2024/4/22 投資ネタ

アジア時間
今週の米国債入札、利回りピーク到達か試金石に－２年債など最大規模

今週の米国債入札、利回りピーク到達か試金石に－２年債など最大規模

VILLEROY OF ECB: JUNE RATE CUT NOT AFFECTED BY UNCERTAINTY IN OIL PRICES

インフレ期待の改善続く、物価ノルム変化を日銀注視－利上げ後押しも
https://x.gd/j9cV0
中国のローンプライムレート、４月も据え置き－人民元安圧力の中
https://x.gd/wE3zA
#HKEX jumps over 3% after Chinese securities regulator CSRC announced a package of measures to support HK market

アメリカ寄り前
UG
#AA /MS/EW：IRAの恩恵がさらに期待できることや2023を通じてあったオペレーションへの不安感が払しょくされるため
#PZZA /Stifel/Hold：競走場厳しい立場にあることは変わりないが、最近の下落によりバリュエーションは妥当に
#EQR /BMO/OP：バリュエーションが割安で、供給リスクも減少しているし、経済はまだ堅調
#RHI /Truist/Hold：2年かけて下落が続くが、先々の見通しは近々ボトムアウトする見込み。バリュエーションもフェアで、バイトの需要が改善する初期段階でアウトパフォームする傾向
#SE /BofA/Buy：プラットフォームのテイクレートが3-7%から5-10%に改善している

DG
UBS DOWNGRADES BIG 6 TECH+ STOCKS (APPLE, AMAZON, ALPHABET, META, MICROSOFT, NVIDIA) TO NEUTRAL FROM OVERWEIGHT - Reuters News
#UBS /BNP/N ：スイス当局の新基本規制が重石。発表後すでに下落しているが、更に悪化する可能性が大きい。
#PPG /Evercore/inLine：プライシング力の低下や需要が想定より弱いため、マルチプル縮小が見込まれる
#PLD /BMO/MP：需要環境が不透明な間はUPし続ける見込み。
#WDC /Raymond James/MP：バリュエーションが高くなりすぎ。HDD/NANDは緩やかにしか改善しておらず、期待が高すぎ。

Initiate
#CSCO /JPM/N from OW：ネットワーク需要への厳しい見方が鈍化し、期待が入ってきているが、中期的な成長見込みは5% CAGR EPS程度であり、厳しいまま。

earnings
#BOH reports Q1 EPS , consensus 87c
#CAH backs FY24 EPS view $7.20-$7.35, consensus $7.29 ：The company expects to partially offset the impact of OptumRx through a combination of new customer wins, specialty growth and other actions.
#TFC reports Q1 adjusted EPS 90c, consensus 80c ：Loan demand was muted and deposit costs continue to be under pressure."：Adjusted net income of $1.2 billion, or $0.90 per share, up 11%, Noninterest expense was down $6.6 billion, or up $20 million, or 0.7%, on an adjusted basis, Asset quality metrics are normalizing but remain manageable as our nonperforming loans remained relatively stable on a linked-quarter basis and loan losses were within our expectations.
#VZ reports Q1 adjusted EPS $1.15, consensus $1.12 ：Total wireless service revenue of $19.5 billion, a 3.3 percent increase year over year. Total broadband net additions of 389,000, including 53,000 Fios Internet net additions.
Capital City Bank reports Q1 EPS 74c, consensus 69c
#ZION Earnings: Net earnings applicable to common shareholders for 1Q of 2024 of $143 million, or $0.96 per diluted common share：First quarter results continued to reflect the adverse impact on net interest income of the bank failures a year ago, with taxable-equivalent revenue down 11.3% from the prior year, Although we experienced an increase in classified loans during the quarter, our commercial real estate portfolio continues to perform relatively well; classified loans in that portfolio increased only 7%, and we had a slight net recovery in previously charged-off CRE loans during the quarter

個別株
#AMZN | Goldman Sachs reiterates Amazon's "Buy" rating with a price target of $220.
#LI Auto has announced "PRICE CUT" of about 6-7% ($2,500-$4,200) across its lineup.
#GOOG +0.6% Alphabet price target raised to $175 from $165 at KeyBanc：警戒が入っているが、ファンダメに変化はない
Investors should consider buy # on any weakness post print, says Wells Fargo：弱いiphoneの出荷、GenAIの戦略や規制リスクで落ちているが、Q2の戦略的セットアップは悪くない

マクロ・債券
Acquisition talks between Salesforce #CRM and data-management software firm Informatica #INFA have "FAILED" to reach an agreement after the companies couldn't agree on terms.
Hipgnosis Songs Fund #SONG announced that it has received a $1.50 billion offer from #BX Funds.

(米国)
Commercial Real Estate Foreclosures Soar To Levels Not Seen In Nearly A Decade
As of Apr 12, our Chase Consumer Card spending data (unadjusted) was 3.8% above same day last year. Based on the Chase Consumer Card data through Apr 12, our estimate of the U.S. Census April control measure of retail sales m/m is 0.19%
(欧州)
ECB PATSALIDES: ECB DECISIONS TO RELY ON DATA. THERE ISN'T A SET PATH.

(その他)
かんぽ生命、30年国債利回り２％超えで投資を積極化－24年度計画
BOJ to project inflation will stay around target, signal chance for rate hike - Reuters
BOE'S BENJAMIN: SHINING A LIGHT ON THE CURRENT DYNAMICS IN THE PRIVATE EQUITY MARKET IS CRUCIAL.
Taiwan March Export Orders y/y +1.2% (est +4.0%, last -10.4%)

コモディティ
Bitcoin Rises After ‘Halving.’ Why Cryptos Could Be Due for a Fall.
The national average price of gasoline has risen 4.3c/gal over the last week, averaging $3.64/gal today and is about 5c below its peak

米国寄り後
(米国)
$ACI Albertsons CEO: "We expect to face ongoing headwinds posed by investments in associate wages & benefits, cycling significant prior year food inflation, lower government assistance for our customers, declining COVID-related income & the increasing mix of our pharmacy and digital businesses, which carry lower margins"
(欧州)
EUROZONE CONSUMER CONFIDENCE FLASH ACTUAL -14.7 (FORECAST -14.5, PREVIOUS -14.9) $MACRO