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Highlights from Zacks analyst blog: Nomura Research Institute, Nissan Motors and Sumitomo

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Chicago, IL – December 28, 2021 – announces the list of stocks featured on the Analysts Blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Recent actions featured in the blog include: Nomura Research Institute, Ltd. NRILY, Nissan Motors Co., Ltd. NSANY and Sumitomo Corporation SSUMY.

Here are highlights from Monday’s analyst blog:

Goodbye 2021: the coming global week

This is the last global week ahead for 2021.

2022 comes into play at the end of the week.

All the tasks of the global information service at the moment? Carefully inform traders of the latest signs of the rapidly spreading Omicron COVID variant.

According to Reuters –

(1) Omicron Variant News dominates

How could this mutated COVID virus impact the economy and earnings of the United States and the world as the stock markets head into a historically strong period for stocks?

Overall, the S&P 500 has been slightly ahead since November 24, before the variant was announced.

The S&P 500 set a record close on Thursday, December 23 at 4,726, as encouraging developments gave investors more ease as to the impact.

The Omicron variant doubles infections in 1.5 to 3 days, according to the World Health Organization (WHO). The variant now accounts for 73% of all new cases in the United States, up from less than 1% at the start of the month.

Still, questions about Omicron’s virulence made investors less pessimistic than the initial reaction. The S&P 500 closed down -2.3% on November 26 after the variant was discovered, over fears of further economic bottlenecks.

A South African study offered hope for the severity of Omicron and the trend of COVID-19 infections on Wednesday, December 22.

Vaccine makers’ stocks have collapsed in December, investors expecting the impact of the Omicron variant to be limited based on recent data.

(2) A gathering of Santa Claus already presented

Historically, U.S. stocks have risen in the last five trading days of December and the first two days of January – 56 out of 75 years since 1945, according to data from CFRA Research.

This year the period begins today, December 27.

The average Santa rally has pushed the S&P 500 up + 1.3% since 1969, according to Stock Trader’s Almanac.

It is unclear how much Wall Street analysts expect Omicron to affect earnings and the economy. Estimated earnings growth for the S&P 500 in 2022 was + 8.3% as of Friday, December 24, up from + 8.0% in early December, according to data from Refinitiv.

Goldman Sachs reduced its estimate of US GDP growth to + 3.8% from + 4.2% due to the uncertainty of the impact of the Omicron wave.

(3) Any good news from Senator Manchin in perspective?

While there is likely to be some economic impact from Omicron, consumer spending in the United States is likely to remain strong, said Cliff Hodge, CIO of Cornerstone Wealth.

He is focusing on any signs that Senator Joe Manchin (D-WV) could reach a deal to back President Joe Biden’s $ 1.75 billion climate and social spending bill.

Manchin, who would provide one of the key votes to pass the bill in a divided Senate, said on Sunday (December 19) that he could not support the bill in its current form. Senate Majority Leader Chuck Schumer (D-NY) said the Senate will vote on the bill in early January.

“We need a bit of good news – whether it’s on the Manchin front or the Omicron front – to start a rally,” Hodge said. “We are fully invested and anticipate a small rally of relief in January.”

Zacks # 1 Top Stocks (Strong Buy)

Here are three large-cap Japanese stocks on our current # 1 list.

(1) Nomura Research Institute: This is now classified as a “technology services” company, although IT financial services may be more specific.

The shares are trading at $ 43. The market capitalization is $ 26.3 billion. I see a Zacks Value score of F, a Zacks Growth score of B, and a Zacks Momentum score of A. The F12M P / E ratio is 38.1.

(2) Nissan Engines: It’s the automaker.

The shares are trading at a paltry $ 9.80 each. The market capitalization is $ 20.7 billion. I see a Zacks Value score of A, a Zacks Growth score of B, and a Zacks Momentum score of B. The P / E F12M assessment ratio is 12.0.

(3) Sumitomo: Diversified operations is what this company does.

I see a paltry share price of $ 14.70. The market capitalization is $ 18.4 billion. I see a Zacks Value score of A, a Zacks Growth score of D, and a Zacks Momentum score of B. I have seen a very low F12M P / E valuation ratio of 5.7.

Will traders and investors care about Japanese stocks in 2022? They mostly ignored them in 2021.

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5 actions in the process of doubling

Each was selected by a Zacks expert as the # 1 favorite stock to earn + 100% or more in 2021. Previous recommendations climbed + 143.0%, + 175.9%, + 498.3% and + 673.0%.

Most of the stock in this report is flying under Wall Street’s radar, which provides a great opportunity to get into the ground floor.

Today, discover these 5 potential circuits >>

Click to get this free report

Nissan Motor Co. (NSANY): Free Stock Analysis Report

Sumitomo Corp. (SSUMY): Free Stock Analysis Report

Nomura Research Institute (NRILY): Free Stock Analysis Report

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