Stock Research
The overseas New York stock market over the weekend rebounded for the first time in two days.
The April flash Purchasing Managers' Index (PMI) for U.S. manufacturing was 60.6, a high level since the series began in May 2007.
March new home sales (seasonally adjusted annual rate) stood at 1,021,000 units, a 20.7% surge from the previous month and the highest since August 2006.
Riding on the solid U.S. indicators, the S&P 500 index reached a new high.
Next week, Microsoft, Alphabet, Apple, and Facebook are to report their earnings.
On a weekly basis, the Dow fell 0.5%, marking its first decline in five weeks,
the Nasdaq Composite fell 0.3%, marking its first decline in four weeks, and the S&P 500 fell 0.1%, ending the week down for the first time in five weeks.
In the Tokyo stock market on the weekend of the 23rd, the Nikkei Stock Average fell 0.57% for its first decline in two days.
The TOPIX also fell 0.39% for its first decline in two days.
The TSE Mothers (-1.18%), the Nikkei Jasdaq Average (-0.28%), and the TSE 2nd Section (-0.38%) all ended lower for the second day in a row.
The First Section trading volume on the Tokyo Stock Exchange was 955.1 million shares, with trading value of 2.0044 trillion yen.
The number of advancing issues in the First Section was 708 (32%), declining issues 1,376 (62%), with 106 (4%) unchanged.
By industry, 11 sectors rose and 22 sectors fell.
Among the top gainers were air transport, land transport, rubber products, real estate, electric power and gas, other financials, and food products, …
Among the top decliners were steel, machinery, petroleum and coal products, nonferrous metals, transportation equipment, metal products, and electrical machinery, …
For the week, the Nikkei Stock Average fell 2.2%, marking its third straight week of declines (cumulative decline of 2.8%), and the TOPIX fell 2.3%, marking its second consecutive weekly decline.
The TSE Mothers Index fell 3.1%, its fourth straight week of declines. The Nikkei Jasdaq Average fell 1.3%, its fourth consecutive weekly decline,
the TSE 2nd Section Index fell 1.1% for the second week in a row (down 1.4% overall), and the TSE REIT Index fell 0.6%, ending the week with its seventh straight decline.
The Golden Week holidays are finally approaching.
This year also looks set to be a stay-at-home kind of GW period, doesn’t it?
What we’d like is for it to be an environment where we can travel, go out, and drink soon.
From here, I plan to hold only a small amount of positions and buy only if they dip in. I intend to adopt a stance of not accumulating too much.
I would also like to see the Olympics held...