Pay attention to the Japan-US price index for this week's financial results and economic calendar (2/26 to 3/1)! NVIDIA's “AI Festival” is still going on
Japanese stocks continue to be strong this week, and there is room for the Nikkei Average's PER (price-earnings ratio) to rise to the latter half of the 16 times range, and developments are expected to test the level in the middle of the 39,000 yen range.The trend of stock appreciation led by large high-tech stocks continuesThen,Buying is also spreading to small and medium-sized stocksSeems like that. It is said that funds from institutional investors etc. are more likely to flow into small and medium-sized stocks with a sense of delay than large stocks with a strong upward trend. However, since the Nikkei Average hit an all-time high, there is also a sense of accomplishment, and it seems that after a round of buying, it will be pushed by profit-making sales.
Also, financial results announcements of companies are generally in full circle, and there is no denying developments where buyers are scarce in the near future, but NVIDIA's business conditions reflect demand for high-performance semiconductors that are essential for the spread of generative AISuggests the revitalization of peripheral fields such as manufacturing equipment and electronic materialsI'll do it.Business opportunities for Japanese companies will also expandSeemed to be,The earnings market, which is conscious of the fiscal year ending next 3 months, seems to be gaining momentum. In the US $Salesforce(CRM.US$Financial results of technology companies remain, etc., and they will lead the movement of US stocks.
In a situation where it is easy to pass through important events and a sense of accomplishment spreads easily, what is aheadMarket interest returns to domestic and international economic trends and the future of monetary policyThat's going to happen. This weekThe personal consumption expenditure (PCE) price index, which the Fed emphasizes as a price index, is attracting attentionIt becomes. Since the US CPI (consumer price index) announced on the 13th and PPI (producer price index) announced on the 16th both exceeded market expectations, if the PCE price index rises, interest rate cut observations will slip further back, and it seems that it will be material that boosts the dollar and yen.
In JapanNational Consumer Price Index (CPI)、Industrial Production Indexwill be announced. Growth compared to the previous year has been slowing for 2 consecutive months until December, and if this trend seems to continue, there is a possibility that monetary policy normalization observations by the Bank of Japan will recede, and yen selling pressure will intensify. However, between the latter half of the 150 yen range and around 151 yen, verbal intervention by the Japanese currency authorities is wary, and the upper price is expected to become heavy. Meanwhile, if a recovery in production activities can be confirmed, the stock market will be pleased.
1. The Nikkei Average continued to rise for 4 weeks, the highest value in history for the first time in 34 years, the fastest rise without overheating
2. NVIDIA net profit 8.7 times! The “AI Festival” is still going on, the most important brand on Earth
3. An AI whirlwind goes around the Earth! The major indices of Japan, the US, and Europe hit record highs
4. Tokyo Electron ranked 3rd in market capitalization, surpassing Sony
5. The US Rivian and Lucid are drastically weak, and expectations are disappointing due to 24-year production targets and falling EV demand, and “they will go bankrupt in about 6 quarters,” Musk said
6. Berkshire, led by Mr. Buffett, surpasses 600,000 dollars in stock to join the 1 trillion dollar club
7. US interest rate cut in June FOMC January summary, hawks are also within market expectations
The Nikkei Average rose for the fourth week in a row in the Tokyo Stock Exchange last week to 39,98.68 yen, 611.44 yen (1.59%) higher than the previous weekend. $NVIDIA(NVDA.US$Major semiconductor-related stocks revolted in response to favorable financial results, boosting the overall index. $Tokyo Electron(8035.JP$The domestic ranking of market capitalization is on the 22nd, $Keyence(6861.JP$Ya $Sony Group(6758.JP$、 $Nippon Telegraph & Telephone(9432.JP$Pull it out, $Toyota Motor(7203.JP$Ya $Mitsubishi UFJ Financial Group(8306.JP$It rose to 3rd place after The Nikkei Average also hit an all-time high for the first time in 34 years, and has finally entered a new stage. A market participant said, “The high price update in '89 is simplyIt's just a passing point. There are many voices saying, “You should be able to expect a 40,000 yen increase in the near future.” However, towards the 40,000 yen marketGradually developing new products, including mid-tier stocksIt is also expected that it will progress.
Meanwhile, even if the Nikkei Average is at its highest valueExpected PER is 16.5 timesandThe Abenomics exchange rate, which was over 18 times higher, is below the peak at the end of the day. Profit levels have been cut down after the announcement of financial results for the fiscal year ending 23/10-12 by listed companies, and PER has been suppressed. Even though there are voices saying it is a “violation of speed” due to rapid stock appreciation, the calm backgroundThere is a lack of sense of overheating compared to a company's earning power. Earnings per share of companies that have adopted the Nikkei Stock Average are currently at a record high level. Since profit increases of around 10% are also expected next fiscal year, there are also voices saying, “If you buy up to 17 to 18 times PER, you may be able to expect around 45,000 yen for the summer.”
NVIDIA's financial results are stronger than expectedThen,It is helping to justify rising stock prices. Net profit compared to the same period last year8.7 timesWhat is the sales volume3.7 timesSo, both were record highs. Sales and earnings forecasts for the data center division, which handles high-profile AI chipsGreatly exceeded expectations. CEO Juan said”Generative AI is at a turning point. Demand is rapidly increasing around the world, regardless of company, industry, or country,” he said. The analyst said, “There is a possibility that the generative AI market will reach 1.3 trillion dollars by 2032. Explosive growth in this field should boost hardware, software, and internet companies again this year,” he said. Analysts raised target stock prices one after another. In response to this, the company's stock was bought at a 16% increase on the 22nd and gained brilliant popularity. The global stock market is also booming,Stock prices in the US, Europe, and Japan hit record highs on the 22ndI did it. Goldman Sachs called NVIDIA”The most important stocks on the planetI started calling it”.
Meanwhile, electric vehicles (EVs) $Rivian Automotive(RIVN.US$with $Lucid Group(LCID.US$is the 22nd, respectivelySignificant depreciation of 25% and 16%. The market seems to be disgusted with full-year guidance, and in particularThe forecast for the number of units produced fell far short of expectationsSeems like they don't like that. Elon Musk stated in a post to “X” (old Twitter) that “in the current trajectory, Rivian will go bankrupt in about 6 quarters.”
What is the Berkshire led by Warren BuffettReach new milestonesI did it. What is the stock price of Berkshire Class A sharesExceed 600,000 dollarsThen, it became the 7th company in the US stock market in terms of total market value,Top 1 outside of techBut it's there. The rise in stock prices is for this company representing traditional industriesBoosting 1 trillion dollar club membershipAnd what makes this happenFirst time outside the tech industryIt becomes something like that. Also, Berkshire Hathaway is scheduled to announce financial results on the 24th.
As for the dollar and yen, the Fed's hawkish stance was reaffirmed in the FOMC agenda summary on the 21st, and dollar purchases continued. On the 22nd, when it was reported that Bank of Japan Governor Ueda Kazuo showed recognition of the current state of the Japanese economy as “a state of inflation rather than deflation,” the dollar and yen stalled.
Source: MINKABU, Bloomberg, investing, Trader's Web, WelsAdvisor, Reuters
ー MooMoo News Sherry
ー MooMoo News Sherry
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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