2024/8/16 投資ネタ

UG
#CSCO New Street upgrades Cisco to Buy with growth returning at 57
#CSCO upgraded to Buy from Hold at HSBC at 58
-ｺｱ事業がﾎﾞﾄﾑｱｳﾄ
-ﾏｰｼﾞﾝ強い
-ﾘｽﾄﾗで成長分野を強化
#NKE upgraded to Buy from Sell at Williams Trading at 93
-Tom Peddie採用を好感
--卸売事業の再拡大期待
#CF upgraded to Overweight from Equal Weight at Barclays at 90
-FY25までの自社株買いの完了
-低炭素資産への投資は結実する
-ﾊﾞﾘｭｴｰｼｮﾝも割安
#MCHP upgraded to Overweight from Neutral at Piper Sandler at 100
-近い将来成長加速見込み
--ﾏｰｼﾞﾝ拡大見込み:在庫削減一巡/生産増
-他社対比回復が1四半期遅れているがﾎﾞﾄﾑｱｳﾄ完了
#TER upgraded to Overweight from Neutral at Cantor Fitzgerald at 16
-AI関連のﾚﾊﾞﾚｯｼﾞあり
--ﾈｯﾄﾜｰｸ/HBM/ｶｽﾀﾑｼﾘｺﾝ需要増
-製造業回復の恩恵もある
--自動車/産業部門のﾃｽﾄｼｪｱ
--ﾛﾎﾞｯﾄ市場

DG
#BMBL downgraded to Hold from Buy at TD Cowen
-短期的な成長期待できず
--appの課金ﾕｰｻﾞｰ減少
#EL BofA downgrades Estee Lauder to Neutral on China weakness at 100
-中国軟調
-米国需要も鈍化

earnings

個別株
#TXN has signed a preliminary agreement to receive up to $1.6 billion in funding from the CHIPS Act to support its semiconductor manufacturing in Texas and Utah.
#NVDA Jefferies Expect NVDA to Continue Delivering Earnings Beats, Despite Potential Delays in Blackwell Platform
-EPSやや上振れ見込み
--ｸｯｼｮﾝは減っている
-H100/200の需要は強いまま
--需要>供給継続/ASP上昇は時間要
#GOOG Barclays sees up to 41% of Alphabet profits at risk from antitrust remedies
-Overweight/PT200は維持
-過去GOOG/AAPLにもたらした利益が解消されるﾘｽｸ有
-救済措置で20%-40%のGOOGの利益に影響

TP関連
#MSFT BMO Capital Reiterates Outperform Rating on $MSFT With PT of $500
-2HFY25 Azure再加速
--ｻﾌﾟﾗｲ制約の緩和/需要の強さ
#CRM price target raised to $316 from $288 at BofA
-売上成長率は鈍化だが、FCF成長率は25%を維持
--ｾｰﾙｽ/ﾏｰｹﾃｨﾝｸﾞの効率化
-売上成長率も長期的には再加速可能
--ﾏｸﾛ改善/ｸﾛｽｾﾙ/AI
-成約数はQ1とあまり変わらず
#WMT price target raised by several firms
-ｼｪｱ拡大
-ﾏｰｼﾞﾝ拡大
#DE price target raised by several firms
-見通し引上げでﾏﾙﾁﾌﾟﾙ引上げ
--ﾏｰｼﾞﾝ見通しを好感
#AMAT price target raised by several firms
-中国向けexposureが減少
--中国のDRAM需要減
-Logic・ﾌｧｳﾝﾄﾞﾘｰが堅調
-AI関連需要堅調
--Gate-ALL-Around売上は2025に倍の可能性
#AMAT price target lowered to $260 from $280 at Wells Fargo
-ｶﾞｲﾀﾞﾝｽがやや期待以下
#MA price target lowered to $540 from $615 at Redburn Atlantic
-米での鈍化/規制ﾘｽｸ
-ﾊﾞﾘｭｴｰｼｮﾝは米での鈍化を甘く見すぎ
#V price target lowered to $280 from $307 at Redburn Atlantic
-米での鈍化/規制ﾘｽｸ
--米exposure大きい
#PANW Evercore ISI Reiterates Outperform Rating on $PANW, Maintains PT at $385, Adds to Tactical Underperform List
#PANW price target raised to $375 from $360 at Baird
-ﾊﾟｰﾄﾅｰｻｰﾍﾞｲ:ﾊﾟｲﾌﾟﾗｲﾝは悪くないが、売上成長率見通し鈍化
-割引依頼増加
-ﾌﾟﾗｯﾄﾌｫｰﾑ化:評価はmix
#SNOW BofA Lowers PT to $160 from $200, Keeps Neutral Rating
-開発者/AIﾜｰｸﾛｰﾄﾞのｼｪｱ獲得可能
-新商品の成功や使用量増加の確認要
#MOS price target lowered to $32 from $39 at Barclays
#NTR price target lowered to $55 from $68 at Barclays
-カリ価格の低下の影響は続く
-ﾎﾞﾘｭｰﾑは強いが販促によるもの
--リン酸塩の値下げ
#AAP price target lowered to $55 from $68 at JPMorgan
-成長率とﾏｰｼﾞﾝ見通し引下げ
--ﾒﾝﾃﾅﾝｽ需要先送り継続
#S price target raised to $27 from $25 at Morgan Stanley
-CRWD問題以後ﾊﾟｲﾌﾟﾗｲﾝ増加
#TPR price target lowered by several firms
-ﾏｰｼﾞﾝが予想以上
-ｶﾞｲﾀﾞﾝｽもbetter than feared
#SHOP price target raised to $80 from $68 at Loop Capital
-効率性向上
#VNO price target raised to $32 from $31 at Evercore ISI
-金利環境は改善も経済的不透明性が残存
-ﾘｰｽの交渉期間は長引いたまま

マクロ・債券
(米国)
Harris to Call for Expanded Child Tax Credit, 3 Million New Housing Units - WSJ
US BUILDING PERMITS NUMBER ACTUAL 1.396M (FORECAST 1.425M, PREVIOUS 1.454M)
US HOUSING STARTS CHANGE MOM ACTUAL -6.8% (FORECAST -1.5%, PREVIOUS 3.0%)
(欧州)

(その他)
NEW ZEALAND MANUFACTURING PMI ACTUAL 44 (FORECAST -, PREVIOUS 41.1)
NEW ZEALAND PPI INPUTS QOQ ACTUAL 1.4% (FORECAST -, PREVIOUS 0.7%)
UK RETAIL SALES MOM ACTUAL 0.5% (FORECAST 0.6%, PREVIOUS -1.2%)
CANADIAN MANUFACTURING SALES MOM ACTUAL -2.1% (FORECAST -2.6%, PREVIOUS 0.4%)
コモ
鉄鉱石、2022年以来の安値－中国鉄鋼業界の危機で需要減との懸念
Oil prices fall more than 1% on China worries - Reuters