HSBC began coverage of 4 US airline shares on Monday, based on the general view that demand trends in 2024 are positive due to the continued recovery in business and leisure passenger numbers. The British company believes that improved traffic mix, tight capacity environment, and strong international demand should support earnings growth across the sector. However, analyst Achal Kumar and his team believe that full-service airlines are in an advantageous position over low-cost carriers, and there is a possibility that they will face headwinds due to rising cost pressure and limited opportunities for fare increases and rate increases.
“We believe there may be positive changes in the industry structure in the near future. Some airlines are considering full or quasi-integration to maintain competitiveness and rebuild balance sheets. A US court recently suspended part of the proposed deal (US - JetBlue Northeast Alliance, JetBlue-Spirit merger), which could have a negative impact on fares and competition...

Last month, the number of bankruptcy applications filed by US companies surged to the highest level in the past year, and S&P Global Market Intelligence stated that companies felt the weight of prolonged high interest rates.
The number of new bankruptcy applications in April was 66, up from 61 in March, which was revised upward. So far this year, companies in the consumer discretion sector have surpassed other companies, and 8 new applications were added in April.
S&P Global said that although the 210 bankruptcy filings recorded until April were slightly lower than 224 in the same period last year, the pace of bankruptcy has accelerated since the beginning of 2024.
The three companies, clothing retailer Express (OTC: EXPRQ), 99 Cent Only Stores parent company Number Holdings, and cloud computing company Converge One Holdings, had debts of 1 billion dollars or more when they filed for bankruptcy protection in April.
Policy makers have assessed that the inflation rate is well above the target of 2%, so the Fed has yet to start cutting interest rates. As for S&P Global Market Intelligence, FRB announced in early 2012...

157 yen is cheap

This article uses automatic translation for some of its parts
The fundamentals of AI-related stocks will drive further big tech performance
● While investors are closely watching the financial results announcements of approximately 180 S&P 500 companies, including major high-tech companies, they are also paying attention to geopolitical tension in the Middle East.
● As demand for AI expands and contributes greatly to the profits of high-tech companies, there is a possibility that global data center capital investment in 2024 will be underestimated at 300 billion US dollars.
● Despite recent sales, valuations in the tech sector are seen as attractive. Since the current predicted PER for Big Tech is still low, there is a possibility that it will exceed expectations.
Is the fall in semiconductor stocks not over yet?
● Semiconductor stocks have skyrocketed since the beginning of this year. Even after the recent decline, the year-to-date increase rate has exceeded 20%. Valuations are also extremely expensive, and PER (TTM, trailing twelve months) for March has reached 56 times. In addition to these factors, interest rate increases due to higher-than-expected inflation and geopolitical concerns...

Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 36,700 yen - 37,300 yen (closing price on the 19th 37,068 yen 35 sen)
● Does US PCE data further confirm FRB's patient attitude - this week's macro
● Money outflow from US stocks due to interest rate unease, good news is not good - BoFA
● Will risk offs stop at the Bank of Japan meeting this week? Japanese stocks, yen, crude oil
● Announcement of financial results for the fiscal year ending March 31, starting in earnest on the 23rd, focus on semiconductor-related matters
● “Rich” companies stand out in automobile-related areas where expectations for dividend increases are growing
● Tesla cut prices one after another over the weekend, targeting EVs and autonomous driving support software
-MooMoo News Amelia
Market Overview
In the US stock market on the 19th, the NY Dow Jones Industrial Average continued to rise to 37,986 dollars 40 cents, which is 211 dollars 02 cents higher than the previous business day. The Nasdaq Composite Stock Price Index fell 319.489 points to 15,282.010. Was the Tokyo Stock Exchange on the 22nd going back and forth, with the Nikkei Stock Average conflicting views near the previous weekend's closing price. Futures holders last weekend...

Good morning to all Moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 37,300 yen - 37,900 yen (22nd closing price 37,438 yen 61 sen)
● US companies' performance forecasts, strategists' opinions are divided - stock price growth is sluggish
● Even in an unstable environment where hedge funds turn to stock purchases - Goldman
● The yen is low for the first time in 34 years, and awareness of interest rate differences in the 154 yen 80 sen range is back
● Stock repurchases of listed companies, first 10 trillion yen support for Japanese stocks
●Tesla announces financial results on the 24th what is the next move for EV deceleration “mask style”
● Apple designated as the top pick in '24, January-March financial results preparation - BoFA
-MooMoo News Amelia
Market Overview
In the US stock market on the 22nd, the NY Dow Jones Industrial Average continued to rise for 3 days to 38,239 dollars 98 cents, 253 dollars 58 cents higher than the previous business day. The Nasdaq Composite Stock Price Index rose 169.295 points to 15,451.305. Continuing from the previous day, the Tokyo stock market on the 23rd was dominated by short covers with tight buys and short sellers due to a sense of affordability...