Nine carefully selected stocks are presented in anticipation of a volatile market, with the rationale for stock selection ahead of the volatility-prone period in September and October. Specific stock names and their trends are listed, and further reports on potential catalysts are expected.
Kabutan News' analysis highlights the volatility-prone seasonal pattern in September and October, identifying Japan's corporate fiscal year-ends, SQ dates and monetary policy events in the US and Europe as factors affecting the market. It suggests that US mutual fund fiscal-year-end trends and interest-rate outlooks in Japan, the US and Europe will affect equity supply and demand.
ECB Governing Council and US FOMC meetings, along with the Bank of Japan's monetary policy meeting, are scheduled from mid-September onward. The scale and number of rate hikes and yen movements are cited as key points of interest. Views on the level of purchasing power parity are also mentioned against a backdrop of growing upward pressure on the yen, with the stock selection expected to focus on names capable of responding to external conditions.
Specific stocks highlighted include Tohoku Electric Power, Tokio Marine Holdings, Kioxia Holdings and SoftBank Group. These stocks are said to have been subject to a succession of investment-rating upgrades by major brokerages. Kioxia's buyback amount is viewed as providing a solid floor under the share price, while the analysis also notes the advantage of securing rights ahead of Tokio Marine's stock split.
Other small-cap names, including Terra Drone, YE DIGITAL, Headwaters, Northsund and ジーデップ・アドバンス, are also cited as candidates attracting attention, with the analysis suggesting that an aggressive approach to individual stocks may be effective.