In today’s briefing:
- Ohayo Japan | Stocks Surge; Japan’s Seven-Year Streak of Prosperity
- 2023 PC Unit Shipments Disappoint While Smartphone Fared Better Than Expected
- Maverick Charts & Markets – January 2024 Edition #14
- Private Brands in Japan: Getting Bigger – Literally
Ohayo Japan | Stocks Surge; Japan’s Seven-Year Streak of Prosperity
- Last week, stocks surged, propelling the S&P 500 and Dow Jones to record highs. Positive economic data and consumer sentiment overshadowed a decline in existing home sales.
- This week, CB meetings in the eurozone, Canada, and BoJ (Tues) will shape market expectations. US earnings will further contribute to a dynamic week.
- Japan’s equity market remains popular, but divergence from the PMI output index raises concerns of overheating. A flash PMI (Wed) report will provide insight into Japan’s growth conditions.
2023 PC Unit Shipments Disappoint While Smartphone Fared Better Than Expected
- For 2023, Smartphone unit shipments amounted to 1.17 billion units, a 3.2% YoY decline, far better than we expected at the beginning of last year.
- For 2023, PC unit shipments amounted to 241.8 million units, a 14.8% YoY decline, worse than expected. Last time annual shipments fell below 250 million units was in 2006.
- The weaker than anticipated PC TAM is a headwind for Intel heading into earnings and Q124 guidance on January 25
Maverick Charts & Markets – January 2024 Edition #14
- One would meet here people from all walks of life, interests, subject of study, leisure reading, university studying, work etc.
- One can meet a 20-year youngster that dropped from university and works 10-12h/a day on his app which already works very very well, to a 45-year chap that has been devoting his last 5 years to give Shakespeare a new novel interpretation … which makes me tell myself and my friends many times that our single focused interests, opinions, biases and views about the world might be quite narrow and 100,000 miles apart from somebodies else’s.
- It’s not about being ‘right’ or ‘wrong’, but about the fundamental aspect to remain open minded … .
Private Brands in Japan: Getting Bigger – Literally
- Private brands developed and managed by retailers themselves offer plenty of price and marketing flexibility during these inflationary times.
- But it is not only their popularity as cheaper alternatives that is growing, so too are pack sizes, as consumers increase shopping volume and reduce shopping trip frequency.
- The trend is another sign of why investors should look out for retailers with good private brands, given the impact on both sales and margin growth.
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