2024/7/26 投資ネタ

UG
#LMT upgraded to Buy from Hold at Deutsche Bank at 600
-Q2は2Hの見通し上方修正を期待させる決算
-2026のEBITまでｱｯﾌﾟｻｲﾄﾞ期待
#CBRE upgraded to Outperform from In Line at Evercore ISI at 123
-FY24のｶﾞｲﾀﾞﾝｽを8%引上げ
--事業環境の改善/REIの収益性改善
#MHK upgraded to Buy from Underperform at BofA at 177
-EPS/ﾊﾞﾘｭｴｰｼｮﾝ共にﾎﾞﾄﾑ近辺
--効率化と資本配分改善で見通し改善

DG
#TSLA PhillipCapital Downgrades Tesla to Sell from Reduce., Lowers PT to $135
-EVの値下げとEUの関税で期待下振れ
--今後もﾏｰｼﾞﾝの重石に
-ｴﾈﾙｷﾞｰｽﾄﾚｰｼﾞは強いが、EVをｵﾌｾｯﾄできない
#STM downgraded to Equal Weight from Overweight at Morgan Stanley at EUR 35
-FY24ｶﾞｲﾀﾞﾝｽ引下げ
--回復の不透明性
--資本財向けの在庫調整終わらず/特に自動車
#LHX downgraded to Hold from Buy at Deutsche Bank at 257
-ﾊﾞﾘｭｴｰｼｮﾝ
#LUV downgraded to Hold from Buy at Deutsche Bank at 29
-乗客数増で売上増だがﾏｰｼﾞﾝ悪化
--ｺｽﾄ構造が重石のまま
-新戦略は魅力的だが結実に時間を要する
--実行ﾘｽｸも存在
#DXCM downgraded to Neutral from Overweight at JPMorgan at 75
#DXCM downgraded to Neutral from Outperform at Baird
-Q2決算失望
--ｺｱﾋﾞｼﾞﾈｽの成長ｽﾄｰﾘｰが崩壊
--ABTとの競争激化
-ﾘﾍﾞｰﾄﾌﾟﾗｲｼﾝｸﾞの悪化
#LW downgraded to Equal Weight from Overweight at Consumer Edge

#SAM price target lowered to $325 from $344 at Piper Sandler
-EBITﾏｰｼﾞﾝがSG&Aの上振れで圧迫
-Hard Mountain DewでFY25から売上加速
#TER downgraded to Hold from Buy at Craig-Hallum at 124
-短期的にｶﾀﾘｽﾄ無し
--携帯/自動車/資本財向けの半導体ﾃｽﾄは2025まで回復しない

earnings
#MMM
〇:Q2売上・EPS/FY24売上(raised)
×:営業CF/FY24EPS・MLR
-FY24SSS見通し flat to +2%%
-消費者の耐久財需要は弱い
-資本財はmix/電子機器は強い
#CNC
〇:Q2EPS・売上
×:MLR 87.6% vs 87.2%e
Medicaid Revenue $20.25 billion, -7.5% y/y, estimate $21.65 billion
Commercial revenue $8.54 billion, +49% y/y, estimate $7.87 billion
Medicare Revenue $5.98 billion, +5.5% y/y, estimate $5.44 billion
Other revenue $1.21 billion, -22% y/y, estimate $1.23 billion
#CL
〇:Q2売上・EPS
-SSS(9% vs 7.8%e)/ｶﾞｲﾀﾞﾝｽも引上げ
北米 +2.5%, estimate +3.48%(volume +5.9% and Pricing -3.3%)
ラ米 +18.8%, estimate +19.2%(+5.5% and +13.3%)
APAC +5.1%, estimate +2.94%(++3.4% and +1.7%)
Hill's unit +6.1%, estimate +4.56%(+2.5% and +3.7%)
#NWL
〇:2QEPS・ﾏｰｼﾞﾝ/
×:2Q売上/3Qﾏｰｼﾞﾝ/FY24OCF

個別株
#SQ | Jack Dorsey is planning a major restructuring at Block, the company behind Cash App, Square, and Tidal.
Nvidia supplier SK Hynix to invest $6.8 bln in South Korea chip plant - Reuters

TP関連
#GOOG BofA: OpenAI Launches SearchGPT, Impact on $GOOGL Limited
-GOOGのｳｪﾌﾞﾄﾗﾌｨｯｸはChatGPT/Bingよりはるかに大きい
-APPL/Chat GPTの提携のほうがﾘｽｸが高い
#TSLA Bull Morgan Stanley's Adam Jonas Reiterates Overweight Rating, $310 PT
-Aiｲﾝﾌﾗ資産が今後加速
--Service&Othersの売上は10%まで増加
-自動車が落ち着けばここに焦点が当たる
#WDC Rosenblatt Reiterates Buy Rating on $WDC with $115 PT
-需給改善によるASP上昇
-稼働率上昇
-ﾏｰｼﾞﾝ拡大
#ABBV price target raised to $200 from $187 at Barclays
-Q2/FY24ｶﾞｲﾀﾞﾝｽ共に上振れ
-FY25の成長ﾘｽｸが減速
#TTD should be bought on recent selloff, says Piper Sandler
-Youtubeの下振れは懸念だが、事前に期待値が下がっている
-ﾁｬﾈﾙﾁｪｯｸ:TTDはかなりの上振れ見込み
--全体のﾃﾞｼﾞﾀﾙ広告の支出は減少見込み
#DECK price target raised by several firms
-広範に強い決算/ｶﾞｲﾀﾞﾝｽも引上げ
--今後のｶﾞｲﾀﾞﾝｽ引上げも期待可能
#CRWD price target lowered to $285 from $400 at Barclays
-IT issueによる中期的な影響も読めない
#W price target lowered to $58 from $60 at Barclays
-ﾁｬﾈﾙﾁｪｯｸ:需要が強くない
#DOW price target lowered by several firms
-2Hの回復期待
--ﾌﾟﾗｲｼﾝｸﾞ/ﾏｰｼﾞﾝの回復は予想より遅い
#MAS price target raised by several firms
-ﾏｰｼﾞﾝ管理
-配管需要がDIYの弱さをｵﾌｾｯﾄ
#RCL price target raised to $195 from $185 at Barclays
-配当はﾎﾟｼﾞﾃｨﾌﾞｻﾌﾟﾗｲｽﾞ
-ｸﾙｰｽﾞはまだﾚｼﾞｬｰの中で減速を受けていない
#SKX price target raised to $79 from $78 at Barclays
-ﾏｰｼﾞﾝ堅調/ﾌﾞﾗﾝﾄﾞも好調
--北米の卸売/欧州のDTCCが堅調
-紅海の影響で売上は下振れ

#UNP price target lowered by several firms
-見通しが懸念
-ﾏｰｼﾞﾝの回復はﾎﾟｼﾞﾃｨﾌﾞ
#WH price target raised to $90 from $88 at Barclays
-RevPARのｶｯﾄで懸念減少
-ユニット数の増加はﾎﾟｼﾞﾃｨﾌﾞ
#RTX price target raised to $115 from $105 at Baird
-GTFの過程は変わらず、広範に渡り好決算
#HAS price target raised to $78 from $76 at Stifel
-2Q連続での上振れ
#DLR price target lowered to $120 from $122 at TD Cowen
-HSC需要が強いまま
-FY25はcomp厳しく株の重石になる可能性
#LULU price target lowered to $300 from $400 at Evercore ISI
-新商品の販売停止を受けて

マクロ・債券
(米国)
U.S PERSONAL SPENDING (MOM) (JUN) ACTUAL: 0.3% VS 0.2% PREVIOUS; EST 0.3%
U.S PERSONAL INCOME (MOM) (JUN) ACTUAL: 0.2% VS 0.5% PREVIOUS; EST 0.4%

(欧州)
Moderating inflation opens door for another ECB rate cut, says Spanish minister - Reuters
(その他)
財務省、日銀国債購入は銀行保有余力踏まえた減額重要と認識－関係者