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 July 29, 2024, at 10:00.

The Nikkei Average has experienced a major market crash that far surpasses the so-called summer slump, starting from mid-July. It seems necessary to recognize once again that the movements of the Japanese stock market are influenced by the U.S. market and U.S. politics.

I am Yugi Yuge, who writes a stock and cat blog called 'Profitable Stock Information "Nekodanna's Stock Never Ceilings"'.

On the weekly chart of the Nikkei Average, a sell signal called 'Mikawa' has appeared, followed by a large bearish candle.

In July, the Nikkei Average, which had been celebrating its climb above 0.04 million yen, has fallen to 37,667.41 yen as of the closing price on July 26.

With the market deteriorating to this extent, there are likely individual investors who have been suddenly forced to cut their losses. Let's take a break for now and focus on selecting stocks for the earnings season in August. In such a volatile market, it is believed that investors are also paying attention so as not to miss out on stocks that are trending upwards in the near future.

If the market is expected to be volatile and heavy on the upside, I would like to follow the stocks with good charts according to the basics. As the speculation for interest rate cuts strengthens at the FOMC in September, it is possible that the market will turn around after the FOMC. The FRB may want to implement an interest rate cut before the upcoming US presidential election in November.

By the way, while we are focused on the US presidential election, we seem to be overlooking Japan's general election. The Kishida administration clearly favored a fiscally conservative policy and welcomed immigrants, so we should keep an eye on whether there will be any policy changes in the next administration. Now, let's check out the popular stocks with solid performance even in uncertain markets.

DD Group ＜3073＞, which showed movement after the earnings announcement on July 12th, was well received for its expansion of shareholder benefits announced on the same day. The company, which operates restaurants and other businesses mainly in the Tokyo metropolitan area, also has speculation as an inbound-related company. We are monitoring whether the daily chart can form an uptrend.

Meito Sangyo ＜2207＞, which stands out for its cheap PER and PBR ratios, has been gradually rising from the lower level below the 25-day moving average. It announced an upward revision on July 16th, and we are keeping an eye on how the chart will develop around the earnings announcement on August 9th.

Hokko Chemical Industry ＜4992＞, which is being sought after as a cutting-edge semiconductor materials manufacturer, is maintaining its high level in the daily chart even amidst a deteriorating external environment. Currently, more than half of its sales come from the agrochemicals field, but a new factory dedicated to photoresists is scheduled to be completed in December 2026, signaling a potential expansion in the semiconductor industry. Its PBR is below 1.

Peakloud ＜4015＞, which is steadily building an uptrend, is engaged in cashless business and digital signage business. As a small-cap stock with strong performance, it may attract attention when dividends are implemented.

Hishiyu Systems ＜4685＞, a comprehensive information service company in the Mitsubishi Heavy Industries group, broke out of its consolidation phase at the end of June. It is expected to achieve record high profits for the year ending in March 2025, and we are closely monitoring whether it will continue to rise after the earnings announcement on July 31st.

Lastly, VisaSC ＜4490＞, which announced good earnings on July 12th, is a stock that indicates the high demand for high-class talent and the thriving consulting industry. We confirmed a rebound from the bottom range on the weekly chart. In addition, BayCurrent Consulting ＜6532＞, a leading consulting company in Japan, is also performing well. It is also worth noting that FMR, a major global asset management company under Fidelity, has a large shareholding in the company.

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