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.
After the first televised debate between Harris and Trump, the 'photovoltaic solar energy sector' emerged as the big winner. $First Solar (FSLR.US)$Surged 15%. $NextEra Energy (NEE.US)$Please use your Futubull account to access the feature.$GE Vernova LLC (GEV.US)$ Reached a new all-time high.
After the first debate between Harris and Trump, the mainstream opinion generally believes that Harris performed better than expected, and the photovoltaic sector became the biggest winner.
During the debate, Harris mentioned that if she wins the election, she will continue to invest in the clean energy economy, including solar and wind energy. In addition, Harris also mentioned the Inflation Reduction Act (IRA), which stimulates the development of the domestic clean energy industry through tax incentives and subsidies, which is a positive factor for the photovoltaic solar energy industry.
2. Strong performance in cloud computing business. $IBM Corp (IBM.US)$ The stock price reached a new high, and has risen more than 20% this year.
On Wednesday, IBM's stock price reached a new all-time high. Before reaching this new high, IBM has already risen more than 20% this year. Although the stock price increase cannot be compared to companies like Nvidia, its volatility is lower than popular AI concept stocks.
IBM corp has not been favored by stock market investors for many years. The outstanding performance at this time is precisely because IBM, as a traditional hardware company, is striving to shift its focus to the software field, such as the acquisition of Red Hat in 2019, the acquisition of Apptio last year, and the announcement of the acquisition of cloud computing company Hashicorp Inc. in April of this year.
The latest financial report shows that IBM's artificial intelligence consulting and software bookings are twice as high as the previous quarter, and the company also expects the proportion of revenue from software to increase. IBM's cloud business includes data that may help train large language models (LLM), which also means that IBM is beginning to be seen as a winner in the field of AI.
3. Contemporary Amperex Technology plans to limit production at its main lithium mines, leading to a more than 10% surge in the stock prices of lithium mining companies in the US market. $Albemarle (ALB.US)$Please use your Futubull account to access the feature.$Sociedad Quimica Y Minera De Chile (SQM.US)$ The stocks of lithium mining companies in the US surged more than 10% in response.
On Wednesday, Ningde Times, the world's largest electric vehicle battery manufacturer, is considering sealing off one of its lithium mica mines and three lithium carbonate production lines in eastern China. As a result, lithium mining stocks in the US surged. At the close on Wednesday, leading lithium mining company Albemarle became one of the companies with the largest increase in the S&P 500 index, with a 13.6% increase.
UBS analysts pointed out that the suspension of Contemporary Amperex Technology's lithium business in Jiangxi may lead to an 8% reduction in China's monthly production of lithium carbonate, which may be bullish for lithium prices in the long term under the background of market supply and demand tending to balance. It is expected that lithium prices will continue to rise this year.
In addition, Citigroup analysts believe that the recent increase in lithium prices is also due to the traditional peak season from September to October. It is estimated that the production of cathode materials will increase by 6% month-on-month, which should also accelerate the destocking process of lithium.
4. Business growth benefits from AI engines, and investors are bullish. $Applovin (APP.US)$ rose 13.15%.
AppLovin Corp is a mobile app technology company that connects advertisers such as Experian with consumers and game app developers such as Electronic Arts through its platform to achieve profitability.
AppLovin's revenue mainly comes from its software platform, which attracts about 1.4 million users per day and optimizes advertising spending ROI through precise targeting. The latest financial report shows that the significant growth of AppLovin's AI advertising engine AXON 2.0 in game studios has driven revenue growth. The company expects its software business to grow by 20% to 30% in the long term.
One, hitting new highs in US stocks.
II. Innovative American individual stocks
III. Popular U.S. stock gains and losses rankings
Editor/Rocky