2024/5/20 投資ネタ

UG
#MU upgraded to Equal Weight from Underweight at Morgan Stanley at 130：HBM需要がﾊﾞﾘｭｴｰｼｮﾝを正当化/NANDも回復見込み
#TER upgraded to Buy from Neutral at Goldman Sachs
at 161：HBMとｶｽﾀﾑｺﾝﾋﾟｭｰﾀｰの需要増でSoCﾃｽﾄとrobotics franchiseの回復が見込まれる
#MBGYY upgraded to Overweight from Equal Weight at Morgan Stanley ：マージン悪化は織り込み済。自社株買いの強さと、資産売却により更なる株主還元期待可能

DG
#VWAGY /#DRPRF downgraded to Underweight from Equal Weight at Morgan Stanley ：新車の単価がprice/mixとEUR高で下落し、マージン悪化。capexも重石
#SE downgraded to Neutral from Accumulate at Phillip Securities on valuation
#Rio downgraded to Neutral from Buy at Citi
：ﾊﾞﾘｭｴｰｼｮﾝは適正に。中国の鉄鋼需要は最近の緩和策では変わらない。中国の製鋼所はBEを割っている。

NVDA
-ﾁｬﾈﾙﾁｪｯｸ：April/Julyの売上を1bln以上伸ばす可能性/供給制約の緩和によりｱｼﾞｱ向け販売増加
-AI向け需要が強いまま
-競合不在の状態は当面続く

earnings
#PANW Tumbles After Sales Forecast Disappoints
-4Q billingｶﾞｲﾀﾞﾝｽが予想未達
-2Hに回復期待/次世代ｾｷｭﾘﾃｨARR +47%/RPO +23% YoY
-顧客が支払いを先延ばしにするｹｰｽ多い/予算制約の問題でﾊﾟｲﾌﾟﾗｲﾝが前に進まない
-ﾌﾟﾗｯﾄﾌｫｰﾑ導入販促の重石はFY25まで続く見通し変わらず

#KEYS Surpasses Q2 Earnings and Revenue Estimates
-Q3ｶﾞｲﾀﾞﾝｽがEPS/売上共に予想以下

個別株
#AAPL SLASHES IPHONE PRICES IN CHINA AMID HUAWEI COMPETITION - Reuters
#BA China sanctions Boeing unit, two other U.S. defense firms over Taiwan arms sales - SA
#TSLA REPORTEDLY OFFERING DISCOUNTS TO OFFSET FLEET VALUE DROPS IN EUROPE - Reuters
#TSLA job cuts to extend through June, leaves workers in limbo, Bloomberg says
#LI Chinese #EV maker to lay off 18% of workforce due to weaker-than-expected sales of new model MPV MEGA, reported Chinese newspaper
#TGT TO REDUCE PRICES ON 5,000 FREQUENTLY SHOPPED ITEMS
#CCL #RCL #NCLH | NORWEGIAN CRUISE LINE RAISES 2024 PROFIT FORECAST
#HIMS + GLP1 access
#JPM - Not buying back stock here

マクロ・債券
(米国)
$SPY | Morgan Stanley's Wilson has RAISED his 12-month price target for the S&P 500 to $5,400 from $4,500, saying "macro environment becoming harder to predict."
Small businesses also remain generally healthy, with balances and cash buffers continuing to normalize. While we are seeing growth in small-dollar lending, this is a newer product for us. Overall, demand for credit remains relatively muted, with debt levels below historical norms. Business spend is demonstrating some expense discipline. While payroll expenses continue to grow, businesses have successfully cut back in other areas
-SMBの状況は問題なく、小口の借入が増加している
-債務も過去対比少ない状況
-支出は抑え気味のまま
-人件費のみ増加継続
(欧州)

(その他)
Taiwan April Export Orders y/y +10.8% (est +6.1%, last +1.2%)
UK BOE DEP. GOV. BROADBENT: IT'S POSSIBLE THE BANK RATE COULD BE CUT IN THE SUMMER.
イーサ急伸、現物投資型ＥＴＦ承認観測強まる－ビットコインも高い