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 three major stock indexes in the US rose and fell differently. The Dow Jones index reached a new high, closing up 1.21%, the S&P 500 index closed up 1.26%, and the Nasdaq Composite Index closed down 0.47%.
At the end of August, at the annual Jackson Hole meeting of global central banks, with the declaration from Fed Chairman Powell that "it's time to adjust the policy", the European and American central banks officially began to shift to an easing cycle; analysts believe that this implies the Fed's determination to lower interest rates to ensure a 'soft landing' for the economy. In addition, according to the latest data from the CME, the current market fully expects the Fed to start cutting interest rates in September. As of the time of writing, the market anticipates a 67% probability of a 25 basis point rate cut.
In terms of specific individual stock performance, the American version of "Alipay".$Affirm Holdings (AFRM.US)$In terms of specific individual stock performance, the US version of "Huabei" reported performance and guidance that greatly exceeded expectations, with the stock price skyrocketing by over 30% in a single day, marking the largest single-day gain in nearly three years. It surged nearly 50% this month, ranking first on the top gainers list for the month.
In the fourth quarter of Affirm's 2024 fiscal year, revenue increased by 48% year-on-year to $0.659 billion, better than analysts' expected $0.604 billion; Net loss was $45.1 million, significantly narrowing from a net loss of $0.206 billion in the same period last year; Revenue for the first quarter of the 2025 fiscal year is expected to be between $0.64 billion and $0.67 billion, also better than analysts' expected $0.625 billion. The CEO of Affirm stated that the company has set a new goal to achieve positive GAAP operating profit before the fourth quarter of the 2025 fiscal year.
Optional consumer consumption rises! Mediterranean dining brand$CAVA Group (CAVA.US)$Rise more than 30% within the month, second-quarter performance exceeds market expectations;$Starbucks (SBUX.US)$Appointed the CEO of Moxi barbecue as the successor, the change of leadership caused the stock price to soar by 24.5% in a single day, and it has increased by more than 22% within the month.
CAVA's second-quarter revenue increased by 35% to $0.2314 billion, surpassing the market's expectations of $0.22 billion; Net profit was $19.7 million, a year-on-year increase of 203%; Adjusted EPS was 17 cents, beating market expectations of 13 cents. It is worth noting that the performance of every quarter in Cava Group's five quarterly reports since its listing has exceeded expectations.
Starbucks, the leading chain coffee company, announced that it has poached the CEO of the famous chain Mexican cuisine Chipotle, Niccol, to serve as its own CEO, causing a shock in the market. Niccol joined Chipotle in 2018 and successfully led the brand through the pandemic, making it one of the most popular chain dining brands in the United States. During his tenure, Chipotle's market cap soared from $8.9 billion to $76.5 billion. BTIG analyst pointed out that Niccol is highly trusted by the investment community and will help Starbucks achieve transformation more flexibly.
The largest acquisition in the history of the packaged food industry! Family-owned confectioners giant Mars will acquire all shares of Kellogg's, which has risen more than 38% this month.$Kellanova (K.US)$Second quarter performance exceeded expectations, with a single-day surge of 25.30% after the results were announced, and a cumulative increase of over 30% this month.
According to media reports, Mars will pay a significant premium with cash in full to acquire Kellanova at $83.50 per share, which is a premium of about 33% over the closing price of Kellanova which was first reported by the media on August 2nd.
Soared after performance announcement!$Fortinet (FTNT.US)$Fortinet announced that its adjusted earnings and revenue for the second quarter were higher than market expectations, and raised its full-year guidance for 2024. The stock price soared 25.30%, making it the biggest gainer in both the S&P 500 and Nasdaq indexes.
The largest acquisition in the history of the packaged food industry! Family-owned confectioners giant Mars will acquire all shares of Kellogg's, which has risen more than 38% this month.
On the other hand, the following stocks performed weakly this month:
Editor/ping