2024/6/5 投資ネタ

UG
#AMAT upgraded to Equal Weight from Underweight at Barclays at 225
#KLAC upgraded to Equal Weight from Underweight at Barclays at 765
-FY25以降の見通し改善
--中国での需要増
--米国の旧技術からのCapex需要
#CART upgraded to Buy from Hold at Gordon Haskett at 45
-ﾊﾞﾘｭｴｰｼｮﾝ
-ﾃﾞｰﾀはQ2のｵｰﾀﾞｰ増加を示唆

DG

earnings
#DLTR dips as it discloses review of Family Dollar business, tornado damage to facility - MW
△:Q1売上・EPS/FY24売上g
×:Q2売上g・EPSg/FY24EPSg(lowered)
FY24SSSg DLTR MSD FD LSD 企業 LtoMSD
-ｶﾞｲﾀﾞﾝｽ引下げは自然災害の影響
-低所得者層の消費が弱いまま
--ｲﾝﾌﾚ/政府補助の枯渇
-ﾏｰｼﾞﾝ改善(輸送費減 vs pricemix/窃盗)
#THO
〇:Q3売上・EPS
×:FY24売上g・EPSg(both lowered)
-北米の新規受注は保守的
#CPB Falls Despite Earnings Beat. Weaker Snack Sales Are to Blame.
〇:Q3売上・EPS/FY24EPSg(but lowered)
-QoQでﾎﾞﾘｭｰﾑは増加(買収の恩恵)
-FY24 SSSｶﾞｲﾀﾞﾝｽ引下げ
--低所得者層のｽﾅｯｸ買い控え
--ﾄﾚｰﾄﾞﾀﾞｳﾝでPBへ
-広告ｶｯﾄでマージンは維持
-値上げ実施せず
#OLLI Q1 Earnings Beat Estimates, Guidance Up
〇:Q1売上・EPS/FY24EPSg(raised)
#LULU shares jump on boosts to stock buyback, profit forecast
〇:Q1EPS・売上・ﾏｰｼﾞﾝ/FY25EPSg(raised)
△:FY25売上g
×:Q1SSS(+6% vs 6.8%e)/Q2売上g・EPSg
-海外部門の売上寄与度:20%が50%まで成長予定
--特に中国が堅調
-米消費者はselective
#FIVE
×:Q1売上・EPS/Q2売上g・EPSg/FY24売上g・EPSg(both lowered)
-SSS低下/SSSｶﾞｲﾀﾞﾝｽも引下げ
--必需品と高所得者層のﾄﾚｰﾄﾞﾀﾞｳﾝの恩恵
--低所得者層の消費悪化
--Squishmallowﾌﾞｰﾑの終了
#VSCO it’s ‘encouraged’ by May sales, but is staying cautious amid subdued spending
〇:Q1EPS
△:Q1売上
-北米の売上ﾄﾚﾝﾄﾞが改善
--4月が最も強い(客足増/新商品)
-ﾏｰｼﾞﾝ改善(在庫管理)

個別株
#AAPL iPhone demand stabilizing in China, says Citi
#AMZN | Bernstein Reiterates Amazon as Top Pick Among Digital Ad Beneficiaries, with Overweight rating and PT of $210.
#ASML to ship new EUV machines to $TSM Taiwan Semiconductor, Samsung this year - report - SA
#TSM Exclusive: Chinese AI chip firms downgrading designs to secure TSMC production - Reuters
#INTC #TSM Intel could be even with TSMC in manufacturing by 2025, says Citi
#DE ANNOUNCES JOB CUTS TO TACKLE SLOWING FARM EQUIPMENT DEMAND
#NVAX Heavily Shorted Novavax Soars As FDA Panel Decides On Next Covid Shot
#AAL American Airlines offers flight attendants 17% raises as contract talks drag on

TP関連
#HPE price target raised by several firms
-AI/液冷技術需要でFY24g再引上げの可能性
-ﾏｰｼﾞﾝは予想以上
-受注600mm/ﾊﾞｯｸﾛｸﾞ300mm減はDELL対比弱い
#CRWD price target mixed by several firms
-FalconがNRR向上に寄与し、売上/ｶﾞｲﾀﾞﾝｽに貢献
-新商品の採用率も高い
-ﾏﾙﾁﾌﾟﾙ引下げ
#BBWI price target raised to $55 from $50 at BMO Capital
-2H, 2025の改善に期待が持てる決算
#TSM price target raised to $170 from $150 at Barclays
-2nmの量産開始がﾃﾞｰﾀｾﾝﾀｰ需要により早まる可能性
--2025後半の量産開始が現在の想定
#LRCX price target raised to $900 from $865 at Barclays
-AMAT/KLACと同様
#ACN price target lowered by several firms
-ﾏｸﾛ要因でFY24gの上限引下げの可能性
-FY25のｺﾝｾﾝｻｽも高すぎる
--顧客がITｺﾝｻﾙに予算を振り分けていない
#APD price target raised to $280 from $240 at Morgan Stanley
-ﾒｶﾞﾌﾟﾛｼﾞｪｸﾄの進展が確認されればｱｯﾌﾟｻｲﾄﾞ有
-CEOとの面談後の見直し
#APD Argus awaiting 'more favorable entry point' on Air Products
-脱炭素の分野で伸び代が大きい
#ZS price target lowered to $240 from $270 at Citi
-ﾏｸﾛの逆風下でもbillingが伸びている
#SNOW price target lowered by several firms
-新商品が売上増につながるか示す必要
--AI関連の新商品は増えている
#ADBE price target lowered to $600 from $630 at RBC Capital
-Q2決算は堅調予想
-2HにAIの恩恵を恩恵を受ける見通しか否か
#TSLA Canaccord Genuity Raises Tesla PT to $267 from $222
-ｸﾞﾛｰﾊﾞﾙに出荷が改善

マクロ・債券
(米国)
Mortgage demand falls for the second straight week, but all eyes are on Friday’s jobs report - CNBC
ADP May. Private Payrolls 152K, (Est. 175K), Prior. 192K
ADP wage growth for job stayers remains at 5% for the third straight month, with job leavers still getting a nice raise of 7.8%.
ADP CHIEF ECONOMIST RICHARDSON: JOB GAINS AND PAY GROWTH ARE SLOWING GOING INTO THE SECOND HALF OF THE YEAR. THE LABOR MARKET IS SOLID, BUT WE'RE MONITORING NOTABLE POCKETS OF WEAKNESS TIED TO BOTH PRODUCERS AND CONSUMERS.
ISM Service 53.8, Exp. 51.0, and above all estimates, Last 49.4
Walmart announces launch of associate bonuses
(欧州)
SPANISH SERVICES PMI ACTUAL 56.9 (FORECAST 56.5, PREVIOUS 56.2)
ITALIAN SERVICES PMI ACTUAL 54.2 (FORECAST 54.5, PREVIOUS 54.3)
FRENCH SERVICES PMI ACTUAL 49.3 (FORECAST 49.4, PREVIOUS 49.4)
GERMAN SERVICES PMI FINAL ACTUAL 54.2 (FORECAST 53.9, PREVIOUS 53.9)
EUROZONE PPI MOM ACTUAL -1% (FORECAST -0.65%, PREVIOUS -0.4%)
EUROZONE PPI YOY ACTUAL -5.7% (FORECAST -5.3%, PREVIOUS -7.8%)
(その他)
UK SERVICES PMI FINAL ACTUAL 52.9 (FORECAST 52.9, PREVIOUS 52.9)
CANADIAN LABOR PRODUCTIVITY RATE ACTUAL -0.3% (FORECAST -0.1%, PREVIOUS 0.4%)
China's robust services activity drives up employment - Reuters
Chinese solar giants halt production at Southeast Asian factories amid US tariff concerns, weak market demand
BOC RATE DECISION ACTUAL 4.75% (FORECAST 4.75%, PREVIOUS 5.00%)
MACKLEM: 'REASONABLE TO EXPECT FURTHER CUTS' IF INFLATION EASES