Latest news with #DaiwaCapitalMarkets
CNBC
5 days ago
- Business
- CNBC
Nvidia is 'back in the driver's seat' after latest earnings, Daiwa says
Nvidia could have more room to run, according to Daiwa Capital Markets. The firm raised its price target on the chipmaker to $165 per share from $115 and reiterated its outperform rating. Daiwa's forecast calls for about 16% upside from Wednesday's close. Analyst Louis Miscioscia said in a Wednesday note that Nvidia is "back in the driver's seat." He lauded the company's first-quarter results released last week . He also noted that the company has multiple growth drivers that underpin his optimistic view — including robust inference demand from Microsoft, OpenAI and Google, which could signal a growing appetite for Nvidia chips. NVDA YTD mountain Nvidia stock in 2025. "We are back in a rally phase given good quarterly growth and the same expectation for 2025," Miscioscia said. "CEO [Jensen] Huang suggests that AI demand is accelerating with many more areas to grow into. We expect material details about this at the Paris GTC starting on Wednesday 6/11. Our conclusion remains that AI is a huge tech trend, bigger than world changing events like the PC, smartphone, Internet, etc., thus there is more to come." "The Blackwell ramp is going very well," Miscioscia said of Nvidia's key AI chip. Gross margins "should get back to the mid 70's later this year." Shares have gained about 6% in 2025, but they've been under pressure at times this year from tariffs and the emergence of DeepSeek. Analysts are mostly bullish on Nvidia. Of the 65 who cover the stock, 59 rate it a buy or strong buy, according to LSEG. The average price target also points to nearly 23% upside.
Business Recorder
03-06-2025
- Automotive
- Business Recorder
China, HK shares rise as banks and carmakers rally; trade talks in focus
HONG KONG: China and Hong Kong shares edged up on Tuesday, as banking stocks hit record highs and automakers rebounded, though investors remained cautious ahead of key developments later in the week. At the close, China's blue-chip CSI300 index gained 0.3%, while the Shanghai Composite index advanced 0.4%, both recovering from earlier losses. Banking stocks led onshore markets higher, with the CSI Banks Index rallying 2% to a record high. Chip stocks also strengthened, with the CSI Semiconductor Index adding 1.4%. In Hong Kong, the Hang Seng China Enterprises Index tracking mainland companies rose 1.9% to bounce back from a one-month low. The city's benchmark Hang Seng Index added 1.5%. Car makers listed in the city bounced, taking a breather from the recent sell-off triggered by a price war at home. The Hang Seng Automobile Index jumped 2.4%, with Li Auto surging 5.8% and BYD climbing 3.9%. On the data front, China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower. HK-listed Chinese shares near one-month low, offshore yuan weakens on tariff concerns U.S. President Donald Trump and Chinese leader Xi Jinping will likely speak this week, White House press secretary Karoline Leavitt said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions. 'A likely return of market volatility in June' is expected due to tariff policy uncertainties and lingering fundamental headwinds seen in macroeconomic data, according to a China equity strategist at Daiwa Capital Markets Hong Kong. 'We reiterate our cautious market views as a market rebound since mid-April may have already factored in a 'good outcome' of the trade war,' he wrote in a note.
Business Recorder
03-06-2025
- Automotive
- Business Recorder
China, HK shares rise as banks and carmakers rally; trade talks eyed
HONG KONG: China and Hong Kong shares edged up on Tuesday as banking stocks hit record highs and automakers rebounded though investors remained cautious ahead of key developments later in the week. At the midday break, China's blue-chip CSI300 index and the Shanghai Composite index both advanced 0.5% to recover from losses in the opening hour. Banking stocks led onshore markets higher, with the CSI Banks Index rallying 2.3% to a record high. Chip stocks also strengthened, with the CSI Semiconductor Index adding 1.8%. In Hong Kong, the Hang Seng China Enterprises Index tracking mainland companies rose 1.3% to bounce back from a one-month low. The city's benchmark Hang Seng Index added 1.1%. Car makers listed in the city bounced, taking a breather from the recent sell-off triggered by a price war at home. The Hang Seng Automobile Index jumped 1.8%, with Li Auto surging 6.5% and BYD climbing 1.7%. HK-listed Chinese shares near one-month low, offshore yuan weakens on tariff concerns On the data front, China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower. President Donald Trump and Chinese leader Xi Jinping will likely speak this week, White House press secretary Karoline Leavitt said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions. 'A likely return of market volatility in June' is expected due to tariff policy uncertainties and lingering fundamental headwinds seen in macroeconomic data, according to a China equity strategist at Daiwa Capital Markets Hong Kong. 'We reiterate our cautious market views as a market rebound since mid-April may have already factored in a 'good outcome' of the trade war,' he wrote in a note.
Yahoo
15-05-2025
- Business
- Yahoo
US mortgage rates, 401(k) contributions, retailers: Wealth
Wealth host Brad Smith watches the morning market moves while speaking to a variety of Wall Street and personal finance experts. Walton Global EVP Katie Hubbard comes on Wealth to discuss fresh data pertaining to homebuilder confidence and the strength of the US housing market. Oakland Consulting Group Inc. CEO Cedric Nash also joins the program to talk about the best methods to maximize your 401(k) contributions. Daiwa Capital Markets chief US economist Lawrence Werther explains what US retailers and consumer prices are indicating about the health of the US economy as inflation shows signs of easing, according to April data. To watch more expert insights and analysis on the latest market action, check out more Wealth here.
Zawya
08-04-2025
- Business
- Zawya
World stocks recover from a beating but the mood is fragile
World markets won a reprieve on Tuesday after three days of heavy selling that wiped trillions of dollars off the value of shares, but caution prevailed with focus on whether Washington might be willing to negotiate on some of its aggressive tariffs. Asia stocks bounced off 1-1/2 year lows, European shares rallied over 1.5% and U.S. stock futures pointed to a positive open for Wall Street where shares had fallen to their lowest in over a year on Monday before steadying. U.S. 10-year Treasury yields also steadied after posting their biggest one-day jump in a year on Monday and the dollar, which has taken a beating from the tariff turmoil, remained weak against other major currencies. "The mood is a little brighter, at least if you are looking at certain markets such as Japan which might be a priority for trade deal, but there is lots of uncertainty," said Chris Scicluna, head of economic research at Daiwa Capital Markets in London. "Markets could continue to be extremely volatile." Japan's blue-chip Nikkei stock index closed 6% higher, with Treasury Secretary Scott Bessent tasked with leading trade negotiations with Tokyo, viewed as a positive sign. In Europe, shares rose from 14-month lows and markets in London, Paris and Frankfurt were up more than 1% each, while oil was a touch firmer but kept Monday's four-year lows in sight. "Importantly, a little ray of sunshine is starting to emerge that gives hope that the U.S. is genuinely open to trade negotiations, (with) the most significant being Japan with Treasury Secretary Bessent," said Tapas Strickland, head of market economics at National Australia Bank. FRAGILE But less than a week since U.S. President Donald Trump unleashed sweeping tariffs that sent world markets into a tailspin, the mood remained fragile. The VIX stocks volatility index, often referred to as Wall Street's fear gauge, remained elevated at around 42 points -- albeit below Monday's peak just above 60. China's markets rose only modestly after the country's sovereign wealth funds stepped in to buy shares. Chip-export-dependent Taiwan's benchmark tumbled 4%, a day after suffering its worst fall on record. Thai stocks dropped nearly 5% in catch-up selling from a holiday on Monday, while Indonesia returned from a week-long holiday to 8% losses. The Chinese yuan fell to 7.3595 per dollar in the offshore market, the weakest in two months, before rebounding to be slightly stronger than Monday's close at 7.3393. The heightened uncertainty in markets wasn't helped by shifting headlines on trade as investors looked for respite from the sharp market volatility. "The impulsive nature of the administration means that market participants may still lack much conviction," said Marc Chandler, chief market strategist at Bannockburn Capital Markets. Trump also dug in his heels over China, vowing additional 50% levies if Beijing does not withdraw retaliatory tariffs on the United States. Beijing said on Tuesday it will never accept the "blackmail nature" of U.S. tariff threats. The European Commission said on Monday it had offered a "zero-for-zero" tariff deal to avert a trade war with the United States as EU ministers agreed to prioritise negotiations, while also striking back with 25% tariffs on some U.S. imports. DOLLAR FRAIL And in one sign of lingering unease, the dollar - often a safe-haven at times of uncertainty - softened around 0.2% against a basket of other currencies. The dollar eased 0.6% to 146.91. The euro firmed 0.2% to $1.0923, sterling also climbed a fifth of a percent, trading at $1.2749. The 10-year Treasury yield was lower in London trade after jumping some 17 bps on Monday as it bounced from six-month lows. Analysts said a number of reasons may have explained that sharp rise in U.S. bond yields including investors selling their most liquid assets to make up for falls elsewhere. On Tuesday, Japanese government bond yields rose off their own multi-month lows, with the 10-year yield rising almost 16 bps to 1.27%. Gold added almost 1% to $3,010 per ounce, although it was still well back from last Thursday's record peak at $3,167.57, reached in the immediate aftermath of Trump's "Liberation Day" tariff announcement. Brent crude futures were just 0.2% firmer at $64.35 per barrel, and U.S. West Texas Intermediate crude futures rose 0.3% to $60.89.
