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 Hang Seng Indexes collectively adjusted. As of the close on Friday, the Hang Seng Index fell by 6.28% to close at 19426.34 points; the Technology Index fell by 7.29% to close at 4327.84 points; the Hang Seng China Enterprises Index fell by 6.45% to close at 6980.06 points.
From this week's performance, the Hang Seng Index continued its downward trend, dropping from above 20,000 points to below 19,500 points. It is worth noting that this index hit a new low since October 7th on Friday.
Brokerage analysis pointed out that in the short term, the Hang Seng Index is under pressure externally, and the support of the policy bottom faces the verification of fundamental data and the impact of financial pressure.
Specific individual stocks,$JF SMARTINVEST (09636.HK)$This week surged by 23.69%, with the company's AI + investment continuing to develop, and the prosperity of financial information services business helping to boost it.
As of the first half of this year, the company's intelligent investment consultant digital person 'Mr. Nine' has served approximately 0.257 million customers, with a total of 15.83 million services provided, offering professional and easy-to-understand AI Q&A experiences. Additionally, the company empowers learning machine products with big model technology, with 'intelligent investment consulting' assisting in learning, 'AI mind map' organizing key points, 'AI notes' quickly recording, creating intelligent applications around scenarios to comprehensively improve learning efficiency.
$KINGSOFT CLOUD (03896.HK)$Weekly counter-market rise of over 20%, nearly 80% increase within the month, stock price reaching a new high of 1 year, significant acceleration in the pace of AI business investment by the company, poised to be the first to gain incremental resource demand.
CICC released a research report stating that since the second half of 2023, the pace of investment in Kingsoft Cloud's AI infrastructure has significantly accelerated; it is estimated that in the year since 3Q23, the company's capital expenditure has exceeded RMB 3.6 billion, mainly invested in AI computing power.
The bank believes that the company's expansion of financing channels will provide more comprehensive support for future quarters of AI computing power investment. At the same time, the related investments have achieved considerable income conversion, with the company's AI business revenue reaching 0.33 billion yuan in 2Q24, accounting for approximately 26%/17% of public cloud/total revenue respectively.
$DONGFENG GROUP (00489.HK)$Rising over 17% in a week, Dongfeng's domestically produced car-grade MCU chip DF30 was released.
On November 10th, Wuhan Economic Development Zone official WeChat account announced that the Hubei Province Vehicle Rules-grade Chip Industry Technology Innovation Consortium led by Dongfeng Automobile has released a high-performance vehicle-grade MCU chip - DF30, filling the domestic gap.
It is introduced that this is a domestically produced vehicle-grade intelligent high-side driver chip that is fully localized from design to manufacturing process. Currently, it has been officially mass-produced and installed in Dongfeng Automobile's new energy vehicle models. In addition, on November 12th, Dongfeng Nissan announced that it has become the first joint venture brand to cooperate comprehensively with Huawei HarmonyOS cockpit, aiming to create a smart and comfortable travel experience together.
$ZHONGSHENG HLDG (00881.HK)$Rising nearly 12% within the week, it has signed a preliminary negotiation agreement with Chongqing Sokon, the Huawei automobile OEM factory, and has received positive feedback from multiple major brokerage firms.
On the news side, Zhongsheng Holdings announced that the company has signed a preliminary negotiation agreement with Chongqing Sokon, the Huawei automobile OEM factory, agreeing to further discuss the cooperation to distribute the latter's new energy vehicles.
CICC believes in the growth space opened up for the company after collaborating with Chongqing Sokon, as well as the potential boost to future profits. Citigroup has raised Zhongsheng's revenue forecasts for 2025 and 2026 by 10% and 18% to 206.6 billion yuan and 231.5 billion yuan respectively, with net profit forecasts increased by 25% and 24% to 5.79 billion yuan and 83.5 billion yuan respectively.
On the other hand, the following stocks performed weakly this week:
Editor/ping
