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 giantMonthly Hong Kong and US Bull and Bear StocksThis section closely follows market trends, takes stock of monthly performances in the Hong Kong and US stock markets, helps Mooers sort out hot sectors, strong individual stocks, and major news of the month, and seeks investment themes that can make money.
This month, the Federal Reserve significantly cut interest rates by 50 basis points to kick off an easing cycle, significantly easing market concerns about the economic recession in the US.But after the bursting of the internet bubble and the Fed's rate cut in 2001, the ROI dropped by more than 10%.Expectations continue to heat up, with all three major US stock indexes posting gains. As of now, the Nasdaq rose 2.29% this month, the S&P 500 rose 1.59%, and the Dow rose 1.8%.
Looking ahead, institutions indicate that recent economic data from the US still shows resilience, somewhat alleviating the pressure on the Federal Reserve to cut interest rates. However, until early November, interest rate cuts, recession expectations, and the US election will collectively impact the US stock market. As the election results become clearer and more interest rate signals emerge from US economic data, market volatility may still persist.
Specifically in individual stocks, multiple bullish factors have surged! Chinese concept stocks are soaring across the board. Electric vehicle companies$NIO Inc (NIO.US)$and$XPeng (XPEV.US)$ This month surged about 60%, e-commerce giant.$PDD Holdings (PDD.US)$and$JD.com (JD.US)$ Up more than 40%, in addition, $Futu Holdings Ltd (FUTU.US)$N/A.$KE Holdings (BEKE.US)$Both also surged by more than 34%.
It is worth noting that Chinese stocks in the US initially had a relatively flat reaction, but saw a surge of capital inflow last Friday, with long-term investors, general funds, diversified investors, and hedge funds participating, driving the market's uptrend.
A survey shows that long-term investors mainly focused on buying consumer and financial stocks, while hedge funds performed exceptionally well in financial stocks. Both types of investors showed a clear "fear of missing out" sentiment, with foreign hedge funds paying particular attention to sectors such as baijiu and electric vehicle batteries.
S&P 500's best performing stocks, with annual gains outperforming$NVIDIA (NVDA.US)$American Electric Power giant $Vistra Energy (VST.US)$ has more than doubled since the beginning of the year, with Jefferies Financial calling it a top choice in the electrical utilities sector.
Vistra's outstanding stock performance since the beginning of the year has surpassed Nvidia, becoming$Dow Jones Industrial Average (.DJI.US)$ the best performing stock of the year to a large extent due to continued generative artificial intelligence/datacenter capital expenditure surges, as well as more large-scale enterprises reporting higher energy consumption in datacenters, causing even more fund to report electricity supply issues.Real Estate Investment Trustfunds also reported power constraint issues.
Institutions believe that, given Vistra's highly strategic large-scale partnerships in the USA and its diversified investment portfolio, they believe Vistra is expected to be a long-term winner in the clean power and power generation sectors.
In addition, although the medical care sector did not continue the previous month's upward trend, there are still some individual stocks with impressive performances. $Summit Therapeutics (SMMT.US)$ This month surged by over 60%, $Vaxcyte (PCVX.US)$ accumulated gains of over 40%.
On the other hand, the following stocks performed weakly this month:
Editor/Emily
