A bright future for Nintendo
Video game stocks have proven to be popular this week (GameStop mania). While you won't see the same returns as GME, Nintendo is a more stable investment of the brand that many of us grew up with. This company has potential for further growth in their neighbouring China.
“China is important to Nintendo because the country does not yet have a console culture in the same way that the U.S. or Japan does, which represents a growth opportunity for the company.”
Source:
Search Reuters article titled: Exclusive: Nintendo ships 1 million Switches in China since late-2019 launch. (TradingView doesn't allow me to post the link.)
The orange line represents the NIKKEI futures index. Compared to Nintendo there's a short term crack in correlation ("manipulation"), stocks are being suppressed in anticipation for the earnings come February 1st. Historically February has shown to be a bullish month for Japanese equities.
There is an old high at 73 200 yen which will inevitably be traded through. A quick move to the upside is to be expected, while this stock is also an excellent long term hold in your portfolio.
“China is important to Nintendo because the country does not yet have a console culture in the same way that the U.S. or Japan does, which represents a growth opportunity for the company.”
Source:
Search Reuters article titled: Exclusive: Nintendo ships 1 million Switches in China since late-2019 launch. (TradingView doesn't allow me to post the link.)
The orange line represents the NIKKEI futures index. Compared to Nintendo there's a short term crack in correlation ("manipulation"), stocks are being suppressed in anticipation for the earnings come February 1st. Historically February has shown to be a bullish month for Japanese equities.
There is an old high at 73 200 yen which will inevitably be traded through. A quick move to the upside is to be expected, while this stock is also an excellent long term hold in your portfolio.
Nota
Small mistake, seasonal tendency for Nikkei is to be flat around February. Keep an eye on the stock and look for favorable conditions.
Penafian
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