2024/7/25 投資ネタ

UG
#ROP upgraded to Outperform from Neutral at Baird at 635
-Q2決算のｾﾙｵﾌでﾊﾞﾘｭｴｰｼｮﾝ極まり
-ｿﾌﾄｳｪｱの受注が加速
-重石になっていた分野も安定化
#PII upgraded to Buy from Neutral at DA Davidson
-ｶﾞｲﾀﾞﾝｽﾘｾｯﾄにより魅力的なｴﾝﾄﾘｰﾎﾟｲﾝﾄに
-ﾎﾞﾄﾑｱｳﾄ確認待ち

DG
#LW downgraded to Hold from Buy at Stifel at 60
#LW downgraded to Hold from Buy at TD Cowen
#LW downgraded to Neutral from Buy at BofA at 66
-FY25の見通しを反映
--需給が完全に緩んでおり、ﾌﾟﾗｲｼﾝｸﾞがダメ
-ﾏﾙﾁﾌﾟﾙも見直し
#EW downgraded to Neutral from Overweight at JPMorgan at 72
#EW downgraded to Neutral from Outperform at Baird at 70
#EW downgraded to Neutral from Buy at BofA at 75
#EW downgraded to Hold from Buy at TD Cowen at 70
-売上高がｺﾝｾﾝｻｽ以下
--買収にも関わらず伸びず
--経カテーテル的大動脈弁置換術の失敗
#TSLA downgraded to Neutral from Outperform at KGI Securities at 236
#LULU downgraded to Neutral from Buy at Citi at 300
-ｶｰﾄﾞﾃﾞｰﾀ:Q2で更なる減速を確認
-2H以降も競争激化、販促増加懸念
-中国の鈍化も懸念
#ZION downgraded to Hold from Buy at Argus
-ﾊﾞﾘｭｴｰｼｮﾝ
#ARE downgraded to In Line from Outperform at Evercore ISI
-FY24/25のAFFO見通し引下げ
-当面カタリスト無し

earnings
#HON
〇:Q2売上・EPS/FY24売上
×:FY24EPS
-SSS +4%
#DOW
#VLO
#LEA
#MAS
#LUV
〇:Q2売上・EPS
×:
-Q3 CASM +11%-13% vs RASM flat to -2%
#RTX
〇:Q2売上・EPS/FY24売上・EPS(raised)
×:
#AAL
〇:Q2EPS/FY24EPS(lowered)
×:Q2売上
-国内線供給超
#ABBV
#UNP
#TSCO
#HAS
〇:Q2売上(YoY -17.7%)・EPS
-在庫は適量、2Hの需要は楽観的

#DXCM
#SKX
#DECK
#SAM
#TREE
#DLR
#EMN
#MHK
#NSC

個別株
#AMD delays Zen 5 Ryzen 9000 launch to August, Tom's Hardware reports
#GOOG Google in 'awkward' spot to grow Cloud after failed Wiz deal, Bloomberg reports
#LI , #NIO , #XPEV | China is doubling subsidies to encourage replacing old vehicles with new ones.
#AAPL | Canalys reports that Apple's Q2 sales in China 🇨🇳 fell 2% YoY while Huawei's sales surged 41%. Overall, China's smartphone shipments rose 10% in the same period.

TP関連
#AMZN BMO Raises 2Q24 AWS Growth Rates to Street High of 19% from 17.8% and says channel checks suggest AWS’s Q2 growth could even exceed 22%.
-AWSの成長率は+19%は達成見込み
#AAPL Baird Raises Apple PT to $240 from $200
-数年かけてｴｺｼｽﾃﾑ拡大見込み
-CF拡大に貢献
#TSLA price target lowered to $220 from $225 at Barclays
-ﾏｰｼﾞﾝは拡大するかもしれないが、ﾍﾟｰｽが不明
#ARM Q1 report to test valuation expansion, says Deutsche Bank
-ｲﾝﾗｲﾝの決算見込み
--携帯用でｼｪｱ拡大
--ﾃﾞｰﾀｾﾝﾀｰ/自動車でもｼｪｱ拡大
--ﾗｲｾﾝｽ拡大
--AI関連需要
#NKE #PVH #RL #SKX price target lowered at TD Cowen
-中国にｴｸｽﾎﾟｰｼﾞｬｰのある非耐久財は関税リスクが高い
-中国内での競争激化
#LULU JPMorgan cuts Lululemon target, removes from Analyst Focus List at 338
-新商品の需要が強くない(Lululemon confirms pause of Breezethrough yoga wear to Bloomberg )

#KLAC PT mix by several firms
-3nm/2nmの需要の強さと先進ﾊﾟｯｹｰｼﾞ技術需要の強さを示唆
-WFEの成長が想定よりも強くなる
-中国の需要が強い
vs
-WFE機器需要が2026に後ずれ
#T price target raised by several firms
-他社対比良い決算
--携帯/ｲﾝﾀｰﾈｯﾄ共に好調
--APRUも強い
#CMG price target lowered by several firms
-4月以降SSSは鈍化中
-今後のﾏｰｼﾞﾝ悪化は懸念
#ENPH price target lowered to $129 from $131 at Barclays 05:25 ENPH
-在庫整理は一巡
#F price target lowered to $16 from $17 at Barclays
-Q2決算を反映
#LVS price target lowered by several firms
-ﾏｶｵ弱い/ｼﾝｶﾞﾎﾟｰﾙ強い
#IBM price target raised to $200 from $190 at Jefferies
-ｿﾌﾄｳｪｱ：ﾏｰｼﾞﾝ拡大/ｺﾝｻﾙ:ﾏｰｼﾞﾝ縮小
--ｿﾌﾄｳｪｱはRedhat/ﾃﾞｰﾀ/AI関連は予想に届かず
-AI関連の受注が2B超えているのはﾎﾟｼﾞﾃｨﾌﾞ
#NOW price target raised by several firms
-ｶﾞｲﾀﾞﾝｽ引上げ
--支出ｶｯﾄ懸念を払拭/cPRO再拡大
--DX/AIなどTAMの伸び余地が大きい
#FI price target raised to $190 from $180 at Wells Fargo
-売上成長率は予想以上
#PKG price target raised to $215 from $194 at Wells Fargo

#EW price target lowered by several firms
-TAVRのｶﾞｲﾀﾞﾝｽは失望的
-10月のTCTの数字は良いはず
-MAも今後DGの成長に寄与
#IP price target raised to $45 from $43 at Wells Fargo
-段ボールのﾌｧﾝﾀﾞﾒ改善中
#EQT price target lowered to $43 from $47 at Piper Sandler
-ガス生産量は予想以下
-Capexは予想以上
#RHI price target lowered to $64 from $72 at BMO Capital
-正社員ｻｰﾋﾞｽの売上が予想以下
-契約社員向けのﾏｰｼﾞﾝはｺﾛﾅ来の悪さ
#TMO price target raised to $658 from $648 at TD Cowen
-2Qの売上が予想よりやや良い
--製薬関連/顕微鏡/中国関連
#KNX price target mixed
-Core TLは2Hを通じて改善見込み
-需要の不透明性とTLの供給は懸念
#KO price target raised by several firms
-好決算を反映
#BSX price target raised to $91 from $85 at Raymond James
-AF市場においてPlused Field Ablationの恩恵を受ける可能性

マクロ・債券
(米国)
Initial Claims 235K, Exp. 238K
Continuing Jobless Claims at 1,851K, (Est. 1,860K)
U.S GDP (QOQ) (Q2) ACTUAL: 2.8% VS 1.4% PREVIOUS; EST 2.0%
US CORE DURABLE GOODS ACTUAL 0.5% (FORECAST 0.2%, PREVIOUS -0.1%)
(欧州)
EUROZONE MONEY-M3 ANNUAL GROWTH ACTUAL 2.2% (FORECAST 1.9%, PREVIOUS 1.6%)
GERMAN IFO BUSINESS CLIMATE ACTUAL 87.0 (FORECAST 89, PREVIOUS 88.6)
GERMAN IFO CURRENT CONDITIONS ACTUAL 87.1 (FORECAST 88.5, PREVIOUS 88.3)
GERMAN IFO EXPECTATIONS ACTUAL 86.9 (FORECAST 89.3, PREVIOUS 89.0)
ドイツ企業景気見通しが７月に悪化、「危機から抜け出せずにいる」
(その他)
JAPAN'S JUNE SERVICES PRODUCER PRICES INCREASE BY 3.0% YEAR ON YEAR, BEATING ESTIMATES OF 2.6%
S. KOREAN GDP YOY ADV. ACTUAL 2.3% (FORECAST 2.5%, PREVIOUS 3.3%)
UK CBI BUSINESS OPTIMISM ACTUAL -9 (FORECAST 14, PREVIOUS 9)