“Taste the fruit of the Tokyo market, which is rich in promising stocks, and is solid!”
●Even if there is a short-term decline, will it end in a short period of time?
It is the first time in a long time that the Nikkei Stock Average has risen six times in a row.
“However, the trading volume was thin, wasn’t it?” Some may say this, but the fact that the sharp decline that began shortly after the beginning of April has stopped and turned to recovery is significant.
Naturally, if the price rises, it will be easy for short-term investors to take profits, so I would like to be prepared for a short-term pullback, but even if it does, it will end in a short period of time.
This is because, in general, Japanese companies are doing well, as it will become clear from the financial results that will be announced in earnest.
Meanwhile, the US market remains volatile. The US consumer price index (CPI) in March slowed to 5.0% from 6.0% in the previous month, but US stock investors seem dissatisfied and are not actively buying.
A deceleration in the CPI meant that inflation was subsiding, which the market had expected, but now it has changed its mind.
More and more analysts and strategists believe that a slowdown like this could signal a recession.
I “agree” with that view. Because if the recession is on high alert, it won’t happen, or it won’t be shocking if it does happen.
However, if everyone refrains from buying stocks due to recession fears and many stocks fall, it cannot be said that there is a possibility of a real recession. For that reason, we cannot afford to let go of optimism, but it would be a waste to stop investing just because of that. This is because many stocks are on the rise.
The typical example is Abalance <3856> [東証Ｓ]is. The stock price, which was 2,400 yen at the beginning of the year, closed at 11,750 yen this weekend. That’s 4.90 times what it was at the beginning of the year.
I’m sure I’m not the only one who feels disappointed in myself every time I see this stock. At the beginning of February, when the stock turned to a full-fledged rise, I noticed that it was an unrelated stock for me, who basically aims for a dip.
The Abalance stock is like a girlfriend who was about to propose, but ended up marrying another good-looking guy and taking off on a honeymoon. I would like to switch here and consider investing in other stocks.
●Take advantage of anxiety psychology for stocks in the high price range
Unfortunately, it’s hard to find stocks that surge like Abalance. Even so, there are many stocks that are expected to perform strongly, so there is no shortage of investment targets.
I introduced it last time, so I won’t cover it this time, but Oriental Land <4661> [東証Ｐ]etc. is the model case. If the number of people infected with the new coronavirus increases, the stock price will drop, so you can pick it up there. Take advantage of the nervous reaction of the market.
Now for the new brand.Kao first <4452> [東証Ｐ]become. This stock is extremely popular among dividend-collecting investors as the number one company in Japan for continuing to increase its dividend (34 years in a row).
However, profits fell due to the corona crisis, and the price movement that disappoints continued, but it started to recover from the middle of March. The business performance that had been depressed has bottomed out, and the company is heading for recovery in the fiscal year ending December 2023. I can see that there are many investors who think this way, and I would like to keep pace with that.
In addition to cameras, Olympus sold scientific businesses such as industrial microscopes to specialize in the medical sector such as endoscopes. <7733> [東証Ｐ]However, the stock price has risen moderately considering the company’s earnings power has been strengthened. Considering that the global share of gastrointestinal endoscopes reaches 70%, it is not surprising that the stock price will rise further.
The use of resort hotels will surely increase in the future, as the movement restrictions due to the corona disaster have been lifted and people can freely go anywhere.Then resort trust <4681> [東証Ｐ]become. The company operates not only membership resort hotels, but also health check-up facilities and golf courses. Both are expected to see an increase in users, so naturally stock prices are close to breaking out of the bottom.
Recently, we often see news reports of fires on TV. According to statistics, the spring season (March to May) is the most frequent season for fires. Naturally, fire trucks are indispensable for extinguishing fires.Morita Holdings is the industry leader <6455> [東証Ｐ]But the stock has stalled after hitting a high on April 4. Since it is still in the process of recovery, it is considered to be a safe situation for investment.
Finally, Sakai Heavy Industries, which is strong in road rollers <6358> [東証Ｐ]of. In Japan, more than 80% of roads are paved, but there are countless regions in the world with many unpaved roads. As a result, demand for road rollers is strong in the United States, Indonesia, China, and other countries. The stock price has just started to emerge from the correction phase, and it can be said that it is still in the appropriate investment zone.
April 14, 2023 Diary
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