Steady development from the movement of high-tech stocks and earnings evaluations.
The Nikkei Average rebounded, and closed at 35,025.00 yen (approximately 2.504 billion shares traded), up 193.85 yen from the previous day's trading, with buying centered on high-tech stocks against the backdrop of a rise in US stocks and a weak yen. Shortly after the opening of trading, it rose to 35,671.31 yen. In addition, there was a continued shift of funds to stocks with good earnings results. However, with the possibility of position adjustments, such as selling before the three-day weekend, there was a standoff around 35,000 yen after the buying spree, and it fell to 34,445.57 yen in the middle of the afternoon.
Mag7 Are Getting Cheaper, Is It Time to Buy the Dip?
Nicolas Maduro Slaps Ban On Elon Musk's X Amid Election Dispute: 'Get Out Of Venezuela For 10 Days'
Meta CEO Mark Zuckerberg Owns Two Of The Biggest Social Media Platforms In The World. He Now Thinks This Experience On Phones Is 'Anti-Social,' And Why He's Focused On Ray-Ban Smart Glasses
Active and newly listed stocks during the morning session.
*Trend Micro <4704> 7742 shares - reports that the company is exploring business divestitures. *Mecc <4971> 3895 shares - annual performance estimates are significantly upwardly revised beyond expectations. *Fujikura <5803> 3038 shares - significantly upwardly revised revenue forecasts. *H-One <5989> 926 shares - good progress with operating profit turning to black in the first quarter. *Suzuki <6785> 1540 shares +297, optimistic about double-digit profit growth this fiscal year and change in dividend policy. *Happinet <7552>.
Citi: Don't panic about the sharp decline in chip stocks, now is a good time to buy.
Citibank pointed out that although there has been a sharp decline in US chip stocks, this is mainly due to macroeconomic factors and high expectations. Semiconductors markets are still bullish, mainly because the demand for AI and storage markets remains strong. It is expected that DRAM prices will increase by 62% YoY in 2024, and Micron's performance guidance may be revised upward.
Sumitomo forestry, Nexon, etc. (additional) rating.
Downgrade – Bearish Code|Stock Name|Securities Company|Previous|Current|------|---------------|-------------|---------|---------|<3279>|API| Mizuho|Buy|Hold|Target Stock Price Change Code|Stock Name|Securities Company|Previous|Current|------|---------------|--
Investment strategy for today, August 9th.
[Fisco's Selected Stocks] [Materials Stocks] KOKUSAI ELECTRIC <6525> 3285 yen (8/8) was established as a spin-off of Hitachi Kokusai Electric's semiconductor manufacturing equipment division, specializing in film deposition equipment. The first quarter results were announced. The operating profit was 17.8 billion yen (4.4 times higher than the same period last year). Against the background of the popularization of AI generation, the demand for advanced node DRAM and Logic has recovered. Operating profit for the fiscal year ending March 2025 is expected to be 44.8 billion yen (a 45.7% increase from the previous year). This is in response to the full-year forecast.
Pay attention to companies like Toshiba Electronic Devices & Storage Corporation and Fujikura Ltd, while Nikon Corp Spons and Amada Co Ltd are sluggish.
On the US stock market on the 8th, the Dow Jones Industrial Average was up 683.04 points to 39,446.49, the Nasdaq Composite Index was up 464.21 points to 16,660.02, and the Chicago Nikkei 225 futures were up 795 yen to 35,575 yen compared to the Osaka day session. The exchange rate is 1 dollar = 147.20-30 yen. In today's Tokyo market, Pacific Cement <5233>, which saw a 5.9-fold increase in operating profit in the first quarter compared to the same period last year, KOKUSAI <6525>, which similarly saw a 4.4-fold increase, and Kaneka <0003463.T> , which saw an 83.4% increase.
List of Conversion Stocks (Part 1) [List of Parabolic Signal Conversion Stocks]
List of stocks to buy: Market Code Stock name Last price SAR Tokyo Prime <1605> INPEX 2020 1700<1662> Petroleum resources 5570 4925<1786> Oriental Shirakawa 310 288<1813> Fudo Tetra 2078 1852<1835> Tokyo Tekko
S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Recruit Holdings' operating profit in the first quarter increased by 5.1% to 127.8 billion yen.
Recruit HD <6098> announced its Q1 2025 financial results for March, with sales revenue up 6% YoY to ¥901.558 billion and operating profit up 5.1% YoY to ¥127.818 billion, exceeding the consensus (approximately ¥118.2 billion). The main HR technology and staffing businesses, such as Indeed, grew, as did financial revenue. [Positive evaluation] <8604> Nomura | <6524> Hubei Industrial Medium <4452>
Amazon to Let TikTok Users Shop Select Products Without Leaving the Video App - Report
Elon Musk's X Will Suspend Using Personal Data to Train Grok AI Tool in EU
Weak Treasury Auction Taketh Away What The BOJ Gave To The Stock Market, Buying On Jobless Claims
Tech Stocks Rally After 5-Day Slump As Recession Panic Eases: Nasdaq 100 Movers To Watch Thursday
Market Clubhouse Morning Memo - August 7th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Google and Meta Worked on Secret Ad Campaign to Promote Instagram to Teens on YouTube - FT
Google, Meta Accused Of Secretly Targeting Instagram Ads To Teens On YouTube, Violating Google's Own Rules: Report
Buying When There's Blood In The Streets