Take five minutes today and listen to Ghost Wrap, bringing you a super-efficient way to get up to date on Aveng, Curro, Libstar, Transpaco, Standard Bank, Thungela, Exxaro, Sibanye, Gold Fields and Master Drilling. All of that in five minutes?!? It can only be Ghost Wrap, brought to you by Mazars and available here>>>

Structured notes are fascinating things, with Investec coming on board this month to explain them to Ghost Mail readers and financial advisors. With more to come from the team at Investec, give yourself a great intro to these investment opportunities by reading this article>>>

There's still time to register for Unlock the Stock on Thursday at midday with Barloworld. Don't miss this opportunity to engage with a top management team on the local market, brought to you by A2X. Attendance is free but you must register here>>>

The bulldozer or the tools?

Caterpillar and Home Depot are the kinds of US companies that you won't often see in the headlines. They certainly don't c apture the imagination of investors like the tech companies do, yet they are both powerhouses that are great examples of buy-and-hold stocks.

In the latest Magic Markets episode, I did some research on Caterpillar and Moe chose to work through Home Depot. We've covered both companies in Magic Markets Premium before, so this was a useful mini-recap on insights from the recent earnings of both companies. You can enjoy the show here>>>

Bidvest keeps catching bids - and with good reason

When I was asked to contribute to the Financial Mail's Hot Stocks issue in January this year, one of the sectors I was allocated was industrials. I chose Bidve st as my pick in that sector, referencing its pricing power and ability to do well in an inflationary environment. Well, so far so good. Results for the year ended June 2023 look excellent.

The same certainly can't be said for Aveng, with a year that the company literally cannot afford to repeat. The order book is strong but revenue means nothing unless profits come with for the ride.

In other earnings-related news, we saw updates from BHP, NEPI Rockcastle, Spur, WBHO and Woolworths. Importantly, Wesizwe has finally seen the end of labour action at the Bakubung Platinum Mine.

Perhaps the most interesting story of the day was also one of the smallest, with Murray & Roberts selling off an obscure solar wholesale business and raising R73 million in the process. The valuatio n for this deal is fascinating.

Get all these updates and more with a single click in Ghost Bites>>>

Is the US 10-year taking a pause?

The US 10-year yield recently reached a level not seen in over 15 years. Based on historical patterns, TreasuryONE notes that it might be ready for a breather. Investors are slowly coming to terms with the expectation that the Fed will keep interest rates steady for longer than initially anticipated. Interestingly, four consecutive months of rises in US treasury yields has happened 16 times since 2001. Little change in the yield yesterday was a contributing factor to a decent day for the rand, with a 1% gain.

The recent oil rally seems to be losing steam, with a potential increase in supply from Iran and possibly Iraq as well. The demand side is also uncertain, particularly in China. A hawkish stance by Fed Chair Jerome Powell at Jackson Hole would likely support the dollar and diminish the appeal of commodities priced in dollars, like oil.

For more insights, visit the TreasuryONE YouTube channel.

Have a great day!