Trade Ideas
Global Trade Idea: Procter & Gamble Co. (PG) - BUY
We initiate a long position with a target price of $185.00 and a stop-loss of $166.00 (Risk/reward ratio 1:3.0).
21 November 2024
Trade Ideas
Global Trade Idea: Procter & Gamble Co. (PG) - BUY
We initiate a long position with a target price of $185.00 and a stop-loss of $166.00 (Risk/reward ratio 1:3.0).
21 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 45
18 November 2024
Trade Ideas
Global Trade Idea: Target Corporation (TGT) - BUY
We initiate a long position with a target price of $177 and a stop-loss of $147 (Risk/reward ratio 1:2.5).
14 November 2024
Flash Notes
3Q24 QLFS: A better outcome, employment still stalled by lack of robust growth
12 November 2024
Trade Ideas
Global Trade Idea: CarMax (KMX US) - BUY
We initiate a long position with a target price of $90 and a stop-loss of $71. (Risk/reward ratio 1:2.5).
11 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 44
11 November 2024
Trade Ideas
Local Trade Idea: Coronation Fund Managers (CML) - BUY
We initiate a long position. Our upside target is set at R45. We recommend a stop-loss at R38. (Risk/reward ratio 1:2.4).
05 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 43
04 November 2024
Economics weekly
2024 MTBPS: Emphasis on public-private infrastructure investment for inclusive and sustainable growth
01 November 2024
Hot Topics
Platinum Group Metals: Where to from here?
Platinum group metals (PGMs) have been under significant price pressure over the last two to three years. This has seen miners slowing down operations or outright restructuring due to margin pressure and the commensurate impact on cash flows. Some mining sites have been put into care and maintenance (like Two Rivers Merensky by African Rainbow Minerals), Sibanye-Stillwater closed the Marikana 4B shaft, and Impala pulled back on the ramp-up of Styldrift mine, to name a few cases. Other measures that have been taken by miners include staff reductions and pull backs in capital expenditure initiatives. The current World Platinum Investment Council (WPIC) supply projections include a broad reduction in South African production from 2025 to 2028 of ~2% compounded annually.
30 October 2024
Flash Notes
3Q24 QLFS: A better outcome, employment still stalled by lack of robust growth
12 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 45
18 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 44
11 November 2024
Everything you need to know about the markets this week
Weekly opportunities podcast EP 43
04 November 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.
