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. The performance stocks continue to soar! $Reddit (RDDT.US)$ Last night soared more than 40%, skyrocketed over 240% since listing this year. $Snap Inc (SNAP.US)$ Surged nearly 16%, GPS giant $Garmin (GRMN.US)$ Surged over 23% overnight, reaching a historical high.
On the news front, Reddit's daily active users in the third quarter reached 97.2 million, a year-on-year increase of 47%; revenue was $0.3484 billion, a 68% year-on-year increase; advertising revenue was $0.3151 billion, a 56% year-on-year increase; other revenue was $33.2 million, a 547% year-on-year increase; gross margin was 90.1%, compared to 87.3% in the same period last year; net income was $29.9 million, while the net loss the previous year was $7.4 million; Goldman Sachs analyst Eric Sheridan maintained a 'hold' rating on Reddit and raised the target price from $60 to $105.
Snap's third-quarter active advertising clients more than doubled year-on-year, with paid users increasing to 12 million, an increase of 1 million from the previous quarter; revenue was $1.373 billion, a 15% year-on-year increase; net income was -$-0.153 billion, compared to -$-0.368 billion in the same period last year, a 58% year-on-year narrowing; adjusted EBITDA was $0.132 billion, a 229% year-on-year increase; operating cash flow was $0.116 billion, a 792% year-on-year increase; additionally, Snap announced a $0.5 billion share buyback plan; JMP Securities analyst Andrew Boone maintained a 'outperform' rating on Snap and lowered the target price from $17 to $16.
Garmin's third-quarter revenue reached $1.59 billion, a 24% year-on-year increase, with a gross margin of 60%, operating income up 62% year-on-year, and operating margin increased to 27.6%; expected earnings per share of $1.99, a 41% year-on-year increase, adjusted earnings per share increased from $6.00 to $6.85, revenue increased from $5.95 billion to $6.12 billion; JPMorgan analyst Joseph Cardoso maintained a 'hold' rating on Garmin with a target price of $178.
2. Over 40% increase in October! The U.S. Department of Education plans to forgive massive student debt, with student loan companies $SoFi Technologies (SOFI.US)$ Rising over 7% overnight.
On the news front, recently, the US Department of Education stated that it will propose new rules to provide student debt relief for nearly 8 million economically distressed borrowers, where the Secretary of Education can discharge the entire outstanding balance of student loans when borrowers are fully unable to repay or the cost of collection is unreasonable; SOFI achieved an adjusted revenue of 0.6894 billion USD in the third quarter, with a pre-tax net income of 0.1862 billion USD; Expected net income is 2.535-2.55 billion USD, higher than the previous range of 24.25–2.465 billion USD; SoFi has raised its pre-tax net income forecast to 0.64-0.645 billion USD, surpassing the previous range of 6.05–0.615 billion USD.
Morgan Stanley analyst Jeffrey Adelson maintains a 'sell' rating and raises the target price from 6 USD to 7.5 USD; Goldman Sachs analyst Michael Ng maintains a 'neutral' rating and raises the price target from 7.5 USD to 8.5 USD.
0.3, 1.4 billion acquisition confirmed! Pharmaceutical giant $AbbVie (ABBV.US)$ Acquisition of Alzheimer's drug company Aliada was finalized, reaching a new high after yesterday's earnings report.
On the news front, AbbVie has agreed to acquire all outstanding shares of the biotechnology company Aliada Therapeutics, focused on neuroscience, for 1.4 billion USD in cash in a deal that will allow AbbVie to leverage Aliada's new technology to enhance its work in the field of neuroscience; AbbVie's third-quarter adjusted earnings per share were 3 USD, with revenue of 14.5 billion USD, both exceeding market expectations, with major business highlights in the third quarter including significant revenue growth of pharmaceuticals Skyrizi and Rinvoq, expecting total revenue to exceed 17 billion USD this year.
Leerink Partners analyst David Risinger maintains a 'hold' rating; Evercore ISI adjusts the target stock price from 192 USD to 204 USD.
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编辑/Wade