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 Hong Kong collectively strengthened. As of Friday's close, the Hang Seng Index rose 5.12% to close at 18258.57 points; the Hang Seng Tech Index rose 6.44% to close at 3703.84 points; and the Hang Seng China Enterprises Index rose 5.11% to close at 6381.50 points.
The performance of Hong Kong stocks this week is related to the interest rate cuts by the Fed. In terms of news, the Fed officially started the interest rate cuts as scheduled yesterday, with a "unconventional" 50bp rate cut. The Hong Kong stock market responded positively to this, and the technology index had already started to rise before the Fed announced the interest rate cut, with a cumulative increase of nearly 3% between September 10th and 17th.
Specifically in terms of individual stocks, the clinical results of new drugs are improving!$ASCENTAGE-B (06855.HK)$It has risen more than 15% this week and soared more than 40% this year.
On the news side, Yasheng Medicine recently announced the clinical research results of the original class 1 new drug orelabatinib in a small oral report format at the 2024 European Academy of Oncology Annual Meeting. The drug has shown sustained clinical efficacy and has provided a benchmark for future research on rare diseases it addresses.
Contract research organization stocks are in a frenzy! The US 'Biological Safety Law' was not included in the '2025 Fiscal Year National Defense Authorization Act.'$WUXI BIO (02269.HK)$,$WUXI APPTEC (02359.HK)$Weekly gains have exceeded 10%.
The official website of the US Senate shows that on September 19th, the 'Biological Safety Law' of some Chinese biotech companies was not included in the '2025 Fiscal Year National Defense Authorization Act.'
Boosted by the interest rate cut stimulus!$NEW WORLD DEV (00017.HK)$The weekly increase is nearly 20%, with Morgan Stanley predicting a rebound in property prices next year, and rental returns may increase.
Morgan Stanley's research report pointed out that Hong Kong has unique advantages in benefiting from the decline in US interest rates and the accelerated growth of the mainland economy. The Fed's expected rate cut has also reached historically low levels of valuation and provides sustainable and high-dividend returns for Hong Kong property stocks.
The bank expects Hong Kong property prices to rise by 6% next year after an 8% decline this year. Despite a 30% adjustment in residential prices since 2021, the current affordability ratio of Hong Kong residences is still at a historical high of 50%. However, assuming that mortgage rates will fall to 3.2% next year, the ratio is expected to improve to 45%, and rental deduction for return on investment will also turn positive.
Strong overseas business for household appliances! New stocks$MIDEA GROUP (00300.HK)$The cumulative increase during the week exceeded 16%, and the strong prosperity of household appliance exports is expected to continue.
The latest data released by the General Administration of Customs on September 18th showed that among China's key export products in the first 8 months of this year, household appliances continued to maintain double-digit growth, with a year-on-year increase of 14.7% (in US dollars). As of August this year, China's household appliance exports have achieved year-on-year growth for 18 consecutive months.
This growth momentum is benefiting from the incremental demand in emerging markets and channel replenishment in European and American markets, partially offsetting the impact of high base. It is generally expected that the high prosperity of household appliance exports in the future will continue. At the same time, household appliance companies are also accelerating their industrial 'go global' pace, with giants like Midea Group setting up factories overseas to participate in global competition in a more flexible and market-oriented manner.
$LI AUTO-W (02015.HK)$Rising over 15% this week, the EU has agreed to study the establishment of the minimum selling price for imported electric cars from China.
On the news front, after the meeting between high-level Sino-European trade officials, the EU has agreed to reconsider the establishment of the minimum selling price for imported electric cars from China, in order to avoid imposing tariffs of up to 35.5% by the EU.
The Chinese Ministry of Commerce stated that China is conducting comprehensive, in-depth, and constructive consultations on the EU's anti-subsidy case against Chinese electric cars. Both sides have clearly expressed the political willingness to resolve differences through negotiations, and have unanimously agreed to continue pushing for price commitment agreement negotiations, while fully committed to reaching a solution acceptable to both parties through friendly dialogues and negotiations. If the EU insists on implementing unreasonable tax measures, China will firmly make necessary responses to safeguard the legitimate rights and interests of enterprises.
On the other hand, the following stocks performed weakly this week:
Editor/ping
