North Carolina. First Citizens has more than 500 branches and offices across 30 U.S. states to provide loans, leases, and other financing businesses.
Technology music streaming giant tumbled more than 11% this week, but hit a new high for the year with quarterly profit guidance far exceeding expectations. Medical device manufacturer Danaher (DHR.US) exceeded expectations for two consecutive quarters and rose by 11.26% and 10.90% respectively this week.
A small giant in the music streaming industry.$Spotify Technology (SPOT.US)$Technology music streaming giant tumbled more than 11% this week, but hit a new high for the year with quarterly profit guidance far exceeding expectations. Medical device manufacturer Danaher (DHR.US) exceeded expectations for two consecutive quarters and rose by 11.26% and 10.90% respectively this week.
Spotify's Q2 revenue increased by 20.2% year-on-year to 3.81 billion euros, basically in line with analysts' expectations; gross profit was 1.11 billion euros, a year-on-year increase of 45%, slightly higher than analysts' expectations of 1.07 billion euros. Looking ahead, Spotify expects Q3 operating profit to be 0.405 billion euros, far higher than analysts' average expectation of 0.298 billion euros.
Medical device manufacturer Danaher (DHR.US) exceeded expectations for two consecutive quarters and rose by 11.26% and 10.90% respectively this week.$Thermo Fisher Scientific (TMO.US)$with$Danaher (DHR.US)$Medical device manufacturer Danaher (DHR.US) exceeded expectations for two consecutive quarters and rose by 11.26% and 10.90% respectively this week.
Thermo Fisher Scientific announced its second-quarter results with a revenue of $10.54 billion, market expectations of $10.51 billion, and earnings per share of $4.04, market expectations of $3.67 per share. The quarterly sales of the life sciences department was $2.36 billion, meeting expectations. The company raised its full-year earnings per share forecast to $21.29-$22.07, analysts expect $21.7 per share; and maintains the upper limit of its full-year revenue guidance range at $43.3 billion, analysts expect $42.96 billion.
Danaher announced its second-quarter results on Wednesday, beating Wall Street's expectations. Non-GAAP diluted net income was $1.72 per share, revenue was $5.7 billion. FactSet's survey of analysts predicted earnings per share of $1.57 and revenue of $5.6 billion for the company.
Military industry giant RTX Corp (RTX.US) achieved a new high by teaming up with innovation in commercial aviation business.$RTX Corp (RTX.US)$Q2 profits exceeded expectations, up more than 10.37% for the week; the world's top arms dealer.$Lockheed Martin (LMT.US)$Fighter jets and radar products are popular, up 9.79% for the week, setting a new high.
RTX Corp's Q2 profits exceeded Wall Street expectations, boosted by strong demand for business aviation. According to its Thursday financial report, RTX Corp's adjusted earnings per share (EPS) were $1.41, higher than the market forecast of $1.30. The company expects full-year adjusted EPS to be between $5.35 and $5.45, higher than the previous forecast of up to $5.40.
Lockheed Martin also announced Q2 results on Wednesday, driven by demand for fighter jets and radar products, which exceeded expectations for second-quarter revenue. The company also raised its full-year revenue and profit guidance. The financial report shows that the company's second-quarter revenue was $18.122 billion, up 8.6% year-on-year, better than the market expectation of $17.06 billion.
On the other hand, the following stocks performed weakly this week:
Editor / Feynman