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. Outstanding stocks continue to rise! Media giant Fox Corporation, Broadridge Financial Solutions hit a 52-week high; Kenvue, a consumer health business, jumped nearly 15% overnight. On the product structure, 100-300 billion yuan products operating income accounted for 4.01/12.88/0.06 billion yuan respectively.
Fox Corporation$FOXA.US$ With better-than-expected earnings and continued revenue growth, the membership fee income from TV and cable TV network program business increased by 5% to $1.86 billion; it is expected to grow in affiliated fees and TV business areas, with attention on the upcoming presidential election and Super Bowl.
Kenvue $KVUE.US$ As the world's largest pure consumer health company that spun off from Johnson & Johnson, Kenvue's Q2 revenue was $4 billion, down 0.3% year-on-year, better than expected by the market; earnings per share were $0.32, better than expected by the market. Kenvue's differentiated signature brand portfolio - including Tylenol (cold and antipyretic drugs), Neutrogena (skin care and maintenance brand), Listerine (Listerine mouthwash), Johnson's, Band-Aid (Band-Aid), Aveeno (professional baby shampoo brand), Zyrtec (Cures allergies) and Nicorette® (Quitting Smoking).
2. Spend billions of dollars on stock buybacks and New Oriental's stock price soared more than 13% overnight; the State Council issued a document emphasizing the stimulation of education and training consumption vitality, and the education sector is booming. Gaotu and Tal Education rose by more than 8%.
New Oriental$EDU.US$The company announced that its board of directors has approved an expansion of the share buyback program. According to the announcement, New Oriental will increase the total amount of the share buyback plan from $0.4 billion to $0.7 billion, and the term will be extended to May 31, 2025.
In addition, the State Council recently issued the "Opinions on Promoting the High-quality Development of Service Consumption", which proposed to stimulate the vitality of education and training consumption. Promote the opening of high-quality education resources by higher education institutions, scientific research institutions, and social organizations to meet the diversified and personalized learning needs of the society.
3. Uber's Q2 revenue and profits exceeded expectations, with a year-on-year growth of 21.5% in the number of trips, and the stock price rose nearly 11%.
Uber Technologies$UBER.US$ Q2 revenue and profits exceeded expectations, and the total booking amount of the company's mobile department surged 23% year-on-year to $20.6 billion. In the second quarter, the number of trips increased by 21.5% year-on-year. Monthly active platform consumers (MAPC) grew by 14%. Looking forward to the third quarter, Uber expects bookings to be between $40.25 billion and $41.75 billion, slightly lower than the market's average expected $41.18 billion.
4. AI revenue engine accelerates, software giant Palantir's revenue surges 27%, and the stock price soars more than 10% overnight.
"AI Bull Stock" big data analysis software giant$Palantir (PLTR.US)$Up more than 10% overnight, the company previously announced an incredibly strong Q2 performance report and significantly raised its annual profit outlook beyond expectations. The mainly reason for this situation is the continued strong demand from global government agencies and major companies for Palantir's artificial intelligence software products.
Bank of America raised its price target for Palantir from $28 to $30; Wedbush raised its price target from $35 to $38 and maintained an outperform rating.
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Editor/Emily