Daily BriefsThematic (Sector/Industry)

Daily Brief Thematic (Sector/Industry): Good Morning Japan |4 /5 as SPX Weekly Wins Continue;Blow Out NFP Report ! BoJ’s Amamiya “THE ONE” ? and more

In today’s briefing:

  • Good Morning Japan |4 /5 as SPX Weekly Wins Continue;Blow Out NFP Report ! BoJ’s Amamiya “THE ONE” ?
  • China A-Share Consumer Staples: Good Outperformance
  • Macau Gaming Stocks Up, but Bigger Gains Ahead as Tailwinds Forming Faster than Official Forecast
  • The Innovations Portfolio – Week Eleven

Good Morning Japan |4 /5 as SPX Weekly Wins Continue;Blow Out NFP Report ! BoJ’s Amamiya “THE ONE” ?

By Mark Chadwick

  • OVERSEAS.  SPX Caps another winning week – now 4/5 for the year;  Blow out Jobs report but Wages slowing – Goldilocks ? Powell speaks this week as DIS, UBER report.
  • JAPAN.  NKY Futs +0.4% vs Cash; Yen weakens to 132 handle as Amimiya forerunner for BOJ Governor;  Inbound resurgence reflecting in skyrocketing hotel rates;  Earnings this week – Watch Softbank
  • DAILY NUGGETS. NO ROCKING OF THE BOAT – BOJ Deputy Amamiya is set to take the mantle of leadership at the BOJ.

China A-Share Consumer Staples: Good Outperformance

By Osbert Tang, CFA


Macau Gaming Stocks Up, but Bigger Gains Ahead as Tailwinds Forming Faster than Official Forecast

By Howard J Klein

  • January’s big beat in Macau GGR indicative of our bull scenario call for a US$18b 2023 GGR.
  • Despite recent upside moves, we continue to believe Macau-centric stocks present a solid entry point level at this time.
  • The sector remains oversold as forward EBITDA estimates do not entirely bake in what we believe are continuing strong catalysts for the sector.

The Innovations Portfolio – Week Eleven

By Pyari Menon

  • The three companies we write about this week are Thermo Fisher Scientific Inc (TMO US), Ford Motor Co (F US) and Sonoco Products Co (SON US) 
  • For the eleven weeks since inception ended 3 Feb the combined innovation portfolio was +4.6%, versus DJIA +.5%, S&P500 +4.3%, Nasdaq +7.7%, Russell2000 +7.3%, MSCI-ACWI-ETF +5.7%, all in US$ terms
  • Ironically or aptly it was at “China Lake” in California that the infrared technology in the AIM-9X Sidewinder missile that brought down the “spy/weather” balloon was developed.

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