These 4 Japanese stocks are trading at a 'deep discount': Bernstein

Japan's stock market has rebounded from last week's sell-off and investment firm Bernstein sees promise looking ahead, recommending a specific trading strategy and naming overweight-rated stocks. Japan's broad-based Topix index plunged 12.23% on Aug. 5 and the benchmark Nikkei 225 index fell 12.4% — its worst decline since 1987′s "Black Monday." Both indexes have since recouped some losses, with the Topix and Nikkei ending 2.83% and 3.45% higher respectively on Tuesday.

They also trade as American Depository Receipts in the U.S. All stand out for having substantial upside potential, according to FactSet's consensus price targets. Stocks trading at a 'deep discount' Among the names on the bank's screen is video games company Nintendo . It made headlines after revenue and profit for the first fiscal quarter plunged as sales of its aging Switch console declined. Nintendo's shares tanked following the announcement, but remain up 5.

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Japan stocks rebound 8% after Japan's historic losses; other Asia markets also open higherThe rebound follows a sharp sell-off in the U.S. with the Dow and the S&P 500 notching their worst sessions since September 2022.
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