2024/8/21 投資ネタ

UG
#TXN Citi Upgrades to Buy, Raises PT to $235 from $200
-2026のcapex引下げ
-ﾏｰｼﾞﾝﾎﾞﾄﾑｱｳﾄ
#GLW Mizuho Upgrades to Outperform, Raises PT to $47 from $44
-光ﾌｧｲﾊﾞｰのﾃﾞｰﾀｾﾝﾀｰにおける優位性
--冷却と電力

DG
#AXP downgraded to Neutral from Buy at BofA at 263
-小売/旅行業者のｺﾒﾝﾄは消費者の悪化を示唆
-請求額成長率の鈍化懸念
-ﾊﾞﾘｭｴｰｼｮﾝも高い
#SBUX downgraded to Sell from Hold at DZ Bank

earnings
#TJX
〇:Q2売上・EPS
×:Q3EPS/FY25EP4
-SSS +4%
--客足増加
-3Qも強いまま
--Q3SSS +2-3%
-在庫 -1.7%YoY
#ADI
〇:Q3売上・EPS・ﾏｰｼﾞﾝ/Q4売上
-Industrial $1.06 billion, estimate $1.09 billion
-Communiations $266.6 million, estimate $253.5 million
-Automotive $670.3 million, estimate $683.8 million
-Consumer $316.6 million, estimate $274.7 million
△:Q4EPS
#TGT
〇:Q2ﾏｰｼﾞﾝ/FY25EPS(raised)
-SSS +2%
--ﾄﾗﾌｨｯｸ増加/Eｺﾏ増加
--一人当たり購入額はYoY-0.9% vs -1.3%e
-裁量的支出のﾄﾚﾝﾄﾞが改善中
--ｱﾊﾟﾚﾙ/美容
#M
〇:Q2EPS
×:Q2売上/FY24売上・EPS・SSS(lowered)
-販促要継続/消費者はより選択的に
--高所得者層含む
--Q3のｶﾞｲﾀﾞﾝｽも-1～-3%と改善せず
-在庫増加 +6%YoY
-ﾏｰｼﾞﾝ改善
--値引き減少/輸送費
#SNPS
〇:Q3売上・EPS/FY24売上・EPS

#SNOW
〇:Q2売上・EPS/Q3売上/FY25売上
×:Q2billing/Q3ﾏｰｼﾞﾝ/FY25ﾏｰｼﾞﾝ
-Net維持率+127%
-RPO+48.6% 5.2B vs 4.9Be
-営業活動費対比売上の伸びが弱い
#URBN
〇:Q2売上・ﾏｰｼﾞﾝ・在庫
-小売りSSS +2% vs +2.9%e

個別株
ＬＶＭＨ傘下の化粧品小売りセフォラ、中国で人員10％削減－関係者

TP関連
#NVDA price target raised to $145 from $135 at HSBC
-売上は予想以上見込
#TSLA granted preferential EU tariff rate as expected, says Barclays
-中国から欧州への輸出車に9%の追加関税
-中国ﾒｰｶｰ対比優遇措置があるはず
#LOW price target mixed
-FY24のSSS見通し引下げ
--回復にはより長い時間を要する
-ﾘﾌｫｰﾑ需要がﾎﾞﾄﾑｱｳﾄすればｱｳﾄﾊﾟﾌｫｰﾑ見込
#PANW price target raised to $400 from $370 at BofA
-Q4決算は堅調
-cPROのｶﾞｲﾀﾞﾝｽ無し
#RUN price target raised to $35 from $31 at Morgan Stanley
#NOVA price target raised to $13 from $11 at Morgan Stanley
#ENPH price target raised to $100 from $98 at Morgan Stanley
-住宅用ｿｰﾗｰ設置会社の環境は改善中
--補助金支援/電力価格上昇/利下げ
#MCHP hack does not impact inventory or demand, says Citi
-ｾｷｭﾘﾃｨｲｼｭｰが発生
--注文に応えられない可能性
#KEYS price target raised by several firms
-FY25に着実な回復見込み
--四半期の受注が改善傾向
-成長が鈍化している携帯市場のｴｸｽﾎﾟｰｼﾞｬｰは懸念
#EL price target lowered to $86 from $117 at Barclays
-新CEOが決まるまでは不透明性が高い
#MDT price target raised by several firms
-FY25もMSDの売上成長率期待
--新商品がﾄｯﾌﾟﾗｲﾝをけん引
#PYPL price target raised to $75 from $65 at Jefferies
-2Hは取引ﾏｰｼﾞﾝの改善鈍化見込みだがﾋﾞｰﾄ予想
#COIN price target lowered to $220 from $245 at Jefferies
-2Hまでﾄﾚﾝﾄﾞ継続見込み
-新商品の拡充
-ﾋﾞｯﾄｺｲﾝの下落とﾎﾞﾗ低下が逆風
#GPS Citi opens 'positive catalyst watch' on Gap into earnings
-Q2は大幅ﾋﾞｰﾄ見込み
--ﾏｰｼﾞﾝ/売上
--FY24の売上身と沿い引上げ見込み
#ADSK price target lowered to $286 from $290 at Berenberg
-Q2以後の売上成長率鈍化見込み
--建設需要が改善しない
--製造業はダメなまま
#COTY price target lowered to $11 from $12 at Stifel
-Q4の結果は堅調
-ｼｪｱも緩やかに増加

マクロ・債券
(米国)
U.S PAYROLLS BENCHMARK, N.S.A. ACTUAL: -818.00K VS -187.00K PREVIOUS
20Y High Yield 4.160%, WI 4.161, 0.1bps stop through
(欧州)

(その他)
Korea August Exports 20 days +18.5% (est -, last +18.8%)
CANADIAN PPI MOM ACTUAL 0% (FORECAST -0.25%, PREVIOUS 0.0%)
コモ
Crude -4.649MM, Exp. -2.2MM
Gasoline -1.606MM
Distillates -3.312MM
Cushing -560K