Below is a comment written by FISCO Social Reporter's individual investor “Tamasuke Limited” (blog: Profitable Stock Information “Cat Husband's Stock Knows No Ceiling”). FISCO is working to disseminate more diverse information to investors by cooperating with individuals who actively disseminate information.
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※Written at 10:00 on 2024/6/24
It would be nice if there were good events for the stock market in the future, but I don't think we can expect it even in election year... If you can't look forward to a theme or policy-related event, we'll check individual stocks with performance expectations.
Once again, my name is Kyusuke Limited, and I'm writing the stock & cat blog “Profitable Stock Information “Cat Husband's Stock Knows No Ceiling”.
Even if the Tokyo gubernatorial election approaches, I don't think materials that would stimulate the stock market will come out that far. It would be nice if there was material for money to flow into the stock market led by politics, but since semiconductor-related prosperity, there are no topical themes.
The temperature in Japan has also been rising steadily, so is the stock market going to “dry summer” as it is? Looking at macroeconomic indicators not only in Japan but also in the US and Europe, I cannot confidently say that the future is bright. Even if the economy and stock prices are not necessarily linked, it is clear that there is a sense of anxiety in the stock market.
I can understand that inflation has settled down and central banks around the world are discussing interest rate cuts, but to be honest, there are only questions about Japan, where neither inflation nor the economy is good, discussing interest rate increases. The stock market may be sensitive to such a sense of incongruity. It would be nice if there was a sense of expectation that such a situation could be overcome in the election, but I still can't feel that kind of mood.
There doesn't seem to be any element where the Japanese stock market will rise drastically due to Iran's presidential election on 6/28, the French and British elections in early July, etc. As the US presidential election and Liberal Democratic Party presidential election approach after the Tokyo gubernatorial election, I think the stock market will gradually begin to react. In the midst of a bad external environment like now, what you can believe is stocks with good performance expectations...
Recently, electricity-related brands have also been scouted, so first I'll check out the light-up ＜6580＞, which is performing well. Recently, it was announced that application support for energy saving subsidies will begin, and it seems to have been well received. Although it is a small-cap stock, it is slowly forming an upward trend. Are there any speculations about introducing DX and AI?
Hodogaya Chemical ＜4112 ＞, which is building an upward trend below the 25th line, is an enterprise that handles printer toner, etc. Business performance is also strong, and dividend increases have also been announced in recent financial results. Even on charts that have updated year-to-date highs, PBR is undervalued.
This is also Iyogin HD ＜5830＞, where the sense of cheapness of PBR is conspicuous. Bank stocks were bought widely due to speculation that interest rates would rise. Profit is expected to decrease compared to the previous year for the fiscal year ending 25/3, but considering dividend increases and interest rate upward pressure, it is monitoring how far the trend will continue.
Daidan ＜1980＞, a major general equipment company, is expected to hit a record high profit for the fiscal year ending 25/3. The company, which has strengths in air conditioning equipment, seems to be contributing to business results due to the rush to build new data centers. The most recent chart (daily chart) divides the 25th line, but we are watching closely, seeing that demand for the company, which covers even electricity, water sanitation work, etc. is firm.
YAC HD (6298), which has speculations as semiconductor-related, seems to have surged above the bottom price range. The business performance of the company, which handles a wide range of products from mechatronics to medical devices, is also expanding. I would like to surpass the 25th line and the 75th line and strengthen surveillance to see if the trend can change.
The last one is DOWA (5714), which has strengths in the environmental recycling field. The chart fell in June from the high price range on an upward trend, but we have also confirmed a firm rebound. PBR is also undervalued, and it is necessary to check if there is a possibility that they will move due to announcements of dividend increases or stock buybacks.
Well, I've been talking a bit long, but my blog introduces such “individual stocks and theme stocks that are strong now.” If you have free time, please take a look. We look forward to seeing you with our beloved cat “Al.”
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Author's name: Gyokusuke Kotei
Blog name: Cat Husband's Stock Knows No Ceiling