In today’s briefing:
- Graphene. Wonder Material Or Hype Magnet?
- Japan Morning Connection: Oil Through $80 While P&C Take a Hit on Hurricane Milton
- Ohayo Japan | Stocks Tumble on High Oil Prices
- US Banks – Strong Weekly Balance Sheet Figures for Loans, Loan Loss Reserves and Time Deposits
- Biopharma Week in Review – October 7, 2024
- Furniture/Furnishings Weekly – October 7, 2024
Graphene. Wonder Material Or Hype Magnet?
- Two decades ago, graphene hit the headlines after two professors at University of Manchester managed to isolate a slice of the just one-atom thick substance using scotch tape
- Marketed as being 200 times stronger than steel, graphene rapidly gained “wonder material” status and spawned a tidal wave of graphene based products, companies and investment opportunities
- At least four “Graphene” companies listed on London’s AIM, collectively once worth north of $1 billion, have either delisted or been reduced to penny stock status.
Japan Morning Connection: Oil Through $80 While P&C Take a Hit on Hurricane Milton
- Server related names higher after some big sales numbers and new product launches from SMCI should be a positive for Nidec
- Watch for P&C weakness in Japan following losses for peers overnight as Hurricane Milton intensifies as it approaches the Florida coast line
- Oil back above $80 will continue to push related names higher; possible refiner pair with 4 days of TPX FFW selling for recent outperformer Idemitsu
Ohayo Japan | Stocks Tumble on High Oil Prices
- U.S. stocks declined on Monday as Treasury yields hit multi-month highs and oil prices surged
- Essilor Luxottica, the global eyewear giant behind Ray-Ban, has acquired a 5.10% stake in Nikon
- Tokyo Metro announced IPO preliminary share pricing of 1,100-1,200 yen, with final pricing to be determined through book-building from July 8-11
US Banks – Strong Weekly Balance Sheet Figures for Loans, Loan Loss Reserves and Time Deposits
- Weekly HFD for large US banks are turning positive in several areas, making the mosaic even stronger than if just as single series were improving
- Loan growth for the largest US banks is now positive even if low, but moving from a negative rate of growth, the trajectory is a steady improvement
- Loan loss reserves growth is lowering, suggesting bettering LGD and PD while large time deposit growth is down substantially, improving liquidity risk (which can impact credit)
Biopharma Week in Review – October 7, 2024
- We review last week’s biopharma news for meaningful clinical data, regulatory updates, research innovation, and M&A.
- Last week, HIMS and unapproved GLP-1 sellers (LFMD) were put on notice by the FDA.
- KZR’s study was stopped and placed on clinical hold, but the stock rose.
Furniture/Furnishings Weekly – October 7, 2024
- A mixed week for furniture and furnishings stocks as technology stocks once again drive the market.
- The Water Tower Research Commercial/Contract Furniture Index (-1.7%) and Home Goods Retailers Index (-3.9%) were both down for the week, while the Residential Manufacturers & Suppliers Index (+1.2%) was up.
- The Mass Retailers Index was basically flat (+0.1%), while the three major indexes were all down modestly, with the S&P 500 and DJ30 both down (-0.2%) and the R2K down (-0.8%).
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