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 giantMonthly Hong Kong and US Bull and Bear StocksThis section closely follows market trends, takes stock of monthly performances in the Hong Kong and US stock markets, helps Mooers sort out hot sectors, strong individual stocks, and major news of the month, and seeks investment themes that can make money.
In the first month of the second half of 2024, the three major indexes of the US stock market had mixed gains and losses. Due to the impact of the technology giants' callback, the Dow Jones Industrial Average fell by 0.44%, the Nasdaq Composite fell by 3.3%, while the S&P 500, which mainly consists of cyclicals, rose by 4.15%. Tonight, the Federal Reserve will announce its interest rate decision early in the morning on Thursday, August 1st, Beijing time. Due to the fact that June CPI data met expectations but was higher than the target, and the month-over-month rate was negative for the first time in four years, it provides support for interest rate cuts this year. Analysts pointed out that the market generally expects interest rates to remain unchanged, but this decision may pave the way for an interest rate cut in September. At the same time, several senior officials of the Federal Reserve recently hinted that an interest rate cut is imminent in order to balance economic growth, price stability, and a healthy labor market. As for the individual stock performance, the US real estate sector, which is running ahead of the interest rate cut expectations, is on the rise, and Trump's victory may lead to record home sales! The sector has risen by more than 40% this month; CBRE Group, Stanley Black & Decker, Charter Communications have risen more than 30%, 25%, and 20% respectively, and jointly reached a historical high. Affected by the cooling of US CPI data, the market predicts that the Federal Reserve may cut interest rates in September, which significantly boosted the residential construction sector. At the same time, many economists analyzed the prospect of Trump's election victory and believed that it may trigger a new round of prosperity in the real estate market, including a refinancing boom and record home sales, and further drive overall economic growth through interest rate cuts.$S&P 500 Index (.SPX.US)$The weather is good today The weather is good today.$Nasdaq Composite Index (.IXIC.US)$Please use your Futubull account to access the feature.$Dow Jones Industrial Average (.DJI.US)$The US Stanley Agriculture Group rose by 32% this month, and Q2 earnings exceeded expectations. The medical device manufacturer has risen by over 30%. The second-largest cable television operator in the US, Charter Communications, had revenue exceeding expectations, and its stock price reached a 6-month high, rising nearly 30%.
In the second quarter financial report that exceeded expectations, Stanley Black & Decker's Q2 non-GAAP EPS was $1.09, which was $0.25 higher than expected; revenue was $4.02 billion, a year-on-year decrease of 3.4%, which was in line with expectations. Management expects that the market demand trend for the second half of the year will show a mixed trend, and the company has raised its FY24 adjusted EPS forecast.
Expected to set a new record for the acquisition amount of Chinese biotech! After receiving the acquisition invitation, the Legend Biotech surged by more than 12%, and rose nearly 30% this month. On the news side, Legend Biotech confirmed receipt of the acquisition request. If the acquisition goes smoothly, the billion dollar-level amount will create a new record for the acquisition of Chinese biotech companies.$Mohawk Industries (MHK.US)$Up more than 40% this month; $D.R. Horton (DHI.US)$,$CBRE Group (CBRE.US)$,$Toll Brothers (TOL.US)$Rose more than 30%, 25%, 20% respectively, jointly creating a historic high.
Affected by the cooling of US CPI data, the market predicts that the Federal Reserve may cut interest rates in September, which significantly boosted the residential construction sector. At the same time, many economists analyzed the prospect of Trump's election victory and believed that it may trigger a new round of prosperity in the real estate market, including a refinancing boom and record home sales, and further drive overall economic growth through interest rate cuts.
$Legend Biotech (LEGN.US)$Received acquisition invitation and rose by more than 12% at one point, with a cumulative increase of nearly 30% this month.
Legend Biotech confirmed receipt of acquisition request, and if the acquisition goes smoothly, it will create a new record for the acquisition of Chinese biotech companies with a multi-billion-dollar amount.
Soared after performance announcement!$Stanley Black & Decker (SWK.US)$The medical device manufacturer has risen by over 30%, and Q2 earnings met expectations.$Avantor (AVTR.US)$The second largest cable television operator in USA, with cumulative growth of over 30% and second-quarter performance in line with expectations;$Charter Communications (CHTR.US)$Revenue exceeded expectations, stock price hit a 6-month high, and cumulative growth was nearly 30%.
In the second quarter financial report that exceeded expectations, Stanley Black & Decker's Q2 non-GAAP EPS was $1.09, which was $0.25 higher than expected; revenue was $4.02 billion, a year-on-year decrease of 3.4%, which was in line with expectations. Management expects that the market demand trend for the second half of the year will show a mixed trend, and the company has raised its FY24 adjusted EPS forecast.
Avantor reported an adjusted earnings per share of 25 cents for Q2, exceeding analyst expectations. Q2 revenues were almost in line with expectations at $1.7 billion.
Charter Communications' Q2 revenue for FY2024 was $13.69 billion, a YoY growth of 0.2%, exceeding analysts' expectations of $13.59 billion. EPS was $8.49, exceeding analysts' expectations of $7.95.
On the other hand, the following stocks performed weakly this month:
Editor/ping