| Good morning Voornaam, The joke around the motorsport community used to be that racing is important, but education is importanter. Although ADvTECH and STADIO don't have any driving schools that I know of, they are making plenty of money from trying to address the second part of the joke. STADIO is a tertiary education player and ADvTECH is a bit more complicated, with a mix of tertiary education and traditional schooling, albeit aimed at higher income consumers than the group that Curro is trying to serve.
In both cases, they've just released great numbers that are well worth looking at. I've also covered Harmony's trading statement that tells us that HEPS will more than double, as well as Italtile's special dividend and warnings of the competitive environment in the tile manufacturing market. It's all in Ghost Bites>>>
With a new episode of The Trader's Handbook about to be released, make sure you're up to date on this excellent podcast that shares numerous insights into the world of trading. All four episodes thus far as well as full transcripts are available here. Also be sure to check out the IG Markets South Africa academy, which is just full of great pieces on trading and quizzes to test your understanding. For example, you can learn about position trading here>>>
When it comes to running your own investment portfolio, it's important to understand portfolio management concepts and how to stitch together the various positions into a coherent strategy. To understand more about this, we had Craig Antonie of AnBro on the latest Magic Markets episode. Get ready to learn and enjoy it here>>>
Have a great start to your week! |
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| FEATURED: The Trader's Handbook Ep 4 |
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| | | IG Markets Episode 4: The markets are as varied as they are beautiful, so it's no surprise that there are various different trading strategies available. Get an overview of the approaches taken by traders in the latest episode at this link>>> |
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| FEATURED: Portfolio Construction with AnBro |
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| Magic Markets: Picking stocks is great, but what about the portfolio that they belong in? How do you get the position sizing right, or create a coherent strategy? We explore this topic in the latest Magic Markets podcast and transcript. Find it here>>> |
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| FEATURED: Unlocking the true value of TFSAs for South Africans |
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| | | Satrix: In an article that I could not agree with more, Duma Mxenge talks about the importance of tax-free savings accounts and why they could be rebranded to make it clearer that this should be the cornerstone of an investment journey. Get his views in this excellent article>>> |
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| FEATURED: Viral Words for Viral Brands |
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| Dominique Olivier: Social media means that anyone can be a creator. Brands are having to adapt to this by following viral trends, not just trying to create them. For two recent examples, you'll learn a lot about social media marketing from this article>>> |
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| Ghost Bites: The latest on ADvTECH, Harmony, Italtile and STADIO, along with various Little Bites in Ghost Bites here>>> |
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| | | Ghost Wrap: With thanks to Forvis Mazars, this podcast brings you the latest on Absa vs. Standard Bank, MTN and NEPI Rockcastle, all in just a few minutes in the Ghost Wrap podcast. |
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| Unlock the Stock: In the latest session, Tharisa Plc returned to the platform for an update on the company performance and strategy going forward in PGMs and chrome. You can watch the recording here>>> |
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| Investec Podcast: As part of the Investec No Ordinary Wednesday series, you can enjoy Jeremy Maggs in conversation with Tinus Rautenbach, head of Investec's online platform Clarity, as they discuss the rise of self-directed investing. Find it here>>> |
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| Nico Katzke of Satrix: The GNU has driven significant optimism around the South African market. To help us understand where this is playing out and how the carry trade protects the rand, Nico Katzke joined me on Ghost Stories. Find it here>>> |
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| Magic Markets: What is the right way to prepare for a major sell-down in the market, or even a crash? It's all about research and watchlists, as well as having money that is ready to go into those dips. We discuss these concepts in this podcast>>> |
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| International Business Snippet: |
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| CNBC has quoted the BHP CEO as noting that he expects a rebound in China's property sector in the upcoming year. As South Africans, we can only hope that this is correct, as China is a major international market for commodities and the likes of ArcelorMittal are directly impacted by what is happening in China. Of course, this doesn't mean that luxury goods companies will see any improvement in China, as the property market and the handbags-that-cost-the-same-as-a-car market aren't the same things.
In other international news, Canada has introduced a 100% import tariff on Chinese electric vehicles. The trade war around electric vehicles continues, with China giving a proper fright to the established names in the automotive industry.
For weekly research on global stocks and key takeouts for investors and traders alike, you'll love Magic Markets Premium. For our subscribers, the investment of R99/month pays for itself. |
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| IG Morning Call: daily macroeconomic update |
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| Weakness in heavyweight tech counters Nvidia and Tesla led the S&P 500 and Nasdaq-100 indices lower overnight. Nvidia appears to have declined in pre-earnings (Wednesday) angst, while Tesla has fallen after news that Canada would look to impose a 100% tariff on EVs made in China.
European benchmark futures are however pointing to a positive start to the day, as are the Hang Seng and Nikkei indices in Asia. On balance we are expecting a flat to marginally firmer start today for the JSE All-Share Index.
The dollar index trades slightly higher while gold is trading marginally softer this morning. The rand has managed to hold onto strength against the greenback currently trading around the R18.72/$ mark.
Oil prices rebounded sharply yesterday on escalating Middle Eastern tensions as well as news of production from Libyan oil fields being disrupted.
US Consumer Confidence data is out later this afternoon.
Key Indicators: USD/ZAR R17.72/$ | US 10yr 3.83% | Gold $2,513/oz | Platinum $959/oz | Brent Crude $80.28
The macroeconomic update is based on IG's morning call update |
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