Norman Levine
Nomura Holdings
NMR-N
PAST TOP PICK
May 18, 2007
(A Top Pick May 30/06. Basically flat.) The largest brokerage firm in Japan. Their economy was starting to turn around and he thought the market would follow suit. Japanese yen has declined quite a bit. Just a matter of time.
The largest stock brokerage company in Japan. Likes the outlook for the Japanese market and feels this company will benefit from increased interest in Japan.
His way of having a pure play on the Japanese market. Likes the outlook for the Japanese economy. International investors are being drawn back into Japan.
Brokers have a high correlation to the domestic stock market. If you're bullish on Japan, it's not a bad idea to have a brokerage firm. This one is also one of the leading investment banks in Japan.
(A Top Pick May 9/06. Down 19.5%.) Wanted exposure in the Japanese market and felt that a Japanese broker would be the best way. Too early. Still a believer so would still Buy.
This type of bank gives leveraged exposure to the equity market and volumes in the equity market.
They've had a good run, and is currently fairly valued.
He feels that Japan isn't bullish.
(A Top Pick march 13/07. Down %.) Biggest brokerage firm in Japan. He wanted exposure to Japan. Unfortunately, they got involved with the US subprime market. Sold his holdings quite some time ago.