Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Tesla surging on the prospect for auto tariffs and semi's up on the potential for leniency.</li>
<li>US homebuilder woes continue with KB homes reporting a miss after market.</li>
<li>Activist Elliott taking a stake in Sumitomo Reality may see holdings under pressure.</li>
</ul>


Tesla surging on the prospect for auto tariffs and semi's up on the potential for leniency.
US homebuilder woes continue with KB homes reporting a miss after market.
Activist Elliott taking a stake in Sumitomo Reality may see holdings under pressure.


Japan Morning Connection: Markets Swing Back to Risk on Potential for Watered Down Tariffs

<ul>
<li>Sandisk +9.7% on reports it will be hiking NAND prices by 10% in April. More to go for Kioxia and Kokusai Electric?</li>
<li>Allegro running out of oomph but I would keep adding Sanken despite the jump.</li>
<li>Nintendo -9.2% Friday on tariff concerns excessive ahead of upcoming Switch2 announcement in April.</li>
</ul>


Sandisk +9.7% on reports it will be hiking NAND prices by 10% in April. More to go for Kioxia and Kokusai Electric?
Allegro running out of oomph but I would keep adding Sanken despite the jump.
Nintendo -9.2% Friday on tariff concerns excessive ahead of upcoming Switch2 announcement in April.


Japan Morning Connection: US Dip Buying for Tech Should See Dip Buying in Japan to Start.

Japan Specialist

Mark Chadwick

<ul>
<li>Japanese equities fell this week, with the Nikkei losing 2% and Topix down 1.8%.</li>
<li>Japan’s entertainment stocks have been on a tear over the past six months, and there’s little sign of momentum fading. </li>
<li>Japan’s economy is heating up, and markets are taking notice. The 10-year bond yield has climbed to 1.29%, the highest in 14 years</li>
</ul>


Japanese equities fell this week, with the Nikkei losing 2% and Topix down 1.8%.
Japan’s entertainment stocks have been on a tear over the past six months, and there’s little sign of momentum fading. 
Japan’s economy is heating up, and markets are taking notice. The 10-year bond yield has climbed to 1.29%, the highest in 14 years


Japan Strategy Weekly | The Entertainment Boom

<ul>
<li>Palantir +24% as AI demand shows no signs of a slow down.</li>
<li>SMCI giving a business update to help one of Japan's worst tech performers?</li>
<li>Estee Lauder -16% as its Asian travel retail business continues to falter setting a bad tone for Shiseido and Kose.</li>
</ul>


Palantir +24% as AI demand shows no signs of a slow down.
SMCI giving a business update to help one of Japan's worst tech performers?
Estee Lauder -16% as its Asian travel retail business continues to falter setting a bad tone for Shiseido and Kose.


Japan Morning Connection: Big Capex Guidance from Alphabet a Positive for Semicap Related

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Our outlook remains bullish on MSCI ACWI. Discussed in latest Int’l Compass (1/9/2025) how viewed the pullback as buying opportunity and were watching for $116-$117 support to hold on ACWI-US.</li>
<li>$116 support held perfectly and we expect upside to continue following 1+ month bull flag breakouts, followed by successful retests of support, on ACWI-US and the S&amp;P 500.</li>
<li>We also upgraded Germany to overweight last week, with RS on the DAX breaking out from a 2-year base. U.S. (SPX) and Germany are our only two country overweights.</li>
</ul>


Our outlook remains bullish on MSCI ACWI. Discussed in latest Int’l Compass (1/9/2025) how viewed the pullback as buying opportunity and were watching for $116-$117 support to hold on ACWI-US.
$116 support held perfectly and we expect upside to continue following 1+ month bull flag breakouts, followed by successful retests of support, on ACWI-US and the S&amp;P 500.
We also upgraded Germany to overweight last week, with RS on the DAX breaking out from a 2-year base. U.S. (SPX) and Germany are our only two country overweights.


Remain Risk-On With Market Dynamics Improving; 6+ Month Base Breakouts for MSCI ACWI Ex-US and EAFE

Japan

Nintendo Co., Ltd. globally develops, manufactures and sells home-use video game hardware and software in home entertainment business.  The company also produces home-game products including cards.

Price Gauge
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Nintendo (7974 JP)

Japan Morning Connection: Markets Swing Back to Risk on Potential for Watered Down Tariffs

Potential for tarrif leniency and news on Full Self Driving sent Tesla higher, US homebuilders continue to struggle, Elliott's stake led Sumitomo...

Andrew Jackson

Japan Morning Connection: US Dip Buying for Tech Should See Dip Buying in Japan to Start.

Sandisk report on hiked NAND prices may cause peers Kioxia and Kokusai Elec to rally. Nintendo drops on excessive tarrif concerns. Sanken may have...

Andrew Jackson

Japan Strategy Weekly | The Entertainment Boom

Japanese equities fell this week, but Japan's entertainment stocks continue to surge amid a heating economy and rising bond yields.

Mark Chadwick

Remain Risk-On With Market Dynamics Improving; 6+ Month Base Breakouts for MSCI ACWI Ex-US and EAFE

Remain Risk-On With Market Dynamics Improving; 6+ Month Base Breakouts for MSCI $ACWI ex-US and $EAFE; U.S. Dollar $DXY and 10-Year Yields $TNX...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: Markets Swing Back to Risk on Potential for Watered Down Tariffs

​Potential for tarrif leniency and news on Full Self Driving sent Tesla higher, US homebuilders continue to struggle, Elliott's stake led Sumitomo...

Andrew Jackson

Japan Morning Connection: US Dip Buying for Tech Should See Dip Buying in Japan to Start.

​Sandisk report on hiked NAND prices may cause peers Kioxia and Kokusai Elec to rally. Nintendo drops on excessive tarrif concerns. Sanken may have...

Andrew Jackson

Japan Strategy Weekly | The Entertainment Boom

​Japanese equities fell this week, but Japan's entertainment stocks continue to surge amid a heating economy and rising bond yields.

Mark Chadwick

Japan Morning Connection: Big Capex Guidance from Alphabet a Positive for Semicap Related

​Palantir surges on continuing high demand for AI. Estee Lauder sets a bad tone for Shiseido and Kose. Will SMCI business update aid the struggling...

Andrew Jackson

Remain Risk-On With Market Dynamics Improving; 6+ Month Base Breakouts for MSCI ACWI Ex-US and EAFE

Remain Risk-On With Market Dynamics Improving; 6+ Month Base Breakouts for MSCI $ACWI ex-US and $EAFE; U.S. Dollar $DXY and 10-Year Yields $TNX...

Vermilion Research

Potential for tarrif leniency and news on Full Self Driving sent Tesla higher, US homebuilders continue to struggle, Elliott's stake led Sumitomo...

Sandisk report on hiked NAND prices may cause peers Kioxia and Kokusai Elec to rally. Nintendo drops on excessive tarrif concerns. Sanken may have...

Japanese equities fell this week, but Japan's entertainment stocks continue to surge amid a heating economy and rising bond yields.

Palantir surges on continuing high demand for AI. Estee Lauder sets a bad tone for Shiseido and Kose. Will SMCI business update aid the struggling...