在伯克希尔最新强劲的第二季度收益之后，瑞银分析师Brian Meredith上调了他对2024年和2025年收益的预测，因为两个因素：更高的投资收入和更高的保险集团（包括Geico）的承保结果。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. New milestone!$Berkshire Hathaway-B (BRK.B.US)$With a market cap surpassing the trillion-dollar mark, analysts continue to be bullish.
After reducing its holdings in Apple and Bank of America, in the second quarter, Berkshire's cash reserves reached an astonishing $276.9 billion and most of it was invested in short-term treasuries. The value of these securities held (worth $234.6 billion at the end of the second quarter) exceeds the amount held by the Fed.
Following Berkshire's latest strong second-quarter earnings, UBS analyst Brian Meredith raised his earnings forecasts for 2024 and 2025 due to two factors: higher investment income and improved underwriting results from the insurance group, including Geico.
3, the strong performance continued after the earnings report. The volume of options on Friday surged to 0.3 million contracts, and the call ratio increased again, to around 70%. On the options chain, the call with a $40 strike price expiring this Friday was sought after, with a trading volume of 0.034 million contracts and an open interest of 3,800 contracts. The option recorded a 100% increase on the day. $Lockheed Martin (LMT.US)$
3. E-commerce pet retailer$Chewy (CHWY.US)$Performance greatly exceeded expectations, and the stock price soared over 11% after the earnings.
Chewy's second quarter financial report showed that its revenue, active customers, and earnings per share all exceeded Wall Street's expectations. In addition, its EBITDA profit margin has grown compared to the previous year, and free cash flow has improved. The increase in profitability has also played a role, with record-breaking net sales per active user reaching $565.
4. As the expectation of interest rate cuts heats up, it is bullish for bank stocks!$JPMorgan (JPM.US)$Stock prices have hit new highs for several consecutive days.
Last Friday, the yield spread between 10-year and 2-year US Treasuries was -0.09 percentage points, compared to -0.17 percentage points at the beginning of the month. Banks borrow at short-term rates and lend at long-term rates, hence the steepening of the yield curve is favorable for bank stocks.
On the other hand, CNBC's Jim Cramer pointed out that the PE ratio of banking giant JPMorgan is only 12 times, emphasizing that this multiple is significantly lower than the average stock in the S&P 500 index, indicating that the stock is undervalued.
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