Everything you need to know about the markets this week
Weekly opportunities podcast EP 19
This week we cover US CPI and the likelihood of rate cuts by the Fed later this year. We also cover meme stocks and the recent Gamestop saga. Lastly an update on Anglo American as well as Chantal's stock pick for the week.
20 May 2024
Trade Ideas
Global Trade Idea: Shoprite Holdings (SHP) - BUY
We initiate a long position. Our upside target is set at R295. We recommend a stop-loss at R245.
14 May 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 18
13 May 2024
Economics weekly
Some emerging market central banks are cutting rates, why not SA?
After recording an average of 8.7% in 2022, global inflation fell to 6.8% in 2023 and is expected fall further to 5.9% this year. By 2026, it should settle slightly below the historical average of 3.8%. This trend is driven by declining inflation in advanced economies, which is expected to fall from 4.6% in 2023 to 2.6% in 2024, reaching the conventional 2% target by 2025. However, a different story applies to emerging markets where inflation is expected to remain steady at 8.3% in 2024 and slow in 2026 to 6.2%.
10 May 2024
Equity Insights
Nvidia- Still cashing in (on) its chips
Nvidia designs and develops hardware processing units, supplying a large and diverse customer base spanning both the computing and the automotive industry. The company was founded in 1993 and has continued to operate as a fabless chipmaker, meaning it specialises only in the design and selling of semiconductors (silicon-chips), whereas actual manufacturing is outsourced to thirdparty foundries such as the Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung.
08 May 2024
Hot Topics
Gold is at record levels - what now?
The gold price recently reached another all-time high, prompting investors to reassess their current exposure. Is it time to take profit for those who have held positions in gold or is it better to just hold on? And if an investor does not hold any gold - is there still a case to be made to initiate a position now?
06 May 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 19
20 May 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 18
13 May 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 17
06 May 2024
Disclaimer
This Publication note is issued by FNB for the information of clients only and should not be produced in whole or part without prior permission. Although FNB is an Authorised Financial Services Provider, any opinions and/or analysis contained in this Publication are for informational purposes only and should not be considered advice, including but not limited to financial, legal or tax advice, or a recommendation to invest in any security or to adopt any investment strategy. The information contained herein has been obtained from sources/persons which we believe to be reliable but is not guaranteed for correctness, completeness or otherwise and we do not assume liability for loss arising from errors in the information or that may be suffered from using or relying on the information contained herein irrespective of whether there has been any negligence by us, our affiliates or any other employees of us, and whether such losses be direct or consequential. As market and economic conditions are subject to rapid change, any comments, opinions and analysis is rendered as of the date of publishing and may change without notice. Such changes may have a material impact on the outcome of any investment. Securities involve a degree of risk and are volatile instruments. Past performance is not indicative of future performances. Securities or financial instruments mentioned in the Publication note may not be suitable for all investors and FNB bares no responsibility whatsoever arising from or as a consequence hereof. The material is not intended as a complete analysis of every material fact regarding any share, instrument, sector, region, market, country, investment or strategy. The recipient of this Publication must make their own investment decision and is advised to contact his relationship manager for a personal financial analysis prior to making any investment decisions. Copyright 2023.
