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 15:00 on 2024/11/5

The price of the Nikkei Average has risen drastically after the House of Representatives election. Even so, the price dropped at the end of October. Japan and the US have changed their top positions, and the outlook for the stock market remains uncertain. Investors around the world want to keep a close eye on how they anticipate 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”.

Since the Liberal Democratic Party drastically reduced the number of seats in the previous House of Representatives election, it seems that Prime Minister Ishiwari's responsibility is being questioned. The person himself doesn't seem to have any intention of resigning, but Koizumi Shinjiro has resigned as election preparation committee chairman... Before the election, they said they would “question the public's trust,” but does it make sense that they don't take responsibility if such results occur?

As for the future schedule, it is our policy that the prime minister nomination election will be held at the special Diet session on November 11. That will determine Prime Minister Ishiwari's advance and retreat. I felt that the rise in the Nikkei Average after the House of Representatives election, where the Liberal Democratic Party lost heavily, was an increase in anticipation of Prime Minister Ishiwari's resignation. However, if investment continues, the market price of Japanese stocks may change.

Regarding the Bank of Japan's monetary policy, it seems that there is no change in policy, and the only thing they have in mind is raising interest rates. The Ishiwari administration is unfamiliar with the economic field as its previous reputation, and it seems that the Bank of Japan will implement interest rate hikes almost as intended by the Ministry of Finance using the depreciation of the yen as an excuse.

If we understand that Japanese politics is currently not positive for the stock market, attention may shift to the US economy. that's because the momentum for the US Federal Reserve to cut interest rates is also increasing... No matter who the prime minister of Japan becomes, I would like to continue to pay attention to national policy themes such as semiconductor-related, data centers, and nuclear power.

Now, in that case, the first thing I would like to introduce is Shikoku Electric Power (9507) in connection with nuclear power. When it was revised upward due to the financial results announcement on 10/29, they moved all at once. We are watching closely to see if an upward trend can be formed after surpassing the 25th line and the 75th line.

Takada Kogyosho (1966), which is also related to nuclear power, announced an upward revision on 10/30. The company, which is in the middle of a plant, also has speculations for energy plants and semiconductor manufacturing equipment. PER and PBR are undervalued, and we are monitoring whether the chart (daily chart) can form an upward trend after the financial results were announced on November 6.

For semiconductor-related matters, check out DISCO ＜6146＞. In response to good financial results from American semiconductor manufacturing equipment manufacturer Lam Research, it seems that representative semiconductor-related brands in Japan, including this company, have begun to be searched. Precision processing equipment for HBM (broadband memory), such as grinding and polishing, is doing well due to demand for AI semiconductors, and the lower price is gradually being rounded up from the bottom price.

The depreciation of the yen and science and measurement instruments contributed to the performance of Nippon Electronics ＜6951＞, which announced an upward revision on October 29. Can it rise above the 25-day line and form an upward trend... The fiscal year ending 25/3 is expected to be a record high.

Roze (6323), which is being touted as semiconductor-related, is also expected to have a record high profit for the fiscal year ending 25/2, and a rebound was confirmed from the bottom price. Semiconductor-related devices for China are doing well, and I would like to keep a close eye on whether this performance can be maintained even after the US presidential election.

The last one is TOWA (6315) for semiconductor-related matters. The company, which mainly focuses on resin sealing equipment, has greatly benefited from the depreciation of the yen with an overseas sales ratio of 90%. The downtrend has been going on for a long time, but will it hit bottom and change the trend?

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