-- Warren Buffett’s buying of Japanese trading firms helped propel the nation’s stocks to multi-decade highs. Six months on, insurers and banks are emerging as the next potential value targets.Schumer Confronts Xi on Israel-Hamas Stance in Rare Meeting
“Buffett likes businesses that are unsexy, boring yet have solid fundamentals and attractive valuations,” said Sparx’s Takeda, who can envisage the US investor looking at major insurers Tokio Marine Holdings Inc., Sompo Holdings Inc. and MS&AD Insurance Group Holdings Inc. “The thesis for trading companies has probably played out already quite well.”
“If wage increases become clearer at the beginning of next year, and if interest rates in Japan are sure to rise, Buffett may buy in early next year,” said Masatoshi Kikuchi, the chief equity strategist at Mizuho Securities. “I think there is still potential for major bank stocks.” “Buffett will continue buying Japanese trading companies,” Bito said. “This investment has been one of the best he has made in recent years.”Walgreens pharmacy staffers stage walkouts over work conditions
The Prince and Princess of Wales shared the results of a survey conducted through their Royal Foundation for World Mental Health DayBirkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion
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