I want to be cautious of the early summer drought market, as the top 15 large-cap stocks have risen significantly since the drawdown in April | Investment Tips | Moneyクリ Monex Securities' investment information and media helpful for money.

In the June 24 morning edition of the Nikkei Shimbun, the Scramble section titled "The 'Demon Gate' of July Approaching Japanese Stocks: Favorable Supply and Demand Nearing Expiration" raises alarms about the selling pressure typically associated with supply and demand factors in July. Therefore, this time, I would like to check the valuations of the top 15 stocks with the highest rise rates in the TOPIX 500 index compared to the Nikkei average's year-to-date low on April 7.

Looking at the list, it includes semiconductor-related stocks, electric wire stocks that anticipate AI demand, and defense-related stocks stemming from the U.S. nationalism and the escalating situation in the Middle East. When examining valuation indicators, the PER (price earnings ratio) shows that more than half of the stocks have a percentile value of over 75% compared to the past five years, and there are also several stocks evaluated as overbought with a 14-day RSI exceeding 70%, indicating short-term trading overheating. Considering these factors, it can be said that there are stocks that could face adjustments, as profit-taking sales may occur during times of supply and demand deterioration. On the other hand, short-term adjustments or declines to appropriate stock prices can also be seen as buying opportunities, and we would like to pay attention to the trends of these stocks as summer approaches.

Be cautious of the summer doldrums. Here are the top 15 large-cap stocks that have significantly risen since the drawdown in April.