Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Numbers from PulteGroup pointing to a nascent bottoming sends builders higher.</li>
<li>Texas Instruments down afterhours will weigh on Rohm, Fuji Elec, Renesas etc, but this may be short lived.</li>
<li>Can Davinci success in the US be a positive read for Sysmex's Hinotori with the stock on its knees?</li>
</ul>


Numbers from PulteGroup pointing to a nascent bottoming sends builders higher.
Texas Instruments down afterhours will weigh on Rohm, Fuji Elec, Renesas etc, but this may be short lived.
Can Davinci success in the US be a positive read for Sysmex's Hinotori with the stock on its knees?


Japan Morning Connection: So Far Takaichi as PM Is Turning Out to Be a Sell the Fact Moment

<ul>
<li>Markets buoyant elsewhere but tech, although Trump threat to Chinese cooking oil dented  sentiment somewhat.</li>
<li>Japan had a big tech puke yesterday afternoon which may have been catch up to Monday holiday, may see less downside than tape suggests to start.</li>
<li>Japan's fledgling opposition coalition looks unlikely to get too far given wide policy differences, likely Takaichi still PM.</li>
</ul>


Markets buoyant elsewhere but tech, although Trump threat to Chinese cooking oil dented  sentiment somewhat.
Japan had a big tech puke yesterday afternoon which may have been catch up to Monday holiday, may see less downside than tape suggests to start.
Japan's fledgling opposition coalition looks unlikely to get too far given wide policy differences, likely Takaichi still PM.


Japan Morning Connection: Calls that AI Stocks Are in a Bubble Seems to Be Heard (For Now)

<ul>
<li>Kokusai Electric deal yesterday with AMAT selling a 10.7m clip is a mere morsel for the market and helps clear overhead risk.</li>
<li>This creates a good setup for long Kokusai short Advantest which should see some reticence creep in as it hits the NKY CPAF cap.</li>
<li>Trump is trying to force homebuilders to build more as a panacea for the housing affordability crisis. Not good for margins.</li>
</ul>


Kokusai Electric deal yesterday with AMAT selling a 10.7m clip is a mere morsel for the market and helps clear overhead risk.
This creates a good setup for long Kokusai short Advantest which should see some reticence creep in as it hits the NKY CPAF cap.
Trump is trying to force homebuilders to build more as a panacea for the housing affordability crisis. Not good for margins.


Japan Morning Connection: Intel Announces Its Long Awaited 18A Process

<ul>
<li>Lawmakers accuse semi-caps for helping make China make chips. What else would their equipment do?</li>
<li>HDD names swoon yet pure play Sandisk stays firm. Wafers down after small-cap Aehr somehow rattles markets.</li>
<li>Mixed tape for Homebuilders with James Hardie surging on numbers while rest of sector sags on a downgrade.</li>
</ul>


Lawmakers accuse semi-caps for helping make China make chips. What else would their equipment do?
HDD names swoon yet pure play Sandisk stays firm. Wafers down after small-cap Aehr somehow rattles markets.
Mixed tape for Homebuilders with James Hardie surging on numbers while rest of sector sags on a downgrade.


Japan Morning Connection: Semi's Correct Finally, but Already Seeing Dip Buying off Lows Overnight

<ul>
<li>ADP jobs paints a rosy picture for rate cuts despite the lack of official data this Friday.</li>
<li>Memory melted higher again, while INTC lines up AMD as a potential Fab customer.</li>
<li>Softbank will jump after Qualcomm announced use of ARM v9 in its latest PC and smartphone chips.</li>
</ul>


ADP jobs paints a rosy picture for rate cuts despite the lack of official data this Friday.
Memory melted higher again, while INTC lines up AMD as a potential Fab customer.
Softbank will jump after Qualcomm announced use of ARM v9 in its latest PC and smartphone chips.


Japan Morning Connection: No Hoots Given as Market Beelines for Hyper Risk-On as Govt. Shuts Down

Japan

Sumitomo Forestry Co., Ltd. sells lumber and wood-related construction materials.  The Company constructs and markets a variety of homes, including custom-built wooden houses, and also manufactures and distributes high-value added wood-based products.  Sumitomo Forestry also maintains a significant amount of Japan's forests.

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Sumitomo Forestry (1911 JP)

Japan Morning Connection: So Far Takaichi as PM Is Turning Out to Be a Sell the Fact Moment

Power and analog semi's may take a hit after Texas Instruments fell after hours. May be a buy the dip opportunity for Rohm, Fuji Elec and Renesas....

Andrew Jackson

Japan Morning Connection: Calls that AI Stocks Are in a Bubble Seems to Be Heard (For Now)

Memory names gave up their gains. US homebuilders rebounded overnight, a positive for Sumitomo Forestry. The market was not impressed by Intel's...

Andrew Jackson

Japan Morning Connection: Intel Announces Its Long Awaited 18A Process

Intel's 18A process lauded as the most advanced chip production technology developed in the US. Wolfspeed continues higher on the rumour that the...

Andrew Jackson

Japan Morning Connection: Semi's Correct Finally, but Already Seeing Dip Buying off Lows Overnight

Advantest may emerge as an SPE sector relative short. May be a chance to double dip on wafer companies after a US wafer testing firm dropped 17.4%.

Andrew Jackson

Japan Morning Connection: No Hoots Given as Market Beelines for Hyper Risk-On as Govt. Shuts Down

Expect the squeeze for pharma to continue off the open. Dell's jump up may help the likes of Fujitsu and NEC. Lam Research sets a more positive...

Andrew Jackson

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