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.
Chinese concept stocks continue to rise! Alibaba (BABA.US) surged more than 27% in seven days, new energy vehicle stocks Nio (NIO.US)Please use your Futubull account to access the feature.XPeng autos (XPEV.US) Led the gains last Friday.
The Central Political Bureau of the CPC held a meeting to analyze and study the current economic situation, deploy the next economic work, and foreign funds unanimously bullish on Chinese assets. Among them, Goldman Sachs and Goldman Sachs supported Chinese concept e-commerce stocks. Alibaba rose more than 2% last Friday, up more than 27% in the past seven days, and its stock price hit a new high in nearly a year. Nio and XPeng autos rose nearly 13% and 9% respectively, both reaching new highs in six months. HSBC Research pointed out that the demand for mainland new energy vehicles is strong, recommending XPeng, Nio, and BYD.
2. Golden Week boosts travel stocks? $Trip.com (TCOM.US)$ Rising nearly 20% in the past two days, hitting a historical high in stock prices.
On the news front, with the upcoming Golden Week holiday, the number of Chinese tourists traveling to popular countries in Europe and America has surged. According to Qunar and Trip.com, the volume of overseas flights and hotel bookings during the holiday has significantly increased compared to last year's Golden Week, with international flight bookings doubling, with Europe seeing the fastest growth. According to Fliggy, Alibaba's travel service platform, overseas car rental bookings surged by over 150% from 2023, and cruise product bookings increased sixfold. Asian travel destinations, from Japan to Malaysia, are favored during the week-long holiday starting on October 1.
Citigroup analyst Brian Gong maintains a 'buy' rating on the company with a target price of $66.
Stock price hits a new high! $American Express (AXP.US)$ Turning around to the upside, rising over 45% since 2024, achieving the best performance in 15 years.
American Express is a global financial institution, operating in approximately 130 countries, providing fee and credit card payment products to consumers and businesses. Since 2018, the company has been operating in three areas: global consumer services, global business services, and global commercial and network services. In addition to payment products, the company's business services also include expense management tools, consulting services, and business loans.
American Express turned around to the upside, rising over 1% last Friday, outperforming the market average by nearly 3% over the past 15 years, with an annual average return rate of 15%. It has risen over 45% since 2024, achieving the best performance in 15 years. Currently, American Express has a market cap of $192.7 billion. Goldman Sachs analyst Mihir Bhatia maintains a 'hold' rating on the company, with a target price of $280; Citigroup has adjusted American Express' target stock price from $250 to $270, maintaining a 'neutral' rating.
