In today’s briefing:
- Japan Morning Connection: Recruit’s 20% ADV Buyback Should Run Out of Bullets Early Nov
- Ohayo Japan | U.S. Stocks Closed at Record High
Japan Morning Connection: Recruit’s 20% ADV Buyback Should Run Out of Bullets Early Nov
- New highs for Intuitive Surgical on the success on its Da Vinci surgical robot sets a good tone for Sysmex.
- R/E related plays including homebuilders jumping with Blackstone +8% in 2-sessions Thurs/Fri.
- Recruit is rapidly running out of buyback bullets, and while it may reload it is priced to perfection and is looking vulnerable to correction.
Ohayo Japan | U.S. Stocks Closed at Record High
- U.S. stocks closed at record highs Friday, continuing a robust streak fueled by Netflix’s strong earnings
- In commodities, gold prices surged to a record $2,700 per ounce, driven by investor demand for safe-haven assets amid ongoing Middle East tensions.
- Essilor Luxottica, the world’s largest eyeglass manufacturer, increased its stake in Nikon from 5.10% to 7.38%
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