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 giantAnalysis of the North-South Water Market. This section focuses on tracking the status of North-South Water funds, which serves as a market indicator, and studying the direction of "smart money" layout.
In August, the cumulative turnover of southbound funds was HKD 622.476 billion, a significant decrease of HKD 118 billion compared to July. In addition, the net inflow of southbound funds in this month was HKD 41.876 billion, a decrease of about HKD 6 billion compared to July, and lower than the average for the first 8 months.
In terms of trend, the southbound funds have maintained continuous inflow from January to August this year, with a total inflow of 461.2 billion Hong Kong dollars, more than twice the total inflow in the same period last year.
Looking at it from an industry perspective, in August, southbound funds mainly increased their holdings in technology stocks. Although financial stocks have been continuously increasing for the sixth consecutive month, the net buying volume has significantly decreased. In addition, there has been sustained attention on the public utility sector.
Specifically, in terms of net buying,$TENCENT (00700.HK)$,$CHINA MOBILE (00941.HK)$and$XIAOMI-W (01810.HK)$ Ranked in the top three in net inflows, Beishui increased holdings by HKD 6.196 billion, HKD 3.065 billion, and HKD 1.675 billion, respectively.
In terms of net outflows, Beishui sold respectively$HSBC Holdings (HSBC.US)$,$MEITUAN-W (03690.HK)$,$TRACKER FUND OF HONG KONG (02800.HK)$1.815 billion Hong Kong dollars, 1.566 billion Hong Kong dollars, 1.16 billion Hong Kong dollars.
Editor/Emily