Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Yields soared after the poor set of jobs data causing home builders to jump. Watch Sumitomo Forestry and Shin Etsu for upside.</li>
<li>TEL's poor look for WFE sends semi cap tumbling, although Lam Research up as it likely takes market share.</li>
<li>Eastman -19% on poor numbers reflecting DOW's woes the week before as tariffs pose significant headwinds for the chemicals industry.</li>
</ul>


Yields soared after the poor set of jobs data causing home builders to jump. Watch Sumitomo Forestry and Shin Etsu for upside.
TEL's poor look for WFE sends semi cap tumbling, although Lam Research up as it likely takes market share.
Eastman -19% on poor numbers reflecting DOW's woes the week before as tariffs pose significant headwinds for the chemicals industry.


Japan Morning Connection: US Lower After Trump Temper Tantrum over Jobs and Increased Tariffs

<ul>
<li>Stargate delays hitting semi-caps, while Texas Instruments cautious tone hitting power-semi's after hours.</li>
<li>Medical tech solution names IQVIA and Medpace surge may aid M3.</li>
<li>DR Hortons's numbers beat sparking enormous short squeeze for Home Builders - Sumitomo Forestry to follow.</li>
</ul>


Stargate delays hitting semi-caps, while Texas Instruments cautious tone hitting power-semi's after hours.
Medical tech solution names IQVIA and Medpace surge may aid M3.
DR Hortons's numbers beat sparking enormous short squeeze for Home Builders - Sumitomo Forestry to follow.


Japan Morning Connection: Trump Announces 15% Tariffs on Japan but Details Remain Scarce

<ul>
<li>NVDA and AMD saving the market after weak banks earnings set a sour tone.</li>
<li>Chips news a big win for demand for Samsung memory which should play well for Micronics.</li>
<li>Apple cutting a manufacturing deal with MP Materials reiterates importance of rare earths access.</li>
</ul>


NVDA and AMD saving the market after weak banks earnings set a sour tone.
Chips news a big win for demand for Samsung memory which should play well for Micronics.
Apple cutting a manufacturing deal with MP Materials reiterates importance of rare earths access.


Japan Morning Connection: Only Tech in the Green After Dovish Stance Against AI Chips to China

<ul>
<li>KKR to sell a further 12.9% stake of Kokusai Elec, which sets the stage for big upside once dust settles.</li>
<li>Home builders surging with mortgage applications at the highest levels since early 2023.</li>
<li>Renewables up with AES and Bloom Energy posting big gains and JP names recently outperforming.</li>
</ul>


KKR to sell a further 12.9% stake of Kokusai Elec, which sets the stage for big upside once dust settles.
Home builders surging with mortgage applications at the highest levels since early 2023.
Renewables up with AES and Bloom Energy posting big gains and JP names recently outperforming.


Japan Morning Connection: Japan Set to Start Higher as Markets Look past Tariff Confusions

<ul>
<li>Homebuilders starting to stir, watch Sumitomo Forestry for upside squeeze potential.</li>
<li>Este Lauder continues to climb but JP names still languish as slow to react to changing trends.</li>
<li>Trump's brinkmanship continues as the 9th July tariff deadline looms.</li>
</ul>


Homebuilders starting to stir, watch Sumitomo Forestry for upside squeeze potential.
Este Lauder continues to climb but JP names still languish as slow to react to changing trends.
Trump's brinkmanship continues as the 9th July tariff deadline looms.


Japan Morning Connection: Big Pivot from Momo into Value Should See a Sharp Factor Rotation Today

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: US Lower After Trump Temper Tantrum over Jobs and Increased Tariffs

Home builders pushed higher by treasuries and yields, poor numbers from TEL send SPE down, numbers from Eastman send chemical related lower.

Andrew Jackson

Japan Morning Connection: Trump Announces 15% Tariffs on Japan but Details Remain Scarce

Tech risk off with delays for Stargate. Texas Instruments cautious tone affects power-semi's. M3 may benefit from Medspace surge. DR Horton's beat...

Andrew Jackson

Japan Morning Connection: Only Tech in the Green After Dovish Stance Against AI Chips to China

AI ecosystem given a lift by the US softening their stance on trade with China. Other sectors in the red after mixed earnings from banks...

Andrew Jackson

Japan Morning Connection: Japan Set to Start Higher as Markets Look past Tariff Confusions

US homebuilders surging after positive data last week on home mortgage applications. Watch the JP renewables after the better than expected outcome...

Andrew Jackson

Japan Morning Connection: Big Pivot from Momo into Value Should See a Sharp Factor Rotation Today

Homebuilders show potential for upside as market rotates; watch big momentum winners for downside. Este Lauder climbs while JP names lag behind.

Andrew Jackson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Morning Connection: US Lower After Trump Temper Tantrum over Jobs and Increased Tariffs

Home builders pushed higher by treasuries and yields, poor numbers from TEL send SPE down, numbers from Eastman send chemical related lower.

Andrew Jackson

Japan Morning Connection: Trump Announces 15% Tariffs on Japan but Details Remain Scarce

Tech risk off with delays for Stargate. Texas Instruments cautious tone affects power-semi's. M3 may benefit from Medspace surge. DR Horton's beat...

Andrew Jackson

Japan Morning Connection: Only Tech in the Green After Dovish Stance Against AI Chips to China

AI ecosystem given a lift by the US softening their stance on trade with China. Other sectors in the red after mixed earnings from banks...

Andrew Jackson

Japan Morning Connection: Japan Set to Start Higher as Markets Look past Tariff Confusions

US homebuilders surging after positive data last week on home mortgage applications. Watch the JP renewables after the better than expected outcome...

Andrew Jackson

Japan Morning Connection: Big Pivot from Momo into Value Should See a Sharp Factor Rotation Today

​Homebuilders show potential for upside as market rotates; watch big momentum winners for downside. Este Lauder climbs while JP names lag behind.

Andrew Jackson

Homebuilders show potential for upside as market rotates; watch big momentum winners for downside. Este Lauder climbs while JP names lag behind.