The first quarter financial results of the five major trading companies for the fiscal year ending March 2025 (1Q, April to June)...are influenced by asset sales and exchange rate gains due to the depreciation of the yen.) showed thatandcontribute.三菱商事など３社が増益となった。通期純利益見通しに対する進捗率の高さも目立った。一方、直近では日銀の追加利上げ懸念や米利下げ観測から円高圧力が強まり、１Q期間中より円高となる１ドル147円台の水準で推移している。各社の25年3月期の想定為替レートは140〜145円。現行の水準が続く、または円高が進行すると、円安による利益上振れ期待が剥落していくことになる。ただ各社の最高財務責任者（CFO）は決算会見で足元のThe impact of the yen's appreciation and additional interest rate hikes by the Bank of Japan is not significant, but limited.And so on, they commented.also experienced an inverted yield curve.That.
The early August, when the earnings announcements of trading companies were concentrated, saw a large crash in the Japanese stock market. The Nikkei Stock Average fell by about 20% from the end of July to August 5th.As a result,the valuations of the five major trading companies also dropped significantly.５大商社のバリュエーションも大きく下がったAccording to a Bloomberg article on the 8th, the renowned investor Vroom suggested earlier about increasing the shareholding ratio of Japanese trading companies.Therefore, it is pointed out that it is a good opportunity for him to increase his holdings. Check the financial results and stock prices of each company, as well as the views of analysts.For Mr. Buffett, it can be seen that he...

$Taiwan Semiconductor (TSM.US)$ It's not that it's decided by Trump, but he goes to take profits from TSMC because he wants results. So, knowing that profits will be taken even if they increase, the profits are expected to be below the financial estimates. Institutions will not buy from now on. They will steadily sell, and although individuals will buy when it becomes cheaper, it might become a perfect selling target for institutions. I also have TSMC in my portfolio, but if NVDA is the only option and it doesn't work out, I'm considering withdrawing.

● $Taiwan Semiconductor (TSM.US)$Is Japan timeAnnouncement of financial results for the 2nd quarter of 2024 on the afternoon of 7/18I plan to do it.
●According to Moomoo, the market expects TSMC's 24Q2 sales to be 653.345 billion Taiwan dollars and EPS to be 45.83 Taiwan dollars.
●24Q1 sales were 18.87 billion dollars and EPS was 1.38 dollars, both of which exceeded market expectations.
●Wall Street analysts expect TSMC's net profit for Q2 to grow 29% year over year.
●Attention should be paid to Q2 financial results: net profit, full-year sales forecasts, capital investment plans, AI demand forecasts, etc.
TSMC, the world's largest foundry company, is scheduled to announce 2024 Q2 financial results on the afternoon of 7/18. Riding on the wave of AI demand, the company's stock showed a very strong rise this year, and the year-to-date rate of increase exceeded 81%, recorded a record high, and the total market value also broke through 1 trillion dollars at one point. Ahead of financial results, analysts at several major banks are in charge...

$Micron Technology (MU.US)$
Although the financial results were not bad, there was a decline. However, it did not have any impact on the long-term memory semiconductor story, and it has dropped by less than 20% from the high price, gradually alleviating the sense of overvaluation. For those considering long-term holding, it can also be seen as an opportunity to buy on dips.
However, it is also possible that it may be further sold in the short term due to rebalancing at the end of the month.
Furthermore, from a medium-term perspective, considering the uncertainty of the presidential election and past anomalies, there may be selling pressure until around October, even if July is the ceiling.
Personally, due to selling all my semiconductor positions at the previous high level, I currently do not have any semiconductor positions and have a significant amount of cash. Therefore, I made some purchases after the drop in stock prices following the financial results. If there is further decline, I would like to gradually buy and prepare for the year-end of this year.
$Micron Technology (MU.US)$

$Aidma Holdings (7373.JP)$ I slapped my mouth in a bossy manner, but today I withdrew. There's absolutely no atmosphere that seems to improve as the terrain gets worse.