Market Scorecard Yesterday before the US market opened Elon Musk released an Update on Taking Tesla Private. The share was initially up 2% on the clarification of where the funding was going to come from. By the time the market closed, the stock was only up 0.2% and is now down 0.5% in after-hours … Continue reading Rob and Ralph
Market Scorecard Normally when we mention market movements and tweeting, we are referring to President Trump. In this case it was Elon Musk. See his tweets below. Before his tweet, Tesla was already up around 4.5% because it emerged that the Saudi Arabian sovereign wealth fund has a stake of between 3% - 5%. … Continue reading The $900m Tweet
Market Scorecard There you have it ladies and gentlemen, Apple's market cap is now 13 figures long! The company now has a market capitalisation of more than 1 trillion US Dollars. My Twitter feed is currently full of reminders from the early 90's, where people who were anti-Apple are being called out for being … Continue reading Trillion with an A
Market Scorecard As expected, the US Federal Reserve left interest rates unchanged yesterday. What surprised me was that most news agencies didn't pay much attention to the Fed's statement. Reading through the 'papers' this morning, all I saw was talk of new trade tariffs, with basically nothing about the Fed statement. Trump's team is … Continue reading The Apple Printing Press
Market Scorecard I woke up this morning to two big pieces of news. The first is that Apple beat expectations and is now only a few billion away from that mythical $1 trillion mark! The company made more profit in three months than the entire market cap of Absa! The second is that the … Continue reading Your Land, My Land
Market Scorecard Both Massmart (Builders Warehouse, Game and Makro) and Spur, which also owns the brands of RocoMama's and Panarottis, released trading statements yesterday showing how tough it is in South Africa at the moment. Between those two companies they have large exposure to the South African consumer; by reading their results, it gives … Continue reading It’s Apple Day!
Market Scorecard Our market started much lower yesterday, but thanks to a positive open from the US market we finished the day higher. Currently the US market opens at 15:30 our time, so we have 90 minutes where both markets are open at the same time; generally during that brief period, our markets move … Continue reading Germanexit
Market Scorecard Today is the first day this week that all global markets are open, some Asian markets were also closed for Labour day. European markets are much higher this morning but Asian markets are in the red. Part of the focus for the next week will be what Trump decides to do regarding … Continue reading Apple and Facebook Printing Cash
To market to market to buy a fat pig. Chatting with many clients, most people hate buying at all-time highs. The feeling is that a correction is coming or at the very least, you have already missed the opportunity. Their proposed solution, keep your gunpowder dry and sit on cash. Ready to deploy at … Continue reading Loud and Cloud
To market to market to buy a fat pig. Another day, another record for US stocks. For new investors, the current low volatility and record high moves are probably creating the wrong expectations about the risks involved in equity investing. As we wrote about last week, if you are in the equity market long … Continue reading Luxurious Profits
