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. The escalating Middle East situation and the suspension of oil exports in Libya have stimulated oil prices, leading to the rise of multiple energy companies.$Petroleo Brasileiro SA Petrobras (PBR.US)$rose by 8.68% overnight,$Petroleo Brasileiro SA Petrobras (PBR.A.US)$rose by 7.21%.$Suncor Energy (SU.US)$ Up 2.11%,$Exxon Mobil (XOM.US)$Up 2.14%.
The eastern government of Libya announced on August 26 that all oil fields, ports, and oil facilities are facing "force majeure" and stopping all oil production and exports. In addition, according to CCTV news yesterday, Hezbollah has announced that it has begun a large-scale attack on Israel, once again tensioning the situation in the Middle East. As a result of this news, oil prices surged over 3% on Monday.
Exxon Mobil (XOM) stated in its 2024 global outlook report on Monday that it is expected that oil demand will stabilize after 2030, but will remain above 0.1 billion barrels per day by 2050.
2. Early bird catches the worm! Fintech giant $Nu Holdings (NU.US)$ Entering Mexico, the customer base has increased by 8 million within a year, and deposits have skyrocketed to $3.3 billion. The business potential in Mexico exceeds that in Brazil, and the stock price has increased by 75.63% this year.
Nubank is the largest fintech bank in Latin America, headquartered in Sao Paulo, with about 93 million customers in Brazil. The primary focus of Nu's business in 2024 is Mexico, which has the highest per capita GDP in Latin America. One year after Cuenta's launch, the company's customer base in Mexico has exceeded 8 million, with deposits totaling $3.3 billion. In the company's home country, the customer base in the first quarter of 2019 was 7.7 million, with deposits of less than $1 billion.
Nubank's Co-founder and Chief Growth Officer, Cristina, made an evaluation: "Due to the low penetration rate of financial services in Mexico, there is great growth potential. Mexico is a country wealthier than Brazil, and we believe that in certain situations, the market size in Mexico may be larger than here."
Net sales of $0.3 billion and $6 billion witness strong momentum, rewarding shareholders with dividends and buyback returns. $3M (MMM.US)$ A strong increase of 50% this year!
3M's financial performance in the second quarter of 2024 is impressive, and its various businesses continue to maintain strong momentum. The company's adjusted net sales increased by 1.1% YoY to $6.02 billion, with organic sales growth of 1.2%. Driven by strong performance in the electronics, automotive and aerospace, commercial brands, and transportation end markets, the company's transportation and electronics sectors have maintained strong momentum.
The company focuses on providing generous returns to shareholders through dividends and share buybacks. For example, in 2023, the company paid shareholders $3.31 billion in dividends and bought back $33 million. In addition, in the first six months of 2024, the company paid $1.2 billion in dividends and repurchased $0.421 billion worth of stocks.
4. coca-cola (KO.US) It rose 1.5% overnight, hitting a new historical high, with a year-on-year increase of more than 22%. The 62-year consecutive increase in dividends is a model of shareholder returns.
Over the past ten years, Coca-Cola has invested a lot of money to enrich its product range. These efforts have reversed the situation of significant revenue decline, with net sales increasing from $33 billion in 2020 to $46 billion in 2023.
Coca-Cola is one of the highest dividend-paying stocks, with 62 consecutive years of dividend growth. Insider Monkey's Q2 2024 database shows that 68 hedge funds hold shares of Coca-Cola, an increase from the previous quarter's 62. Warren Buffett's Berkshire Hathaway holds 0.4 billion shares, making it the largest shareholder.
One, the US stock market giant hits a new high.
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Editor/Feynman