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.
The release of strong economic data in the United States has injected a shot of "cardiotonic" into the market, and the "irrational recession panic" has subsided. The US stock market has achieved an amazing reversal, sweeping away the gloom of the big decline in early August.
As of the close of this week on Thursday, the Dow Jones Industrial Average has risen by 2.7% to 40,563.06 points; the S&P 500 index has risen by 3.72% to 5,543.22 points, recovering all the lost ground since early August; the Nasdaq index has risen by 5.07% to 17,594.5 points.
It is worth noting that in the past six days, the S&P 500 has risen by 6.6%, and the Nasdaq has risen by 8.6%, achieving the largest increase since November 2022. In terms of specific individual stocks, the "AI faith" has been rekindled, with stocks rising more than 17%, more than 19%, and more than 23% this week.
In addition, a group of AI stocks have risen, up more than 14% and more than 12% respectively. Stocks related to the manufacturing of AI hardware infrastructure, including Dell Technologies, Super Micro Computer, ARM, as well as Nvidia and AMD, have suffered huge selling pressure in recent months, but this has also brought their valuations back to relatively reasonable levels before Nvidia's heavy financial report was released. $NVIDIA (NVDA.US)$ Sea rose more than 17% this week. $Dell Technologies (DELL.US)$ Sea rose more than 19%.$Super Micro Computer (SMCI.US)$Sea rose sharply by more than 23%.
In addition, a group of AI stocks also rose, both rising more than 14%.$Micron Technology (MU.US)$Please use your Futubull account to access the feature.$Marvell Technology (MRVL.US)$ A group of AI stocks rose more than 12%. $KLA Corp (KLAC.US)$Please use your Futubull account to access the feature.$Broadcom (AVGO.US)$ Sea has risen for 8 consecutive days, with the stock price rebounding by more than 32%.
Several Wall Street banks have collectively raised their target prices for Starbucks. Morgan Stanley analyst Brian Harbour maintains a buy rating with a target price of $98; Barclays analyst Jeff Bernstein maintains a buy rating and raises the target price from $93 to $110; Deutsche Bank analyst Lauren Silberman raises the rating to buy and the target price from $85 to $118.
Royal Bank of Canada analysts said, "The momentum index of AI stocks has changed from 'overbought' to 'oversold', and positions have tended to be neutral or even closed out. Traders have a good opportunity to rebuild positions."
$Starbucks (SBUX.US)$After announcing a change of leadership, Starbucks stock surged 24.5% in a single day, driving its market value back above 100 billion US dollars, its best single-day performance since its IPO in 1992.
Several Wall Street banks have collectively raised their target prices for Starbucks. Morgan Stanley analyst Brian Harbour maintains a buy rating with a target price of $98; Barclays analyst Jeff Bernstein maintains a buy rating and raises the target price from $93 to $110; Deutsche Bank analyst Lauren Silberman raises the rating to buy and the target price from $85 to $118.
This week, it changed the downside trend since mid-July and rose more than 22%.$Sea (SE.US)$Sea has risen for 8 consecutive days, with the stock price rebounding by more than 32%. Sea announced Q2 results on August 13, with Q2 revenue of $3.81 billion, a year-on-year increase of 22.9%, exceeding market expectations; net profit of $79.91 million, down 75.9% year-on-year; fearless of fierce competition, Sea raised its full-year e-commerce business guidance. Sea expects the sales value of the Shopee department's products to increase "around 20%" this year, rather than the predicted "around 10%" in March.
Several Wall Street banks have collectively raised their target prices for Sea. Bank of America Securities analyst Sachin Salgaonkar maintains a buy rating and raises the target price from $77 to $84; JP Morgan analyst Ranjan Sharma raises the rating from neutral to buy and raises the target price from $66 to $90; Barclays maintains an overweight rating and raises the target price from $87 to $94.
Several Wall Street banks have collectively raised their target prices for Sea. Bank of America Securities analyst Sachin Salgaonkar maintains a buy rating and raises the target price from $77 to $84; JP Morgan analyst Ranjan Sharma raises the rating from neutral to buy and raises the target price from $66 to $90; Barclays maintains an overweight rating and raises the target price from $87 to $94.
On the other hand, the following stocks performed weakly this week:
Editor/Emily