TOPIX has hit a record high, and stock picking is broadening, particularly toward companies reporting strong earnings. Veritas EYE highlights Panasonic HD, TDK and Nippon Steel as stocks to watch.
TOPIX has reportedly hit a record high, with investors broadening their stock picking against a backdrop of strong corporate earnings. The article says interest is likely to remain focused on companies reporting strong earnings.
A feature in Veritas EYE highlights Panasonic Holdings and TDK as stocks attracting attention after being regarded as having made a strong start in their April-June results. It also discusses sector movements following the correction that had preceded this development.
For Nippon Steel shares, non-AI exposure, undervaluation and strong earnings are cited as conditions for winners, providing a perspective on the outlook for related stocks. The article also includes commentary that the correction in AI semiconductor stocks is already regarded as being about 70% complete.