Funds tend to concentrate on stocks evaluated at the fiscal year-end.

The Nikkei average stock price rebounded. It closed at 39,500.37 yen, up 118.96 yen (approximate volume of 2.4 billion shares). In the U.S. market on the 7th, while the NY Dow Jones Industrial Average fell slightly, a portion of tech stocks were bought, and the NASDAQ hit a record high for several consecutive days, starting with buying. However, as it approached the 0.04 million yen milestone, profit-taking sales were easily triggered, peaking at 39,818.41 yen shortly after the opening, leading to a trend of profit-taking dominance, with weekend factors causing a temporary drop to 39,377 in the afternoon.

Fisco JapanNov 8 15:15

The Nikkei average rebounds, with attention focusing on earnings stocks after a round of selling and buying.

On the 7th, the US stock market was mixed. The Dow Jones Industrial Average closed at 43,729.34, down 0.59 dollars, while the Nasdaq closed at 19,269.46, up 285.99 points. Buying continued to be favorable following Trump's victory in the presidential election, as well as expectations of a rate cut at the Federal Open Market Committee (FOMC), leading to gains after the opening. The Federal Reserve Board (FRB) decided on the expected rate cut at the FOMC, resulting in a decline in long-term interest rates, pushing Nasdaq higher, reaching record highs daily.

Fisco JapanNov 8 15:00

November 8th [Today's Investment Strategy]

[FISCO Selected Stocks] [Material Stocks] Furukawa Electric Co., Ltd. <5801> 4031 yen (11/7) The financial estimates for the fiscal year ending March 2025 have been revised upward. Operating profit is expected to be 38 billion yen (3.4 times higher than the previous period). It has been raised by about 52% from the previous estimate. The upward revision is due to improved productivity in the auto parts business, sales increase in data center-related products, domestic ultra high pressure and renewable energy-related businesses, and functional lines. The year-end dividend (= annual dividend) is set at 90 yen. The previous estimate was 60 yen, and the previous period was 6.

Fisco JapanNov 8 08:28

Taiyo Yuden - selling interest, negative surprise ahead of significant downward revision in performance.

Selling bias. The company announced its second quarter financial results the previous day, with an operating profit of 4.95 billion yen for the July-September period, an 81.8% increase compared to the same period last year, falling short of the market estimate of around 6.5 billion yen. In addition, the full-year forecast has been downwardly revised from the previous 20 billion yen to 7.6 billion yen, a 16.3% decrease from the previous year. Reflecting the sluggish demand trend, it is assumed that the operating rate will decline from the third quarter onwards. While the actual figures falling short are within the expected range, the second half is expected to fall to almost breakeven level, showing a negative outlook.

Fisco JapanNov 8 08:27

From the calm of the Trump trade to earnings hunting.

[Stock opening comment] On the 8th, the Japanese stock market started with buying, but gradually seems to be heading towards a stalemate. On the 7th, the US market saw the Dow Jones Industrial Average fall by 0.59 points, while the Nasdaq rose by 286 points. As expected at the Federal Reserve Board (FRB) Federal Open Market Committee (FOMC), a 0.25% rate cut was decided, Nasdaq continued to rise with the decline in long-term US interest rates, reaching record highs for several consecutive days. On the other hand, President Trump's victory in the US presidential election was well received the previous day.

Fisco JapanNov 8 07:40

Katō Manufacturing, Nissan Jidōsha, etc. [List of stock-related materials from the newspaper]

Katou Manufacturing Co., Ltd. <6390> developed a hybrid self-propelled crane, reducing fuel consumption by 40%.

Fisco JapanNov 8 07:34