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. Next stock split concept?$Costco (COST.US)$ With the stock price surpassing $900 and its market cap exceeding $400 billion, institutions believe that the company may join the stock split trend, providing new opportunities for investors.
This year, several consumer companies, including Walmart and Williams-Sonoma, have carried out stock splits. Costco, due to its rising stock price and affordability for retail investors, may become the next company to split its stocks. Analyst Parikh from Oppenheimer believes that Costco, which has not split its stocks since 2000, may be considering this option now, especially considering its stock price exceeding $900. Additionally, Costco's new management team may be more willing to make changes. Parikh also pointed out that Costco benefits from the mindset of consumers seeking high-quality and cost-effective goods in an environment of inflation and high interest rates, which contributes to the company's performance. Despite analysts' bullish outlook on Costco, its stock price is already close to the target price, and the stock split could be an additional factor to attract investors.
2. Leading market cap among luxury brands! Outperforming European automotive giants. $Ferrari (RACE.US)$ Up another 1.96% overnight, soaring 45% year-to-date, Wall Street is bullish on a target of $520.00.
Ferrari's stock price has risen by 45% so far this year, hitting a historical high, outperforming European car peers including Renault and Mercedes-Benz Group. In terms of luxury brands, Ferrari also leads brands including LVMH and Hermes International. Currently, Ferrari has the largest market cap in the FTSE MIB index in Italy (composed of the 40 most liquid and highest market value stocks listed on the Italian Stock Exchange). Jonas raised the target price of Ferrari's US-listed stock from $400 to $520, the highest target price on Wall Street, implying about 6% upside potential.
3. The buyback plan is in full swing, the 2.5 billion euro plan is showing results, $ING Groep (ING.US)$ Up another 2.46% to hit a new high overnight.
ING Groep's 2.5 billion euro share buyback plan has made significant progress, repurchasing 17.9 million shares at an average price of 15.43 euros per share in a week in August 2024. The company has now completed nearly 72% of the expected buyback, aiming to reduce the share capital and create value for shareholders. ING is committed to sustainability, with its strong ESG ratings and inclusion in various sustainability indices as evidence.
4. New product approved! Opening up a new market of 6 million Type 2 Diabetes patients.$Insulet (PODD.US)$ After announcing that its Omnipod is suitable for type 2 diabetes patients in the USA, the stock price rose by 6.58%.
Since its establishment in 2000, Insulet (Insulet) has been focusing on designing, manufacturing, and selling insulin infusion systems for diabetes patients. Among them, the Omnipod system is known for its compact design and the convenience of dose control through a smartphone. Recently, the U.S. Food and Drug Administration (FDA) approved the Omnipod O5 system for use by adult type 2 diabetes patients, which is earlier than expected and opens the door for Insulet to enter the U.S. market and serve about 6 million new patients. With the improvement of reimbursement processes and the advancement of marketing strategies, the adoption rate of T2D patients is expected to significantly increase.
First, innovation brings great success to the giants of the US stock market.
II. Innovative American individual stocks
III. Popular U.S. stock gains and losses rankings
Editor/Feynman