Daily Market Blog: Uber is a Verb

14-DEC-18

Market Scorecard



We were joking in the office yesterday morning that the market must be broken, there were two days of uninterrupted green markets. Things seem to be back to the new normal today though. US markets opened in the green, then went red and recovered going into the close, to finish mixed. As long as there is uncertainty about what will happen between the globe's two biggest economies, markets will be jumpy. A breakdown in international trade will hamper global growth which then leads to lower profits for multinational companies.

Yesterday evening Aspen gave an update on operations. Their sale of the nutritional business is moving along, with the deal expected to close in the first quarter of 2019. For the rest of their business, revenue growth is in line with their forecasts, with the added benefit of currency movements going in their favour this year. They say that over the medium term, they want to bring net debt levels down to increase the strength of their balance sheet.

Yesterday the JSE All-share closed up 0.28%, the S&P 500 closed down 0.02%, and the Nasdaq closed down 0.39%.



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Stocks which we currently recommend

AdvTech are an African education group.

Alphabet (Google) is the world's biggest online advertising platform.

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

Amgen is a biotech company focussed on blood and cancer therapies.

Apple is the global leader in tablet and smartphone technology.

Aspen is a rising global star in the pharmaceutical industry.

AVI owns leading brands in the food and shoe sectors.

Booking Holdings is the biggest online travel booking service in the world.

Bidcorp is a foodservices company with operations mostly in Asia and Europe.

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

FirstRand is a banking holding company owning FNB, RMB and Wesbank.

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

JP Morgan is the biggest bank in the USA.

Illumina is the dominant manufacturer of genetic sequencing machines.

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

Long4Life is an investment company targeting the health and wellness sector.

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

MTN Group is an emerging markets mobile telecoms giant.

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

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

Netflix is a TV & movie content creator & has a global, content streaming network.

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

NVIDIA is the world's leading chip maker for AI, cars, datacenters & gaming.

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

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

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.

Visa is a global payments technology company.

Vodacom is a South Africa-based communications provider.

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

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