Japan Hot Stocks-Exporters, Panasonic

TOKYO, Aug 13 (BestGrowthStock) – The benchmark Nikkei average
(.N225: ) and the broader Topix (.TOPX: ) both fell about 0.4
percent on Friday.

The following stocks were on the move:
**EXPORTERS WEAK; WORRY ABOUT SLOW ECONOMIC RECOVERY WEIGHS**

Shares of exporters stayed under pressure after weakness in
the U.S. jobs market underscored the sluggish economic recovery.
[.N]

Sony Corp (6758.T: ) fell 0.7 percent to 2,545 yen and Tokyo
Electron Ltd (8035.T: ) slipped 0.6 percent to 4,260 yen.

Automakers also fell, with Toyota Motor Corp (7203.T: ) down
0.5 percent at 3,015 yen and Honda Motor Co (7267.T: ) retreating
1.1 percent to 2,767 yen.
0045 GMT
**PANASONIC (6752.T: ) CLIMBS AFTER BROKERAGE UPGRADE TO “BUY”**

Shares of Panasonic Corp rose 2 percent to 1,086 yen after
Goldman Sachs raised its rating on the stock to “buy” from
“neutral”, saying the brokerage sees a good medium-term buying
opportunity.

“We think equity finance is the last negative catalyst and
think the market will focus on medium-term growth,” Goldman Sachs
analysts wrote in a client note.

Panasonic has said it would buy out subsidiaries Sanyo
Electric (6764.T: ) and Panasonic Electric Works (6991.T: ) for up
to $9.4 billion in cash and shares to accelerate its push into
greener businesses.

The company has also said it would raise up to 500 billion
yen in a new share issue to bolster its finances after
completing the buyouts. Panasonic will launch a public tender
offer for the two subsidiaries from Aug. 23 to Oct. 6.
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0029 GMT
(Reporting by Aiko Hayashi; Editing by Edmund Klamann)

Japan Hot Stocks-Exporters, Panasonic