Wall Street Analysts Are Bullish on Top Healthcare Picks

TipRanksFeb 6 05:20 ET · Ratings

Despite a selling-led start, the market recovered to above 54,000 yen driven by growing expectations ahead of the House of Representatives election.

The Nikkei Average rebounded after three days, closing at 54,253.68 yen, up 435.64 yen (with an estimated trading volume of 2.8 billion shares), recovering to above the 54,000-yen level. In early trading, sentiment was weighed down by a sell-off in tech stocks on the U.S. market the previous day, which spilled over and pushed the index down to 52,950.15 yen. However, with reports increasingly pointing to the ruling Liberal Democratic Party’s lead ahead of the upcoming House of Representatives election on the 8th, expectations for future gains in Japanese stocks under the fiscal expansion policies of the Takashima Cabinet remained strong, while U.S. stock index futures also showed signs of recovery.

Fisco JapanFeb 6 02:45 ET

Trial, M3, etc. (Additional) Rating

Upgrade - Bullish Code Stock Name Securities Company Previous Change After --------------------------------------------------------- <9684> Square Enix HD UBS "Sell" "Neutral" Downgrade - Bearish Code Stock Name Securities Company Previous Change After --------------------------------------------------------- <8976> Daiwa OF Mizuho "

Fisco JapanFeb 5 22:31 ET

Sales took the lead due to declines in U.S. high-tech stocks and commodity prices.

The Nikkei Average continued its decline, closing at 53,818.04 yen, down 475.32 yen (with an estimated trading volume of 3.06 billion shares). Following the sell-off of tech stocks in the U.S. market the previous day, selling initially led by heavyweight high-tech stocks took the lead. However, with some futures buying coming in, the index rebounded towards the middle of the morning session, and the Nikkei Average temporarily rose to 54,459.08 yen. On the other hand, after the middle of the morning session, commodities such as gold and silver sharply fell in U.S. market after-hours trading, prompting risk-averse movements.

Fisco JapanFeb 5 02:37 ET

Afternoon session [Stocks that moved and stocks that were traded]

Sony Group Corporation (6758) has raised its earnings forecast for the fiscal year ending March 2026, and also announced an expansion of its share buyback program. However, upward momentum appears limited. Charm Care (6062) reported a 38.3% increase in first-half operating profit, up from a 26.5% growth in the first quarter. Shimizu Construction (1803) has revised upward its earnings and dividend forecasts for the fiscal year ending March 2026. Tosoh Corporation (4042) has lowered its earnings forecast for the fiscal year ending March 2026. Mitsui Chemicals (4183) closed at 227.

Fisco JapanFeb 5 02:10 ET

Stocks that moved or traded actively in the morning session.

*BR Holdings <1726> at 437 yen, unchanged - Yokogawa Bridge HD aims to fully acquire the company via a tender offer. *Yamato Electric <6941> at 7,720 yen, up 990 yen following upward revisions to its first-half earnings and dividend forecasts. *Astellas Pharma <4503> at 2,472 yen, up 224.5 yen after further upward revision of its full-year earnings forecast. *Panasonic Holdings <6752> at 2,399 yen, up 205 yen despite increased structural reform costs; fundamentals remain strong. *Fukuoka Financial Group...

Fisco JapanFeb 5 00:32 ET