The following is a comment written by a FISCO social reporter for individual investors, Mr. Yuusuke Yuge (Blog: Profitable Stock Information" Nekodanna's Stock Never Ceilings "). At FISCO, we strive to work with individuals who are actively disseminating information to deliver a diverse range of information to investors.
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Written on June 16, 2024 at 2:00 PM.
The Nikkei Average is heavy, but it is not oversold and remains in a stalemate. In terms of macroeconomic indicators and central bank policies, there is a sense of stagnation without any surprises. In such a market, investors seem to be focusing on individual stock catalysts.
I am Yugi Yuge, who writes a stock and cat blog called 'Profitable Stock Information "Nekodanna's Stock Never Ceilings"'.
From June 10th to 14th, the Nikkei Average rose above the 75-day moving average after opening at 38,689.78 yen. However, it fell below the 75-day moving average the following day and closed at 38,814.56 yen on the 14th. As a result, the stock has been hovering around the 25-day and 75-day moving averages.
In the meantime, there is news of Scorpion Capital, known for short selling, initiating short selling of Laser Tech<6920>, a popular semiconductor-related stock, suspecting the company's fraudulent accounting practices, which was issued a report on June 5th. Of course, Laser Tech categorically denies the fraudulent accounting practices.
Such developments cannot be predicted based on fundamentals or technical analysis… However, this is also their usual strategy. Therefore, even if it is sold to some extent, investors seem to be calmly assessing the situation as there has been a quick rebound in the past.
For beginners in the stock market, it is difficult to invest in stocks with prices over 30,000 yen per share all of a sudden. Therefore, it would be better to focus on stocks with lower prices that are easier to invest in and are likely to grow further in the future, rather than Laser Tech. Everybody, even unknown individual investors, are constantly learning in the stock market.
Now, let's take a look at Nippon Electric<6951>, which is known as the second Laser Tech. The company's technological strength in electron beam drawing equipment is highly appreciated by investors among semiconductor-related stocks. With concern about how long global semiconductor-related capital investments will continue, we also want to track its stock price.
Next up is Kokusai Electric<6525>, also related to semiconductor manufacturing equipment. The company, which has a strong position in coating equipment, has recently broken through the lower limit. Due to the rapid growth of the AI market in recent years, new data centers are being established in Japan as well. The company is also being sought after due to the expansion of semiconductor memory demand.
Grims<3150>, which provides electricity reduction consulting for companies, has speculative potential due to electricity rate hikes, etc. The chart (daily) seems to have received a sharp influx of buying since the end of May. The recent share price has also reached a record high for the year. Due to concerns about the supply and demand of electricity for the summer, there is a possibility that the stock will continue to be sought after.
NPC<6255>, which is in an upward trend, is receiving speculative buying due to reports of the mandatory recycling of solar panels. As a major manufacturer of solar cell production equipment, the company is also sought after for perovskite solar cells. We are monitoring how far they will rise ahead of the quarterly earnings report on July 9th.
Future Venture Capital<8462>, which invests in Tregem Bio Pharma's tooth growth drug project, known as the "second Laser Tech," has also been gaining attention. The fact that the company has zero interest-bearing debt in a high-interest rate environment is also well received. It's amazing how we live in an era where our teeth can grow back.
Finally, let's take a look at Genie<6562>, which operates the online ad platform "Geniee SSP," and Material Group<156A>, which is engaged in PR consulting, both of which seem to be rapidly rising in stock prices in the expanding online advertising market.
Well, the story has become a bit long, but on my blog, I introduce "individual stocks and theme stocks that are currently strong". Please take a look if you have time. We look forward to welcoming you with our beloved cat, "Al".
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Author Name: Yuugentei Tamaki Blog Name: The Cat Master's Stocks Know No Limits
Blog Name: The Cat Master's Stocks Know No Limits