EU Trumps Google

20-JUL-18

Market Scorecard I had a look this morning at the current list of shares at 12-month highs and at 12-month lows on the JSE. You won't be surprised to hear that there are zero shares currently at 12-month highs. Signifying how tough investing has been in emerging markets and South Africa for the last year. Well, for the last 3-years things have been tough, the All-share hasn't even beaten inflation over the last 36-months! Highlighting why investing in stocks is not easy, things don't only go up.


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Google's $5 billion fine

20-JUL-18

The more I think about it, the more frustrated I get about this Google fine. Michael explained it nicely yesterday, but I want to touch on it again. Android is a free platform that has been adopted by most phone manufacturers. What a win, the phone manufacturers like Samsung and Huawei do not need to worry about the software of their products. That responsibility sits in the great and consistent hands of Google, who have created Android for free.


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Annoyed with Android

19-JUL-18

Market Scorecard The local CPI number that was released yesterday came in at 4.6%, lower than the 4.8% expected. It won't come as a surprise that fuel was the main driver, increasing by 16.3% over the last year. The good news is that 'Breads and Cereals' continues to drop and 'Telecommunication Devices' dropped by 16.1%. I suspect that the MPC rate decision later today will be a 'hold'. The number that we want to focus on later today is the SARB's medium-term forecast for inflation; it will give you an idea of the interest rate path for the rest of the year.


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Stryker Robot Training

19-JUL-18

Sometimes I feel the technological innovations in healthcare are overlooked. All the focus seems to be on the likes of software, mobile phones, wearable devices, self-driving cars, gaming, drones etc. Maybe it is because healthcare is complex and difficult to understand for the layman?


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Netflix 2Q numbers - misses subscriber estimates

18-JUL-18

Netflix released it's second-quarter earnings after the US markets closed on Monday (July 16th). The shares took a pounding, down 14% in after-hours trade as the company missed on subscriber growth numbers for the first time in five consecutive quarters. The shares closed down 5.2% yesterday recovering most of its losses on the day. Netflix has now missed its forecast only three times in the last ten quarters.


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JNJ 2Q numbers - beating expectations

18-JUL-18

Johnson & Johnson is a mega-cap ($354 billion) healthcare giant, owned by most Vestact clients in New York portfolios. It published quarterly results yesterday, before the opening bell. Earnings came in notably higher than expected, and the stock rose 3.5% over the course of the day, to $129.11.


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Netflix and Hold

18-JUL-18

Market Scorecard Did you see that Japan and the EU, have just signed the biggest trade deal ever! Japan, EU Sign Trade Deal to Eliminate Nearly All Tariffs; the deal covers nearly a third of the global economy and over 600 million people. A big win for free trade proponents. As the US alienates itself with its trading partners, it creates an opportunity for other trading partners to fill the gap. When the trade wars are over, and the dust settles, I wonder how the trading landscape will be?


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Q2 18 Numbers

17-JUL-18

Vestact steered its clients towards buying JP Morgan shares in November 2017. Broadly speaking, we believe that large US banks are set to benefit from stronger economic growth, rising interest rates, increased efficiency, less paperwork, lighter regulations, fewer branches, better use of technology and thus fatter margins. JP Morgan is the biggest and best US bank.


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Bezos Raises His Bat Again

17-JUL-18

Market Scorecard Amazon hit a record high last night, reaching a smidgen above $1 840 a share. The result is that Jeff Bezos is now the richest person in modern history, surpassing Bill Gates wealth at the height of the dot-com bubble. What is 'modern history' you ask? In this case it is since 1982, the year that Forbes started keeping track of high net worth individuals.


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Wilderness gets new shareholders

16-JUL-18

Wilderness Safaris is not a stock we talk about often. But some recent news from the company resonates with an investment theme I strongly stand by. Good things happen to good companies. And by "good company" I mean a company that strives to improve our planet or enhance human progress.


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Investing in the Wild

16-JUL-18

Market Scorecard Well done to Kevin Anderson on getting to the Wimbledon final, and then what a cracker of a World Cup final; normally finals only see one or two goals. Have you seen the image doing the rounds on social media that compares the cost of DSTV and Netflix? What the graphic forgets to mention is DSTV's sport option, which Netflix does not offer. The reason that we are drawn to sport is because of its unscripted nature, we didn't know who was going to win the world cup or how long the Anderson Isner match was going to last.


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What is the Earth Sinking About?

13-JUL-18

Market Scorecard Happy Friday the 13th! The uphill battle for Teresa May that is Brexit, just got steeper (Trump Says May's Brexit Plan Could 'Kill' Chances for U.S.-U.K. Trade Deal). One of the main selling points for Brexit was the UK being able to better negotiate trade deals by not having EU restrictions. I'm seeing calls from UK politicians for May to cancel her meeting today with Trump.


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Netflix tops the Emmys

13-JUL-18

As investors in Netflix, it has now become important to pay attention to the Emmys. I am sure many of you already pay attention to the awards, as it is quite fun to watch, but now it has investment significance.


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Uber Still Needs a Driver

12-JUL-18

Market Scorecard The price of oil and the English Football team both tumbled yesterday. The price of Brent crude dropped 6.9% due to Libya turning their taps back on; there has been fighting at Libyan ports which froze their production for the last two weeks. Undoubtedly the biggest event of them all yesterday was Anderson beating 'The Fed', Wimbledon final here we come?


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ESPN signs a deal with Blizzard

12-JUL-18

Our job here at Vestact is to watch trends and to try to invest in line with those trends. One trend that I have noticed gaining huge traction over the last decade is gaming. Yesterday gaming, as a form of global entertainment, jumped to a whole new level when it was announced that Blizzard Entertainment and Disney have signed a multi-year deal to broadcast the Overwatch League on ABC networks, ESPN and Disney XD.


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