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美股掘金 | 美联储超预期降息!多家房地产相关股创年内新高;加速收购计划,美国私募巨头KKR五日累涨超9%

US stocks mining | The Federal Reserve cuts interest rates more than expected! Multiple real estate-related stocks reach new highs for the year; Accelerate the acquisition plan, US private equity giant KKR rises more than 9% in five days

Futu News ·  Sep 19, 2024 10:30

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. Interest rate cuts boost! US real estate related stocks rise together.$Zillow-A (ZG.US)$and$Zillow-C (Z.US)$Yesterday rose more than 3%.$Jones Lang LaSalle (JLL.US)$ Rise more than 2%,$Home Depot (HD.US)$Rise 0.2%, setting new highs for the year.

The Federal Reserve announced on the 18th that it would cut the federal funds rate target range by 50 basis points to a level of 4.75% to 5.00%. This is the Fed's first rate cut since March 2020 and marks a shift from a period of monetary policy tightening to a period of easing.

Market analysis suggests that the real estate market is a typical interest rate-sensitive industry, and its performance has historically been directly related to interest rates. The market's reaction suggests that investors have already begun to price in the possibility of future interest rate cuts. In the United States, 30-year fixed mortgage rates have fallen to around 6.50%, which will encourage more homebuyers to enter the market and drive a recovery in real estate transactions.

2. Accelerate acquisition plans! American private equity giant$KKR & Co (KKR.US)$Rising by over 1% overnight, accumulating over 9% in the past 5 trading days, skyrocketing by over 56% year-to-date.

According to insiders, the American private equity giant KKR Group has decided to bring forward the start date of its tender offer to Japan's Fujifilm Software Corporation to September 5, in order to beat private equity rival Bain Capital in the bidding competition. Sources revealed that KKR is expediting its acquisition plan of this software company based in Yokohama, originally scheduled to begin in mid-September.

KKR's new accelerated acquisition plan increases the likelihood of completing the acquisition before Bain Capital formally presents its acquisition offer. In August this year, Fujifilm Software stated that despite receiving higher bids, it agreed to KKR's acquisition offer because it believed KKR's bid was legally binding and certain to materialize.

3, Soft Landing Expectations Ignited! Artificial Intelligence Optical Communication Company$Coherent (COHR.US)$Up nearly 4% in the previous trading day, up nearly 90% year-to-date; Artificial Intelligence Cloud Service Platform$ServiceNow (NOW.US)$Hitting a historic new high during the session, with a total annual increase of over 26%.

Wedbush analyst said: 'In short, we believe that with the Fed and Powell launching an interest rate cut cycle this week, a soft landing in the macroeconomic sense is still possible. Technology companies' spending on artificial intelligence is still in the early stages of the cycle. We believe that tech stocks are ready to rise at the end of the year and by 2025.'

Daniel Ives stated that the capital expenditure on artificial intelligence is expected to reach 1 trillion US dollars in the coming years. He added, 'As more and more technology suppliers demonstrate the monetization aspect of artificial intelligence, this will ultimately drive the next phase of the bull market in technology stocks in a very stable overall IT spending environment. We believe this is the bullish background for tech stocks.'

4. Target price raised by major banks! $On Holding (ONON.US)$Yesterday's increase exceeded 3%, with the stock price soaring nearly 10% in the past 5 days and an accumulated increase of over 88% this year.

Stifel analyst maintains a buy rating on Aurora and raises the target price from $45 to $59. HSBC analyst initiates coverage on Aurora with a hold rating and a target price of $52.

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III. Popular U.S. stock gains and losses rankings

Editor/ping

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