Netflix Q4 - subscribers soar

18-JAN-19

Last night Netflix reported their 4Q and full year numbers. Let's deal with the quarterly figures versus consensus first and then talk about how 2018 was for the company.


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Retail on Sale

18-JAN-19

Market Scorecard


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JP Morgan FY Record Numbers

17-JAN-19

On Tuesday before the US market opened, JP Morgan released their Q4 and Full-Year (FY) results. Due to lower trading volumes in this quarter, the company missed analyst expectations for both revenue and net income. Going into the results knowing that the company had 'disappointed', I was expecting to read weak numbers. What I found was the total opposite.


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Woolies Tough Six Month Update

17-JAN-19

This morning Woolies released their 26 week (six month) sales update for the period ending 23 December. As expected, the numbers were not great. High-end food can be resistant during a tough economic period but even high earners shop down when it comes to clothing.


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Abbott Laboratories New Heart Device

17-JAN-19

Medical device innovation is an exciting investment arena. As you have heard many, many times from team Vestact over the years, we believe that rising incomes, widespread medical insurance and longer lifespans, means more spending on healthcare.


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May Will Stay

17-JAN-19

Market Scorecard It has been a tumultuous two days for the UK and their road to Brexit. As expected the current version of the Brexit deal was defeated in the House of Commons. What was surprising was how big the defeat was. Then last night Theresa May's government survived a no-confidence vote. Given that the vote needed a 2/3 majority to pass, it was unlikely to succeed. What is important from the vote though is that the vote didn't even get a simple majority, showing that the Tory government will be around for the foreseeable future.


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Vestact's 16th Annual Client Message

16-JAN-19

Dear Vestact clients This is my 16th annual client message, as Vestact was established in 2003. We are really hoping that 2019 will be a good year, because 2018 was not.


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Vestact's 16th Annual Client Message

16-JAN-19

Dear Vestact clients This is my 16th annual client message, as Vestact was established in 2003. We are really hoping that 2019 will be a good year, because 2018 was not.


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Checkout and Pay

15-JAN-19

Market Scorecard Negative economic news out of China yesterday was the driving force for equity markets. Chinese exports dropped by 4.4% and imports dropped 7.6%, forecasters were expecting growth from both. The data clearly shows that the trade war is starting to bite. Hopefully, as economic growth is impacted, both sides are more motivated to make compromises and find a middle ground.


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Q3 Trading Update

14-JAN-19

Richemont, the second largest luxury goods company in the world released its third-quarter trading update on Friday. The maker of Cartier had two very prominent strategies going into 2018. First, increase sales channels by pushing online/e-commerce, which was only 1% of the groups' total sales. Second, invest more in Chinese operations.


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The Luxury of Online Retail

14-JAN-19

Market Scorecard Over the weekend the US Government shutdown moved into record territory for the most consecutive shutdown days.


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In The Zone Jerome

11-JAN-19

Market Scorecard Global markets were pleased to hear Fed chairman, Jerome Powell, say last night that 'the Fed can be patient' when it comes to raising interest rates. The immediate impact on markets is for equities to move higher and for the US Dollar to weaken.


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Research says don't sell

11-JAN-19

An interesting new research paper suggests that professional investors typically underperform their benchmarks because they buy stocks well, but sell them very badly.


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Apple's cash and buy backs

10-JAN-19

The share price of Apple has pulled back sharply in recent months, so we are watching it closely. The all-time high was $232 per share on 3 October 2018. It got as low as $142 over the Christmas period, but has since rallied to last night's close of $153.31. As we mentioned earlier this week, sales of the new models of iPhones have been a little disappointing, especially in China.


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Namaste Nike

10-JAN-19

Market Scorecard Naspers is within a whisker of having a '3' in front of its price after closing 4.8% higher yesterday. The strong moves are thanks to a Tencent that is trending higher benefitting from the news that talks between the US and China are progressing well. Naspers hasn't been above R3 000 since early October last year. All this culminates in the JSE All-share now being green for the year. Long may it continue!


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