| The JSE rose to a new high yesterday, following the lead of global markets as Joe Biden was inaugurated as the 46th president of the US and as results from Netflix gave tech shares a boost. Netflix, the world's biggest entertainment streaming service, jumped 15% in early US trade after releasing a fourth-quarter earnings report on Tuesday night that showed it added 8.5 million new subscribers in the three months to end-December, taking its total base above 200 million. At home, the All Share gained 0.8% despite a big pullback by clothing retailers after their recent strong gains. The Foschini Group, Mr Price and Truworths shed between 4.5% and 7%. Richemont rose, however, after it reported a recovery in third-quarter sales, helped by strong demand in China for its luxury goods, jewellery and watches. Sibanye-Stillwater and BHP Group also supported the JSE's gains after the two mining groups released production updates. Meanwhile, Montauk Renewables, which has been formed out of Montauk Holdings, has been given the green light to list on the JSE next week. And Textainer has bought out its partner in a shipping container joint venture. More on all those stories in today's newsletter. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics In their latest Mining Monitor entitled "Lithium's Tesla disconnect" Ingham Analytics assess developments in the electric vehicle arena and have suggestions on how to play the supply value chain. In "2020 Redux?" their fixed income call is selling Greek and Italian bonds particularly whilst simultaneously purchasing US Treasury notes. "Saxo's outrageous predictions for 2021 and our take" is a popular download as we head into 2021. Watch out for their upcoming note on Netflix and target price. | 