| Truworths' shares rallied yesterday, climbing almost 15 percent on the back of the business update it released at the close of trade on Friday. Sales were down for the period up to Christmas, but not as badly as you might have expected given the tough environment facing our retailers here - and abroad for those with foreign operations. Other clothing retailers also fared well yesterday, with The Foschini Group rising 5.1 percent and Woolworths and Mr Price also gaining. Perhaps the market expects them to report equally resilient performances when they release Christmas sales numbers in the weeks ahead. Murray and Roberts' shares were also doing well yesterday - until it released a statement late in the afternoon saying that a former client in the Middle East had claimed about R650 million in performance and loan guarantees for a project that was completed a year and a half ago. While it plans to fight the claim, investors may still be jittery following the problems Group Five faced with similar bonds that were drawn against one of its projects in Ghana a couple of years ago. Also in today's newsletter, Long4Life is bringing forward its next share repurchase programme as it finds itself with cash to spare and nothing to spend it on. And Conduit Capital will report an improved first-half performance thanks to a turnaround at its Constantia Insurance business. Finally, Ingham Analytics' latest Searchlight covers a topic that is hot with investors right now - electric car maker Tesla. It examines some of the commodities that are in demand if a green future is going to be delivered. Don't miss out. Access the report down below. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Ingham Analytics say in "Lithium's Tesla disconnect" that the dizzying rise in the Tesla share price isn't matched by the prices of key commodities that go into electrical vehicle manufacturing. There simply isn't anywhere near enough production if a green future is going to be delivered. Something has to give. What are current developments and how to play them on international stock markets? Recent notes of interest include "2020 Redux?" and "Saxo's outrageous predictions for 2021 and our take." | 