Trading update : 3 October 2024
Tech remains the major growth theme pushing multiple stocks and indexes higher, with Naspers and the S&P 500 reaching record highs in recent days. With strong forecasts emerging that the AI boom is unlikely to lose steam anytime soon, few would bet against the records to keep tumbling. AI boom pushes Micron higher Micron Technology […]
US Market Update : 26 September 2024
US supply chain strain on the horizon? Businesses are bracing for a strike at three dozen US ports that could upend supply chains and raise prices just weeks before election day, posing a threat to cooling inflation. The Financial Times reports that the International Longshoremen’s Association says its 25,000 members will walk off the job […]
Trading Update : 25 September 2024
You get a cut, you get a cut, everyone gets a cut! The interest rate cutting cycle is well and truly underway as the US Fed slashed rates by a chunky 50bps while the SARB took a more conservative approach with a 25bp cut. More money in consumer pockets means more spending and a bump […]
Trading Update : 19 September 2024
Global Updates Microsoft announces massive share buyback Microsoft (MSFT-NASQ) stock climbed after the company announced a massive $60 billion share buyback, matching its largest-ever repurchase authorisation, and hiked its quarterly dividend. The software firm announced a quarterly dividend of $0.83 per share, which is a 10% increase on the previous quarter. The dividend is payable […]
Trading Update : 2 September 2024
Updates in the market. CrowdStrike, Naspers, Bidcorp, Italtile and others.
