And BHP has met guidance

Good morning Voornaam,

Today is all about new podcast releases, with two podcasts that will really appeal to those among you who want to take your market knowledge and experience to new heights.

Let's start with ep2 of The Trader's Handbook, my exciting collaboration with IG Markets South Africa. I'm having a lot of fun in my demo account, I must be honest. To listen to the episode (or read the transcript) and figure out whether trading might be for you, click here.

There's also a brand new Magic Markets that you don't want to miss, with international geopolitical expert Dimitri Zabelin as our guest. Topics included the US jobs numbers (and why you can't trust them), general geopolitical trends and what they mean for defense stocks - and of course, a discussion on the tech sector and some interesting trade ideas. You'll find it here.

This is the joy of Ghost Mail, for me at least. There's something in here for everyone, no matter where you are on your journey in the markets. It's all about giving you exposure to growth opportunities that will give you the confidence to build wealth in the markets. On that note, you still have time to register for the Unlock the Stock property session at midday today, featuring highly regarded property analyst Keillen Ndlovu. Have you always wondered about the quality of analysis that insitutions get to see? Wonder no more. Just register here and see for yourself.

In Ghost Bites today, you'll find insights from a great presentation released by Vukile Property Fund, so that might get you in the mood for Unlock the Stock later. You'll also find a production update from BHP, as well as another twist in the Ascendis tale in the form of the High Court setting aside the TRP ruling. Get it here.

And if you aren't in the mood for so much financial content today, Dominique Olivier's most recent piece on the truth behind innovation is a great read. All you need to do is find someone else's idea and tweak it a little bit. That's what all the famous people do anyway, as she discusses here.

Have fun in the markets today!

FEATURED: The Trader's Handbook Ep 2

IG Markets collaboration: In the second episode of this exciting new podcast series, Shaun Murison of IG Markets South Africa joined me for a discussion on leverage, the importance of newsflow and how stop losses work, alongside other trading concepts. Get ready to learn about this wonderful element of the markets at this link>>>

FEATURED: Investec Structured Products - new product launches

Investec structured products: Andri Joubert joined me to unpack the Rand Nikkei 225 Autocall and the Dollar Euro Stoxx 50 Autocall.

Expand your knowledge of investment opportunities through this podcast and transcript.

FEATURED: Satrix July newsletter - double-digit gains in the first half of 2024

Satrix: How did markets perform in the first half of the year? And of course, how did offshore compare to local? Satrix takes you around the world in 800 words in this update. Read more here.

FEATURED: Utshalo wants more retail investors

Utshalo: Paul Miller is passionate about the markets and retail investor participation. In this podcast (and full transcript), he walked me through Utshalo and how they help listed companies (like Orion Minerals) raise capital from retail investors. Find it here>>>

Local company news:

Ghost Bites: Ascendis has the High Court on its side for now at least, with the TRP ruling set aside. BHP released an annual production update. Vukile released a detailed presentation on the group. Get everything you need to know in Ghost Bites here>>>

Ghost Wrap: You need just five minutes to get the latest on a few stocks that I think are worth watching in a GNU environment. KAP, Sephaku Holdings, ArcelorMittal and Nampak are all waiting for you, brought to you by Forvis Mazars. Listen to it here>>>

Unlock the Stock: PBT Group returned to Unlock the Stock to present the recent numbers and take questions from the attendees of the live event. With many topics covered, this recording is well worth watching>>> 

Podcasts:

  • Magic Markets - geopolitics, defense stocks and tech ideas: Dimitri Zabelin joined us to share his international expertise on topics ranging from US jobs data (and what to be careful of) through to a thesis for defense stocks. Of course, we had to discuss tech as well. Find it here>>>
  • Investec No Ordinary Wednesday podcast: The market may be unpredictable, but your investment strategy doesn’t have to be. Investec Investment Management experts share their insights on what approaches are winning, common mistakes investors make, and why staying the course is important. Enjoy it here>>>

International Business Snippet:

We take a break from banking today, as Darden Restaurants (a company we recently researched in Magic Markets Premium) is acquiring Chuy's Holdings in a $605 million transaction. Acquisitions are nothing new for Darden, with the full-service restaurant group regularly mopping up chains that fit the strategy.

The biggest exposure in Darden is Olive Garden, which is an Italian format. They also have various steakhouse and other brands. Chuy's is a Tex-Mex concept, with each restaurant supposedly styled in a unique way. I haven't been in one before so can't comment on that. What I can comment on is that Darden really is a rare beast - a full-service restaurant format at scale, as opposed to the quick-service restaurant format (e.g. McDonald's) that is much easier to roll out globally.

If you want to become a better stock picker, Magic Markets Premium is perfect for you. We covered Tesla last week and we are covering Costco this week. To get access to this research and the rest of the vast library, subscribe to the platform here.

IG Morning Call: daily macroeconomic update

Increased trade uncertainty amidst a more likely Trump election win is seeing the US tech sector lead a sell-off on the S&P500 and Nasdaq100 indices.

Asian and European benchmarks are trading mixed this morning and we are expecting a flat to slightly lower start for the JSE All-Share Index.

The dollar has softened as markets anticipate more spending and increased tax cuts should Trump win the upcoming US election. The rand continues to trade in a narrow range between levels R18/$ and R18.30/$.

Oil prices have rebounded on news of lower than expected US inventory levels.

Gold continues to trade near all-time highs as the dollar remains weakened.

Key Indicators: USD/ZAR R18.20/$ | US 10yr 4.17% | Gold $2,470/oz | Platinum $1,020/oz | Brent Crude $82.71

The macroeconomic update is based on IG's morning call update