Monday Newsline:Japan's Strength;Sony's Morpheus;Daniel Ricciardo

Asian shares were cheered by good data from Japan and China Monday morning,as well as a steady jobs report from the US on Friday.The MSCI Asia Pacific index rose 0.20%.
The Japanese economy grew a surprising amount in Q1,with the GDP up 6.7% versus an estimate of 5.6.Japanese manufacturing shares were strong,with Alps Electric up 4.0%;Panasonic up 3.0;and Hitachi Construction Machinery up 2.8.The Nikkei rose 0.41%.*
China showed strong exports in May,with a trade surplus of 35.9 billion dollars,up 7.0% on the year.It was the highest surplus since 2008.China's growth target is 7.5%.*
India's SENSEX index was up 0.6% on hopes new Prime Minister Narendra Modi will unveil economic reforms.*
Australian Prime Minister Tony Abbott will travel to Washington this week to meet with President Barack Obama.The two leaders will discuss trade,Asia-Pacific affairs and Afghanistan.Australian markets were closed Monday for the Queen's Birthday holiday.*
Sony will display its Project Morpheus PS4 virtual reality headset at the E3 electronic entertainment show in Las Vegas this week.The Morpheus is a response to Facebook's Oculus headset.Sony has sold two million more Playstation 4 consoles than Microsoft's Xbox 1.
The Sony Morpheus headset is more physically attractive than the Facebook Oculus,which could be a significant edge in itself.The Morpheus features a sleeker,more stylish and space age design than the boxy Oculus.*
In sport,South Korea's Inbee Park notched another LPGA victory at the Manulife Financial LPGA Classic in Waterloo,Ontario.Park shot an incredible 23 under par 61 to edge American Kristie Kerr and her 20 under par 63.China's Shanshan Feng was third with an 18 under par 63.
In motor racing,Australia's Daniel Ricciardo,24,sped to the first victory of the season for Red Bull Racing,while his teammate,World Champion Sebastian Vettel,took third at the Canadian Grand Prix in Montreal.It was also Ricciardo's first F1 victory,while Vettel has yet to win this year.Germany's Nico Rosberg of Mercedes AMG came in second on the podium.*
Sony(SNY),Panasonic(Tokyo:6752;US OTC:PCRFY),Facebook(FB)

Investing Insights:Twitter,Google and Sony

Twitter as a business is absolutely sensational,said Larry Haverty,portfolio manager at GAMCO Investors.The growth of the global ad revenues are divided by the big three:Facebook,Twitter and LinkedIn.At close to a 40 billion valuation,I can't make Twitter grow fast enough to justify the price.You've created an artificial shortage.This is a hoarding apple,not an investing apple.
There's speculation going on.People are just buying it.It's going to make a lot of money,but with a 40 multiple on it,five years from now I get a stock valuation where it is right now.God forbid something happens to the business like to an AOL and previous speculative companies.Once I see how the numbers look,seeing how the people behave at the conference call,I'll be able to judge it better.I just can't do that right now.*
I would still be a buyer of Google.Right now it's a technological conglomerate.Basically it eats on ad dollars.It's returning 5%.I think Google glass will be a phenomenal success.*
Macau in the next five years is gonna double.*
With Sony,one thing I like is,they're finally figuring out how to make money in the music business.Profits are gonna start going up as these services allow them to start monetising.
The real call option on Sony is the electronics business.Ultra HD TV is gonna be all over the Consumer Electronics Show.Sony is gonna have a seat at the table.Three to five,you have the entertainment business and a turn in the electronics business with PlayStation 4,somebody's gonna make a fair amount of money with Sony.*
In the next few weeks,Liberty Media will buy Time Warner Cable.*
Sony Group(SNY),Twitter(TWTR),Google(GOOG),Time Warner Cable(TWC),Liberty Media Corporation(LMCA)