Nvidia's Financial Performance
- Nvidia's Q1 Results:
- Revenue up 262% year-on-year to $26 billion.
- Net income up 628% year-on-year to $14.9 billion.
- Gross margins at 78.9%.
- Stock Split: 10-for-1 stock split set for 7 June.
- Market Reaction: Stock traded over $1,000 in the aftermarket.
Anglo American and BHP Group
- BHP's Third Offer: Anglo American rejects BHP’s third offer.
- Deal Concerns: Issues with the price and risk of the deal.
- Next Steps: Extended deadline for BHP's offer to 29 May.
Richemont's* Results
- Richemont's Position: Holding steady in a tough luxury market.
- Earnings Growth: Expected around 10% over the next few years.
- Preferred Stock: Richemont favored over LVMH for its focused luxury product line.
Copper Market
Structured Products
Pick n Pay's Plan
- Sales Update: For 52 weeks ending 25 February, bleak results expected.
- Market Reaction: Stock closed 4.5% higher on news of a plan.
South African Economic Indicators
- CPI Inflation: 5.2% for April.
- Primary Surplus: Revenue exceeded expenditure (excluding interest).
Vehicle Sector Analysis
- Companies Covered: Combined Motor Holdings (CMH), WeBuyCars, Motus, and Zeda.
- WeBuyCars showed strong sales growth.
- Motus and CMH had high dividend yields.
- Zeda focuses on car rentals and mobility as a service.
- CMH preferred for its consistent performance and dividend yield.
Home Building Sector Analysis
- Companies Covered: Calgro M3* and Balwin.
- Balwin struggling with higher-priced units.
- Calgro M3's flexible pricing strategy favored in current market conditions.
[caption id="attachment_42201" align="aligncenter" width="849"] Calgro M3 vs Balwin[/caption]
Santova Directors' Selling
- Director Sales: Recent director sales not seen as a significant concern.
- Market Impact: Director selling viewed as a neutral action.
Disclaimer
JSE Direct is an independent broadcast and is not endorsed or affiliated with JSE Limited. Views expressed are solely those of the presenter.
* I hold ungeared positions.
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