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.
This week, the three major stock indexes in the US were relatively weak, with concerns about the health of the US economy following the release of data such as the "ISM Manufacturing Index" and "ADP Employment Report". At the same time, starting from this weekend, the Federal Reserve will enter a blackout period before the interest rate meeting, and tonight's non-farm payroll data will be the only key economic indicator that can influence market expectations before the blackout period.
TSMC's US stocks rose more than 4% in early trading, but then fell sharply to a decrease of 4%, and rose slightly at the close.$Dow Jones Industrial Average (.DJI.US)$It fell by 1.94% to 40,755.75 points during the same period.$S&P 500 Index (.SPX.US)$Cumulatively down 2.57%, at 5503.41 points; $Nasdaq Composite Index (.IXIC.US)$During the same period, the cumulative decline was 3.31%, at 17127.66 points.
Specific individual stocks,$Tesla (TSLA.US)$Bullish news continues to be realized, with the release of the latest Cyber Offroad Traveler and Optimus humanoid robots. FSD is expected to be launched in China and Europe next year, with an accumulated increase of 7.50% this week.
In terms of news, Tesla will showcase its latest hardcore products at the Shanghai Bund event. Tesla stated that its goal is to significantly reduce the cost of robots from hundreds of thousands of dollars to one or two thousand dollars, with more than 1000 Optimus robots helping humans complete production tasks at Tesla's factories.
In addition, Tesla AI posted on the social media platform 'X' that Tesla plans to launch what it calls a 'Fully Automated Driving' (Full Self-Driving) advanced driving assistance system in China and Europe in the first quarter of next year, and is currently awaiting regulatory approval.
Betting on the Fed's rate cut in September, telecom stocks are all excited!$Vodafone (VOD.US)$,$TELUS (TU.US)$,$AT&T (T.US)$Continue to rise for three weeks, among them, Vodafone and AT&T have increased by over 20% this year.
As a type of public utility stock, telecom stocks are almost a sure bet with the Fed's rate cut in September, causing the yield on 10-year Treasury notes to decline to around 3.8%. This change makes dividend yields of utility stocks relatively more attractive, providing investors with an alternative investment option in a low-interest rate environment.
From historical data, $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$And.$Utilities Select Sector SPDR Fund (XLU.US)$There is an obvious negative correlation, and the gradual decline of the 10-year US Treasury bond yield also laid the foundation for the rise of utility stocks.
Received target price upgrade from major banks!$Coupang (CPNG.US)$This week's cumulative increase is over 5%, up over 40% so far this year, with a market cap exceeding 40 billion US dollars.
CLSA analyst upgraded Coupang's rating from hold to strong buy, and raised the price target from $18 to $31, while Morgan Stanley raised the target price from $26 to $27.
On the other hand, the following stocks performed weakly this week:
Editor/ping