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Buffett-favored Japan stocks approaches a 33-year high! If you're looking into Japan stocks - you may want to check out this tool!
The rise of the Japanese stock market has pushed the $Nikkei 225 (.N225.JP)$ close to its highest level in over 30 years.
With earnings growth, stock buybacks, and still relatively low valuations attracting buyers, this year's upward trend is expected to continue, with Wall Street predicting another 10% rise without any problem.![]()
According to Lyon Securities and Monex, a promising earnings season is the latest catalyst for the Japanese stock market.
Following renewed support from "Stock God" Buffett and improved corporate governance in Japan, the Japanese stock market has shone brightly.
Although not eye-catching, the performance of Japanese companies and their annual guidance has brought hope to investors - Tokyo Stock Exchange Index Company predicted that operating profits of Japanese companies will increase by about 6% in the fiscal year ending March 2024. History shows that companies typically tend to make conservative estimates.
Takashi Hiroki, chief strategist at Monex, said that "overall, corporate profits seem quite good, with a strong expectation of profit growth in the important automotive sector."
"Domestic-oriented companies are benefiting from the prospects of increased inbound tourism, while large banks are also reaping hefty profits." Hiroki expects the Tokyo Stock Exchange index to rise further by 10% or more by the end of this year.![]()
Foreign inflows and buybacks support market sentiment, and it is worth mentioning that more and more big players are following in Buffett's footsteps to bet on Japan.
Last month, Buffett said that he was considering buying Japanese stocks other than the five major trading companies, saying "although he currently only holds stocks of the five major trading companies, the next investment target has been on his mind, depending on the price."
With Buffett's endorsement, Wall Street giants including hedge funds Point72, Citadel, Blackstone, and KKR have also visited Japan recently. In April, overseas traders net bought $22 billion worth of Japanese stocks and futures, and foreign inflows reached a record level.![]()
At the same time, the Tokyo Stock Exchange called for companies whose stock prices were lower than their book values to formulate capital improvement plans. This move has sparked a wave of buybacks, supporting market sentiment in Japan. Leading Japanese companies such as SoftBank, Toyota, and Mitsubishi Corporation have announced new stock buyback plans in their latest earnings reports.
Masayuki Murata, chief portfolio manager at Sumitomo Life, said: "Considering that the PB is still around 1.2X, even if there is a crisis in the market, this will be a huge buying opportunity for long-term investors like us."
So, what should investors do to follow suit?
Here, we recommend a stock selection tool which may potentially be useful.
the moomoo app- Explore - Screener - ETFs - US - Regional - Asia ETF.
You can find tradable ETFs that track the Japanese market, and view the ones that has higher trading volume with better liquidity.
In addition to the Japanese market, investors can use this method to filter and invest in other global markets. Give it a try, folks!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Chyemm : Nice
RedBullGiveWings : Believes in buffet
Mireyachen万亿丰 : i would like to buy n hold but how shall i buy ?
Biggy168 : It says unable to claim voucher, guessed the promo is over, just came across this info thru task centre
To the Moo OP Biggy168 : The campaign is still running, please check if you are eligible for the campaign, new ETF customers can still receive the cash bonus.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
tough Hippo_9684 : good
azzahraking_9178 :
Loong11 : If Apple VR headset looking good , stock continue rise . If bulking headset can dump .
101772986 :