Google Monetises Maps

11-APR-19

I must say, Google maps and Waze are incredible products that have improved lives around the globe. Just think of all the petrol saved because people have avoided getting lost or bypassed a traffic jam. Think of all the interviews, meetings and events that were reached on time because the commuter took the most direct route. It has also helped tourists navigate through new cities, countries and even continents. These maps have really made the world a more efficient place.


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Watch Your Health

10-APR-19

Market Scorecard All good things have to come to an end. The eight-day green streak in the US ended yesterday with a red day for markets. Locally, our market was flat in the morning, then at 11:30 the Rand strengthened and stocks shot higher. That was the case for most of the day, but at 15:30, when the US market opened, our market dropped into the red.


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Amgen's Fight with Novartis

09-APR-19

Vestact recommended pharma company Amgen has an extremely promising drug called Erenumab (trade name Aimovig) which is a medication which targets the calcitonin gene-related peptide receptor (CGRPR) for the prevention of migraines. It was approved by the US FDA in 2018.


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Can Amgen Cure Its Own Headache?

09-APR-19

Market Scorecard Last night US markets closed in the green, marking eight straight sessions of being in the green! That is the best streak in over 18-months. Asian markets are mixed this morning, so time will tell if the US can make it nine days in a row of gains.


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Amazon Launches Internet Satellites

09-APR-19

Companies like Amazon, Google and Facebook need their clients to have access to the internet. Because they have already landed most of the existing connected client base they are desperate to see more people connected. So much so that they are willing to provide internet for free.


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PermaMare

08-APR-19

Market Scorecard US Jobs day on Friday reported a figure stronger than economists had expected, more than making up for the poor showing from February's data. For the month of March the US economy added 196 000 jobs, the unemployment rate stayed constant at 3.8% and wages grew by 3.2%. All numbers point toward a strong US economy. More data like this will hopefully quell all the talk of an impending recession.


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Tesla Has Lower Deliveries

05-APR-19

You may have noticed that Tesla dropped 8% last night. That is because they announced delivery numbers that disappointed the market. In the first quarter they produced 77100 vehicles but only delivered 63 000. This was down 31% from the previous quarter but still up 110% from the first quarter last year.


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Double Dipping

05-APR-19

Market Scorecard There is a new timetable for the resolution of the US and China trade war. President Trump announced that he thinks they are four weeks away from reaching a deal and then a further two weeks to draw up all the paperwork. Can you imagine how many pages this thing will be? All in all six weeks until this chapter of international politics is done. There will be a signing summit between Trump and Xi at the end. It will be HUGE and the greatest.


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Land of the Long Wait for Approvals

04-APR-19

Market Scorecard It was another cracker of a day on global markets yesterday. Everything that came across the wire was talking about why stocks are going to go higher; low-interest rates, improved PMI in China, the nearing of a trade deal and how good Q1 2019 was. The point we make to clients all the time is that in a matter of a few days, the focal point of the market can completely shift. The mood is currently positive, so everything is seen through rose-tinted glasses. When the market slides, investors are gloomy and the negatives take centre stage.


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The Case for Banks in 2019

04-APR-19

Financial services are a big part of the modern economy, but are banks a good investment? They're certainly profitable, and these days very unlikely to fail, but mostly unloved. What this means is that they churn out cash, but their share prices trade at modest multiples of current earnings.


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Bond, Government Bond

03-APR-19

Market Scorecard After not releasing a statement on Friday evening, Moody's published a report on South Africa yesterday, giving us a view on their current model. Most of the information is already known to the market. One of the key risks to South Africa is SOE's, in particular Eskom. Moody's said that if the liabilities from SOE's continues to rise, they will have to downgrade South African debt.


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Vellies Trek to the US

02-APR-19

Market Scorecard There was green on the screen yesterday. Global markets were flying thanks to stronger than expected manufacturing data out of China. Asian markets are still in the green this morning, but off their earlier highs. On the local front our market was flying too. The only companies under strain were the dual-listed stocks. A strong Rand hurting their local share prices.


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JSE Closes Until Elections

01-APR-19

Market Scorecard So it is Monday and it looks like we missed a downgrading from Moody's. Friday came and went with no announcement or statement from the ratings agency, effectively meaning that they had nothing to add to their previous announcement. Moody's has two days a year scheduled for a rating announcement, the next one is only 1 November. The agency will probably comment shortly after our elections. So, till then we wait.


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A Moody Friday Evening

29-MAR-19

Market Scorecard The day we have been eagerly waiting for has finally arrived. It is the 29 March, which means that it is Moody's Rate decision the listing of Lyft. Originally the company planned to list at a price of between $62 and $68 a share, but due to very high demand they will be listing at $72 a share. At that price, Lyft is worth just over $24 billion. Not bad for a company with only $2 billion in revenue and making a loss of $1 billion. The market clearly has high growth expectations for the company.


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Zero To Hero

28-MAR-19

Market Scorecard If Brexit wasn't messy enough already, last night the UK parliament rejected all eight non-binding guidance votes. Theresa May also said that she would step down as PM once a Brexit deal was signed, will that ever happen though? The Brexit sold to the people of the UK, an easy exit with all the EU upside and none of the downside, is like a unicorn. All the current options on the table are horses, donkeys and zebras with a horn strapped to their head. No wonder there is no consensus on what to do next, the current proposals are not what the people voted for. The only problem is that the people voted for something that doesn't exist in reality.


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