In today’s briefing:
- Weekly Wrap – 25 Aug 2023
- Key Supports Holding Strong; 10-Year Treasury Yield Below Key Resistance; Buys in Non-Defensives
- Geniee (6562 JP) – Staying on Course to Maintain Long-Term Growth
Weekly Wrap – 25 Aug 2023
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
and more…
Key Supports Holding Strong; 10-Year Treasury Yield Below Key Resistance; Buys in Non-Defensives
- Last week (Aug. 18) we discussed the 10-year Treasury yield and DXY testing respective resistance (4.3%-4.35% and $103.50-$103.70).
- As long as no decisive breakouts in the 10-year yield or DXY, we were buyers on the pullback to $93 on MSCI ACWI (ACWI-US).
- Outside of our overweight countries (Japan, India, Taiwan, Greece), defensive Sectors continue to lag. We highlight buys in Technology, Services, Consumer Discretionary, Industrials, Materials/Energy, and Financials.
Geniee (6562 JP) – Staying on Course to Maintain Long-Term Growth
- Strong start to the year – Geniee demonstrated solids ales in Q1 FY3/2024 of 22.3% YoY.
- Despite the market downturn in the advertising platform business, progress made in expanding into untapped markets led to a gross profit growth YoY.
- The Marketing SaaS business has been progressing in acquiring customers in the enterprise sector and revenue steadily increased 55.2% YoY.
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