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JSE Direct with Simon Brown

Weekly podcast hosted by Simon Brown covering the JSE and listed companies.
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Now displaying: Page 1
Jun 12, 2024
US Inflation:
  • Core Inflation: Came in at 3.4%, lower than the expected 3.5% and previous 3.6%.
  • Impact: Positive market reaction, with US Treasuries under pressure, Rand strengthening, and Dollar weakening.
  • FOMC Outlook: Potential rate cuts anticipated towards the end of the year, possibly in November and December.
Company Results:

SPAR:

  • Performance: Results were as expected, market responded positively.
  • Issues: Challenges in Switzerland, discontinued operations in Poland, and ongoing SAP implementation issues.

Foschini Group:

  • Performance: Strong results, market reacted favorably.
  • Highlights: Good performance in their online platform Bash and general improvement across brands.
  • Foschini Group and Clothing Retailers: Potential growth areas and resistance levels in stock prices.
Interesting Stock:
  • Contemporary Amperex Technology Company Limited (CATL):
  • Sector: Battery technology for EVs and corporate solutions.
  • Market Performance: Positive analyst ratings, promising future prospects.
Renergen*:
  • Helium Production: Helium is flowing, but further testing is required.
  • Challenges: Significant delays and ongoing testing phases, but progress is being made.
Santova:
  • Stock Movement: Changes in buyer and seller dynamics impacting stock price.
  • Insights: Importance of identifying market movers in stock trading.
Political Developments:
  • Coalition Talks: Ongoing with potential for an ANC, DA, IFP coalition.
  • Rand Performance: Strengthening in response to political stability and positive US inflation data.

[caption id="attachment_42378" align="aligncenter" width="849"]USDZAR | 12 June 2024 USDZAR | 12 June 2024[/caption]

Simon Brown

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* I hold ungeared positions.

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