2024/4/17 投資ネタ

UG
#OMC /WFC/OW：新規ビジネス、メディアの広告などから成長余地あり
#GPI /Guggenheim/Buy：マルチプルが割安だが、重石となっている課題は近々解決する見込み
#DHR /HSBC/Buy：在庫の整理とリストッキング再開している可能性あり。米国バイオセキュア法によりプライシングが改善している可能性もあuy：る
#ELF /TD/販売所におけるスペースの確保と国際展開により2027までに売上倍増を見込む。新商品も売り上げに貢献。
DG
#BWAGY /Bernstein/MP：投資が膨れており、収益性の改善が必要
#URBN /Jefferies/UP：チャネルチェックでこの三か月の客足の著しい現象がみられた。年末の二けたの客足の伸びが5%以下にまで減速。
#EQT /WFC/EW：ETRNとの合併はGas E&P + Midstreamというユニークなミニスーパーメジャーになった。しかし、この結果が吉とでるかは時間を要するし、当面は財務の悪化が重石となる。

Initiate
#RCL /Mizuho/Buy：様々なタイプの客船や行き先を保有しており、この強みで収益上振れを狙える。渡航先の拡大で新規需要も狙える。

Earnings
#ASML reports Q1 EPS EUR 3.11 vs. EUR 5.21 last year：ur outlook for the full year 2024 is unchanged, with the second half of the year expected to be stronger than the first half, in line with the industry's continued recovery from the downturn.
#VLVLY reports Q1 EPS SEK 6.92 vs. SEK 6.35 last year ：Invoiced price continued to increase, mainly on the back of carry-over from the price increases we gradually implemented last year.
#CFG sees FY24 net interest income down ~2% ：
#USB reports Q1 adjusted EPS 90c, consensus 88c ：Q1 net interest margin 2.70% vs. 3.10% last year. sees Q2 NII relatively stable vs. Q1. cuts FY24 NII view to $16.1B-$16.4B from $16.6B
#TRV reports Q1 core EPS $4.69, consensus $4.90：Strong core income was driven by record net earned premiums of $10.1 billion, up 14% compared to the prior year period, and an excellent combined ratio of 93.9%. The combined ratio improved 1.5 points, notwithstanding elevated catastrophe activity, primarily in the central and eastern regions of the United States. The underlying combined ratio improved 2.9 points to an outstanding 87.7%, driven by strong underlying results in each of our three segments.
#ABT reports Q1 adjusted EPS 98c, consensus 95c
#RIO reports Q1 Pilbara iron ore production 77.9 Mt, down 2% y/y
#PLD reports Q1 Core FFO $1.31 ex-items, consensus $1.28 ：While operating conditions are healthy in the majority of our markets, customers remain focused on controlling costs, which is weighing on decision making and the pace of leasing, while being prepared for a slower environment in the next quarter or two. "leasing to stay competitive in a handful of our larger, higher-rent markets. With that, our current view calls for lower average occupancy in the year. Accordingly, we have reduced full-year guidance ranges for occupancy, same-store growth and earnings, but view the adjustments more as a matter of timing as the outlook on new supply remains very favorable

個別株
#TTWO said they are rationalizing their pipeline and eliminating several projects in development.
#ADSK | Autodesk announced that its internal investigation into accounting practices is still underway, and "it won't be able to file" its annual report for the year ended January 31 within the extended 15-day period.
#F   FORD IS RECALLING 456,565 U.S. VEHICLES - NHTSA
#MBLY (+2.7% pre) Mobileye (MBLY) secures orders to ship 46 million new assisted driving chips - Reuters

マクロ・債券
第一生命ＨＤ社長、30年債２％付近で購入加速へ－外債投資は難局面に
英中銀の2024年利下げ回数、１回のみが優勢に－インフレが予想以上
Housing affordability in the US is about the lowest since the 1980s: Dallas Fed research.

EUROZONE CPI YOY FINAL ACTUAL 2.4% (FORECAST 2.4%, PREVIOUS 2.4%) $MACRO
ECB'S HOLZMANN: THE BIGGEST THREAT IS GEOPOLITICS.
ECB'S CENTENO: THERE IS SIGNIFICANT PROGRESS ON INFLATION.

コモディティ
BIDEN CALLS FOR HIGHER TARIFFS ON CHINA #STEEL , #ALUMINUM .
Asian Gas Prices Surge Near Highest This Year Amid Conflict Risk
Oil dips as demand worries outweigh Middle East supply risks - Reuters

地政学
QATARI PRIME MINISTER SAYS GAZA CEASEFIRE TALKS ARE GOING THROUGH A 'DELICATE PHASE'
A HAMAS LEADERSHIP SOURCE: AMERICAN BEHAVIOR WILL NOT BRING ABOUT A DEAL, BUT RATHER WILL INCREASE THE STATE OF ESCALATION