|Bid||3.9000 x 1800|
|Ask||3.9100 x 1800|
|Day's Range||3.8850 - 3.9500|
|52 Week Range||3.5700 - 5.9800|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||14.17|
|Forward Dividend & Yield||0.05 (1.35%)|
|1y Target Est||4.62|
Morgan Stanley's (MS) acquisition of an additional 5.5% stake in its China mutual funds joint venture for $3.73 million will make it the largest shareholder.
Japan’s largest brokerage has dropped almost 3 percent in Tokyo trading since Chief Executive Officer Koji Nagai unveiled a sweeping overhaul plan on April 4, bringing its six-month slide to 23 percent. Nomura’s valuation discount versus global financial companies deepened to 58 percent this week, the widest gap since Bloomberg began tracking the data in 1999.
There's a lot of chaos in Europe right now. There's been a major slowdown in China, and Japan, Italy (and soon Germany) are in a recession. And, of course, there's Brexit -- the most chaotic mess of them all.Here's a quick recap: Back in late June 2016, Britain voted to leave the European Union (EU). The vote shocked the world, especially the EU and even the people of Britain. So, in the nearly three years since, the EU and British Parliament have failed to come to a deal, and the initial Brexit date of March 29, 2019 has passed.So far, Prime Minister Theresa May has failed multiple times to convince Members of Parliament (MPs) to approve her revised exit plans. In fact, she even offered to resign if the MPs agree to Brexit. The reality is that most MPs are not in favor of Brexit, and are secretly hoping for a second referendum vote.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut now the EU has another big problem on its hands. This morning, President Trump announced billions in new tariffs:The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop!-- Donald J. Trump (@realDonaldTrump) April 9, 2019The stock market stumbled on the news, with the Dow falling more than 200 points, though it did bounce back into the close after the "smart money" jumped in later in the afternoon.So, what does this mean for stocks going forward? And should you be worried?My answer is no. That said, I also suggest taking a more domestic investing approach.The U.S. is the oasis around the world. Our economy is resilient and on track for solid 2% growth this year. That makes the United States a safe haven for investors all over the world. (The strong dollar is great evidence of that.) So, the best investments remain in domestic companies.But it's not always that simple, since many stocks are multinationals these days.This being the case, you don't want to "throw the baby out with the bathwater" by ditching great investments. But, at the same time, you certainly don't want your portfolio dragged down by too much exposure to the situations I mentioned before.That's where my Portfolio Grader comes in.My ratings tool does not know what Theresa May, Donald Trump, Angela Merkel, or anyone else is doing and saying. But it does know where big money is flowing. And when that nozzle shuts off, it's time to take a second look. Over many years, I've found that this type of money flow is the biggest determining factor in an investment's success (or failure).You also want to look at the fundamentals. And if a multinational company's earnings, sales, cash flow, etc. aren't so hot now…then its exposure to Brexit and trade wars certainly isn't going to help matters!With that in mind, these are stocks to watch -- and avoid:Company Symbol Quantitative Grade Fundamental Grade International Game Technology PLC NYSE:IGT F D MoneyGram International NASDAQ:MGI F C Nordic American Offshore Ltd. NYSE:NAO F C Nomura Holdings (ADR) NYSE:NMR F F Ryanair Holdings PLC (ADR) NASDAQ:RYAAY F D Telecom Italia (ADR) NYSE:TI.A F D Venator Materials PLC NYSE:VNTR F D Some of them are U.K.-based, right in the middle of the Brexit mess. Nomura is not only Japan's largest asset manager -- but does plenty of European business from its London office. Telecom Italia isn't faring much better, with the economic malaise there. And the rest have exposure to all sorts of troubled economies.As you can see, Portfolio Grader gives all of these vulnerable stocks an "F" for their Quantitative Score, my proprietary indicator of money flow.Instead, money is flooding into stocks that have much stronger fundamentals, AND another key factor of success: a healthy dividend.By that, I mean a dividend with a long history…that's growing over time…and comes from a business that can sustain that in the future.In a world of slow growth -- and no yield -- these are the companies that will do well on Wall Street…while the others struggle.I call them "Money Magnets." And you can see exactly what makes them such a compelling opportunity at this link.Even in troubled times, money has to go somewhere. It'll just go into fewer and fewer stocks.Which makes these stocks a cash cow to those of us who get positioned now.It's not too late. But I'd hate for anyone to look back on this in a few months, and wish they'd acted. Because there won't be much I can do about it then.So, be sure to check out my Money Magnets briefing -- free at this link.Compare Brokers The post 7 Vulnerable Stocks to Watch On Brexit News and Trade Wars appeared first on InvestorPlace.
Nomura plans to sell about 150 billion yen of the notes, while Daiwa Securities Group Inc. will handle about 90 billion yen and SMBC Nikko Securities Inc. about 80 billion yen, the people said, asking not to be identified because the matter is private. The sale is aimed at individual investors and will help SoftBank repay a mountain of debt coming due over the next six months. It will also be SoftBank’s second mammoth fundraising from public investors within six months, following the December initial public offering for its telecom unit that raised more than 2 trillion yen mainly from individual investors.
To lower losses at its struggling operations in the United States and Europe, Nomura (NMR) intends to cut jobs and reduce branches across wholesale business.
Banking stocks rallied on subdued investors' concerns regarding global economy growth and easing regulations.
After three straight quarters of losses, the Japanese investment bank unveiled plans to cut $1 billion in costs from its struggling wholesale business. Ever since it bought Lehman Brothers Holdings Inc.’s Asian and European assets more than a decade ago, Nomura’s on-again, off-again attempts to build up overseas have been familiar to investors. The cuts within Japan – including shuttering 30 of its 156 domestic retail branches – make sense in an increasingly online world of stock and bond trading, particularly against the backdrop of a sluggish economy.
Japan’s largest securities firm will cull about 150 jobs across the Americas and Europe, the Middle East and Africa on top of reductions in Hong Kong and Singapore as part of the overhaul, people with knowledge of the matter said. Nomura executives told investors they intend to shrink the bank’s presence in dicier trading businesses overseas in favor of “risk-light” transactions for clients. “To restart this company” as a new Nomura, “I have to commit myself to proceeding quickly with efforts to build a muscular base,” Chief Executive Officer Koji Nagai told investors.
Nomura Holdings, Inc. (NYSE:NMR) investors should be aware of an increase in enthusiasm from smart money lately. NMR was in 5 hedge funds' portfolios at the end of December. There were 2 hedge funds in our database with NMR holdings at the end of the previous quarter. Our calculations also showed that NMR isn't among […]
Japan's Nomura Holdings will cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches in its latest overhaul, the ailing bank said on Thursday. Nomura also plans to axe about 100 jobs in London -- the centre for its European investment banking business -- as part of the overhaul, a banking source told Reuters. The wholesale segment has been dragging on the performance of Japan's biggest brokerage and investment bank, pushing it to its heaviest quarterly loss in nearly 10 years in the three months to December.
Japan's Nomura Holdings will cut $1 billion (760.23 million pounds) in costs from its wholesale business and shut more than 30 of 156 domestic retail branches in its latest overhaul, the ailing bank said on Thursday. Nomura also plans to axe about 100 jobs in London -- the centre for its European investment banking business -- as part of the overhaul, a banking source told Reuters. The wholesale segment has been dragging on the performance of Japan's biggest brokerage and investment bank, pushing it to its heaviest quarterly loss in nearly 10 years in the three months to December.
Japan's Nomura Holdings is to axe around 100 jobs in London as part of a restructuring of its global business, a source at the bank told Reuters on Thursday. Nomura said earlier it would cut $1 billion in costs from its wholesale business and shut more than 30 of its 156 domestic retail branches, in its latest attempt to turn around its struggling business. Japan's biggest brokerage and investment bank will shed about 100 positions in London, which is the centre for its European business, said the source, who declined to be named.
Most of the job cuts will target rates and credit traders at Nomura’s London-based Europe, Middle East and Africa division, said the person, who requested anonymity as the numbers aren’t final. The Japanese brokerage plans to reduce costs at its so-called flow businesses in the EMEA region by 50 percent as part of a sweeping range of job cuts, Co-Chief Operating Officer Kentaro Okuda said in a presentation Thursday. The Japanese bank has struggled to generate profits in Europe ever since it bought Lehman Brothers Holdings Inc.’s operations there in 2008.
Japan’s largest securities firm is slashing the bulk of its equities research operation in Singapore, according to the people, who asked not to be identified because the cuts aren’t public yet. Under Chief Executive Officer Koji Nagai, Nomura has been losing money abroad while revenue at its mainstay domestic retail business has dropped for four straight quarters. Nagai, 60, is scheduled to unveil his latest strategy to investors in Tokyo later Thursday.
Approval for majority-owned joint ventures by the Chinese regulator will help expansion of operations for both JPMorgan (JPM) and Nomura (NMR).
JPMorgan Chase & Co and Nomura Holdings Inc on Friday received Chinese regulatory approval to set up brokerage joint ventures, in the latest step to widen foreign firms' access to the financial sector. The China Securities Regulatory Commission (CSRC) told a news conference in Beijing it would resolutely implement a national policy of further opening up its market. JPMorgan and Nomura did not have an immediate comment.
Executives at the Tokyo-based firm may shed more than 100 traders and bankers across its overseas units, according to the people, who requested anonymity as the information isn’t public. The bulk of the reductions are likely to come at Nomura’s troubled European business, which has lost billions of dollars in the past decade, the people said. Nomura Chief Executive Officer Koji Nagai and his wholesale banking head Steven Ashley are under pressure to turn around the international parts of the group after years of failing to produce sustainable profits.
The market took a tumble on Friday, with the Dow shedding more than 450 points. The pullback was largely due to the "inverted yield curve," which in the past has been a sign that a recession is on the horizon. So, investors panicked and looked for stocks to sell.Remember, an inverted yield curve is when short-term rates, like the three-month Treasury, move higher than the 10-year Treasury. This is exactly what happened on Friday. Not only that, but over in Europe, the German 10-year Bund yields slipped below 0%. This was due to a purchasing managers index (PMI) figure for the Eurozone that came in at the weakest reading in six years.Luckily, the Federal Reserve remains very sensitive to global events like slowing growth in China and Europe, as well as weaker economic data here in the United States. The Fed is anticipating 2.1% U.S. GDP growth in 2019, so it can afford to be patient moving forward. This is why they've tapped the brakes on raising key interest rates in 2019. And last Wednesday's dovish FOMC statement drove Treasury yields to their lowest level in the past 12 months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs a result, we experienced a five-basis-point Treasury yield curve inversion that spooked the stock market.Ultimately, the market was extremely overbought, so it was due for a breather. And the international flight to quality that's already underway -- due to the ongoing Brexit mess -- will continue to drive investors back to more domestic stocks with strong fundamentals. Lower Treasury yields are bullish for these stocks, which will attract money that's rotating out of bonds. * 7 Reasons to Buy Housing Stocks in 2019 However, I should add that these fundamentally superior stocks are growing increasingly scarce. The stock market is growing "narrower," especially with the 2019 pension funding season near an end and the first-quarter earnings season around the corner.Many multinational companies will struggle during this upcoming earnings season. This is mainly due to more difficult year-over-year comparisons. So, the narrow stock market will "funnel" money into more domestic stocks that can maintain strong sales and earnings.The bottom line: We are entering a stock pickers' market. So, it's more important than ever to stay laser-focused on stocks that can sustain strong earnings momentum.As for the ones that can't, well…look out below.My advice at this "fork in the road" is to purposefully avoid companies that simply don't measure up. And that's just the sort of assessment I designed my Portfolio Grader to do.Portfolio Grader assesses stocks on two key metrics: a Fundamental Grade and a Quantitative Grade.With the fundamentals, I want to see strong growth in sales, earnings and operating margins, as well as positive earnings surprises, upward revisions in Wall Street analyst's earnings forecasts, and strong cash flow, to name a few. Essentially, if a company is struggling to sell its products or is spending more than it makes, it's not a stock that you want to own for growth.That all being said -- I'm even more interested in a stock's Quantitative Grade. This basically tells us if it is experiencing strong buying pressure.When money is flooding into a stock, it gives it great momentum to rise going forward. So, I believe in "following the money" -- and these 10 are stocks to sell, as they are seeing extremely poor money flow, in addition to weak fundamentals: Stock RatingDean Foods (NYSE:DF) F Legg Mason (NYSE:LM) F Nomura Holdings (ADR) (NYSE:NMR) F Nu Skin Enterprises (NYSE:NUS) F Castle Brands (NYSEAMERICAN:ROX) F Ryanair Holdings Plc (ADR) (NASDAQ:RYAAY) F EchoStar (NASDAQ:SATS) F TiVo (NASDAQ:TIVO) F Tata Motors (ADR) (NYSE:TTM) F XPO Logistics (NYSE:XPO) F In the end, you'll find it's worthwhile to perform this "due diligence." And whether you're looking for stocks to buy or stocks to sell, my Portfolio Grader makes that simple and easy.Now, there are plenty that are seeing positive momentum -- in earnings/sales, as well as buying pressure. It's just important to find the right ones.The good news is that I've just recommended a stock for Accelerated Profits that knocks it out of the park in both respects. It's such a strong company that it holds the number-one ranking on my Accelerated Profits Buy List.This stock is still trading a little below my recommended buy limit, so now is the perfect time to check it out. If that interests you, click here to sign up and hear more.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains * 5 Semiconductor Stocks That Are Scorching Hot Buys Compare Brokers The post 10 F-Rated Stocks to Sell in This Narrow Market appeared first on InvestorPlace.
Foreign banks are being enticed to expedite their process of entering China markets as the country sets rules to strengthen its wealth management industry's risk practices.