[Morning Report] Federal Reserve Chairman mentions September interest rate cut NVIDIA's rapid meta growth arm falls outside of the 13% high hours, and financial results are received
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Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 0.03 million8600 yen - 0.03 million9000 yen (7/31 closing price 0.03 million9101 yen 82 sen)
● The Fed leaves interest rates unchanged and opens the door even further to cutting interest rates in September
● Dollar to yen falls below 150 yen dollar sale at Powell conference = NY exchange rate overview
● NVIDIA rises 13% and analysts return to the top semiconductor brand picks
● Meta rose outside of settlement hours and strong performance with ad revenue exceeding expectations
● Qualcomm rises outside of settlement hours, suggesting a recovery in mobile phone demand
● A sense of disappointment that Arm left the sharp easy-going sales forecast of 12% unchanged outside of hours
● Financial results digest of major US stocks
● “Shares bought!” the day before Total Zalai — What are the expected stocks leading up to today? ―Japanese stocks
-MOOMOO NEWS Amelia
● The Fed leaves interest rates unchanged and opens the door even further to cutting interest rates in September
● Dollar to yen falls below 150 yen dollar sale at Powell conference = NY exchange rate overview
● NVIDIA rises 13% and analysts return to the top semiconductor brand picks
● Meta rose outside of settlement hours and strong performance with ad revenue exceeding expectations
● Qualcomm rises outside of settlement hours, suggesting a recovery in mobile phone demand
● A sense of disappointment that Arm left the sharp easy-going sales forecast of 12% unchanged outside of hours
● Financial results digest of major US stocks
● “Shares bought!” the day before Total Zalai — What are the expected stocks leading up to today? ―Japanese stocks
-MOOMOO NEWS Amelia
Market Overview
In the US stock market on the 31st, the NY Dow Jones Industrial Average continued to rise to 0.04 million842 dollars 79 cents, 99 dollars 46 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 0.01 million7599.400, 451.983 points higher. It seems that the Nikkei Average will once again be forced to search for a lower price in the Tokyo stock market on the 1st. The Nikkei Average was rapidly bought back in the back market the day before, and it recovered to the 0.03 million9000 yen level due to an increase of around 570 yen, but today there is a possibility that it will be pushed back to the 0.03 million8000 yen level again. The yen is rapidly appreciating in the foreign exchange market, and excessive expectations for upward revisions are receding as corporate financial results announcements are in full swing.
In the US stock market on the 31st, the NY Dow Jones Industrial Average continued to rise to 0.04 million842 dollars 79 cents, 99 dollars 46 cents higher than the previous business day. The Nasdaq Composite Stock Price Index was 0.01 million7599.400, 451.983 points higher. It seems that the Nikkei Average will once again be forced to search for a lower price in the Tokyo stock market on the 1st. The Nikkei Average was rapidly bought back in the back market the day before, and it recovered to the 0.03 million9000 yen level due to an increase of around 570 yen, but today there is a possibility that it will be pushed back to the 0.03 million8000 yen level again. The yen is rapidly appreciating in the foreign exchange market, and excessive expectations for upward revisions are receding as corporate financial results announcements are in full swing.
Top news
The Fed leaves interest rates unchanged and opens the door even further to cutting interest rates in September
The Fed decided to leave policy interest rates unchanged at the FOMC, which opened until 7/31, and suggested that interest rate cuts were imminent. Chairman Powell stated at the press conference after the closing that “there is a possibility that policy interest rate cuts will be discussed at the next meeting as early as September,” and “we are close to the point where interest rate cuts will be appropriate, but we have not reached it yet.”
Dollar to yen falls below 150 yen dollar sale at Powell conference = NY exchange rate overview
The dollar yen broke the psychological milestone of 150 yen in the NY exchange market on the 31st. In addition to the strengthening of the yen due to the Bank of Japan's interest rate hike, the fact that dollar sales movement intensified in response to the FOMC and Chairman Powell's press conference on this day also caused the dollar yen to plummet.
High-tech stocks rebounded, NVIDIA rose 13%
Semiconductor stocks suddenly rebounded in response to Chairman Powell's “September interest rate cut,” strong financial results, and Japan-Netherlands exclusion reports (*) due to export restrictions on semiconductor manufacturing equipment to China. $NVIDIA (NVDA.US)$is up 13%. Until the day before, the risk of being sold mechanically had increased due to technical factors, but analysts returned to the top pick of semiconductor brands, and there was a sudden backlash. (※US to exclude Japan, the Netherlands, etc. from export restrictions on semiconductor manufacturing equipment to China = report）
Meta rises outside of financial hours, advertising revenue is strong, exceeding expectations
$Meta Platforms (META.US)$It has risen outside of hours. Financial results for the fiscal year ending April-June (2nd quarter) were announced after closing, and both earnings per share and sales exceeded expectations. Advertisement revenue showed a 22% increase, which exceeded expectations. Sales for the third quarter are also expected to exceed expectations. The full-year capital investment plan was revised, and a new range of 37 billion to 40 billion dollars was set. The lower end of the range was raised by 2 billion dollars.
Qualcomm rises outside of financial hours, suggesting a recovery in mobile phone demand
Of portable semiconductors $Qualcomm (QCOM.US)$It has risen outside of hours. Financial results for the fiscal year ending April to June (3rd quarter) were announced after closing, and both earnings per share and sales exceeded expectations. Guidance for the fourth quarter has also been announced, showing an outlook that exceeds expectations.
A sense of disappointment that Arm left the sharp easy-going sales forecast of 12% unchanged outside of hours
$Arm Holdings (ARM.US)$It's drastically cheap outside of hours. Financial results for the fiscal year ending April-June were announced after closing, and both earnings per share and sales exceeded expectations. However, stock prices had a negative reaction outside of hours. The fact that the full-year sales forecast was left unchanged is disgusting. There were aspects where the market expected that the full-year outlook would be revised upward, so it seems that the sense of disappointment is intensifying.
The Fed leaves interest rates unchanged and opens the door even further to cutting interest rates in September
The Fed decided to leave policy interest rates unchanged at the FOMC, which opened until 7/31, and suggested that interest rate cuts were imminent. Chairman Powell stated at the press conference after the closing that “there is a possibility that policy interest rate cuts will be discussed at the next meeting as early as September,” and “we are close to the point where interest rate cuts will be appropriate, but we have not reached it yet.”
Dollar to yen falls below 150 yen dollar sale at Powell conference = NY exchange rate overview
The dollar yen broke the psychological milestone of 150 yen in the NY exchange market on the 31st. In addition to the strengthening of the yen due to the Bank of Japan's interest rate hike, the fact that dollar sales movement intensified in response to the FOMC and Chairman Powell's press conference on this day also caused the dollar yen to plummet.
High-tech stocks rebounded, NVIDIA rose 13%
Semiconductor stocks suddenly rebounded in response to Chairman Powell's “September interest rate cut,” strong financial results, and Japan-Netherlands exclusion reports (*) due to export restrictions on semiconductor manufacturing equipment to China. $NVIDIA (NVDA.US)$is up 13%. Until the day before, the risk of being sold mechanically had increased due to technical factors, but analysts returned to the top pick of semiconductor brands, and there was a sudden backlash. (※US to exclude Japan, the Netherlands, etc. from export restrictions on semiconductor manufacturing equipment to China = report）
Meta rises outside of financial hours, advertising revenue is strong, exceeding expectations
$Meta Platforms (META.US)$It has risen outside of hours. Financial results for the fiscal year ending April-June (2nd quarter) were announced after closing, and both earnings per share and sales exceeded expectations. Advertisement revenue showed a 22% increase, which exceeded expectations. Sales for the third quarter are also expected to exceed expectations. The full-year capital investment plan was revised, and a new range of 37 billion to 40 billion dollars was set. The lower end of the range was raised by 2 billion dollars.
Qualcomm rises outside of financial hours, suggesting a recovery in mobile phone demand
Of portable semiconductors $Qualcomm (QCOM.US)$It has risen outside of hours. Financial results for the fiscal year ending April to June (3rd quarter) were announced after closing, and both earnings per share and sales exceeded expectations. Guidance for the fourth quarter has also been announced, showing an outlook that exceeds expectations.
A sense of disappointment that Arm left the sharp easy-going sales forecast of 12% unchanged outside of hours
$Arm Holdings (ARM.US)$It's drastically cheap outside of hours. Financial results for the fiscal year ending April-June were announced after closing, and both earnings per share and sales exceeded expectations. However, stock prices had a negative reaction outside of hours. The fact that the full-year sales forecast was left unchanged is disgusting. There were aspects where the market expected that the full-year outlook would be revised upward, so it seems that the sense of disappointment is intensifying.
Financial Digest for Other Major US Stocks
☆ $DuPont (DD.US)$The full-year earnings per share and sales forecasts were revised upward
☆ $MasterCard (MA.US)$, member spending and online payments are doing well
☆ $Paramount Group Inc (PGRE.US)$Sales increased and final deficit narrowed in the April-6 fiscal year
☆ $Carvana (CVNA.US)$The April-6 fiscal year turned into a surplus
☆ $Boeing (BA.US)$The deficit for the April-June fiscal year was larger than expected
(Appointing the former CEO of aviation supplier Rockwell Collins as the next CEO)
☆ $Lam Research (LRCX.US)$Sales declined and operating profit declined in the 4th to 6th period
☆ $Albemarle (ALB.US)$Sales declined and fell into deficit for the April-6 fiscal year
☆ $Marriott International (MAR.US)$Sales for the April-6 fiscal year did not meet market forecasts
☆ $DuPont (DD.US)$The full-year earnings per share and sales forecasts were revised upward
☆ $MasterCard (MA.US)$, member spending and online payments are doing well
☆ $Paramount Group Inc (PGRE.US)$Sales increased and final deficit narrowed in the April-6 fiscal year
☆ $Carvana (CVNA.US)$The April-6 fiscal year turned into a surplus
☆ $Boeing (BA.US)$The deficit for the April-June fiscal year was larger than expected
(Appointing the former CEO of aviation supplier Rockwell Collins as the next CEO)
☆ $Lam Research (LRCX.US)$Sales declined and operating profit declined in the 4th to 6th period
☆ $Albemarle (ALB.US)$Sales declined and fell into deficit for the April-6 fiscal year
☆ $Marriott International (MAR.US)$Sales for the April-6 fiscal year did not meet market forecasts
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Key Market Events
![[Morning Report] Federal Reserve Chairman mentions September interest rate cut NVIDIA's rapid meta growth arm falls outside of the 13% high hours, and financial...](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240801/1722467462684-aecdf2d7ae.png/big?area=105&is_public=true)
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