Daily Market Blog: The Ian Moir Effect

27-AUG-15

"The light brown is David Jones. That segment (David Jones) had a strong second half, sales up 10.7 percent (H2) in a weakish Australian consumer market. Inside of this period will be the deterioration of the Aussie Dollar (like the South African Rand, "commodity currencies" globally have been negatively impacted) and more importantly, the dilution by way of the rights issue done last year, when the company turned to their shareholders for 10 billion Rand. Remember that rights issue was done at 59.5 Rand a share, the stock closed last evening at 98.89 Rand. It was a good idea to follow your rights."






To market to market to buy a fat pig. I guess you must file that in the same drawer of dumbness. Stocks made an epic comeback last evening in the US session, enjoying the single best day for equity markets since 2011. Dumb. What changed? Did Starbucks sell more coffee to Stockbrokers (chief Howard Schultz told baristas in an email to be sensitive to Wall Streeters) or less, who knows?

I am not too sure that a market should go up 4 percent on any given day, bearing in mind that is around half a years worth of longer dated returns (sans dividends). Some reasons are attributed to a speech by a Fed member, Bill Dudley who suggested that a hike in September was "less compelling". Paul told me of a bunch of market nerds who have started a hashtag suggesting that the Fed just gets the first rate hike out of the way. In other words, to borrow the Nike line, just do it.

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Stocks which we currently recommend

Amazon.com is the world's leading online retailer.

Apple is the global leader in tablet and smartphone technology.

Aspen is a rising global star in the pharmaceutical industry.

BHP Billiton is the world's largest industrial commodity mining company.

Brait owns fashion, retail and health club assets.

Bidvest is a diversified services company, which may re-organise its portfolio.

Cerner provides IT solutions in the healthcare industry.

Cisco is a global leader in routing and switching equipment.

City Lodge is a mid-priced hotel group in urban areas of Africa.

Curro is an independent education provider in South Africa.

Discovery is a technology-driven healthcare administrator and life insurer.

Facebook is the dominant global social media platform.

Famous Brands is SA's largest quick-service restaurant group.

General Electric makes power stations, aircraft engines and CAT scanners.

Google is the world's biggest search engine and online advertising platform.

Holdsport is a sporting and leisure goods retailer.

Johnson & Johnson is the world's largest consumer health and pharma company.

L'Oreal is a world leader in the manufacturing and sale of beauty products.

Luxottica is the world's largest branded sunglass maker and retailer.

Mr. Price is a fast fashion apparel and home retailer.

MTN Group is an emerging markets mobile telecoms giant.

Massmart is a big-box discount retailer in Africa, 51% owned by Wal-Mart.

Monsanto is a provider of agricultural products for farmers.

Mediclinic owns hospitals in SA, the UAE, the UK and Switzerland.

Naspers owns digital TV, internet, gaming and ecommerce businesses.

Nestle is a leading global food and beverages manufacturer.

Nike is a designer and retailer of running shoes and other sporting equipment.

Omnia is a fertiliser and explosives producer.

Richemont owns the finest luxury brands like Cartier and Van Cleef & Arpels.

Sasol is a global player in chemicals and fuels technology.

Starbucks is a roaster and retailer of coffee and fantastic foods.

Steinhoff owns Conforama and Pepkor.

Stryker makes hip and knee joint replacements and hospital beds.

Tesla is the world leader in electric vehicles and batteries.

Tiger Brands is a basic and branded food producer, expanding through Africa.

Under Armour is a fast growing sports apparel company.

Visa is a global payments technology company.

Vodacom is a South Africa-based communications provider.

Wells Fargo is the biggest retail and commercial bank in the USA.

Woolworths the leading organic food & clothing retailer in the Southern Hemisphere.

Zimmer Biomet is a musculoskeletal healthcare company.

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