[Morning Report] Divergent views among strategists on U.S. stock earnings outlook, with the first-ever 10 trillion yen share buyback supporting Japanese stocks. Earnings reports from Tesla are expected on the 24th.
![[Morning Report] Divergent views among strategists on U.S. stock earnings outlook, with the first-ever 10 trillion yen share buyback supporting Japanese stocks....](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240423/e14712d1222955811ab7b232e401b2d4.png/big?area=105&is_public=true)
Good morning, Moomoo users!![]()
Here are the key points from the morning session report today.
● [Tokyo Stock Market Forecast Range] 7,300,000-7,900,000 yen (closing price on the 22nd, 7,438,061 yen).
● Performance outlook of US companies divided among strategists - stock prices struggle to rise.
● Hedge funds turn to buying stocks, even in an unstable environment - Goldman Sachs.
● Yen at its lowest level in 34 years, 154 yen and 80 sen - renewed awareness of interest rate differentials.
● Share buyback by listed companies, first time reaching 10 trillion yen - supporting Japanese stocks.
● Tesla's earnings announcement on the 24th - the next move after the EV slowdown a la Musk.
Apple designated as the top pick for 2024, with earnings announcements expected in the first quarter - BofA.
- Moomoo News Amelia
● [Tokyo Stock Market Forecast Range] 7,300,000-7,900,000 yen (closing price on the 22nd, 7,438,061 yen).
● Performance outlook of US companies divided among strategists - stock prices struggle to rise.
● Hedge funds turn to buying stocks, even in an unstable environment - Goldman Sachs.
● Yen at its lowest level in 34 years, 154 yen and 80 sen - renewed awareness of interest rate differentials.
● Share buyback by listed companies, first time reaching 10 trillion yen - supporting Japanese stocks.
● Tesla's earnings announcement on the 24th - the next move after the EV slowdown a la Musk.
Apple designated as the top pick for 2024, with earnings announcements expected in the first quarter - BofA.
- Moomoo News Amelia
Market Overview
In the U.S. stock market on the 22nd, the Dow Jones Industrial Average rose for the third consecutive day, closing 253.58 cents higher at $8239.98, while the Nasdaq Composite Index closed 169.295 points higher at 5451.305. The Tokyo stock market on the 23rd is likely to continue to rise, with bargain hunting and short covering by short sellers dominating. It is expected to reach the 7000 yen level in the late 2024.
In the U.S. stock market on the 22nd, the Dow Jones Industrial Average rose for the third consecutive day, closing 253.58 cents higher at $8239.98, while the Nasdaq Composite Index closed 169.295 points higher at 5451.305. The Tokyo stock market on the 23rd is likely to continue to rise, with bargain hunting and short covering by short sellers dominating. It is expected to reach the 7000 yen level in the late 2024.
Top News
Divergent opinions among strategists on the earnings outlook for U.S. companies as stock prices struggle to gain momentum.
Wall Street's leading bank strategists have differing opinions on whether U.S. companies can provide a strong earnings outlook for this year. Michael Wilson of Morgan Stanley has a positive outlook, expecting a stronger economy and improved profit growth from 2024-2025. On the other hand, Misfrav Mateika, a strategist at JPMorgan Chase, claims that inflation, a strong dollar, and recent geopolitical tensions are clouding the outlook.
Related article:NY Stock Market Highlights: Continuation of selling or reversal? 'M7's earnings are the key.
Strong performance of US companies, high expectations for S&P500 reversal - MLIv survey
Hedge funds turning to stock buybacks, even in unstable environments - Goldman
Hedge funds are beginning to resume global stock buybacks without being swayed by overall market volatility, and are rapidly buying technology stocks at a pace not seen in about 2 months. $Goldman Sachs (GS.US)$An analysis by the trading desk.
Yen hits a 34-year low, at 154.80 yen, bringing back awareness of interest rate differentials.
On the 22nd, the yen fell against the dollar in the New York foreign exchange market, reaching the mid-154.80 yen mark, the highest level of yen depreciation and dollar appreciation in about 34 years since June 1990. The retreat in geopolitical risks in the Middle East has led to the widening of yen selling and dollar buying positions due to a renewed focus on interest rate differentials between Japan and the US.
Related article:Tailwind of yen depreciation, pre-owned cars are performing well, with competition among large stores resulting in the highest profit.
The share buyback of listed companies has reached a record 10 trillion yen for the first time, supporting Japanese stocks.
The share buyback of listed companies in fiscal year 2023 exceeded 10 trillion yen for the first time, marking the highest level in the past two years. This is attributed to the good performance and the shift to a management focus on capital efficiency. It is supporting Japanese stocks as a major buyer. Amid adjustments in the Nikkei Stock Average, attention will be focused on the earnings reports that will be announced in full swing from this week, to see what strategies each company will propose.
Divergent opinions among strategists on the earnings outlook for U.S. companies as stock prices struggle to gain momentum.
Wall Street's leading bank strategists have differing opinions on whether U.S. companies can provide a strong earnings outlook for this year. Michael Wilson of Morgan Stanley has a positive outlook, expecting a stronger economy and improved profit growth from 2024-2025. On the other hand, Misfrav Mateika, a strategist at JPMorgan Chase, claims that inflation, a strong dollar, and recent geopolitical tensions are clouding the outlook.
Related article:NY Stock Market Highlights: Continuation of selling or reversal? 'M7's earnings are the key.
Strong performance of US companies, high expectations for S&P500 reversal - MLIv survey
Hedge funds turning to stock buybacks, even in unstable environments - Goldman
Hedge funds are beginning to resume global stock buybacks without being swayed by overall market volatility, and are rapidly buying technology stocks at a pace not seen in about 2 months. $Goldman Sachs (GS.US)$An analysis by the trading desk.
Yen hits a 34-year low, at 154.80 yen, bringing back awareness of interest rate differentials.
On the 22nd, the yen fell against the dollar in the New York foreign exchange market, reaching the mid-154.80 yen mark, the highest level of yen depreciation and dollar appreciation in about 34 years since June 1990. The retreat in geopolitical risks in the Middle East has led to the widening of yen selling and dollar buying positions due to a renewed focus on interest rate differentials between Japan and the US.
Related article:Tailwind of yen depreciation, pre-owned cars are performing well, with competition among large stores resulting in the highest profit.
The share buyback of listed companies has reached a record 10 trillion yen for the first time, supporting Japanese stocks.
The share buyback of listed companies in fiscal year 2023 exceeded 10 trillion yen for the first time, marking the highest level in the past two years. This is attributed to the good performance and the shift to a management focus on capital efficiency. It is supporting Japanese stocks as a major buyer. Amid adjustments in the Nikkei Stock Average, attention will be focused on the earnings reports that will be announced in full swing from this week, to see what strategies each company will propose.
Tesla to announce earnings on the 24th - The next move after the slowdown in EVs, following the 'Musk style'.
USA $Tesla (TSLA.US)$On the 23rd (24th in Japan time), Tesla is set to announce its earnings for the January-March 2024 period. With the slowdown in electric vehicle (EV) growth and exposure to low-cost competition from Chinese manufacturers, it is projected to be the fifth consecutive quarter of operating loss. There are also speculations that they may withdraw from the development of low-cost EVs, which have been expected to be the core of future growth. Amid deepening difficulties, all eyes are on how Elon Musk, the CEO, will explain the future strategy.
Related article:Tesla to abolish its U.S. marketing team as part of workforce reduction - according to sources.
Chaos engulfing Tesla, Musk shifts focus on the dream of robot taxis.
Apple designated as the top topic for 2024, ahead of earnings announcement for 1st quarter.
US Bank $Bank of America (BAC.US)$ BofA designated [unknown] as the top topic for 2024. The optimism surrounding the upcoming earnings announcement and the brightness of the medium- to long-term outlook are cited as the reasons. $Apple (AAPL.US)$Economic and Industrial Ministry to begin discussions on the review of the "Energy Basic Plan". The plan sets the composition ratio of power sources for the fiscal year 2040 as its pillar. The current plan, created three years ago, projected a decrease in electricity demand leading up to the 2030 fiscal year, but this time the assumption is an increase in demand due to the widespread use of artificial intelligence (AI).
AI generation to influence energy plan for fiscal year 2040. It will have a large impact on energy consumption.
The Economic and Industrial Ministry will soon start discussions on revising the "Energy Basic Plan". This medium- to long-term policy guideline aims to create the composition ratio of power sources for the fiscal year 2040. The current plan, created three years ago, projected a decrease in electricity demand leading up to the 2030 fiscal year. However, this time the assumption is an increase in demand due to the widespread use of artificial intelligence (AI).
USA $Tesla (TSLA.US)$On the 23rd (24th in Japan time), Tesla is set to announce its earnings for the January-March 2024 period. With the slowdown in electric vehicle (EV) growth and exposure to low-cost competition from Chinese manufacturers, it is projected to be the fifth consecutive quarter of operating loss. There are also speculations that they may withdraw from the development of low-cost EVs, which have been expected to be the core of future growth. Amid deepening difficulties, all eyes are on how Elon Musk, the CEO, will explain the future strategy.
Related article:Tesla to abolish its U.S. marketing team as part of workforce reduction - according to sources.
Chaos engulfing Tesla, Musk shifts focus on the dream of robot taxis.
Apple designated as the top topic for 2024, ahead of earnings announcement for 1st quarter.
US Bank $Bank of America (BAC.US)$ BofA designated [unknown] as the top topic for 2024. The optimism surrounding the upcoming earnings announcement and the brightness of the medium- to long-term outlook are cited as the reasons. $Apple (AAPL.US)$Economic and Industrial Ministry to begin discussions on the review of the "Energy Basic Plan". The plan sets the composition ratio of power sources for the fiscal year 2040 as its pillar. The current plan, created three years ago, projected a decrease in electricity demand leading up to the 2030 fiscal year, but this time the assumption is an increase in demand due to the widespread use of artificial intelligence (AI).
AI generation to influence energy plan for fiscal year 2040. It will have a large impact on energy consumption.
The Economic and Industrial Ministry will soon start discussions on revising the "Energy Basic Plan". This medium- to long-term policy guideline aims to create the composition ratio of power sources for the fiscal year 2040. The current plan, created three years ago, projected a decrease in electricity demand leading up to the 2030 fiscal year. However, this time the assumption is an increase in demand due to the widespread use of artificial intelligence (AI).
Foreign Exchange
Major market events
![[Morning Report] Divergent views among strategists on U.S. stock earnings outlook, with the first-ever 10 trillion yen share buyback supporting Japanese stocks....](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240423/b7616a3af8e254ac59dceee907114516.png/big?area=105&is_public=true)
Source: Dow Jones, MINKABU, Bloomberg, The Nikkei, Wealth Advisor, Fisco
![[Morning Report] Divergent views among strategists on U.S. stock earnings outlook, with the first-ever 10 trillion yen share buyback supporting Japanese stocks....](https://sgsnsimg.moomoo.com/sns_client_feed/181250687/20240423/1713827596743-e873db4ee9.png/big?area=105&is_public=true)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
