There have been a number of positive earnings surprises ahead of the upcoming reporting season, resulting in big share price movements. Packaging group Nampak, which has been under huge pressure for a couple of years now, is reaping the benefits of cost cutting and a recovery in demand for drink cans. Its shares soared 28 percent in response to the news on Friday. While gains in Sibanye-Stillwater and MTN's shares weren't as impressive, their earnings are likely to be when they report full-year numbers over the next month. Netcare is still hampered by the impact of Covid-19 but has also reported an improvement as it becomes more adept at handling the Covid-19 cases passing through its hospital network. With the massive movements in US video chain GameStop's share price sending ripples through global markets last, international trader and analyst tackles Andrew Kinsey tackles the issue in Ingham Analytics' latest note, "Stop the Game - I want to get off". More details down below. And don't miss the latest Magic Markets podcast, Tech Truffles and Unicorns. The Finance Ghost and Mohammed Nalla (Moe-Knows) discuss how to stock pick the winners of tomorrow with special guest Craig Antonie. Chris Gilmour wraps up with The Week Ahead, reviewing last week's top news and what to watch out for in the days ahead. Have a great week. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics If you want a succinct analysis of what has driven GameStop mania, and what you need to avoid if you're a trader hoping to make a quick buck, then "Stop the Game - I want to get off" is a need to have read. The note by leading international trader and analyst Andrew Kinsey strips away the popular narrative on the saga to give the real picture. There are few winners and lots of losers. The market mania figures are downright scary. |