2024/5/16 投資ネタ

UG
#INTC upgraded to Peer Perform from Underperform at Wolfe Research ：売られすぎだが、ポジティブカタリストはない

DG
#EOG downgraded to Hold from Buy at Truist：株主還元を優先し、MAを含めた投資を減らした結果、新規のコアアセットの追加が不足
#OXY downgraded to Hold from Buy at Truist ：買収に伴う債務負担を減らすために株主還元が最小まで減る
#CRUS downgraded to Hold from Buy at Benchmark on valuation：AAPL製品への部品納入増などのアップサイドを織り込み切っている

earnings
#WMT surge to record high after earnings beat and outlook boost - TheStreet
-40bpのインフレ(MSDデフレのシクリカル/LSDインフレの食品と消耗品)：シクリカル消費↓/必需品↑は変わらず
-在庫▲2.7%・マージン42bp拡大(値引き減少/price・mix改善)
-広告・サブスク+24%YoY
-高所得者層向けにシェア拡大/private brandのシェア拡大
-どの消費者層もconsistentな支出を継続

#DE Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors：
-ガイダンスを2Q連続で引き下げ
-穀物価格下落による農機需要減
-建設重機も▲5-10%(競争激化で値引も必要)/1.5%は値上げ
-在庫削減は継続

#AMAT Forecast Fails to Impress Following Rally：
-データセンター/AI向けが牽引
-中国向けはQ3は鈍化/ICAPSとデータセンター向けが相殺
-ICAPS：資本財/自動車向け弱い・スマホ/PCは回復傾向・ｲﾒｰｼﾞｾﾝｻｰ/ﾊﾟﾜｰﾁｯﾌﾟ/ﾏｲｸﾛｺﾝﾄﾛｰﾗｰは強い
-汎用半導体に関して中国が台頭し、さらに厳しい輸出制限が生じるリスク
-HBM向け収益成長が加速

#GOOS stock soars as earnings beat offsets soft guidance - MW
-北米/中国需要回復

個別株
#PANW price target raised to $340 from $330 at JPMorgan/ price target raised to $384 from $355 at KeyBanc ：チャネルカンバセーションでヘルスケア業界との大口更新などヘルシーなパフォーマンスを確認/チャネルチェックで大口の受注が入っていそうかつ、プラットフォーム化の成功も数件確認
#WDAY price target lowered to $310 from $330 at BofA：顧客からのフィードバックはガイダンス波の売上を示唆しているが、他社対比マルチプルが高すぎる。
#TSLA to face lawsuit over misleading consumers on self-driving, Bloomberg says
#META EU opens formal proceedings against Meta under DSA over protection of minors
#CB +7% Chubb rises higher as Berkshire shows a stake in 13-F
#LI AUTO IS REPORTEDLY LAYING OFF OVER 5,600 EMPLOYEES, ABOUT 18% OF ITS WORKFORCE.
#DELL Evercore ISI RAISES PT to $165 from $140 with Outperform coverage, citing $TSLA as a new AI customer and a broad AI opportunity for Dell.
#QCOM + AI Server push

マクロ・債券
(米国)
JPMORGAN CEO DIMON: INFLATIONARY FORCES IN THE FRONT, MAY KEEP RATES HIGHER.
Initial Claims 222K, Exp. 220K, Last 232K
Continuing Claims 1794K, Exp. 1780K, Last 1781K
Housing Starts 1360K, Exp. 1421K
Housing Permits 1440K, Exp. 1480K
US EXPORT PRICES MOM ACTUAL 0.5% (FORECAST 0.2%, PREVIOUS 0.3%) $MACRO
APR IMPORT PRICE INDEX M/M: 0.9% V 0.3%E; Y/Y: 1.1% V 0.4%E
US PHILLY FED BUSINESS INDEX ACTUAL 4.5 (FORECAST 8, PREVIOUS 15.5) $MACRO
New Orders -7.9 (last +12.2)
Employment -7.9 (-10.7)
Avg workweek -8.3(-18.7)
Px Paid +18.7 (+23.0)
Delivery Times -0.8 (-9.4)
6M outlook +32.4 (+34.3)
U.S INDUSTRIAL PRODUCTION (MOM) (APR) ACTUAL: 0.0% VS 0.4% PREVIOUS; EST 0.1%
U.S CAPACITY UTILIZATION RATE (APR) ACTUAL: 78.4% VS 78.4% PREVIOUS; EST 78.4%
Starwood’s $10bn property fund, one of the largest unlisted CRE funds, has tapped much of its total credit line as investors pull money
The April reading of the Indeed Wage Trackers shows posted wages grew an average 3.1% year-over-year, a tick down from March's revised 3.2%.
(欧州)
ECB’s Guindos Sees Wage Growth Slowing But Is Cagey on Rate Path - BBG