(Bloomberg) — It goes without saying that investors in Japan should watch what the Prime Minister is doing. But with Yoshihide Suga now in power, it pays to follow a little more closely.
Shares in GMO Internet Inc., a tech conglomerate, jumped as much as 5.5% on Thursday after founder and CEO Masatoshi Kumagai tweeted that he’d had dinner with Suga to discuss the prime minister’s digital reforms. Some of the GMO group’s other listed units surged by their daily limit, in expectation of its involvement in the shift to digital.
Roku (ROKU) – Get Report soared Monday after the streaming platform announced a deal to carry NBCUniversal’s Peacock streaming service on its devices.
NBCUniversal is owned by Comcast (CMCSA) – Get Report.
Analysts reacted positively to the news for both Roku and Comcast. Roku will receive “top-end premium inventory and subsequent pricing leverage on its [connected TV] premium ad bundles,” in addition to negotiating power with other major networks, said Rosenblatt Securities.
The firm has a buy rating and $195 price target on shares of Roku.
Analysts at Benchmark said the deal could help Peacock. Benchmark has a buy rating and $54 price target on Comcast.
Roku recently traded at $183.98, up 14.65%, and has climbed 37% this year. Comcast recently traded at $43.69, down 3.47%, and has slid 3% year to date.
Peacock provides access to more than 20,000 hours of on-demand movies and