Big tech is keeping us busy at Magic Markets, with another tech giant (Amazon) due to be covered in Premium this week. We do the hard yards for you, bringing you high quality weekly research for just R99/month or R990/year. Subscribe here and give yourself an advantage>>> Ghost BitesAll scheme conditions for Walmart's acquisition of Massmart have been met and the delisting is scheduled for 22 NovemberGold Fields is now in a bidding war for Yamana Gold and the share price rallied in celebra tion that the deal might fall throughMC Mining has raised AUD40 million through a rights issueMTN has grown revenue and margins at group level and the medium-term guidance is unchanged - I still like MTN and I'm happily holdingTo get to grips with these stories and several others on the JSE, read Ghost Bites here>>> Farewell, MassmartThe important dates for the delisting of Massmart have been announced. You can find the t imetable and other important final details here>>> Winter is comingIn Chris Gilmour's latest piece, he gives us a whirlwind tour of the major recent geopolitical news. I found it particularly interesting that central banks are ramping up gold purchases again. As regular readers will know, I have long-suffering gold positions that are well overdue for their time in the sun. I'm hoping this might be the catalyst. Grab your passport and fly around the world in this fast-paced article by Chris Gilmour>>> Some re lief for the randOur currency has been doing better than our sports teams lately, with TreasuryONE highlighting a move for the rand below the important R18.00 level as risk-on sentiment flooded the markets on Friday. There were rumours out of China that Covid restrictions could be lifted and the US non-farm payrolls data revealed an increase in the unemployment rate. Although total job numbers beat expectations, the weaker unemployment rate could be seen as a sign that interest rate hikes in the US are starting to affect the labour market. It will be interesting to see whether the momentum holds as the Fed could change the course of sentiment in coming weeks. Commodities were also buoyed by the improved story out of China, with gold up 2.7% and Brent Crude flirting with the $100 per barrel level. Demand (and prices) could come under pressure should recession warnings hit. Get ready to unlock TWK InvestmentsAt noon on Thursday this week, TWK Investments will return to Unlock the Stock to bring you the latest news on its financial performance. As an attendee, you'll have the ability to pose questions to the management team after the presentation. Registration is free and you need to use this link>>> Magic Markets milestoneFinally, we've now released our 100th episode of Magic Markets! There was no better way to celebrate than by inviting Petri Redelinghuys of Herenya Capital Advisors to join us to talk about his company's performance in the Intellidex stockbroker awards. Naturally, we also used the opportunity to talk about the markets. Enjoy our centenary episode here>>> Have a lovely start to the week! |