Nidec (OTCPK:NJDCY) (6594.T) has participated in the global industrials rally that has also benefited names like Yaskawa (OTCPK:YASKY) and Fanuc (OTCPK:FANUY),
with the same basic result – although Nidec has a bright future as it
looks to transition its business to new growth opportunities in EVs,
appliances, and industrial motors and controls, the recent rally has
already factored in a strong rebound in the underlying business. I’m
still bullish on the company, but it’s harder to argue for the stock
after the 20%-plus rally since my last update and this is a name I’d flag for a pullback.
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Nidec Is A Name To Watch When Industrials Cool
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