Vestact

Daily Market Blog: An iPhone a Year

22-MAY-19

Market Scorecard


Markets globally are bumbling along waiting for the next big piece of news to give direction. For the US market the focus currently is on Fed minutes to be released tonight; what has been said about a possible drop in rates? Then there is also the ever-present threat to a change in trade war rhetoric. Moving closer to home, eyes are now on the cabinet to be announced early next week. The elections where a positive but that will mean nothing if the correct people are not in place to implement that change that is needed.

Yesterday the JSE All-share closed down 0.17%, the S&P 500 closed up 0.85%, and the Nasdaq closed up 1.08%.



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What we do at Vestact

Vestact manages money for private clients, in Rands in Johannesburg and in US Dollars in New York. We offer individualised investment accounts, and a high level of personalised service. Through low fees and effective stock-picking, we have delivered industry-beating investment performance. For a longer description of how we go about the business of asset management at Vestact, click here.

To open an account, call us on 078 533 1063, or come in and visit us at our offices at Suite 608, The Firestation, 16 Baker Street, Rosebank, Johannesburg.

To view previous Blunders episodes, click here.

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.

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

Facebook owns Instagram, Whatsapp and Facebook.

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.

MTN Group is an emerging markets mobile telecoms giant.

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

Multichoice is an Africa satellite TV and entertainment provider.

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.

Remgro is a South African investment holding company.

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.

Uber is a ride hailing and food delivery company.

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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