What changed this week 9 Nov 2026
The figures on each site change every morning. This issue lists only what changed in the week since 2 Nov 2026.
In three lines
- No premise call changed from last week.
- No new tender offer or MBO was filed.
- 30 names turned oversold (Mitsubishi Heavy Industries, Furukawa Electric, Sumitomo Electric and others).
Premise calls
| Site | Call | Why |
|---|---|---|
| AI Cycle Watch | ▲ Watch | 1 of 5 warning signs lit |
| Gold Premise Watch | ▲ Watch | 1 of 4 warning signs lit |
| Gold Miners Watch | ● Case holds | 4 of 5 conditions for miners to beat gold hold |
| Power Watch | ● Case holds | Power demand is growing faster than generation and the grid can keep up |
| US–China AI Race Watch | ● Case holds | The US leads on chips, China leads on power |
| Supercycle Check | ▲ Watch | prices are rising, but a new supercycle has not clearly begun |
| Yen & Rates Watch | ▲ Watch | The weak yen holds but is wobbling: 2 of the three checks point toward a stronger yen |
New tender offers and MBOs
No deal was filed this week.
Key figures (last week → this week)
| Site | Item | Value | |
|---|---|---|---|
| AI Cycle Watch | 47 months since ChatGPT | 2.22x → 2.14x | Nasdaq; 1999: 2.85x |
| NVIDIA vs GDP | 14.9% → 13.6% | Cisco in 2000: 5.5% | |
| Capital Cycle | Data-centre capex | 3.6x depreciation → 3.9x depreciation | the most since 2008 |
| Gold Premise Watch | Gold futures | $3,899 → $4,075 | |
| Central bank buying | +49t/mo → +54t/mo | 3-month avg, 2026-08 | |
| Timing Watch | Oversold today | 22 → 42 | of 178 |
| Overheated today | 2 → 3 | of 178 | |
| Yen & Rates Watch | USD/JPY | ¥157.48 → ¥158.30 | a year ago ¥152.95 |
| 10-year JGB | 2.88% → 2.81% | highest since 2026 |
Newly oversold or overheated
| Name | Group | Call |
|---|---|---|
| Mitsubishi Heavy Industries | Power | Oversold |
| Furukawa Electric | Power | Oversold |
| Sumitomo Electric | Power | Oversold |
| Fujikura | Power | Oversold |
| Meidensha | Power | Oversold |
| Hitachi | Power | Oversold |
| Mitsui Kinzoku | Power | Oversold |
| Mitsubishi Materials | Power | Oversold |
| JX Advanced Metals | Power | Oversold |
| Daihen | Power | Oversold |
| Fuji Electric | Power | Oversold |
| Inbound Platform Corp. | TOB candidates | Oversold |
| SANDEN CORPORATION | TOB candidates | Oversold |
| Flier Inc. | TOB candidates | Oversold |
| visumo Inc. | TOB candidates | Oversold |
| GMO Internet, Inc. | TOB candidates | Oversold |
| Koyou Rentia Co., Ltd. | TOB candidates | Oversold |
| GMO Commerce, Inc. | TOB candidates | Oversold |
| TETSUJIN Holdings,Inc. | TOB candidates | Oversold |
| GLOE Inc. | TOB candidates | Oversold |
| Daikokuya Holdings Co.,Ltd. | TOB candidates | Oversold |
| BeeX Inc. | TOB candidates | Oversold |
| The Sailor Pen Co.,Ltd. | TOB candidates | Oversold |
| HOKURIKU ELECTRICAL CONSTRUCTION CO.,LTD. | Value | Oversold |
| AIDA ENGINEERING, LTD. | Value | Oversold |
| Oceaneering International Inc | Value | Oversold |
| ICHIKEN Co., Ltd. | Value | Oversold |
| ENDO Lighting Corporation | Value | Oversold |
| DAIICHI JITSUGYO CO., LTD. | Value | Oversold |
| Shinwa Co., Ltd. | Value | Oversold |
| Best Buy Co Inc | Value | Overheated |
How the calls are made and how far to trust them: Timing Watch evidence
Value Watch: in and out
Added
- DAIICHI JITSUGYO CO., LTD. #24 in Japan · EV/EBIT 3.8x
- Aptiv PLC #6 in the US · EV/EBIT 6.9x
- ANTERO RESOURCES Corp #9 in the US · EV/EBIT 7.9x
- Oceaneering International Inc #30 in the US · EV/EBIT 10.4x
- Black Stone Minerals, L.P. #41 in the US · EV/EBIT 11.5x
Dropped
- Gamecard Holdings,Inc.(旧英訳名 Gamecard-Joyco Holdings,Inc.)(注)2025年6月19日開催の定時株主総会の決議により、2025年10月1日か ら会社名及び英訳名を上記の通り変更いたしました。
- TAISEI ONCHO CO., LTD.
- ALLIED TELESIS HOLDINGS K.K.
Past issues
- 2 Nov 2026 Premise calls changed: AI Cycle Watch Holds → Watch; Gold Miners Watch Watch → Holds.
- 26 Oct 2026 Premise calls changed: Gold Miners Watch Holds → Watch.
- 19 Oct 2026 No premise call changed from last week.
- 12 Oct 2026 Premise calls changed: Yen & Rates Watch Holds → Watch.
- 5 Oct 2026 No premise call changed from last week.
- 1 Oct 2026 Premise calls: 5 hold, 2 on watch, 0 broken (compared week by week from this issue on).
Built mechanically every Monday morning from each site's own data (no AI). Not investment advice.