Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>Japanese markets saw Advantest and Nintendo poised for growth, with strategic moves impacting their stock performance.</li>
<li>The Bank of Japan maintained its policy, influencing the JGB curve and broader market.</li>
<li>Gold's favorable environment, driven by global monetary shifts, presents options market opportunities.</li>
</ul>


Japanese markets saw Advantest and Nintendo poised for growth, with strategic moves impacting their stock performance.
The Bank of Japan maintained its policy, influencing the JGB curve and broader market.
Gold's favorable environment, driven by global monetary shifts, presents options market opportunities.


Whirlwind Japan EOM October for Stocks, Advantest, Nidec, BoJ, Gold, and the Rest

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>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.</li>
<li>In our prior Int'l Compass (Oct. 16) we discussed how the pullback was testing the uptrend, and we were buyers; this worked out well with indexes back at all-time highs.</li>
<li>Taiwan, China, Korea, and the U.S. remain our only overweights, but India is becoming more attractive as well -- add selective exposure. Many buy ideas highlighted in these countries.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
In our prior Int'l Compass (Oct. 16) we discussed how the pullback was testing the uptrend, and we were buyers; this worked out well with indexes back at all-time highs.
Taiwan, China, Korea, and the U.S. remain our only overweights, but India is becoming more attractive as well -- add selective exposure. Many buy ideas highlighted in these countries.


India Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.

Japan Specialist

Mark Chadwick

Thematic (Sector/Industry)

<ul>
<li>
 For the week: Nikkei: +6.3% | TPX +1.9% | JPY 154.11 (+1.24¥)</li>
<li>
 Sectors: NFM +13%, Elec. Equip. +7%, IT &amp; Comm +4.5% | Paper -5%, Services -3%, Textiles -3%</li>
<li>
 Stocks: Ibiden +39%, Advantest +33%, SCSK +32%, Lasertec +31% | DMG -24%, Nidec -24%, SMS -16%</li>
</ul>



 For the week: Nikkei: +6.3% | TPX +1.9% | JPY 154.11 (+1.24¥)

 Sectors: NFM +13%, Elec. Equip. +7%, IT &amp; Comm +4.5% | Paper -5%, Services -3%, Textiles -3%

 Stocks: Ibiden +39%, Advantest +33%, SCSK +32%, Lasertec +31% | DMG -24%, Nidec -24%, SMS -16%


Japan Strategy Weekly | A Place in the Sun

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>Apple misses in China but its iPhone is nonetheless on track for its best quarter ever.</li>
<li>Western Digital highlights AI's insatiable demand for memory. Disco down but not out, while Lasertec looks too much.</li>
<li>Renesas closes -4% yesterday but comments that AI/data center demand is on the rise should help this re-bucket.</li>
</ul>


Apple misses in China but its iPhone is nonetheless on track for its best quarter ever.
Western Digital highlights AI's insatiable demand for memory. Disco down but not out, while Lasertec looks too much.
Renesas closes -4% yesterday but comments that AI/data center demand is on the rise should help this re-bucket.


Japan Morning Connection: Strong Mega-Tech Numbers AH Will Boost the Mood After Meta and MSFT Drag

<ul>
<li>Mega caps announcing bigger capex sends Microsoft and Meta down AH, but is another positive for semi-cap plays.</li>
<li>Disco numbers miss, but memory related shipment miss may be a matter of timing and expect management to say as much on call today</li>
<li>Blackwell for China will mean more upside for Ibiden, not that it needs any help after +25% in 2-days thanks to Nidec (and Nagamori's) demise.</li>
</ul>


Mega caps announcing bigger capex sends Microsoft and Meta down AH, but is another positive for semi-cap plays.
Disco numbers miss, but memory related shipment miss may be a matter of timing and expect management to say as much on call today
Blackwell for China will mean more upside for Ibiden, not that it needs any help after +25% in 2-days thanks to Nidec (and Nagamori's) demise.


Japan Morning Connection: Big Gains for Semi-Testers and Memory Sets Strong Tone (Again)

Japan

IBIDEN CO, LTD. develops, produces, and markets ceramics, housing materials, and electronics.  The Company's products include printed circuit boards (PCB), graphite specialties, integrated circuit (IC) packages, ceramic fibers, melamine decorative high-pressure laminates, and pre-cut structural materials.

Price Gauge
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Ibiden Co Ltd (4062 JP)

Whirlwind Japan EOM October for Stocks, Advantest, Nidec, BoJ, Gold, and the Rest

Whirlwind October Recap, Japan markets show growth potential for Advantest and Nintendo, Bank of Japan policy impacts JGB curve. Gold offers...

Jay Cameron

India Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.

India's $SENSEX Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.; Bullish Outlook Intact on $ACWI; Actionable...

Vermilion Research

Japan Strategy Weekly | A Place in the Sun

Stocks in the Japanese market saw significant gains this week, with sectors like NFM and Electronics leading the way. Ibiden, Advantest, and SCSK...

Mark Chadwick

Japan Morning Connection: Strong Mega-Tech Numbers AH Will Boost the Mood After Meta and MSFT Drag

Ibiden will start higher after numbers easily beat yesterday. Lasertec limit up but expected to fade today. Amazon numbers help quell concerns of...

Andrew Jackson

Japan Morning Connection: Big Gains for Semi-Testers and Memory Sets Strong Tone (Again)

Smaller tester names may have room for further upside after Teradyne and Advantest surged. Any excessive weakness for Disco should be an oportunity...

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Whirlwind Japan EOM October for Stocks, Advantest, Nidec, BoJ, Gold, and the Rest

​Whirlwind October Recap, Japan markets show growth potential for Advantest and Nintendo, Bank of Japan policy impacts JGB curve. Gold offers...

Jay Cameron

India Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.

India's $SENSEX Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.; Bullish Outlook Intact on $ACWI; Actionable...

Vermilion Research

Japan Strategy Weekly | A Place in the Sun

​Stocks in the Japanese market saw significant gains this week, with sectors like NFM and Electronics leading the way. Ibiden, Advantest, and SCSK...

Mark Chadwick

Japan Morning Connection: Strong Mega-Tech Numbers AH Will Boost the Mood After Meta and MSFT Drag

Ibiden will start higher after numbers easily beat yesterday. Lasertec limit up but expected to fade today. Amazon numbers help quell concerns of...

Andrew Jackson

Japan Morning Connection: Big Gains for Semi-Testers and Memory Sets Strong Tone (Again)

Smaller tester names may have room for further upside after Teradyne and Advantest surged. Any excessive weakness for Disco should be an oportunity...

Andrew Jackson

Whirlwind October Recap, Japan markets show growth potential for Advantest and Nintendo, Bank of Japan policy impacts JGB curve. Gold offers...

Stocks in the Japanese market saw significant gains this week, with sectors like NFM and Electronics leading the way. Ibiden, Advantest, and SCSK...