Daily BriefsJapan

Japan: Z Holdings, iShares MSCI ACWI ETF and more

In today’s briefing:

  • Z Holdings (4689) | The Expanding Opportunity in E-Commerce
  • Inflation Peaking?; ACWI, ACWI Ex-US Near Support; Many Bottoms-Up Stock Recommendations

Z Holdings (4689) | The Expanding Opportunity in E-Commerce

By Mark Chadwick

  • Z Holdings has the best ecosystem in Japan with 30% top line growth over the past year
  • We think that Z HD can out grow the competition in E-Commerce this year by leveraging group synergies
  • Z HD has earmarked an aggressive ¥35b to grow its Commerce Business this year 

Inflation Peaking?; ACWI, ACWI Ex-US Near Support; Many Bottoms-Up Stock Recommendations

By Joe Jasper

  • Many indexes (ACWI-US,ACWX-US,etc.) are near support, and we could see a bear market bounce, but until these indexes reverse their downtrends and break above resistance levels, we cannot be bullish.
  • On a positive note, we are starting to see signs that inflation is peaking, as commodity prices have pulled back substantially, and the Energy/Materials Sectors are under significant pressure.
  • If inflation and commodity prices have indeed peaked, global equities are likely in the early stages of a bottoming process.

Before it’s here, it’s on Smartkarma