Nvidia’s Financial Performance
- Nvidia’s Q1 Results:
- Revenue up 262% year-on-year to $26 billion.
- Net income up 628% year-on-year to $14.9 billion.
- Gross margins at 78.9%.
- Stock Split: 10-for-1 stock split set for 7 June.
- Market Reaction: Stock traded over $1,000 in the aftermarket.
Anglo American and BHP Group
- BHP’s Third Offer: Anglo American rejects BHP’s third offer.
- Deal Concerns: Issues with the price and risk of the deal.
- Next Steps: Extended deadline for BHP’s offer to 29 May.
Richemont’s* Results
- Richemont’s Position: Holding steady in a tough luxury market.
- Earnings Growth: Expected around 10% over the next few years.
- Preferred Stock: Richemont favored over LVMH for its focused luxury product line.
Copper Market
- Copper Boom: Strong performance but cautious outlook due to potential price pullbacks.
- Investment Options: Local ETNs and offshore ETFs available for copper investment.
Structured Products
- Educational Video: Power Hour session on structured products by Kevin Swartz from Standard Bank.
- Features: Capital protection and enhanced upside.
Pick n Pay’s Plan
- Sales Update: For 52 weeks ending 25 February, bleak results expected.
- Market Reaction: Stock closed 4.5% higher on news of a plan.
South African Economic Indicators
Vehicle Sector Analysis
- Companies Covered: Combined Motor Holdings (CMH), WeBuyCars, Motus, and Zeda.
- WeBuyCars showed strong sales growth.
- Motus and CMH had high dividend yields.
- Zeda focuses on car rentals and mobility as a service.
- CMH preferred for its consistent performance and dividend yield.
Home Building Sector Analysis
- Companies Covered: Calgro M3* and Balwin.
- Balwin struggling with higher-priced units.
- Calgro M3’s flexible pricing strategy favored in current market conditions.
Calgro M3 vs Balwin
Santova Directors’ Selling
- Director Sales: Recent director sales not seen as a significant concern.
- Market Impact: Director selling viewed as a neutral action.
Disclaimer
JSE Direct is an independent broadcast and is not endorsed or affiliated with JSE Limited. Views expressed are solely those of the presenter.
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JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
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JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
