Tuesday, April 30, 2019

Nidec Is A Name To Watch When Industrials Cool

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.

Click here to continue:
Nidec Is A Name To Watch When Industrials Cool

No comments: