Tokio Marine (TKOMY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer's expanding international business told Reuters. Tokio Marine's international business has grown to more than 50% of the company's profits, compared with less than 3% 20 years ago, with its most recent large acquisitions in the U.S. market. "Something we could do relatively easily would be in the $10 billion range," Chris Williams, co-head of Tokio Marine's international business said in an interview on Monday.