2024/5/23 投資ネタ

UG
#HAS upgraded to Overweight from Neutral at JPMorgan at 74
-効率化/ﾃﾞｼﾞﾀﾙｹﾞｰﾐﾝｸﾞ共に上方修正が織込まれていない/2Hに効いてくる
-低価格商品/交換ｻｲｸﾙの短い商品の販売増加
#GDRX upgraded to Outperform from Sector Perform at RBC Capital
-新戦略による成長機会有
-新たな提携薬局も増やし売上成長に寄与
#NSC upgraded to Outperform from Sector Perform at RBC Capital at 270
-今後の効率化が織込まれていない
-他社対比も割安
#IP upgraded to Buy from Hold at Jefferies at 57
-回復局面に入り販売単価上昇
-欧州での売上増加
#EMN upgraded to Buy from Neutral at UBS at 128
-FY24ｶﾞｲﾀﾞﾝｽはｺﾝｻﾊﾞ
-2025は在庫の再補充の年
-ﾌﾟﾗｽﾁｯｸのﾘｻｲｸﾙへの投資が実る
#TTWO upgraded to Buy from Neutral at BofA at 185
-GTA6の発売日が決まった
#CB upgraded to Neutral from Underperform at BofA at 266
#WYNN upgraded to Buy at Argus on Macau rebound, Las Vegas strength at 110
-ﾏｶｵの回復の速さが想定以上
-ﾍﾞｶﾞｽも強いまま

DG
#VFC downgraded to Sell from Hold at Williams Trading at 6
-Q4のﾐｽ/FY25のｶﾞｲﾝﾀﾞｽ無
-新戦略が結実するまで長い時間を要する
#VFC downgraded to Market Perform from Outperform at Telsey Advisory at 13
-売上改善がﾏｸﾛ環境を踏まえると期待できない
#UAA downgraded to Perform from Outperform at Oppenheimer
-新戦略が実り始めるまで時間を要する
-マクロもｱｹﾞｲﾝｽﾄ
#BBY downgraded to Market Perform from Outperform at Telsey Advisory

earnings
#RL fourth-quarter earnings beat offsets soft revenue guidance
-(ﾋﾞｰﾄ)売上/EPS/SSS(+6%)
-FY25売上ｶﾞｲﾀﾞﾝｽ LSD
-NA +2%/Euro -2%/Asia +1%
-在庫-2%
#WDAY Shares Fall 11% After Cutting Subscription Revenue Guidance
-(ﾋﾞｰﾄ)売上/EPS
-ｻﾌﾞｽｸ売上見通し引下げ
-顧客の支出厳格化と雇用数の伸びが弱い
#ROST raises profit forecast, even as higher prices hit lower-income shoppers
-(ﾋﾞｰﾄ)売上/EPS(輸送費減)
-SSS +3%
-通年のEPSｶﾞｲﾀﾞﾝｽ引上げ/SSSは維持
-ｲﾝﾌﾚが低中所得者層を圧迫
#DECK
-(ﾋﾞｰﾄ)売上/EPS
-(ﾐｽ)EPSｶﾞｲﾀﾞﾝｽ
-売上ｶﾞｲﾀﾞﾝｽ上方修正

個別株
#NVDA
-Blackwellﾌﾟﾗｯﾄﾌｫｰﾑへの移行がすぐ
(=air pocket懸念剥落)
-2025まで需要超
-AI関連の投資のROIが非常に高い
AWS has not halted any orders of Nvidia's Grace Hopper chip, Reuters reports
#ADI
-在庫調整一巡で見通し引上げ
-Maxim買収のｼﾅｼﾞｰはここから増える
#SNOW
-売上ﾋﾞｰﾄは好材料
-GPU/人材投資でﾏｰｼﾞﾝは悪化
-FY25ｶﾞｲﾀﾞﾝｽ引上げだが達成可能性が不透明
-売上維持率が悪化継続

#SNPS
-半導体向け製品の需要の強さを再確認
-来年以降も現在のﾓﾒﾝﾀﾑ維持
#TJX
-消費者ｾﾝﾁﾒﾝﾄが悪い中で今後もｼｪｱを拡大し、売上を伸ばせる
#TGT
-Q1のｺｽﾄ増(販促)と弱いｶﾞｲﾀﾞﾝｽがﾊﾞﾘｭｴｰｼｮﾝを正当化せず
-ｱﾊﾟﾚﾙのﾍﾟﾝﾄｱｯﾌﾟ需要は値下による需要喚起でSSSなど改善可能
#PDD
-Temuのﾕｰｻﾞｰ数は頭打ち気味だが、GMV/ｱｸﾃｨﾌﾞﾕｰｻﾞｰは急速に増加
-国際展開加速で収益増
#CRM
-ﾁｬﾈﾙﾁｪｯｸは安定した需要を示唆だが、伸びてはいない
#AAPL IPHONE SHIPMENTS EXPECTED TO DECLINE UNTIL IPHONE 16 LAUNCH
#TSM REITERATES ITS FORECAST OF 10% ANNUAL SALES GROWTH IN SEMICONDUCTOR INDUSTRY
#TSM Nanjing Plant Reportedly Pushes for Indefinite Exemption From US Before the May 31 Deadline
#GFS GlobalFoundries (GFS) Announces Pricing of $950 Mln Secondary Offering of Ordinary Shares, Including $200 Mln Share Repurchase - SI
#DD DuPont to split into three companies; Koch to become CEO, succeeding Breen - SA
マクロ・債券
(米国)
Initial Claims 215K, Exp. 220K, Last 223K
Continuing Claims 1794K, Exp. 1793K
US S&P COMPOSITE PMI FLASH ACTUAL 54.4 (FORECAST PMI Mfg 50.9, Exp. 49.9, Last 50.0
PMI Services 54.8, Exp. 51.2, Last 51.3
US NEW HOME SALES CHANGE MOM ACTUAL -4.7% (FORECAST -2.2%, PREVIOUS 8.8%) $MACRO
KANSAS CITY FED COMPOSITE INDEX ACTUAL -2 (FORECAST -7, PREVIOUS -8) $MACRO
"Both input costs and output prices meanwhile rose at faster rates, with manufacturing having taken over as the main source of price growth over the past two months. However, the overall rate of selling price inflation remained below the average seen over the past year."
"Selling price inflation has meanwhile ticked higher and continues to signal modestly above-target inflation. What’s interesting is that the main inflationary impetus is now coming from manufacturing rather than services, meaning rates of inflation for costs and selling prices are now somewhat elevated by pre-pandemic standards in both sectors to suggest that the final mile down to the Fed’s 2% target still seems elusive.”
(欧州)
Negotiated wages have grown a lot, but the most recent data is dominated by one-off payments. The ECB wage tracker – for wage trends across the euro area - shows that after growth, wage pressures are moderating.
(その他)
Canadian Housing Market to face payment shock by 2026 warns Office of the Superintendent of Financial Institutions
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