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. Changing leadership triggers stock price explosion! The world's largest chain of coffee shops $Starbucks (SBUX.US)$ rose 24.5% overnight, setting a record for single-day gains.
Starbucks announced that it will appoint Brian Niccol as the company's CEO. In response to this news, Starbucks soared 24.5% after the opening of the US stock market on Tuesday, setting a record for single-day gains. Niccol was the former CEO of Chipotle (CMG.US). Meanwhile, because shareholders were sorry to lose the long-time CEO, the stock price of Chipotle fell 7.5%.
TD Cowen Analyst Andrew Charles emphasized the importance of this combined role in a report to clients. He wrote in the report: "In our view, Starbucks hiring a hall-of-fame restaurant field CEO that he has been appointed as Starbucks CEO and chairman indicates that a new era is coming."
2. Fearless intense competition! "Southeast Asian Tencent" $Sea (SE.US)$ rose 11.85% after the result, and the annual e-commerce business guidance was raised.
Sea announced its Q2 performance on the morning of August 13th (Tuesday). The financial report showed that the Q2 revenue was $3.81 billion, an increase of 22.9% year-on-year, exceeding market expectations. Net income was $79.91 million, a decrease of 75.9% year-on-year; diluted EPS was $0.14, compared with $0.54 in the same period of the previous year. Sea expects that the commodity sales value of Shopee department will grow "about 20%" this year, not just "about 10%" as predicted in March.
The company faces fierce competition from companies like TikTok and Lazada. Newer competitors like Shein and Temu are also targeting Southeast Asia, where there are approximately 675 million people and more and more shoppers are turning to online shopping. Shopee's GMV (total merchandise transaction volume) grew by 29% in the second quarter, reaching $23.3 billion, higher than expected.
3. Both the stock market and the gold market "strike gold", and gold mining companies $AngloGold Ashanti (AU.US)$ rose 3.88% overnight, with an annual increase of 66.07%. The expectation of a Fed rate cut has strengthened, and gold, which has a halo of a hedging asset, is the best outlet.
AngloGold Ashanti will collaborate with Kincora Copper and fund its drilling program focusing on copper-gold at the Nyngan project in New South Wales, Australia. According to documents submitted to the Australian Stock Exchange on Wednesday, Kincora Copper will be responsible for managing the program, which is expected to drill 6 to 8 holes with a total depth of about 4,000 to 5,000 meters.
In the first half of 2024, gold became one of the best-performing asset categories, and the international gold price rose by about 10%. The latest data from the World Gold Council shows that gold not only rose by 15% in terms of US dollars, but also achieved double-digit growth in terms of other currencies. Compared with the US stock market, the Standard & Poor's 500 index rose and fell this year, and investors experienced a thrilling roller coaster ride with gains and losses coexisting, but gold has risen all the way this year, even if it fluctuates, it remains within a high range and has not fallen below the upward trend.
4. Entering the diet pill market, $Regeneron Pharmaceuticals (REGN.US)$ the stock price of the company researching muscle-protecting antibodies rose 3.32% overnight; In addition, the stock price of the biopharmaceutical company $Sanofi (SNY.US)$and $AstraZeneca (AZN.US)$ rose 2.68% and 1.03% overnight respectively.
The phase II research plan for Regeneron Pharmaceuticals' muscle-protecting antibodies will be carried out in mid-2024, and the company is preparing to enter the profitable diet pill market. George Yancopoulos, the former CEO of REGN, said that the company's new strategy aims to address the significant muscle loss associated with GLP-1 agonists, which can help more than 40% of patients lose weight.
REGN is one of the best GLP-1 and diet pill stocks to buy now. Analysts have a unanimous buy recommendation for the stock. As of the end of the first quarter of 2024, of the 920 hedge funds, 63 reported holdings in Regeneron Pharmaceuticals, with D E Shaw as the largest shareholder, holding shares worth $0.22183 billion.
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Editor/Feynman