— Simon Brown (@SimonPB) November 29, 2021
/ Powell second term as Fed chair
/ Fed's Bostic says he remains open to faster taper and one or two rate hikes in 2022
/ Online Black Friday sales in the US fell according to data from Adobe Analytics ($8.9bn vs. $9bn)
/ Opec+ meeting this week, production likely to remain unchanged
/ Turkish lira losses 20%
/ New variant crashes markets and leisure stocks (everything)
/ Good Invicta results, but no dividend
/ Good PPC results
/ Brait apital raise via convertiable bond
/ Hospital stock results; Life Healthcare & Netcare
/ Banking stocks
— Simon Brown (@SimonPB) November 23, 2021
— Simon Brown (@SimonPB) November 24, 2021
[caption id="attachment_31691" align="aligncenter" width="888"] Top40 daily[/caption]
/ US inflation, 6.2%. Core inflation highest since 1991.
/ Johnson & Johnson announced plans to split its company into two, separating its consumer health division from its pharmaceutical and healthcare businesses.
/ Elon Musk selling Tesla shares, some planned n September. Rest thanks to the Twitter poll.
/ Singles day in China, muted (+8.5%) but still huge, Alibaba $84.5billion
/ Tencent results. Slowing in all areas. Common prosperity is visible in the results.
/ MTBPS, not much happening - as expected.
/ Vodacom buying Vodafone Egypt, nice deal and adds a strong growth region.
/ Purple Group results, really top class and much better than I expected. 737k funded accounts.
/ Sappi results, doing well as dissolving pulp prices boom. But energy costs hurting.
/ Raubex results strong with a really good pipeline and well positioned for infrastructure
/ Northam scopes Implats and buys 33% of RBPlats
[caption id="attachment_31661" align="aligncenter" width="888"] Purple Group daily chart[/caption]
/ US tapering begins
/ Strong US jobs data
/ US passes $1trillion infrastructure bill
/ Bank of England leaves rates unchanged
/ Strong Pfizer results
/ Elon Musk asks Twitter if he should sell 10% of his Tesla shares, and pay tax
/ Mini budget this week
/ Renergen reserves
/ Dis-Chem results
/ MTN update
/ Purple Group update
/ Petrol increase
US$8.5billion from France, Germany, the UK and the US governments, as well as the EU, to support a just transition to a low carbon economy.
/ Evergrande has its suspension lifted and makes an interest payment
/ Oil remaining stubbornly high
/ Inflation fears, time for gold?
/ Paypal maybe buying Pinterest for US$45billion
/ Netflix results, still growing albeit north America very slowly
/ Facebook getting a new name as the future is the metaverse
/ Local CPI 5% for September
/ Pick n Pay results
/ Excellent results from Combined Motor Holdings
/ Clicks results
/ New Satrix All Share ETF listing in November
/ Renergen launches a helium token
South Africa inflation rose to 5% in September. Food inflation is 7%, electricity 14%, and fuel almost 20%, with a large petrol price increase expected in November. These increases are partially offset by clothing inflation at 1.6%, appliances -0.4%, and housing rentals around 1%
— kevin lings (@lingskevin) October 20, 2021
My positions for the everything rally.
/ September, the CPI increased 5.4% after advancing 5.3% on a year-on-year basis in August.
/ China Q3 GDP at 4.9%
/ Biden announced that the Port of Los Angeles would start operating around the clock, following the Port of Long Beach's lead, to ease congestion
/ $2.7 Trillion in Crisis Savings Stay Hoarded by Wary Consumers
/ Microsoft shuts down LinkedIN in China
/ MTNs IHS Towers lists in NY, MTN stake worth R22bn
/ Government cracking down on imported cement, but not with tariffs.
/ IMF bumps local GDP to 5% for 2021
/ Murray & Roberts expands in the US
/ Long4Life results and offer on the table
/ Tharisa gets their Chrome plant cold commissioned
/ Alaris & CSG both have delisting offers.
/ US jobs disappoints, but unemployment 4.8%.
/ 15% global tax rate approved.
/ Oil continues to run higher
/ Reports that Malaysia is getting back on track with chip packaging sees PGMs run hard as it could be good news for vehicle production
/ Last Tuesday was tenth commemoration of the death of Steve Jobs. A legend and the iPhone one of the best products ever?
/ All facebook properties down on Monday for 6 hours.
/ EOH update shows it’ll make an operating profit
/ Invicta buys Dartcom, moving into communications and renewable energy
/ Zeder results, still waiting on value unlock
/ Sanlam Investment Holdings buying Absa investment businesses.
/ Home loans worth +R56.6 billion were granted in Q2 2021, +40% compared to the same period in 2019.
/ China & Europe power shortages
/ Brent oil trading around $80
/ Merck Covid-19 pill, expected to produce 1.7 million courses for the U.S. government for $1.2B
/ Tesla delivered record 241,300 vehicles in the third quarter
/ Work-from-home forever: PwC offers US employees full-time remote work
/ Level 1 & SA expected to be removed UK red list, will tourists return?
/ Capitec results
/ Bidcorp results
/ PPC debt restructuring
/ Purple Group tie up with Discovery Bank
/ FOMC leaves rates unchanged and no tapering just yet.
/ Evergrande a worry but not a global threat
/ China bans crypto, again.
/ Britain has a shortage of lorry drivers, and so a petrol shortage.
/ Nike cut its 2022 revenue outlook because of the temporary bottlenecks plaguing supply chains.
/ MPC no change
/ Telkom to spin out towers (Swiftnet) worth about R13billion. Openserve will happen afterwards.
/ PGM prices remain under pressure as vehicle production the world over in under pressure due to chip shortages.
/ Spur results
/ Exxaro has announced the development of a 70 MW solar project as part of the groups “overall renewable energy strategy”.
/ Grindrod sells remaining stake in Grindrod Shipping for R370million
/ PayPal announced plans to buy Japanese "Buy Now, Pay Later" BNPL company Paidy Inc. for $2.7B
/ US judge rule against Apple and in Epic Games favour in antitrust lawsuit; judge says Apple's conduct in enforcing anti-steering restrictions is anticompetitive
/ China Evergrande Group default risk ($300bn)
/ U.S. Senate Democrats float stock buyback tax as part of $3.5 trillion bill
/ The World’s Shippers Are Earning The Most Money Since 2008
/ Local Q2 GDP, we’re 1.4% below pre-pandemic levels
/ SARB governor Lesetja Kganyago suggests we work towards a 3% inflation target, with a 2-4% tolerance range
/ FSCA fines Viceroy R50m
/ Result; Shoprite
/ Results; Momentum
/ Results; Bidvest
/ US jobs data slows. Likely means tapering not just yet even as ECB starts talking tapering.
/ New China restriction, kids gaming limited to one hour a day on Friday, weekend days and public holidays
/ Pfizer has recognized over $10 billion in profits from the COVID-19 vaccine alone, making it the best drug introduction in history.
/ After hurricane Ida oil recovery begins with ports and refineries restarting but most production in the Gulf of Mexico is still shut.
/ Chip shortage holds back German car sales in August
/ SA trade surplus at R37bn July vs R55bn June. YTD R290bn.
/ Mediclinic plans to go green in R2.2bn renewable energy deal
/ Results; Murray & Roberts
/ Results; Discovery
/ Results; Implats
/ Results; Aspen
Is this Woolworths’ attempt at Athleisure ?
Crop Top : R249.99
Leggings : R299.99
I am flattered they think I,their customer, is a 20 year old Instagram Fitness star 🤣🤣 pic.twitter.com/B4xsTJ36ho
— Moms 💖 investing (@mommy_moneyza) September 1, 2021
/ Jackson Hole. Powell says nothing new.
/ TSMC, the world's largest maker of semiconductor chips, says it's raising its prices by about 20%
/ Hurricane Ida heading for the Gulf of Mexico, shutting down oil production.
/ China reportedly weighs ban on U.S. IPOs from domestic tech companies with sensitive data
/ Bonang Mohale and his Serialong trust converts a Purple Group loan into 11.46% shares in the group
/ Unemployment 34.4%
/ South African GDP rebased. The economy is 11% larger than previously measured. It is still the second-largest economy in Africa, after Nigeria.
/ National treasury says KZN July violence will take 0.7%-0.9% off 2021 GDP.
/ Sibanye Stillwater results
/ Woolies results