Top Stock Picks to Watch Amid Middle East Tensions in April 2024

A shift to domestic demand and the value of stocks due to risk aversion

● Irregular decline, to assess the situation in the Middle East

Weekend 19thNikkei stock average ratefell a lot. The decline rate exceeded 1,300 yen at one point, and there were even cases where the price was sold as low as 36,733 yen. Amid concerns about the delay in the start of interest rate cuts in the United States, concerns about rising tensions in the Middle East increased today, and investors became more cautious. Israel has been reported to have launched a retaliatory attack against Iran, and although the details are unknown at this stage, if the attack targets important facilities such as nuclear facilities, there will be further concerns about the conflict worsens, and there is a possibility of active buying and selling.

The sharp decline over the weekend was due to the limited number of market participants as earnings releases were expected to begin in earnest from the second half of next week, and was more likely to impact record sales. goals driven by futures. This is an irregular decline, and while there is likely to be a correction at some point, it looks like we will have to wait and see how the situation in the Middle East develops. The search process changes daily depending on the details of the financial results. Furthermore, in terms of risk containment, the focus is likely to be on domestic demand and the value of stocks.

●“5 stocks to watch” that are expected to perform well

◆ Sumitomo Metal Mine5713> [東証Ｐ]
nickel,goldThe company is involved in the smelting of large non-ferrous metals such as silver and copper. The Hishikari Mine, located in northern Kagoshima Prefecture, is being developed by the company and is known as the only gold mine in Japan that consistently produces high-grade gold. Against the background of the increasingly tense situation in the Middle East, gold, a safe asset, tends to attract attention, and it attracts attention as a related stock. The stock price has been making changes since it peaked at 5,479 yen on April 15, but the 25-day moving average (4,860 yen as of April 19), which is going up, is acting as a line support, and the stance is to focus. to push

◆ Nippon Specialty Ceramic Industry5334> [東証Ｐ]
The main business is the manufacture and sale of car parts such as spark plugs. The company uses ceramic technology to power semiconductorWe are considering the production of ceramic substrates for use in With the electrification of power sources, power semiconductors are responsible for electrical control and exhibit excellent energy saving performance.electric vehicle (EV)It is becoming increasingly important as a key tool that is essential to the business, and growth is expected to be high. Also,All solid batteriesIt is also worth noting that the company is proceeding with the development of next generation battery products. The stock price has fluctuated from its high of 5,362 yen since it was listed on April 12, but it will be interesting to see if it rebounds as it nears the 25-day line ( 5,023 yen), which is a support line.

◆ASICS7936> [東証Ｐ]
sportswear andsports equipmentManufacture and sale of. On April 17, the official wear made by the company that will be worn by the Japanese athletes at award ceremonies and other events at the Paris Olympics and Paralympics was announced. With less than 100 days until the opening of the Olympics in Paris, interest in sports is increasing, and demand for related products and footwear is likely to increase. The stock price peaked at 7,360 yen on April 8, the highest level since it was listed, and since then it has started to decline, and recently it has fallen below the 25-day line. However, the price is approaching the 13-week line (6,183 yen), which is considered a support line, and it is considered time for a reversal.

◆ Toyo Fishing2875> [東証Ｐ]
General food manufacturer. The company mainly handles instant noodles, but also handles low temperature foods such as chilled noodles, processed foods such as cooked rice, seafood products, and refrigeration industries. Currently, sales of instant noodles such as the “MARUCHAN” series are strong overseas. In addition, in Japan, the “ChoiFish” series of frozen seafood that is easy to enjoy as snacks, main dishes, or side dishes with alcoholic beverages seems to be making well The stock price peaked at 9,909 yen, the highest level since listing on March 25, and has been stuck in the 8,800 yen to 9,700 yen range, but the 13-week line (8,772 yen), which has been going up, acting as a support line, the time to approach the same line is the time to focus on pushing.

◆ Sojitz2768> [東証Ｐ]
general trading companyCorner of.Famous US InvestorMr. Warren BuffettBerkshire Hathaway, led byBRK.B> decided on April 18 on the terms of issuing yen-denominated bonds. The total amount issued is 263.3 billion yen, which is the second largest yen bond issued by the company in 2019, and there are growing market expectations for additional investment. the Japanese stock such as trading company stocks. The stock price peaked at 4,122 yen, the highest level since listing on March 27, and then started to change, but now that it has fallen to the 75-day line (3,733 yen), I would like to stand to take by aiming to rebound.

(Diary, April 19, 2024)

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