2024/8/1 投資ネタ

UG
#RDDT Loop Capital Upgrades $RDDT to Buy, with PT of $75
-8/9がﾛｯｸｱｯﾌﾟ解除
--現状のﾊﾞﾘｭｴｰｼｮﾝなら問題ない
-FY24/25にｱｯﾌﾟｻｲﾄﾞ余地有
#CHRW upgraded to Overweight from Neutral at JPMorgan at 110
-構造的変化が追い風
--厳しいﾏｸﾛの中での2Q連続の強い内容
#WING upgraded to Outperform from Market Perform at Raymond James
-SSSの強いﾓﾒﾝﾀﾑ
-新店舗増加
#FSLR upgraded to Buy from Hold at DZ Bank at 280
#DDOG upgraded to Buy from Neutral at BTIG at 143
-ｸﾗｳﾄﾞのｺｽﾄｶｯﾄは一巡
-Splunkのﾋﾞｼﾞﾈｽを獲得する最適な位置
#CVNA upgraded to Overweight from Equal Weight at Wells Fargo at 175
-ｼｪｱの獲得
--優位性を確立済
-優れたコスト構造
-自動車生産増により在庫も増加、更なる販売増に

DG
#BILL downgraded to Peer Perform from Outperform at Wolfe Research
-消費の鈍化傾向
-新規顧客獲得の苦戦
-take rateの逆風
#ETSY downgraded to Perform from Outperform at Oppenheimer
-ﾊﾞﾘｭｴｰｼｮﾝ
--Q3の弱いｶﾞｲﾀﾞﾝｽや売上見通しの撤回で不透明感高い
-ｷﾞﾌﾄや売り手の分類などの取り組みも売上に貢献していない
#BG downgraded to Neutral from Buy at Citi at 114
-北米の売上減圧力
--圧砕ﾏｰｼﾞﾝの弱さ/ﾊﾞｲｵ燃料の需要減
#PSA downgraded to Hold from Buy at Truist at 306
-NOI成長率見通し引下げを踏まえるとﾊﾞﾘｭｴｰｼｮﾝ高い
#WDC downgraded to Hold from Buy at Summit Insights
-NAND市場はｼｸﾘｶﾙの底からｻﾌﾟﾗｲ制約のﾌｪｰｽﾞに入っている
-しかし、回復の7-8合目におり、更なる収益性の回復は難しい

earnings
#CI
#APD
#APTB
#TMUS
#CROX
〇:Q2売上・EPS
×:Q3EPS
#W
〇:Q2売上・EPS・客単価
×:
-米売上 -2%YoY

#COP
#HSY
×:Q2売上・EPS/FY24売上・EPS
-米菓子 -20.7%YoY/米ｽﾅｯｸ +6.4%YoY
-裁量的支出減/在庫削減/競争激化

#CMI
#LAD
#SHAK
-SSS +4%
#WEN

#AMZN
#INTC
#NKNG
#ROKU
#DASH
#NET
##AAPL

個別株
BMW reported an EBIT margin of 8.4% for its core automotive segment in Q2, which fell short of the street estimate of 8.7%. Additionally, their Q2 operating profit decreased by almost 11% YoY, marking the 2nd consecutive quarter with a double-digit earnings decrease.
This was due to increased competition and weaker demand in China, where sales dropped by 4% in the first half of the year. Despite this, BMW reiterated its annual forecast for an 8-10% EBIT margin.
#AMAT Denied Us Chips Act Grant For $4bln R&d Project - Bloomberg

TP関連
#META price target raised by several firms
-ﾃﾞｼﾞﾀﾙ広告堅調
--広範な需要の確認/中国のEｺﾏ需要も問題なし
--2H2024との比較は困難だが、あまり減速していない
--ｺｱﾋﾞｼﾞﾈｽではAIの恩恵を受け始めている
--Aiｱｼｽﾀﾝﾄとｴｰｼﾞｪﾝﾄの収益化は時間を要する
-来年の投資増は懸念

#DG added to US Conviction List at Goldman Sachs at 169
-back to basic計画で以下払拭可能
--低所得者への懸念
--裁量的支出への懸念
--競争激化

#QCOM price target raised to $200 from $185 at Barclays
-Huaweiとの競争で12月見通しがやや弱い
#PG price target lowered to $163 from $174 at Barclays
-ﾎﾟｰﾄの85%は4%成長
--ﾓﾒﾝﾀﾑの加速は特になし
#MA price target raised to $515 from $490 at KeyBanc
-ﾘﾍﾞｰﾄ/ｲﾝｾﾝﾃｨﾌﾞ減少
-ｸﾛﾎﾞ需要が強い
-QTDのﾄﾚﾝﾄﾞも安定
#TMUS price target raised by several firms
-ｵﾍﾟﾚｰｼｮﾝは優れているが織り込み済み
-決算内容は加入者含め問題なし
#ARM price target raised by several firms
-新商品によるﾗｲｾﾝｽは強い
--AI関連需要は強い
-ﾈｯﾄﾜｰｸ/資本財向けは弱い
-ﾛｲﾔﾘﾃｨは長期的には回復見込み
#LRCX price target raised to $1,050 from $1,000 at TD Cowen

#MAR price target lowered by several firms
-中国の見通しが暗い
-米国についてのｿﾌﾄな見通しも不穏
--価格弾力性が悪化
#NCLH price target raised by several firms
-Q2決算/好ｶﾞｲﾀﾞﾝｽ
#KHC price target raised to $36 from $34 at Barclays
-収益席の維持と販促のﾊﾞﾗﾝｽを維持
#PYPL price target raised to $85 from $81 at Barclays

#SYK price target raised to $402 from $374 at Barclays

#DD price target raised by several firms
-2Q連続の好決算
-短期的なﾓﾒﾝﾀﾑも問題なし
#HUM price target mixed
-inpatientsの費用増加が重石
-長期的には3%のﾏｰｼﾞﾝﾀｰｹﾞｯﾄ達成可能
#BWA price target raised to $47 from $45 at Barclays
-Q2好決算/ﾏｰｼﾞﾝの強さも継続
#KKR price target raised by several firms
-堅調な2Q決算
-ﾊﾟｲﾌﾟﾗｲﾝも堅調
#CAKE price target raised to $35 from $32 at Barclays
-Q2でSSS・ﾏｰｼﾞﾝ・EPSすべてﾋﾞｰﾄ
#SYK price target raised to $402 from $374 at Barclays
-SSS見通し引上げ
#WING price target raised by several firms
-客足主導で+28%のSSS
-FY24のSSS見通しも引上げ
--ﾄﾗﾌｨｯｸﾃﾞｰﾀもQ3の強さを示唆
#TT price target raised to $365 from $360 at Baird
-Q2決算は売上/EPS共に強い
--需要が強い
#AIG price target raised to $82 from $81 at BofA
-保険料は増加
-投資収入低迷
#MGM price target lowered to $57 from $59 at JMP Securities
-3Qｲﾝﾗｲﾝ/4Q不透明
-FCFのDG成長は可能
-ﾍﾞｶﾞｽのﾌﾟﾗｲｼﾝｸﾞ
-ｵﾝﾗｲﾝﾍﾞｯﾃｨﾝｸﾞの転換
-ﾏｶｵの一貫性
#BA price target raised to $235 from $210 at JPMorgan
-2Hには737/787の引渡ぞ改善期待
-希薄化リスクは残存

マクロ・債券
(米国)
Q2 Nonfarm Productivity +2.3% (est +1.8%, last +0.4% from +0.2%)
Q2 ULC +0.9% (est +1.7%, last +3.8% from +4.0%)
US JOBLESS CLAIMS +14K TO 249K IN JUL-27 WK; SURVEY 235K
US JUL-20 WEEK CONTINUING CLAIMS +33K TO 1,877,000
(欧州)
SPANISH MANUFACTURING PMI ACTUAL 51 (FORECAST 52.5, PREVIOUS 52.3)
ITALIAN MANUFACTURING PMI ACTUAL 47.4 (FORECAST 46, PREVIOUS 45.7)
FRENCH MANUFACTURING PMI ACTUAL 44 (FORECAST 44.1, PREVIOUS 44.1)
GERMAN MANUFACTURING PMI FINAL ACTUAL 43.2 (FORECAST 42.6, PREVIOUS 42.6)
EUROZONE MANUFACTURING PMI FINAL ACTUAL 45.8 (FORECAST 45.6, PREVIOUS 45.6)
EUROZONE UNEMPLOYMENT RATE ACTUAL 6.5% (FORECAST 6.4%, PREVIOUS 6.4%)
(その他)
AUSTRALIAN MANUFACTURING PMI FINAL ACTUAL 47.5 (FORECAST -, PREVIOUS 47.4)
英住宅価格指数、７月は３カ月連続上昇－高金利でも市場の安定示唆
BoE cuts rates 25bps. 5-4 split (close).
BOE'S BAILEY CAUTIONS ON CUTTING `TOO QUICKLY OR BY TOO MUCH'
コモ
ISRAEL ARMY SAYS IT KILLED HAMAS MILITARY HEAD MOHAMMED DEIF.