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 Hong Kong stock market ended four consecutive weeks of decline. The daily level continued to fluctuate, with the Hang Seng Index accumulating a 1.08% increase to 20,728.19 points; during the same period, the Hang Seng Tech Index accumulated a 4.11% increase to 4,668.26 points; the Hang Seng China Enterprises Index also saw a 1.62% increase to 7,461.44 points.
From the top gainers list, China-affiliated brokerage stocks,MergerConcept stocks are considered the 'top performers' this week.
Specific individual stocks,$SH ELECTRIC (02727.HK)$Cumulative surge of 61.90% this week, triggering the stock's important condition is its announcement of Merger.
On the news side, since the release of the Mergersix regulations by the CSRC on September 24, listed companies MergerRemaining active. On October 18, shanghai electric group announced that its wholly-owned subsidiary Automation Group plans to acquire 100% equity of Ningsheng Industrial at a transaction price of approximately 3.082 billion yuan. The core asset of Ningsheng Industrial is 50% ownership of Shanghai Fanuc Robotics.
Shanghai Electric Group stated that this acquisition aims to further improve its layout in the field of robotics, building a complete industry chain covering components, controllers, robot body, industrial robots, professional robots, and collaborative intelligent robots, while providing high-quality services throughout the entire equipment lifecycle.
A-share trading volume has been surging for several days, benefiting several China-affiliated brokerage stocks directly. $CMSC (06099.HK)$Please use your Futubull account to access the feature.$CSC (06066.HK)$Please use your Futubull account to access the feature.$SWHY (06806.HK)$ Rising more than 20% in a week, $CITIC SEC (06030.HK)$Please use your Futubull account to access the feature.$GF SEC (01776.HK)$ Rising nearly 19% and 17% respectively in a week.
On the news front, the A-share market has been trading actively for consecutive days recently. On November 7th and 8th, the A-share turnover exceeded 2.5 trillion yuan, directly benefiting related brokerage stocks. Some non-banking analysts believe that driven by individual investors in the bull market, it is expected that stock market trading volume and brokerage business may exceed the historical assumptions of recent years, and the performance in the fourth quarter of 2024 may significantly exceed expectations.
It is worth mentioning that in the past two days, there have been major personnel changes at Citic Securities and China Securities Co.,Ltd. Former executive director of China Securities Co.,Ltd., Zou Yingguang, has been appointed as the general manager of Citic Securities. It is understood that the former senior executive of Citic Securities, Jin Jianhua, has become the general manager of China Securities Co.,Ltd. This has also sparked some speculation in the market about whether the two brokerages will merge.
Inclusion in the MSCI series indexes, $FOURTH PARADIGM (06682.HK)$With a 36.18% cumulative increase in the past week, the company is expected to benefit from a new round of technological innovation by AIAgent.
On the news front, on November 7, 2024, MSCI announced the semi-annual review results of the MSCI series of indices, with the related adjustments set to take effect after the close of trading on November 25. The MSCI Global Small Cap Index includes 11 stocks from China, with 10 being listed in Hong Kong including Fourth Paradigm.
Furthermore, as a concept stock in AI, Fourth Paradigm has entered into a strategic partnership with Risolar, officially launching the jointly developed enterprise AI computing power pooling platform, RiseVAST. It is reported that the AI computing power pooling platform can effectively improve the utilization of AI computing resources and computing execution speed, increasing GPU utilization rates by 5-10 times.
On the other hand, the following stocks performed weakly this week:
Editor/Rocky
