David Driscoll
Mitsubishi UFJ Financial Group
MUFG-N
PARTIAL BUY
Jul 02, 2024
Is Japan's leading financial, but the Japanese Yen has fallen against the strong USD, so it comes down to currency now. The weak Yen helps Japanese companies like MUFG, but the company is in the penalty box for sharing financial client data between their commercial and investment banking arms. They benefit from the semis boom, though. The dividend is good and the company has been performing well. Start with a half position and if the shares decline, dollar-cost average.
In an uptrend of higher highs and higher lows. Up is good, down is bad ;) Clearly looks to be above the 200-day MA. Good stock. Buy on dips, and it appears to be pulling back to trendline right now.
Is Japan's leading financial, but the Japanese Yen has fallen against the strong USD, so it comes down to currency now. The weak Yen helps Japanese companies like MUFG, but the company is in the penalty box for sharing financial client data between their commercial and investment banking arms. They benefit from the semis boom, though. The dividend is good and the company has been performing well. Start with a half position and if the shares decline, dollar-cost average.