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 on 2024/7/8 14:00

The stalemate market improved all at once, probably because the debate between President Biden and Mr. Trump was the detonator. The fact that signs of a recession in the US have begun to appear can be judged as positive for the stock market... we need to keep a close eye on it in the future.

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”.

The rise in the Nikkei Average from July 1 to 5 was something that all investors had been waiting impatiently for. The all-time high of 41100.13 yen was set on 7/5, and the market sprung up. The market price has changed, and whether or not this momentum will continue is likely to depend on the US economy.

In response to the results of the US employment statistics announced on 7/5, there is a strong mood in the market that the Fed will cut interest rates in September... Regarding the presidential election, the possibility of establishing a candidate to replace President Biden, who is the Democratic Party candidate, is being discussed, and events where the market price changes may occur in the future.

Considering the remaining lifespan of the Kishida administration domestically, it may be necessary to anticipate policy changes due to the new Prime Minister. Looking back, after all, the prime minister was unable to reach Hiroshima's boss... the late Ikeda Hayato... there were no direct policies that would benefit the stock market. I can't help but hope that new popular themes will come up in the new cabinet.

Now that investors' minds have improved, I would like to firmly hold down stocks that are expected to perform well without getting carried away. As an individual investor, we will continue to keep a close eye on inbound-related stocks and stocks that have the advantage of depreciating yen.

Long-established department stores, which are making profits due to recent inbound demand, are performing at their best even when the number of Chinese tourists decreases. Matsuya ＜8237＞, Takashimaya ＜8233＞, and Isetan Mitsukoshi HD ＜3099＞ all performed well, and recently updated their year-to-date highs. The level of 160 yen per dollar is probably a bargain for overseas tourists, and I'd like to keep a close eye on whether inbound traffic continues to increase as it is.

Namura Shipyard (7014), whose main force is medium and large bulk carriers, is also being checked as being related to the depreciation of the yen. It has built a brilliant upward trend, and recently it has updated its year-to-date high. Similarly, Uchiumi Shipbuilding (7018), a bulk carrier, has recently lowered its price.

When R Planner ＜2983＞, which handles custom-built housing contracts and sales of condominiums, announced an upward revision on 7/2, it opened a window and moved. <166A >TASUKI HD, which has been patented by the group company's architectural plan generation AI service “TASUKI TECH TOUCH & PLAN,” is also slowly forming an upward trend.

Nippon Yakin Kogyo (5480), a major stainless steel company, has cheap PER and PBR, and is active in shareholder returns. As of 7/2, Daiwa Securities upgraded the company's investment decision from “3” to “2,” and set a target stock price of 5600 yen.

Mino Ceramics ＜5356＞, which is a mid-sized refractory brick for cement and chemicals, also has a noticeable sense of cheapness in PER and PBR. I would like to strengthen surveillance to see if an upward trend can be formed over the medium to long term with the 75-day line below. The fiscal year ending 25/3 is expected to be a record high profit.

The last one is Nippon Antenna ＜6930＞, a major communication antenna company. While financial results for the current fiscal year have not been disclosed, they have returned from the bottom price, probably due to speculations of a recovery in business performance. I would like to continue checking the progress of the business integration news with Elecom ＜6750＞, which was announced in April.

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