Does Tokyo Electron Ltd. (TOELY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Japan's Nikkei share average closed little changed on Tuesday, as gains in chip-related stocks offset declines by heavyweights such as Uniqlo-owner Fast Retailing and Nissan Motor. The Nikkei's three biggest supports were in the semiconductor sphere, led by chipmaking-equipment giant Tokyo Electron, as they tracked a record rally in U.S. peer Nvidia. However, Nissan slumped nearly 4% after an update to its medium-term business plan that underwhelmed investors.
Japan's Nikkei share average oscillated between small gains and losses on Tuesday, as gains in chip-related stocks offset declines by heavyweights such as Uniqlo owner Fast Retailing and Nissan Motor. Three of the Nikkei's four biggest supports were in the semiconductor sphere, led by chipmaking-equipment giant Tokyo Electron, as they tracked a record rally in U.S. peer Nvidia. However, Nissan slumped more than 4% after an update to its medium-term business plan post a market close on Monday that underwhelmed investors.