美银分析师恢复了对Carvana的评级覆盖，给予185美元的目标价，较周四收盘价有约8%的上涨空间。该行表示，随着二手车市场价格趋于正常、汽车供应回升以及利率开始下降，8000亿美元规模的二手车市场正步入复苏轨道。分析师称，“二手车销量仍远低于疫情前水平，我们预计随着利率下降，市场将进一步恢复。”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.
As of the close on Thursday, the Dow Jones Industrial Average rose 1.53% for the week to 42,025.19 points; the S&P 500 index rose 1.56% for the same period to 5,713.64 points; and the Nasdaq index rose 1.87% to 18,013.98 points for the same period.
US used car dealers$Carvana (CVNA.US)$ This week has risen for four consecutive days, with a cumulative increase of over 20%, also reaching a new high for the year, with a total increase of 222.5% this year.
Bank of America analyst resumed coverage of Carvana, giving it a target price of $185, about 8% higher than Thursday's closing price. The bank stated, "With used car market prices trending towards normal, auto supply rebounding, and interest rates beginning to decline, the $800 billion used car market is entering a recovery track. Analysts said, "Used car sales are still significantly below pre-pandemic levels, and we expect the market to further recover as interest rates decline."
The Fed's interest rate cut has landed, benefiting the financial credit sector and rising! $PayPal (PYPL.US)$and$Capital One Financial (COF.US)$Please use your Futubull account to access the feature.$Discover Financial Services (DFS.US)$ Both surged by about 10%.
The financial credit sector has shown significant growth recently, mainly due to two positive factors brought about by the interest rate cut. On the one hand, the interest rate cut directly reduces the borrowing costs and loan rates of financial institutions, which may attract more borrowers and increase the profitability of credit companies. In addition, the interest rate cut stimulates economic activity and promotes consumer spending and loans, thereby increasing the market demand for credit companies.
The speculation of capital inflow is rampant, and Chinese concept stocks are rising sharply! $Li Auto (LI.US)$Please use your Futubull account to access the feature.$JD.com (JD.US)$ Leading the charge, stock prices have risen by about 10% this week.
The market expects that, against the backdrop of the Fed's interest rate cuts, the renminbi exchange rate will be relatively strong, which is expected to attract foreign capital to rebalance its global market allocation and increase the inflow of funds into Chinese assets. In addition, the Fed's ongoing interest rate cuts are expected to further alleviate the foreign exchange outflow pressure faced by the renminbi exchange rate caused by interest rate differentials, and open up domestic monetary policy space.
On the other hand, the following stocks performed weakly this week:
Editor/new