Reiterated Neutral X

AAPL Apple

Nomura

$175 $180

Reiterated Neutral X

AAPL Apple

Nomura

$210 $215

Initiated Neutral X

ADI Analog Devices

Nomura

$90

Initiated Neutral X

AGNC AGNC Investment

Nomura

Downgrades Buy Neutral X

ALB Albemarle

Nomura

Initiated Neutral X

ALLY Ally Financial

Nomura

$28

Initiated Neutral X

AMAT Applied Materials

Nomura

$40

Initiated Buy X

AMD Advanced Micro

Nomura

Reiterated Buy X

AMZN Amazon

Nomura

$1360 $1700

Upgrades Neutral Buy X

ANET Arista Networks

Nomura

Reiterated Neutral X

ANF Abercrombie & Fitch

Nomura

$17 $19

Upgrades Neutral Buy X

API Agora

Nomura

$11 $10

Initiated Buy X

API Agora

Nomura

$70

Initiated Neutral X

APTV Aptiv

Nomura

Initiated Buy X

ARGX argenx

Nomura

$161

Downgrades Buy Neutral X

ARMK Aramark

Nomura

$46 $28

Initiated Neutral X

ARR ARMOUR Residential REIT

Nomura

Initiated Buy X

ATUS Altice USA

Nomura

$25

Initiated Neutral X

ATVI Activision Blizzard

Nomura

$49

Upgrades Neutral Buy X

AVGO Broadcom

Nomura

Downgrades Buy Neutral X

AVGO Broadcom

Nomura

Downgrades Buy Neutral X

AWI Armstrong World Industries

Nomura

Upgrades Neutral Buy X

AXP American Express

Nomura

Reiterated Buy X

BABA Alibaba

Nomura

$200 $205

Reiterated Buy X

BABA Alibaba

Nomura

$224 $202

Downgrades Buy Neutral X

BIDU Baidu

Nomura

Upgrades Neutral Buy X

BIDU Baidu

Nomura

$145

Upgrades Neutral Buy X

BILI Bilibili

Nomura

$18

Downgrades Buy Neutral X

BILI Bilibili

Nomura

Upgrades Neutral Buy X

BILI Bilibili

Nomura

$143 $156

Initiated Buy X

BJ BJ’s Wholesale

Nomura

$29

Downgrades Buy Neutral X

BLD TopBuild

Nomura

$90 $85

Initiated Buy X

BV BrightView

Nomura

$27

Downgrades Buy Neutral X

BWA BorgWarner

Nomura

$44

Downgrades Buy Neutral X

CCL Carnival

Nomura

Downgrades Buy Neutral X

CHA China Telecom

Nomura

Downgrades Buy Neutral X

CHL China Mobile

Nomura

Initiated Neutral X

CHTR Charter Comm

Nomura

Initiated Neutral X

CHWY Chewy

Nomura

$36

Initiated Buy X

CIM Chimera Investment

Nomura

Upgrades Reduce Buy X

CLDR Cloudera

Nomura

Initiated Reduce X

CLDR Cloudera

Nomura

$12

Downgrades Buy Neutral X

CMA Comerica

Nomura

Downgrades Buy Neutral X

CMCM Cheetah Mobile

Nomura

Downgrades Buy Neutral X

COF Capital One

Nomura

Downgrades Buy Neutral X

COMM Commscope

Nomura

Initiated Neutral X

COST Costco

Nomura

Upgrades Neutral Buy X

COWN Cowen Group

Nomura

Initiated Neutral X

CRTO Criteo

Nomura

Downgrades Buy Neutral X

CSCO Cisco Systems

Nomura

Upgrades Neutral Buy X

CSCO Cisco Systems

Nomura

Initiated Neutral X

CTVA Corteva

Nomura

$28

Downgrades Buy Neutral X

CZR Caesars Entertainment

Nomura

$12

Upgrades Neutral Buy X

CZR Caesars Entertainment

Nomura

Upgrades Reduce Neutral X

DBX Dropbox

Nomura

Initiated Reduce X

DBX Dropbox

Nomura

$21

Upgrades Neutral Buy X

DOW Dow

Nomura

$62 $69

Initiated Neutral X

DOW Dow

Nomura

$62

Upgrades Neutral Buy X

DQ Daqo New Energy

Nomura

$45

Downgrades Buy Neutral X

DWDP DowDuPont

Nomura

$76

Initiated Buy X

DX Dynex Capital

Nomura

Initiated Buy X

EA Electronic Arts

Nomura

$120

Upgrades Neutral Buy X

EMN Eastman Chemical

Nomura

$89 $93

Initiated Neutral X

ERI Eldorado Resorts

Nomura

$47

Downgrades Neutral Reduce X

F Ford Motor

Nomura

Downgrades Neutral Reduce X

F Ford Motor

Nomura

$8.20 $7.50

Upgrades Neutral Buy X

FB Facebook

Nomura

$172 $215

Reiterated Neutral X

FB Facebook

Nomura

$148 $172

Downgrades Buy Neutral X

FB Facebook

Nomura

$228 $183

Initiated Buy X

FB Facebook

Nomura

Initiated Neutral X

FCAU Fiat Chrysler

Nomura

Initiated Neutral X

FCAU Fiat Chrysler

Nomura

Initiated Buy X

FEYE FireEye

Nomura

$16

Upgrades Neutral Buy X

FFIV F5 Networks

Nomura

$155 $180

Initiated Buy X

FINV FinVolution Group

Nomura

Upgrades Reduce Neutral X

FITB Fifth Third

Nomura

Downgrades Neutral Reduce X

FITB Fifth Third

Nomura

Downgrades Buy Neutral X

GDS GDS Holdings

Nomura

Downgrades Neutral Reduce X

GM General Motors

Nomura

Downgrades Buy Neutral X

GM General Motors

Nomura

$66 $56

Upgrades Neutral Buy X

GM General Motors

Nomura

$27 $60

Reiterated Neutral X

GM General Motors

Nomura

$46 $45

Downgrades Buy Neutral X

GMS GMS

Nomura

$27 $20

Initiated Buy X

GMS GMS

Nomura

$40

Downgrades Buy Neutral X

GOLF Acushnet

Nomura

Initiated Buy X

GOOGL Alphabet A

Nomura

Downgrades Buy Neutral X

GT Goodyear Tire

Nomura

$17

Upgrades Neutral Buy X

GT Goodyear Tire

Nomura

$15 $15.30

Downgrades Neutral Reduce X

GT Goodyear Tire

Nomura

$10 $7

Downgrades Buy Neutral X

HBAN Huntington Banc

Nomura

Upgrades Neutral Buy X

HDB HDFC Bank

Nomura

Downgrades Buy Neutral X

HDB HDFC Bank

Nomura

Initiated Buy X

HDP Hortonworks

Nomura

$26

Downgrades Buy Neutral X

HIMX Himax Tech

Nomura

$11

Upgrades Neutral Buy X

HIMX Himax Tech

Nomura

Downgrades Buy Neutral X

HMC Honda Motor

Nomura

Upgrades Neutral Buy X

HMC Honda Motor

Nomura

Initiated Neutral X

HPE Hewlett Packard Enterprise

Nomura

$16

Upgrades Neutral Buy X

HUN Huntsman

Nomura

$26 $30

Downgrades Buy Neutral X

HUN Huntsman

Nomura

Downgrades Buy Neutral X

IBP Installed Building Products

Nomura

$54 $50

Initiated Buy X

IBP Installed Building Products

Nomura

$77

Downgrades Buy Neutral X

INFN Infinera

Nomura

Downgrades Neutral Reduce X

INFY Infosys

Nomura

Upgrades Reduce Neutral X

INFY Infosys

Nomura

Initiated Buy X

INTC Intel

Nomura

Reiterated Buy X

INTC Intel

Nomura

$50 $55

Upgrades Neutral Buy X

INTC Intel

Nomura

Downgrades Buy Neutral X

INTC Intel

Nomura

Reiterated Buy X

INTC Intel

Nomura

$50 $60

Upgrades Neutral Buy X

JD JD.com

Nomura

Downgrades Buy Neutral X

JD JD.com

Nomura

Upgrades Neutral Buy X

JNPR Juniper Networks

Nomura

Downgrades Buy Neutral X

KC Kingsoft Cloud

Nomura

Upgrades Neutral Buy X

KC Kingsoft Cloud

Nomura

$2.30 $6.70

Downgrades Buy Neutral X

KEP Korea Electric Power Corp

Nomura

Upgrades Neutral Buy X

KEP Korea Electric Power Corp

Nomura

Upgrades Reduce Neutral X

KEY KeyCorp

Nomura

$16

Downgrades Neutral Reduce X

KEY KeyCorp

Nomura

Downgrades Buy Neutral X

KEY KeyCorp

Nomura

Downgrades Buy Neutral X

KT KT (Korean Telco)

Nomura

Downgrades Buy Neutral X

LFC China Life Insurance

Nomura

Upgrades Neutral Buy X

LFC China Life Insurance

Nomura

Upgrades Reduce Neutral X

LFC China Life Insurance

Nomura

Initiated Buy X

LI Li Auto

Nomura

$43.40

Downgrades Buy Neutral X

LTHM Livent

Nomura

Initiated Buy X

LTHM Livent

Nomura

Downgrades Buy Neutral X

LULU lululemon athletica

Nomura

$140 $157

Reiterated Buy X

LULU lululemon athletica

Nomura

$90 $120

Downgrades Buy Neutral X

LYB LyondellBasell

Nomura

$107 $93

Upgrades Neutral Buy X

LYB LyondellBasell

Nomura

$87 $113

Upgrades Reduce Neutral X

LYFT Lyft

Nomura

Downgrades Neutral Reduce X

LYFT Lyft

Nomura

$11.70 $13

Downgrades Neutral Reduce X

MDB MongoDB

Nomura

Reiterated Neutral X

MDB MongoDB

Nomura

$40 $43

Initiated Buy X

MITO Stealth BioTherapeutics

Nomura

$23

Initiated Buy X

MLM Martin Marietta

Nomura

$220

Upgrades Neutral Buy X

MMYT MakeMyTrip

Nomura

Upgrades Reduce Neutral X

MMYT MakeMyTrip

Nomura

Reiterated Buy X

MSFT Microsoft

Nomura

$115 $113

Reiterated Neutral X

MTCH Match Group

Nomura

$62 $81

Downgrades Buy Neutral X

MTCH Match Group

Nomura

$48

Initiated Neutral X

MU Micron

Nomura

$45

Reiterated Neutral X

NFLX Netflix

Nomura

$300 $320

Initiated Neutral X

NFLX Netflix

Nomura

Downgrades Buy Neutral X

NIO NIO

Nomura

$25.80 $7.50

Initiated Buy X

NIO NIO

Nomura

$80.30

Initiated Buy X

NLY Annaly Capital Mgmt

Nomura

Upgrades Neutral Buy X

NOAH Noah Holdings

Nomura

Downgrades Buy Neutral X

NOAH Noah Holdings

Nomura

$50.18

Upgrades Neutral Buy X

NOAH Noah Holdings

Nomura

Initiated Neutral X

NVDA NVIDIA

Nomura

Upgrades Neutral Buy X

NXPI NXP Semi

Nomura

Initiated Buy X

NYMT New York Mortgage Trust

Nomura

Downgrades Buy Neutral X

OC Owens Corning

Nomura

$70 $48

Upgrades Neutral Buy X

OC Owens Corning

Nomura

Upgrades Reduce Neutral X

OLN Olin

Nomura

$22 $25

Downgrades Neutral Reduce X

OLN Olin

Nomura

Downgrades Buy Neutral X

OLN Olin

Nomura

Downgrades Buy Reduce X

ORCL Oracle

Nomura

$53 $42

Initiated Buy X

OSW OneSpaWorld

Nomura

$15.50

Initiated Neutral X

P Pandora Media

Nomura

Downgrades Buy Neutral X

PDD Pinduoduo

Nomura

$95 $48

Upgrades Neutral Buy X

PENN Penn Natl Gaming

Nomura

Upgrades Neutral Buy X

PHI PLDT

Nomura

Initiated Buy X

PINS Pinterest

Nomura

$34

Downgrades Buy Neutral X

PLYA Playa Hotels & Resorts

Nomura

Initiated Buy X

PMT PennyMac Mortgage

Nomura

Initiated Buy X

PRFT Perficient

Nomura

$40

Initiated Buy X

PRO Pros Holdings

Nomura

$42

Initiated Buy X

PTGX Protagonist Therapeutics

Nomura

$13

Initiated Neutral X

PVH PVH

Nomura

$150

Initiated Buy X

QFIN 360 DigiTech

Nomura

Initiated Buy X

QLYS Qualys

Nomura

Downgrades Buy Neutral X

QRVO Qorvo

Nomura

Upgrades Neutral Buy X

QRVO Qorvo

Nomura

Downgrades Buy Neutral X

RDY Dr. Reddy’s

Nomura

Upgrades Reduce Neutral X

RF Regions Fincl

Nomura

$14

Downgrades Neutral Reduce X

RF Regions Fincl

Nomura

Initiated Buy X

RPD Rapid7

Nomura

Initiated Buy X

RRR Red Rock Resorts

Nomura

$39

Initiated Buy X

RTRX Retrophin

Nomura

$57

Initiated Buy X

RWT Redwood Trust

Nomura

Upgrades Reduce Buy X

SERV ServiceMaster

Nomura

$69

Downgrades Buy Neutral X

SIG Signet Jewelers

Nomura

Upgrades Reduce Neutral X

SKM SK Telecom

Nomura

Initiated Buy X

SLDB Solid Biosciences

Nomura

$52

Downgrades Buy Neutral X

SMCI Super Micro Computer

Nomura

$930

Initiated Buy X

SMCI Super Micro Computer

Nomura

$413

Resumed Buy X

SMFG Sumitomo Mitsui

Nomura

Initiated Neutral X

SNAP Snap

Nomura

Upgrades Neutral Buy X

SNP China Petroleum (Sinopec)

Nomura

Initiated Buy X

SPOT Spotify

Nomura

Reiterated Buy X

SQ Square

Nomura

$90 $100

Reiterated Buy X

SQ Square

Nomura

$108 $110

Reiterated Buy X

SQ Square

Nomura

$86 $125

Upgrades Neutral Buy X

STLA Stellantis

Nomura

Downgrades Buy Neutral X

STLA Stellantis

Nomura

Upgrades Neutral Buy X

STLA Stellantis

Nomura

Initiated Buy X

SWI SolarWinds

Nomura

$24

Downgrades Buy Neutral X

SWKS Skyworks

Nomura

Downgrades Buy Neutral X

TAL TAL Education

Nomura

$68

Downgrades Buy Neutral X

TCOM Trip.com Group

Nomura

Initiated Neutral X

TENB Tenable

Nomura

Downgrades Buy Neutral X

TM Toyota Motor

Nomura

Initiated Buy X

TPVG TriplePoint Venture Growth

Nomura

$16

Initiated Neutral X

TSLA Tesla

Nomura

$300

Downgrades Buy Neutral X

TSLA Tesla

Nomura

Reiterated Buy X

TSLA Tesla

Nomura

$450 $400

Reiterated Buy X

TSLA Tesla

Nomura

$420 $450

Downgrades Neutral Reduce X

TTD The Trade Desk

Nomura

$144

Initiated Neutral X

TTD The Trade Desk

Nomura

Upgrades Reduce Neutral X

TTM Tata Motors

Nomura

Downgrades Buy Neutral X

TTM Tata Motors

Nomura

Initiated Neutral X

TWO Two Harbors Investment

Nomura

Upgrades Reduce Neutral X

TWTR Twitter

Nomura

Initiated Reduce X

TWTR Twitter

Nomura

$31

Initiated Neutral X

TXN Texas Instruments

Nomura

$106

Reiterated Neutral X

TXN Texas Instruments

Nomura

$100 $95

Downgrades Buy Neutral X

UBER Uber

Nomura

$59 $62

Initiated Buy X

UBER Uber

Nomura

$80

Downgrades Buy Neutral X

ULTA Ulta Beauty

Nomura

Downgrades Buy Neutral X

UMC United Micro

Nomura

Upgrades Neutral Buy X

VIPS Vipshop

Nomura

Upgrades Neutral Buy X

VMC Vulcan Materials

Nomura

Initiated Neutral X

VMC Vulcan Materials

Nomura

$100

Reiterated Reduce X

VMW VMware

Nomura

$115 $128

Downgrades Buy Neutral X

VNTR Venator Materials

Nomura

Downgrades Buy Neutral X

WB Weibo

Nomura

Initiated Buy X

WIT Wipro

Nomura

Downgrades Buy Neutral X

WIT Wipro

Nomura

Upgrades Reduce Neutral X

WIT Wipro

Nomura

Downgrades Neutral Reduce X

WLK Westlake Chemical

Nomura

$58 $57

Upgrades Reduce Neutral X

WLK Westlake Chemical

Nomura

$70 $79

Downgrades Neutral Reduce X

WLK Westlake Chemical

Nomura

Upgrades Neutral Buy X

WYND Wyndham Destinations

Nomura

Reiterated Buy X

WYNN Wynn Resorts

Nomura

$132 $145

Upgrades Neutral Buy X

WYNN Wynn Resorts

Nomura

Reiterated Neutral X

WYNN Wynn Resorts

Nomura

$195 $175

Initiated Buy X

XELA Exela Technologies

Nomura

$10

Initiated Neutral X

XLNX Xilinx

Nomura

Upgrades Reduce Neutral X

XLNX Xilinx

Nomura

Downgrades Buy Neutral X

XPEV XPeng

Nomura

$64.60 $36.30

Initiated Buy X

XPEV Xpeng Inc.

Nomura

$47

Downgrades Buy Neutral X

YUM Yum! Brands

Nomura

Upgrades Neutral Buy X

YY YY

Nomura

Downgrades Buy Neutral X

YY YY

Nomura