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Sumitomo Mitsui Finl Gr Q1 EPS $0.36 Beats $0.33 Estimate, Sales $16.19B Down From $16.26B YoY
With a strong movement towards risk-aversion, the price of the stock market has reached the 35,000 yen range, the highest in six months.
The Nikkei average fell sharply, ending trading below 36,000 yen for the first time in about six months at 35,909.70 yen (with an approximate volume of 2.970 million shares). Following the decline of major stock indexes in the US market on the previous day, reflecting concerns over the slowdown of the US economy, the Tokyo market also started selling. The decline widened to 36,107.29 yen in the morning session, and there were moments of buying on dips due to the reaction against the rapid decline, and in the afternoon session it rose to the 36,400 yen range.
The Nikkei average has experienced a historic steep decline, the second largest decline in history since Black Monday.
On the first day of the U.S. stock market, there was a significant drop. Dow Inc. fell 494.82 points (-1.21%) to 40,347.97, Nasdaq fell 405.26 points (-2.30%) to 17,194.14, and S&P 500 closed at 5,446.68, down 75.62 points (-1.37%). Following the expected interest rate cut, buying continued and rose after the opening. However, unemployment insurance claims reached a one-year high and the ISM manufacturing outlook index unexpectedly fell.
Orbii Systems - Revenue, operating profit, and ordinary profit for the fiscal year ending March 2024 are at their highest levels ever.
ORBISYS Inc. <5576> is an independent IT company that provides system integration services such as software design, development, and maintenance in four business areas: finance, industrial distribution, social public works, and IT innovation business, with Hitachi, Ltd. <6501> Group, Mitsubishi Electric Software Corporation as its main customers. The company also offers its own products, the Clinical Inspection System/CLIP and the Medical Examination System/MEX-Plus. The performance for the fiscal year ending in March 2024 is in sales.
Asahi Kasei, Pal GHD, etc. (added) Rating
Upgrade - Bullish Code | Stock name | Securities company | Before | After | ------ | -------------- | -------------- | --------- | --------- | ＜6702＞ | Fujitsu | City | "2" | "1" | ＜9793＞ | Dai Seki | Mizuho | "Hold" | "Buy" | Target Stock Price Change Code | Stock name | Securities company | Former
Investment strategy for today, August 2nd.
[Fisco Selected Stock] [Material Stock] Nitto Boseki <3110> 5610 yen (8/1) is engaged in businesses such as glass fiber, in vitro diagnostic pharmaceuticals, fibers, and beverages. It has upwardly revised its performance forecast for the fiscal year ending in March 2025, with an operating profit estimate of 15 billion yen (up 78.8% from the previous year). It raised the previous estimate by 20%. This is due to factors such as the first quarter operating profit of 3.907 billion yen (4.4 times the same period last year) and continued strong demand for AI servers contributing to earnings.