This week's earnings and economic calendar (10/21~10/25) Double play of earnings reports and lower house election! Will the bullish trend in semiconductor stocks continue?

This weekThe key point is
In the Japanese stock market this week, cautious movements are expected as the impact of domestic and international corporate earnings and the weekend lower house election are carefully assessed. In particular, on the 23rd, $Nidec (6594.JP)$and Tokyo Metro are drawing attention for their upcoming listings. In addition, the movements of semiconductor-related companies may have a significant impact on the Nikkei average, drawing attention to semiconductor-related stocks. The earnings announcement for semiconductor equipment $Lam Research (LRCX.US)$to be released on the 23rd may determine whether the market will feel reassured. On the other hand, there are reports of the possibility of the ruling party, the Liberal Democratic Party, falling short of a majority in the Lower House election scheduled for the 27th, which could lead to political uncertainty depending on the election results and potentially suppress stock prices.

In corporate earnings, this week, Nidec Corporation Sponsored ADR and $Fanuc (6954.JP)$、 $Shin-Etsu Chemical (4063.JP)$Earnings reports from major companies are scheduled. Depending on the results of the earnings, there is a possibility of active trading in individual stocks.

In the US stock market, there is a potential for significant price movements depending on corporate earnings, especially hot stocks such as wells fargo & co and lam research corp. $Tesla (TSLA.US)$and companies like qualcomm, $Coca-Cola (KO.US)$are the focus of attention based on earnings results. In addition, there are many scheduled US economic indicators and statements from Federal Reserve officials that are likely to impact the market.

バリュー株の代表格Key market points
1. The Nikkei Average fell for the first time in two weeks
The US earnings season is in full swing, with a positive stock market reaction! US stocks continue to set new highs.
US bank stocks are on a rush to new highs, with good earnings spilling over to domestic mega banks.
Semiconductor industry experiences a tumultuous week that can be called 'Ice and Fire'.
ASML experiences sudden changes, while Taiwan's TSMC thrives. AI demand remains strong.
Leading high-tech companies are betting on next-generation power generation one after another, causing a sharp rise in nuclear-related stocks.
US retail revenue accelerates beyond expectations, indicating a strong individual consumption trend. Immediate rate cut expectations are diminishing.

Last week, the Nikkei average in the Tokyo stock market fell for the second consecutive week, down 624.05 yen (1.58%) from the previous week to 0.03089 million yen. $ASML Holding (ASML.US)$due to the disappointing earnings of. $Tokyo Electron (8035.JP)$There have been instances of sudden drops in semiconductor-related stocks, etc. However, Taiwan's TSMC had solid earnings. The conflicting sentiments of strength and weakness towards semiconductor-related stocks seem to be increasing hesitancy in Japanese stocks.

In the U.S. market, earnings reports are intensifying, and so far, many stocks have had favorable stock price reactions. $Dow Jones Industrial Average (.DJI.US)$The trend of high price updates continues.Bank stocks also showed a strong performance last week, with many stocks such as Goldman and Wells Fargo performing well. on the other hand, on the Tokyo stock market on the following 18th, some TSMC-related stocks showed positive movements, but a majority of them did not.Due to the strong earnings of U.S. financial stocks,It is leading to stimulating factors for domestic megabanks.。 $Bank of America (BAC.US)$、 $Goldman Sachs (GS.US)$、 $Morgan Stanley (MS.US)$Multiple companies have announced their earnings reports successively,both of which have achieved favorable results.Morgan Stanley's earnings report exceeded expectations across the board, while Goldman's profits surged by 45%.and the revenue of the stock trading division reached a record high in the past 3 years.45%.the revenue of the stock trading division reached a record high in the past 3 years.. $Bank of America (BAC.US)$Profits exceeded expectations, with investment banking and trading departments performing well. $Citigroup (C.US)$Each business segment also experienced significant growth, with market business revenuereaching its highest point in the past 10 years.Income from investment banking activities surged by 31%. The US Federal Reserve may cut interest rates this quarter, potentially stimulating increased funding by Wall Street companies and a rise in M&A activities.There is a possibility of greater capital raising by Wall Street companies and increased M&A activity as a result of a potential rate cut by the US Federal Reserve this quarter.There is a possibility of stimulating increased funding by Wall Street companies and a rise in M&A activities.

The semiconductor industry has experienced a tumultuous week, which can be likened to 'ice and fire.'Experienced it. First of all, $ASML Holding (ASML.US)$performance unexpectedly deteriorated, causing a sharp decline in semiconductor stocks, followed by $Taiwan Semiconductor (TSM.US)$favorable earnings reports, sparking renewed market optimism that the demand for AI remains strong. Behind this series of movements,reflects the ups and downs within the semiconductor industry. According to analysts, Intel and Samsung, customers of ASML, are eachfacing difficultiesMeanwhile, the demand for NVIDIA, a customer of TSMC, remainsstill strong、Taiwan's TSMC is indeed a barometer of AI demand.That.

Specifically, ASML announced its third-quarter earnings early on the 15th. According to the data, the company's order amount fell significantly below market expectations, hitting a low not seen in about 3 years and delivering a shock to the market.experiencing a drop to the lowest level in about 3 years, hitting approximately.17% plunge on the same day.17% dropし、1998年以来の最大の1日下落率を記録した。この影響で半導体株が軒並み下落し、米国上場半導体メーカーやアジアの大手半導体株の時価総額は合計で420 billionドル以上減少した。しかし、幸いにも、その翌日に発表されたTSMCの決算は全面的に予想を上回り、売上高は39%増で過去最高を記録し、純利益も54%増加した。業績見通しを上方修正し、来年には設備投資を増やす可能性が高いと表明した。これを受け、 $NVIDIA (NVDA.US)$はUpdating the highest value., reaching $140.89 for the first time.

In other earnings reports, $Netflix (NFLX.US)$also announced bright earnings. Both revenue and profitrecorded double-digit growth significantly exceeding financial estimates.Net increase in memberships decreased by 42% compared to the previous year, but still exceeded expectations by 12%. At the same time, the fourth-quarter revenue outlook significantly surpassed expectations, and the annual performance outlook was slightly revised upward. On the other hand, $UnitedHealth (UNH.US)$and the performance of the luxury brand leader LVMH was disappointing, especially LVMH plummeted by 10% after the earnings announcement.Temporary 10% decline.し、After a 2-year lowwas recorded.

Outside of earnings reports, major technology companies are actively investing in nuclear power datacenters, andnuclear energy-related stocks are soaring.Under the support of Mr. Altman, the CEO of the US OpenAI, an emerging company is developing next-generation nuclear power plants. $Oklo Inc (OKLO.US)$はAround 100 last week % surged . $Amazon (AMZN.US)$は最新の原子力エネルギーに賭けるテクノロジー企業となり、小型モジュール式原子炉（SMR）のの開発に0.5 billionドル以上を投資する予定。 $Alphabet-A (GOOGL.US)$も14日に米国の原子力発電企業と電力購入契約を締結し、SMRの「迅速かつ安全な」電力供給に期待を寄せている。その他、 $Apple (AAPL.US)$は15日、AI対応の新型iPad Miniを発表し、一時2.7％上昇して高値を更新した。

Last week's US economic data,消費や労働市場の底堅さを示し、速やかな利下げ観測が後退している。