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. Policy support again!$Li Auto (LI.US)$The Chinese concept car sector rose more than 12% overnight.
On the news front, the China Banking and Insurance Regulatory Commission issued a notice on promoting the support of non-bank financial institutions for large-scale equipment updates and the trade-in of consumer goods. It proposes to increase automobile financial services to support the trade-in of old vehicles for new ones. It encourages automobile financial companies and financial companies that operate automobile financial business to increase financing support for municipal transportation enterprises, thus promoting the application and popularization of new energy vehicles.
The Chinese concept car sector rose in tandem, with Xpeng rising more than 3% and Jidu Auto rising more than 2%.
2. The expectation of interest rate cut boost! Credit card companies have all hit historical highs.$American Express (AXP.US)$Yesterday rose 1.65%, with an annual increase of over 40%.$MasterCard (MA.US)$Rose 0.66%,$Visa (V.US)$Rose 0.37%.
Market analysis believes that the financial industry contains huge investment opportunities during the interest rate cut cycle. The interest rate cut policy directly reduces the funding costs of financial institutions. After the Fed cuts interest rates, banks then lower benchmark interest rates, which is an important reference for credit card debt and other loans.
In addition, the interest rate cut will make life a little easier for some borrowers. Credit card rates closely follow the Federal Reserve's overnight target rate, reducing the debt pressure on credit card users, effectively reducing the bad debt ratio, and stimulating economic consumption.
3. Bet heavily!$Blackrock (BLK.US)$Partnering with Microsoft to bet on the AI track, it reached the $900 mark yesterday, hitting a new all-time high, closing up 1.04%.
On Tuesday, Eastern Time, Microsoft and BlackRock announced plans to launch a fund of over $30 billion to invest in artificial intelligence infrastructure for building data centers and energy projects. The two companies said that including debt financing, this partnership will mobilize up to $100 billion in total investment capacity. The announcement of this cooperation marks Wall Street's great investment interest and confidence in the field of artificial intelligence.
4. Analysts from major banks have raised their target prices! Mobile advertising technology company$Applovin (APP.US)$It rose more than 6% in the previous trading day, surged more than 40% in the past 5 trading days, and rose more than 200% year-to-date, hitting another new all-time high.
Swiss bank analyst initiates a buy rating for Applovin, raising the target price to $145. BTIG analyst maintains a buy rating for the stock and raises the target price to $150.
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Editor/ping