Apple’s Financial Performance and Buffett’s Decision:
- Apple’s recent financial results showed steady revenue growth across various segments including iPhone, MacBooks, and iPads.
- Warren Buffett’s Berkshire Hathaway reduced its stake in Apple by half, sparking market speculation.
- The implications of Apple’s valuation and Buffett’s strategy in maintaining a significant yet reduced position in Apple were discussed.
Market Movements in Japan:
- The dramatic drop in Japan’s Nikkei 225 index, which fell nearly 27% from its recent highs, was analyzed.
- Possible reasons behind the sell-off included the unwinding of the Japanese carry trade and broader market concerns about global economic stability.
- The role of low liquidity in exacerbating the market decline was highlighted.
Nikkei 225
Nedbank’s Financial Results:
- Nedbank reported solid financial results with HEP’s up 11% and a near 15% return on equity.
- Improvements in impairments and concerns over the cost-to-income ratio were noted.
- The banking index’s performance and its implications for Nedbank’s stock were discussed.
Anglogold Ashanti’s* Performance:
- Anglogold Ashanti’s strong production and profitability metrics were reviewed.
- The importance of holding gold miners and gold ETFs in the current market environment was emphasized.
Launch of Ethereum ETFs:
- The approval of Ethereum ETFs by the US SEC was announced, with eight new ETFs available for trading in New York.
- The differences between Ethereum’s proof-of-stake blockchain and Bitcoin’s proof-of-work blockchain were explained.
- Potential implications for investors and the broader crypto market were discussed.
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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.
Thursdays are all about hard-core investing and trading with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.
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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.
