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 November 5, 2024 at 10:00.

Now, with the elections in both Japan and the USA behind us, we are entering the earnings season. Despite expectations of a stronger yen, the yen has remained weak, so we can also expect upward revisions due to exchange rate gains. In the midst of an uncertain global situation, it is essential not to overlook companies with solid performances.

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

However, the political situation in Japan is unstable. While the volatility of Japanese stocks is increasing, there is an impression that they are being supported by the strong performance of US stocks. Following the FOMC on November 6th and 7th just after the new president assumes office, the outlook for US stocks may also change.

Based on the proceedings of the Bank of Japan's monetary policy decision meeting at the end of October, it is likely that the December monetary policy decision meeting will include the possibility of a rate hike. Despite talks of inflation and a weak yen, the Consumer Price Index (total index excluding fresh food and energy) for September 2024 is up 2.1% from the previous year. Despite aiming for a 2% inflation rate for many years, it is hard to understand why there is a desire to return to deflation.

Naturally, the stock market has likely priced in the Bank of Japan's rate hike, and Japanese stocks have held up surprisingly well even after the Ishiba shock. While we can't be too bullish, the earnings season will provide a good opportunity to reassess the performance of Japanese companies.

Even if the external environment deteriorates, stocks with strong performance are likely to remain resilient. However, it is important not only to look at the latest earnings, but also at the financial estimates for the medium to long term. Despite the many uncertainties such as the direction of the country's policies, exchange rates, and policy interest rates, stocks that are forming a solid uptrend may be ones that investors hold with confidence. This time, we took a look at stocks that are showing bullish momentum in the charts.

Yamazaki Baking <2212>, which announced a price increase starting in January next year, has shown positive movement by opening a gap from the bottom price. Furthermore, they have announced a price increase for shipments starting on January 1st of next year, which has been well received. The chart shows a rebound from the level of adjustment to the 100-week moving average. We will continue to monitor whether they can continue to raise the bottom price.

Modality <4883>, which is engaged in the research and development of genetic disease treatments, announced that the potential treatment for congenital muscular dystrophy type 1a (LAMA2-CMD), 'MDL-101,' has received Orphan Drug Designation from the U.S. Food and Drug Administration (FDA). Despite the weak performance, biotechnology stocks with solid technical capabilities are worth keeping an eye on.

Fil Company <3267>, which has recently raised its bottom price, was well received for turning a profit in the earnings announcement on October 10th. The company, which handles the planning, operation, and construction of 'sky-area stores' utilizing parking spaces for rent, is thought to be less affected by political or overseas geopolitical risks.

I-ne <4933>, which develops hair care products, saw positive movement after announcing the acquisition of stakes in cosmetic manufacturer Tuveil and Ttrading, a developer of beauty appliances, on October 23rd. The chart (daily) is under monitoring as it gradually heads towards an upward trend from the bottom price range.

Nippon Electronic Materials <6855>, which was well received for a surprising earnings announcement on September 25th, is being monitored as a semiconductor-related company. Despite concerns about global economic slowdown, high-tech stocks such as semiconductors remained stable, and demand for AI-related data centers and the like is once again being reassessed as resilient. Is there a possibility of funds flowing into the company that has been slow to receive capital?

Lastly, Timmy <215A>, which is well known for side jobs, has seen an inflow of purchases again from the bottom price range after the overheating feeling subsided following its listing in July 24. They seem to be steadily expanding their performance through partnerships with industries and local governments where labor shortages are a concern. The chart (daily) is under monitoring to see if they can exceed the 25-day moving average.

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