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So far Magic Markets has created 378 blog entries.

ASML: Higher up the AI value chain

2025-02-13T11:07:32+02:00

The AI boom has created household names among technology companies and investors have enjoyed incredible rallies along the way. Further up the value chain, we find ASML and its unique technology in the chip manufacturing space. Is this a case of the shovel in the gold rush, or are there better ways to play this theme?

ASML: Higher up the AI value chain2025-02-13T11:07:32+02:00

Magic Markets #211: Private markets are a hive of activity

2025-02-12T19:35:09+02:00

For companies seeking capital, founders wanting to exit their stake and investors who desire diversification and solid returns, private debt and equity markets offer a vibrant ecosystem. Dino Zuccollo of Westbrooke Alternative Asset Management joined us to discuss activity across the capital stack and some of the key trends coming into 2025, as well as the general levels of adoption of this asset class in South Africa and abroad.

Magic Markets #211: Private markets are a hive of activity2025-02-12T19:35:09+02:00

3M: Where Industry Meets Science

2025-02-05T21:24:05+02:00

3M has been at the forefront of industrial innovation for over a century – but even a company with that track record isn’t immune to losing its way. Under new management and with a turnaround strategy that is clearly working, 3M is focusing on getting the basics right. The market loves it, with an immense rally in the share price. Has it gone too far, or is there room to go?

3M: Where Industry Meets Science2025-02-05T21:24:05+02:00

Magic Markets #210: Tariff Tantrum

2025-02-05T20:31:46+02:00

Given the widespread impact on the companies that we follow, it's hard to ignore the geopolitical fires that are raging around Trump and the countries that he has been targeting. Canada, Mexico and now South Africa - is anyone safe? Of course, these issues are nuanced and the relative negotiating power of each country becomes relevant. In this show, we talk about the response of Canada (where Moe has a front-row seat) and Mexico, as well as Ghost's concerns around how this is all coming at a bad time, with South Africa's economic recovery still in its infancy.

Magic Markets #210: Tariff Tantrum2025-02-05T20:31:46+02:00

Burberry: Worth checking out?

2025-01-29T21:47:26+02:00

Purveyors of the famous check pattern, Burberry is iconic British luxury at its best. Or is that worst? The recent financial performance has been poor to say the least and in a sector where family dynasties are par for the course, Burberry struggles to even have consistency at CEO level. With some signs of life in the latest quarter, will Burberry be one of the great turnaround stories this year?

Burberry: Worth checking out?2025-01-29T21:47:26+02:00

Magic Markets #209: AI, Trump and turnarounds

2025-01-29T18:29:57+02:00

As we sign off on January, it's been a month of major moves in markets. Globally, the valuation risks in AI were thrust into the spotlight in recent days based on the emergence of DeepSeek. Geopolitical risks are also a major feature of 2025, with some of Trump's recent actions showing that we are in for a bumpy ride. And yet, there are some turnaround stories out there that had a great January. Is the market looking for value opportunities in unusual places based on fear of how far tech has run? Nike, Walgreens and Burberry have all been researched in Magic Markets Premium this month and we highlight that basket in this show.

Magic Markets #209: AI, Trump and turnarounds2025-01-29T18:29:57+02:00

JPMorgan: In Jamie we trust

2025-01-23T00:16:01+02:00

When it comes to banking, in Jamie we trust – Dimon that is, of JPMorgan fame. JPMorgan is the most impressive name on Wall Street and they have no shortage of Main Street banking operations as well. 2024 was another great year for the share price, despite a decreasing interest rates environment. What could 2025 hold as we enter the year with the price at all-time-highs?

JPMorgan: In Jamie we trust2025-01-23T00:16:01+02:00

Magic Markets #208: Banking on banking

2025-01-23T00:14:53+02:00

The banking industry is part of the fabric of any economy. This is both good and bad, as success in that sector therefore depends on broader economic activity. This has been the problem for most of the South African banking sector options over the past decade, but could that change in 2025? And what are the key metrics to look out for? With reference to key macro points as well as more granular analysis into banks, we talked about topics ranging from the differences between US and South African banks through to sources of revenue like NII and NIR. We also talked about perhaps the most important thing of all for banks: the interest rate cycle.

Magic Markets #208: Banking on banking2025-01-23T00:14:53+02:00

Walgreens: A headache, or chronic pain?

2025-01-15T20:38:45+02:00

Walgreens is a leading retail pharmacy group that is in a turnaround process. With a strong recent rally in the share price, the market likes what it is seeing – but that rally has come after plenty of pain in the share price. Structurally, the business has some weak spots that make it a difficult long-term play. Tactically though, 2025 could bring opportunities to those who watch the stock closely.

Walgreens: A headache, or chronic pain?2025-01-15T20:38:45+02:00

Magic Markets #207: Retail turnarounds – high risk, high reward?

2025-01-15T18:42:35+02:00

Stories like Nike and Walgreens in the international market (both recently covered in Magic Markets Premium), as well as Pick n Pay in South Africa, tend to grab the imagination of investors as they go through a turnaround. In this episode, we start off with some of the key macroeconomic indicators that investors and traders use to assess the health of the retail industry. We then go into the process of a typical turnaround, along with the milestones that are usually seen. Turnarounds in the retail sector are highly speculative and therefore offer strong rewards for those who get them right. This podcast will increase your understanding of how these turnarounds work.

Magic Markets #207: Retail turnarounds – high risk, high reward?2025-01-15T18:42:35+02:00
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