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
- 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
- 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