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# Magic Markets

Finance Podcast

## Sitemaps

- [XML Sitemap](https://magic-markets.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Blog Page](https://magic-markets.com/?page_id=5335)
- [Recap: Hasbro and Visa](https://magic-markets.com/recap-hasbro-and-visa/) - By recapping Hasbro and Visa in the same report, we touch on one company that is in a state of strategic flux and another that is simply executing on more of the same. This is what makes the markets so interesting.
- [Magic Markets Ep131: How to DYOR](https://magic-markets.com/magic-markets-ep131-how-to-dyor/) - You want to Do Your Own Research, but you aren't sure how? In this episode, we touch on important fundamental and technical metrics and strategies.
- [Home Depot: One For The Bottom Drawer](https://magic-markets.com/home-depot-one-for-the-bottom-drawer/) - Home Depot is the eCommerce hero that nobody talks about. There are a lot of surprises in this business, with long-term financial performance telling a wonderful story. This is going to be a disappointing year vs. FY22, but is that perhaps an opportunity?
- [Magic Markets Ep130: Capital Structure 101](https://magic-markets.com/magic-markets-ep130-capital-structure-101/) - In just 20 minutes with us, you'll learn new things about balance sheet strategies and how they impact dividends and share buybacks.
- [Topgolf Callaway: Only For The Short Game?](https://magic-markets.com/topgolf-callaway-only-for-the-short-game/) - Topgolf Callaway is the victim of a risky and questionable strategy to focus on rolling out entertainment venues with unproven economics. Underperformance vs. its major competitor has been significant, but will this change?
- [Magic Markets Ep129: Relief Rallies and Market Emotions](https://magic-markets.com/magic-markets-ep129-relief-rallies-and-market-emotions/) - With a local relief rally putting many stocks in the green after a horrible few months, we unpack some of the differences between the North American and local markets. We touch on behavioural finance and how sentiment drives market performance over different time horizons. This is a perfect example of the conversations that happen in dealing rooms and professional institutions. At Magic Markets, we give you a ticket to the dealing room to engage with us and learn from our views on the markets.
- [Magic Markets #245: How Big Deals Create Big Problems](https://magic-markets.com/magic-markets-245-how-big-deals-create-big-problems/) - The quality (and track record) of corporate M&A ranges from incredibly smart deals through to corporate disasters. One thing is for sure: results may vary when you see companies announcing large transactions. After dedicating Magic Markets Premium this week to the proposed Keurig Dr Pepper - JDE Peet's transaction, which has all the makings of a mess, we decided to use our free show to discuss more fundamental principles around M&A and why large deals are often a flop. It almost always comes down to the same problem: misalignment between management and shareholders. We also brought some balance to the discussion by looking at great examples of successful M&A strategies both in South Africa and abroad.
- [Magic Markets #244: Buying Shovels in the X-Rush](https://magic-markets.com/magic-markets-244-buying-shovels-in-the-x-rush/) - The concept of "shovels in the gold rush" is really useful in investing, as it speaks directly to thematic opportunities where the approach is to pick a stock as far up the value chain as possible. A perfect example is Coinbase, which is really a play on the broader crypto market. A less pure-play example is Accenture, which is an attempt to get a slice of the action in AI and cloud investment by corporates. And if you stretch the definition even further, you can come up with plenty of other examples. Is this a good strategy? And why? Perhaps most importantly, does it always work? Using examples from our own portfolios, we took the opportunity to discuss the concept of shovels in the X-rush and why investors should add it to their thinking.
- [Costco: Mind The Gap To Walmart](https://magic-markets.com/costco-mind-the-gap-to-walmart/) - Costco is one of the best retailers in the world, yet the share price has grossly underperformed arch rival Walmart this year. Is the model losing its shine, or is the valuation too demanding? Or perhaps both?
- [Magic Markets #243: Hallucinations and Hype: AI Bubble Risks](https://magic-markets.com/magic-markets-243-hallucinations-and-hype-ai-bubble-risks/) - With the news of NVIDIA investing in OpenAI and with our focus this week in Magic Markets Premium on the truly wild forecasts being put out there by Oracle, we use our recent real-world experience with AI to comment on where it works and where it horribly fails to add any value at all. Or worse, where it confidently "hallucinates" and gives completely the wrong answer. Of course, there's a much bigger risk at play here: whether the world has found itself in bubble territory in AI, particularly in assets like data centres. Amidst all the excitement out there, it's important to keep the bear case in view for these assets. As the markets have taught us many times, things are rarely as good or as bad as they seem.
- [Oracle: Rocketing RPO](https://magic-markets.com/oracle-rocketing-rpo/) - Oracle has seen share price growth of over 50% in the past three months alone and it certainly isn’t because of recent revenue growth, showing just how much hype has found its way into this stock. Oracle’s Remaining Performance Obligations (RPOs) have skyrocketed, leaving analysts on the call struggling for air – and reasonable questions, for that matter! We look through the hype around Oracle and question whether there’s enough to justify the move here, particularly given the hyper competitive space in which Oracle plays.
- [JD.com: Looking for a Food Flywheel](https://magic-markets.com/jd-com-looking-for-a-food-flywheel/) - JD.com, much like sector peer Alibaba, is an interesting thematic play on China. But unlike Alibaba, JD.com is focused on first-party sales and owning the logistics infrastructure, rather than building out a platform. This means the economics take longer to come through, but the moat is arguably wider. Does this make JD.com a worthwhile contender for a long-term lens on China?
- [Magic Markets #242: Defending quarterly reporting](https://magic-markets.com/magic-markets-242-defending-quarterly-reporting/) - In the US market, companies are required to report quarterly - for now, at least. The latest utterances by President Trump suggest that quarterly reporting is being viewed in a negative light, with the SEC noting that they will be looking at whether reporting should move to align with most of the rest of the world i.e. results every six months. We don't like this idea. Although there are lots of arguments out there about short-term vs. long-term thinking and all the rest, our preference is always for fresh information and giving investors more to work with. In this episode, we discussed our views on quarterly reporting and debated some of the associated points.
- [Alibaba: Refocused Dragon](https://magic-markets.com/alibaba-refocused-dragon/) - Alibaba is telling an exciting story of investment at the moment, with a huge opportunity across both AI + Cloud and the eCommerce platforms. But this means eyewatering capital expenditure and expenditure in general for that matter, putting pressure on the near-term economics. Is the long-term opportunity strong enough to justify this? And has the rally in the share price taken Alibaba to unattractive levels?
- [Magic Markets #241: Catalysts and Meme Stocks](https://magic-markets.com/magic-markets-241-catalysts-and-meme-stocks/) - What causes share prices to move? Are there always sensible reasons, or does the market sometimes dish up crazy things? There are academic arguments and practical considerations for most things, ranging from dividend signalling through to technical indicators and even the pandemic-era phenomenon that is meme stocks. In this podcast, we covered a number of price catalysts and what they really mean, while touching on things to look out for.
- [Magic Markets #240: Omnichannel Observations - The Biggest Trend In Retail](https://magic-markets.com/magic-markets-240-omnichannel-observations-the-biggest-trend-in-retail/) - As a follow-on show from the previous week where we talked about how to analyse retailers, we decided to cover the biggest trend right now in the sector: the rise of omnichannel retail. Digital isn't the future, it's the present! Retailers without proper digital strategies are being left behind at an alarming rate. We touched on global statistics around eCommerce penetration before diving into specific elements of omnichannel retail, including fascinating insights gleaned from our resident ghost in a discussion with Shoprite CEO Pieter Engelbrecht after the release of results. If you're interested in understand the top-of-mind strategies in the retail sector, this show is for you.
- [Dick's Sporting Goods: The Foot Locker Era](https://magic-markets.com/dicks-sporting-goods-the-foot-locker-era/) - In specialist retail, Dick's Sporting Goods has built a formidable business with a clever omnichannel and digital strategy. They are taking it to the next level with the acquisition of Foot Locker, creating a global footprint in the process. In a tariff environment, are they biting off more than they can chew? Or will they hit a home run here for the long-term?
- [Magic Markets #239: Analysing Retailers](https://magic-markets.com/magic-markets-239-analysing-retailers/) - The retail sector isn't just a critical source of employment and consumer goods in every economy in the world. No, it's also a major contributor to stock indices and portfolio strategies that look for strong underpins that can give protection against inflation. Analysing retailers requires a nuanced approach that includes an understanding of margins, working capital and other balance sheet concepts. With a discussion that includes topics like category-level gross margin and the importance of omnichannel strategies to trading density, this episode of Magic Markets gives a useful overview of some of the key concepts used by professional analysts when they assess retailers.
- [TJX: Treasure Hunts and Tariffs](https://magic-markets.com/tjx-treasure-hunts-and-tariffs/) - TJX’s “treasure hunt” model has turned out to be worth its weight in gold in a tariff environment, with an opportunistic buying strategy that allows the company to take full advantage of global trade disruptions. The share price is trading at a premium valuation and has outperformed both Costco and Walmart this year. Is this a core long position, or are we rather putting this on the watchlist?
- [NextEra Energy: More Upside In This Utility?](https://magic-markets.com/nextera-energy-more-upside-in-this-utility/) - NextEra Energy is the biggest energy utility in the US - which means it sits at the forefront of higher energy demand from various underlying drivers like data centres. But to rise to that demand, there's plenty of capex and debt required - and now an accelerated timeline as well thanks to legislative changes around credits. There's a lot to play for in the next 2 years and the market looks nervous. Is that an opportunity?
- [Magic Markets #238: Stablecoins with Mesh.Trade](https://magic-markets.com/magic-markets-238-stablecoins-with-mesh-trade/) - Stablecoins are highly topical at the moment, with important new legislation in the US and many discussions taking place around the world with regulators. But why do they matter so much in the world of blockchain and crypto? To explain the importance of stablecoins and to talk through critical concepts like yield-bearing stablecoins and the various use cases of this technology, Connie Bloem of Mesh.Trade joined us on this podcast. We also touched on the recently launched SLVR token that allows investors to gain access to silver, an interesting follow-up the gold product that launched on Mesh.Trade earlier this year.
- [Magic Markets #237: Buying Market Leaders](https://magic-markets.com/magic-markets-237-buying-market-leaders/) - Stocks like Microsoft, Meta and Netflix have been strong winners in our portfolios (although we've had different exposures to them at different times). These stocks are great case studies to deal with two important questions. The first relates to letting winners run. How do we think about having long-term vs. tactical positions and potentially trimming them over time? The second relates to winners in a different context, being stocks in sectors with winner-takes-all or winners-take-most economics. Does this change the way we think about them over time? As always, this podcast is a way to share our ideas with listeners and drive debate. It is for informational purposes only and should not be treated as financial advice.
- [Microsoft: Cashing In On The AI Rush](https://magic-markets.com/microsoft-cashing-in-on-the-ai-rush/) - Microsoft has truly stood the test of time, boasting one of the widest moats in the technology sector. With a market-leading enterprise software offering and highly competitive offerings across many tech verticals, Microsoft's business is able to support the extensive current investment in AI and cloud. Is the moat just getting wider over time, or are the risks getting higher?
- [Meta: Zuck, A Bit Of Luck - And The Big Bucks](https://magic-markets.com/meta-zuck-a-bit-of-luck-and-the-big-bucks/) - With one of the widest user bases in the world, Meta is one of the few companies with a clear use case and economic opportunity for AI. It comes at a heavy cost though in R&D spend - will it be worth it?
- [Magic Markets #236: Mpact's Bullish Outlook on SA Agri - Fact or Fiction?](https://magic-markets.com/magic-markets-236-mpacts-bullish-outlook-on-sa-agri-fact-or-fiction/) - Earlier this week, Mpact gave the South African market a positive surprise. The packaging group is a major supplier to the agri sector, particularly for the export of agricultural products from South Africa like citrus. At a time when the market was expecting doom and gloom thanks to US tariffs, Mpact gave a positive outlook around agricultural activity and the share price rallied in response. To find out whether this bullish outlook is warranted, we asked Wandile Sihlobo to join us on the show. Despite the last minute decision to go this route, he graciously accepted the invite and brought his expert voice to the discussion. It turns out that the real story on SA agriculture is a lot more bullish than you might think.
- [Chipotle: What The Guac Happened?](https://magic-markets.com/chipotle-what-the-guac-happened/) - Chipotle has been one of the strongest growth stories in the quick-service restaurants or QSR space, with particular focus on North America. Revenue has shown impressive growth rates and the margin story is even better. But this year, there's a wobbly - and the market has been dumping the stock. Just what the guac is going on here at this successful Mexican-inspired restaurants business?
- [Magic Markets #235: Can Fast Food Stocks Keep Growing?](https://magic-markets.com/magic-markets-235-can-fast-food-stocks-keep-growing/) - Are consumers still having fries with that, or have changes in consumer preferences (like more awareness of health and nutrition) given fast food stocks a knock? Quick-service restaurants are businesses that can scale quickly, usually through a franchise model, which is why they've historically done well. They don't all take this route though, as evidenced by Chipotle that we just covered in Magic Markets Premium - and that's one of the best names in this sector. Clearly, there are important nuances here. Aside from the global names, how have Spur and Famous Brands been doing on the JSE? And what are some of the core differences in their strategies? You listen to this show on an empty stomach at your own risk. You can also expect to hear a brief argument about Italian milkshakes.
- [Magic Markets #234: How Do Banks Manage Their Balance Sheets?](https://magic-markets.com/magic-markets-234-how-do-banks-manage-their-balance-sheets/) - After covering the financials sector on the JSE last week and with our latest Premium research being on Goldman Sachs, we decided to talk about bank balance sheets and some of the key concepts. This includes elements like capital adequacy, non-performing loans and portfolio tilts across various products. If you've ever wondered why mortgage originators even exist in the first place, you'll enjoy this show.
- [Goldman Sachs: All That Glitters](https://magic-markets.com/goldman-sachs-all-that-glitters/) - Goldman Sachs is the most famous name on Wall Street - and on that street, they know a lot about making money! With a strong tilt towards markets, advisory, asset and wealth management businesses, Goldman Sachs is a high beta play on the US market. That's been a lucrative model for investors, but will the good times continue? And what are the risks in the model?
- [Magic Markets #233: Financials on the JSE - Paradise for Stock Pickers](https://magic-markets.com/magic-markets-233-financials-on-the-jse-paradise-for-stock-pickers/) - The financials sector on the JSE is a substantial contributor to the overall index. Although banks make up the bulk of the sector, there are also major businesses in areas like insurance and wealth management. With South Africa's difficult macro backdrop, there isn't a rising tide that lifts all boats in this sector. Instead, it tends to reward stock pickers who understand the nuances across the various businesses, including their relative exposure to South Africa vs. offshore markets. In this episode, we dig into some of the key concepts to keep in mind when looking at the banks, large diversified financial services groups and businesses that earn fees from assets under management.
- [Exor: Right Place, Wrong Sectors?](https://magic-markets.com/exor-right-place-wrong-sectors/) - As investors look for European opportunities, Exor tends to come up as “Europe’s Berkshire Hathaway” – and on the surface, that looks valid. There’s a core portfolio of listed investments, along with a long tail of unlisted plays – just like Berkshire. And if you look at long-term performance at Exor, they’ve far outperformed their benchmark (the MSCI World Equity Index). But what’s the catch? And could it have anything to do with far too much reliance on fast red cars?
- [Magic Markets #232: Hybrid Capital - Best of Both Worlds (with Westbrooke)](https://magic-markets.com/magic-markets-232-hybrid-capital-best-of-both-worlds-with-westbrooke/) - The "capital stack" refers to the mix of debt and equity that provides the funding for a business. With so many options on the spectrum from senior debt to pure equity, companies and investors come together in search of optimal solutions for all involved. Westbrooke's approach makes use of various funding mechanisms, with hybrid capital as a particular favourite. This aims for debt-like risk and equity-like returns, while providing capital for lower- to mid-market deals in markets like the UK. Dino Zuccollo, Head of Investor Solutions at Westbrooke Alternative Asset Management, joined us on this episode to update us on the alternative asset market, recent deal trends across markets and the exciting news of the R3.8 billion WDO UK Fund II, raised by Westbrooke in partnership with RMB.
- [Magic Markets #231: Platinum and the Cheese Spread](https://magic-markets.com/magic-markets-231-platinum-and-the-cheese-spread/) - Drawing charts like orange juice and cheese futures might be fun, but there's an important underlying influence that soft commodities have on inflation. Even if you don't trade commodities, there are useful things to learn. And of course, when we get to the hard commodities that are actively traded every day, we move from jokes about the cheese spread to very real analysis around the drivers of the platinum price and what this is doing for stocks like Sibanye-Stillwater, where our resident Ghost is looking forward to finally breaking even after a long and painful period in the PGM cycle. Join us for a fun show that is ultimately an ode to commodities and the sheer breadth of opportunities available on the market.
- [H&M: Not so fast fashion](https://magic-markets.com/hm-not-so-fast-fashion/) - H&M has always been the poor cousin of Inditex, the holding company of Zara. Recently, the gap in valuation multiples has opened even wider. Does that make H&M a strong contender for a contrarian trade, or are there good reasons for the further derating in the stock?
- [FedEx: Delivering in a Trade War](https://magic-markets.com/fedex-delivering-in-a-trade-war/) - FedEx is right in the cross-hairs of the trade war, especially with their global business that is built around a US leg to the trade flows. Despite this, cost and capex efficiencies have done wonders for the investment case. But is it enough?
- [PepsiCo: Out of Fizz?](https://magic-markets.com/pepsico-out-of-fizz/) - PepsiCo owns some delicious snack brands, yet the share price is anything but tasty. Left for dead in recent times by Coca-Cola, PepsiCo is facing such strong headwinds that the share price is trading at the lowest multiples seen in the past decade. Is this a great buying opportunity, or is the market right to dump the stock?
- [Magic Markets #230: Insights From Five Global Companies](https://magic-markets.com/magic-markets-230-insights-from-five-global-companies/) - Listen to the show here: Description: In this episode of Magic Markets, Mohammed Nalla and The Finance Ghost decided to each choose three companies from the recent research in Magic Market Premium, with the goal being to discuss some of the most interesting insights that came out of each one. Both chose Berkshire Hathaway (predictably),
- [Oracle: In Their Prime](https://magic-markets.com/oracle-in-their-prime/) - Oracle isn’t a name that gets spoken of in the same way as the Magnificent 7, yet the company’s differentiated offering in AI-friendly databases is doing wonders for its growth rate. The more mature businesses in Oracle are being brushed aside by the market right now, with all the focus on the IaaS and SaaS offerings. Is this too much of a hype trade right now, or is there any value at the current level?
- [Magic Markets #229: Macro World Tour](https://magic-markets.com/magic-markets-229-macro-world-tour/) - There's a lot going on in the world right now, giving us a great opportunity to let Moe wax lyrical about the key macroeconomic indicators and trends in the US, Europe, China and Japan. We also touched on markets like the UK and India as part of this world tour. Of course, there's nothing Ghost enjoys more than a share price chart when it comes to the markets, or in this case an index chart going back many years. Looking at the relative returns of these markets over the past 25 years tells quite the story, with some major winners - and losers. This is a great reminder that where you invest is just as important as what you invest in - and in fact, it might be even more important!
- [Magic Markets #228: Mesh.Trade and the Titans](https://magic-markets.com/magic-markets-228-mesh-trade-and-the-titans/) - Magic Markets listeners have become familiar with AnBro's approach to building global equity portfolios with different mandates. Titans is just one such example, focusing on an equal-weighted portfolio of best-of-breed stocks across various sectors. With Titans now available on Mesh.Trade's platform alongside the other AnBro offerings, it was the perfect opportunity for Craig Antonie of AnBro to join us to talk about the fund strategy, accompanied by Connie Bloem of Mesh.Trade to talk about the platform offering.
- [Lululemon: Bitter Tariffs](https://magic-markets.com/lululemon-bitter-tariffs/) - Lululemon is a bitter pill to swallow for those who watched the share price drop sharply based on guidance. Now trading at the lowest multiples we've seen in the past decade, is this a speculative buy for those brave enough to wade into tariff uncertainty?
- [Magic Markets #227: Saudi Aramco and Ferrari](https://magic-markets.com/magic-markets-227-saudi-aramco-and-ferrari/) - After a few weeks of Formula One races every weekend, many sports fans have been bombarded with two brands: Saudi Aramco and Ferrari. This gave us a great opportunity to talk about both listed companies - from fossil fuels to fast cars! Our view is that Ferrari is without a doubt the better business in terms of brand strength and long-term prospects, but why is that? And just how much does Formula One actually matter to them anyway?
- [NVIDIA: Geopolitics and GPU](https://magic-markets.com/nvidia-geopolitics-and-gpu/) - NVIDIA is perhaps the best modern example of selling shovels in the gold rush. The American company's technology is fundamental to the global AI stack. But therein lies the risk - the US government's spat with China has hurt NVIDIA and could throttle growth going forwards. Where does this leave the risk/reward trade-off?
- [TJX: Off-Price Doesn't Mean Cheap](https://magic-markets.com/tjx-off-price-doesnt-mean-cheap/) - TJX is an off-price retailer trading at a premium multiple. The business model is built around treasure hunt experiences for shoppers. Investors who have been in the stock for a long time would certainly see it as a treasure! But at these levels, with all the tariff uncertainty, is this simply too stretched now?
- [Magic Markets #226: From Analyst to Entrepreneur](https://magic-markets.com/magic-markets-226-from-analyst-to-entrepreneur/) - Muofhe Kwinda is a Magic Markets listener who reached out to us because he has an interesting story. He's made the leap from being a financial analyst in the investment space to being an entrepreneur, with business interests in mining and agriculture. We couldn't resist the temptation to tap into what he's learnt by moving from desktop analysis of companies into the "real world" where you can actually taste the effect of working capital pressure. There's a big difference between thinking of a bear case and experiencing the day-to-day operational risks of doing business. This is a highly insightful discussion that helps bridge the gap between financial and operational roles in business.
- [Magic Markets #225: US Downgrade and JPMorgan Views](https://magic-markets.com/magic-markets-225-us-downgrade-and-jpmorgan-views/) - The US credit downgrade by Moody's wasn't a huge surprise, as they are just playing catch-up to what other ratings agencies already did. The complacency in the market in response to the downgrade is recently, as it sparks an opportunity to talk about the dollar as the world's reserve currency. In the same week, a JPMorgan investor day provided an excellent opportunity to dig into the wisdom of not just Jamie Dimon, but CFO Jeremy Barnum as well. Aside from some insights into JPMorgan's view on the economic outlook, Barnum delivered an absolute masterclass in capital allocation.
- [Simon Property Group: Looking Beyond the US](https://magic-markets.com/simon-property-group-looking-beyond-the-us/) - Simon Property Group is the scale player in US retail real estate. With a global expansion strategy, they are also seeking growth in both developed and emerging markets. Have we seen the best of the company in its post-COVID recovery, or is there more juice to be squeezed here?
- [Novo Nordisk: Trouble in the US Market](https://magic-markets.com/novo-nordisk-trouble-in-the-us-market/) - Novo Nordisk has been around for a long time, but really burst onto the scene with the introduction of Ozempic / Wegovy. Weight-loss is a lucrative business, evidenced by super profits in recent years. But with the share price way off its highs and growth expectations dropping, is now the time to buy?
- [Magic Markets #224: REITs Taking a Breather](https://magic-markets.com/magic-markets-224-reits-taking-a-breather/) - After a wonderful year in 2024 for property funds (especially in South Africa), the sector has taken a breather in 2025. That's not surprising given how much things have changed, particularly when you consider that 2024 really did create the perfect opportunity for local REITs. In this review of the sector, we talked about concepts like whether tariffs actually affect property, how yields work in this space and what the effect of inflation is. We looked at yields across the US and South Africa, while highlighting major trends affecting demand for property in different segments. This podcast is an excellent way to get to grips with the listed property sector and some of the key investment principles.
- [Waste Management: Garbage is Gold](https://magic-markets.com/waste-management-garbage-is-gold/) - Waste Management is about as close to a utility as you'll find, with a strong growth profile and incredibly defensive margins. Although the market knows this and has priced it accordingly, this is still an appealing long-term play. Welcome to Magic Markets Premium
- [Magic Markets #223: Nuggets from Omaha](https://magic-markets.com/magic-markets-223-nuggets-from-omaha/) - In an incredible contrast of wisdom, this episode focuses primarily on insightful comments from Warren Buffett at the latest Berkshire Hathaway annual meeting, before ending off with the latest chaos on tariffs - this time, Trump's comments on potential tariffs on the film industry, a sector in which the US enjoys a trade surplus! You can't make this stuff up. Thankfully, we have Buffett's endless wisdom and excellent humour to enjoy, along with his comments on their investment strategy and their immense cash pile. Spoiler alert: if you were expecting buybacks of Berkshire shares in the latest quarter, you were disappointed.
- [Intel: Not So Blue Chip](https://magic-markets.com/intel-not-so-blue-chip/) - Intel is a value stock operating in a growth sector. That already gives you a clue about its performance. There's a new CEO in place and he's wasting no time in changing the culture and product roadmap. But will it be enough this time?
- [Magic Markets #222: The Long and the Short of Day Trading](https://magic-markets.com/magic-markets-222-the-long-and-the-short-of-day-trading/) - Our very own Mohammed Nalla thought that the recent tariff volatility would be an excellent opportunity to dust off the day trading strategy that worked pretty well during COVID. Unlike the average Instagram influencer, we are all about authenticity here at Magic Markets - and that's why Moe bravely volunteered to dedicate a show to his learnings from the strategy and specifically why it didn't work out as well this time around. The markets are hard and day trading is even harder. This show is packed with insights and an honest look at just how tough it is, even for those who are experienced. As for our resident Ghost, he's only too happy to keep wearing his "investor" (and occasional swing trader) hat - especially after hearing these day trading stories!
- [Magic Markets #221: Mesh.Trade - Unlocking Private Markets](https://magic-markets.com/magic-markets-221-mesh-trade-unlocking-private-markets/) - As the recent trend in IPOs and delistings on public markets tells us, an increasing number of companies are looking to private markets for their capital raising needs. This means that retail investors are being shut out of these opportunities, which is particularly problematic as these early-stage opportunities usually offer the highest potential returns. Mesh.Trade is committed to increasing access for investors, which is why the platform is designed to enable issuers to raise debt and/or equity funding. Naturally, this means that opportunities like Die MOS (an Afrikaans education business) can be brought to an audience of retail and institutional investors, instead of just institutions like would normally be the case in private market deals. Connie Bloem of Mesh.Trade joined us on this podcast to talk about why access to good quality private assets is so important in the South African market.
- [JPMorgan: Stall Street?](https://magic-markets.com/jpmorgan-stall-street/) - JPMorgan is the poster child for Wall Street and how US Exceptionalism has flowed into capital markets. Led by Jamie Dimon, the group is the go-to choice for US banking exposure. With the world facing significant recession risks, is this a position that we would add to at these levels, or has the market not yet priced in this risk?
- [Delta Air Lines: Cabin Pressure](https://magic-markets.com/delta-air-lines-cabin-pressure/) - Delta Air Lines came into 2025 expecting it's best year ever. A lot of Trump turbulence later, and guidance has been pulled for the full year. Is the company just being conservative, or is there reason to worry?
- [Magic Markets #220: The Global Asset Ownership Web](https://magic-markets.com/magic-markets-220-the-global-asset-ownership-web/) - With markets bouncing around like crazy practically every day at the moment, most of the focus among investors is usually on the equity indices. But what about the bond markets? Aren't they just as important, if not even more important? Does the carry trade play a role? What about foreign ownership of assets, both fixed income and equities? And what is one really important characteristic that investors should consider when looking at buy-the-dip candidates? All this and more in this week's episode of Magic Markets.
- [Magic Markets #219: Trade Wars and Trading](https://magic-markets.com/magic-markets-219-trade-wars-and-trading/) - With the markets all over the place and practically impossible to predict, Moe is busy with a day-trading strategy and Ghost has bought a few dips, ranging from technology through to golf. Is there method in this madness? What is really going on out there? And should we be thinking more and more about China? Volatility can be wild, but it's also a key feature of the markets and a very exciting time for those who like to see action on the screens. In this episode, our passion for the markets really shines through. We invite you to join us.
- [Berkshire Hathaway: The GOAT](https://magic-markets.com/berkshire-hathaway-the-goat/) - Berkshire Hathaway is the mythical name among value investors. Warren Buffett is the GOAT. The annual meeting is known as Woodstock for Capitalists. And no, it's not just hype. With Berkshire so well positioned for the share price volatility we've seen in 2025, it was time to cover this stock in Magic Markets Premium.
- [Alibaba: Dragon or Danger?](https://magic-markets.com/alibaba-dragon-or-danger/) - Alibaba is essentially the Amazon of the East, except the company has to deal with a very different set of political risks. With Jack Ma back in the spotlight and the share price enjoying positive sentiment, is there room to jump into this story?
- [Magic Markets #218: Consumer Conundrum](https://magic-markets.com/magic-markets-218-consumer-conundrum/) - The first quarter of the year was an unhappy one for most consumer stocks. Tariffs are top of mind, as is the pressure that many brands have been facing in China. Inflation is a risk and consumer sentiment is weak. Against this backdrop, is there opportunity in this sector, or is it better to sit this one out and let the volatility do its thing? And does it make a difference to look at discretionary vs. defensive stocks?
- [BMW: Still Business 'Klasse'?](https://magic-markets.com/bmw-still-business-klasse/) - BMW is one of the better European automotive manufacturers, with clear market positioning and a solid EV strategy. Despite this, the disruption from China has still hurt their business - both in global markets and in China itself. Can the Germans fight back?
- [Magic Markets #217: Time for Africa?](https://magic-markets.com/magic-markets-217-time-for-africa/) - As we continue to look beyond the US to demonstrate the opportunities available elsewhere in the world, our gaze turns to Africa. Firmly a currencies story, it's all about whether the macroeconomics will improve in 2025. This is what some of the banking groups have predicted, so South African corporates with African exposure will be hoping that this comes to fruition. But which South African listed companies are these? Which ones stand to benefit? And in line with a broader offshore theme for South African companies, what are the typical features of successful acquisitions vs. those that have failed?
- [Lloyds Banking Group: Sideways No More?](https://magic-markets.com/lloyds-banking-group-sideways-no-more/) - Lloyds Banking Group is the largest digital bank in the UK. It has also benefitted from a major improvement in sentiment towards the broader European region. Is there something to get excited about here after years of sideways movement in the UK market, or is this all hype?
- [Magic Markets #216: Europhoria - hype or the new hustle?](https://magic-markets.com/magic-markets-216-europhoria-hype-or-the-new-hustle/) - These days, the narrative has shifted from US Exceptionalism to one of punters working through the list of European companies to try and find something exciting to buy. Defence stocks seemed to be where momentum traders found their desired home, with incredible returns in those stocks. But what about the rest of Europe? Is there something there to justify this Europhoria? Are there other place to look, like China? And are you willing to allow Moe to invent the term Amexit?
- [Magic Markets #215: The art of investing in art](https://magic-markets.com/magic-markets-215-the-art-of-investing-in-art/) - Tristanne Farrell isn't shy to admit it: she's mildly obsessed with art. As a Senior Wealth Manager at Investec Wealth & Investment International, her day job is to help clients build diversified, successful portfolios. Thankfully, with art as one of the more interesting (and certainly most visually stimulating) alternative assets out there, she gets to enjoy some overlap between her passion and her career. As the host of the Art in Focus podcast series, part of the excellent Investec Focus Radio offering, Tristanne is no stranger to podcasts. She joined us to talk about art as an investment, bringing a mix of genuine passion and solid insights into this asset class. And of course, at the Investec Cape Town Art Fair, you get a chance each year to see this in action.
- [Costco: Still America's Darling?](https://magic-markets.com/costco-still-americas-darling/) - Costco is one of the most successful companies in the world. The model simply works – with strong member retention and great prices offered to those who pay for the privilege of shopping at Costco. Sadly, the valuation is the poster child for the current situation in equity markets after years of stimulus. Is it so expensive that it is best ignored?
- [BAE Systems: From Bald Eagle to Barbary Lion](https://magic-markets.com/bae-systems-from-bald-eagle-to-barbary-lion/) - With the shift in the geopolitical environment and the world reeling from the decisions taken by the US government, the pressure is on other NATO countries to increase their military spending. BAE sits in the middle of this – literally. They supply the US and a number of its allies, which means they have a chance of increased spend. But can they deliver on it?
- [Magic Markets #214: Tradition meets tech - buying gold on the blockchain](https://magic-markets.com/magic-markets-214-tradition-meets-tech-buying-gold-on-the-blockchain/) - If there's one thing the markets taught us recently, it's that gold remains as relevant as ever. Mesh Trade brings you a new way to invest in this store of value, giving you a perfect example of tradition combined with tech. For a limited time, Mesh investors can buy Krugerrands at the best retail price in the market and on a fractional basis using blockchain technology. Mesh also offers a wide range of tokenised financial assets, giving investors a multi-asset solution on a single platform.
- [MercadoLibre: Eyes On The LATAM Prize](https://magic-markets.com/mercadolibre-eyes-on-the-latam-prize/) - MercadoLibre knows exactly how to ride tailwinds - in this case, the combination of growing consumerism in emerging and frontier markets, as well as demand for financial services. The valuation is high, but can it be justified by the quality of the business?
- [Magic Markets #213: Can Argentina-style reforms work in South Africa?](https://magic-markets.com/magic-markets-213-can-argentina-style-reforms-work-in-south-africa/) - Having covered MercadoLibre in Magic Markets Premium this week, we had Latin America on the brain. Combined with the mess around the South African budget speech (or complete lack thereof), this triggered the idea to consider whether the reforms seen in Argentina under Javier Milei could work in South Africa. Moe certainly took this assignment seriously, with a detailed discussion on the approach taken in Argentina and exactly which bits might work in South Africa - and which ones are a step too far! The conversation then evolved into points around the effect of reforms on growth and the ability for platform businesses to scale effectively within South Africa.
- [The Trade Desk: Down a Third](https://magic-markets.com/the-trade-desk-down-a-third/) - The Trade Desk is an exciting company with a wonderful growth story in the online advertising space. The infamous “J-curves” do exist out there, with The Trade Desk as a perfect example of how revenue can really ramp up. Alas, it’s also an example of how stock-based compensation can skew the economics in favour of executives rather than shareholders. The recent pain in the share price shows what happens when a valuation gets too hot, so it really is a great company to cover in the growth space.
- [Magic Markets #212: Expropriation, exaggeration and exports - the bull case for SA agriculture](https://magic-markets.com/magic-markets-212-expropriation-exaggeration-and-exports-the-bull-case-for-sa-agriculture/) - Listen to the show here: Description: Wandile Sihlobo is an agricultural economist, an advisor to President Ramaphosa and one of the leading voices in the agriculture space in South Africa. We value his balanced views and his approach to what he does, so we invited Wandile to join us at a time when South Africans
- [ASML: Higher up the AI value chain](https://magic-markets.com/asml-higher-up-the-ai-value-chain/) - 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?
- [Magic Markets #211: Private markets are a hive of activity](https://magic-markets.com/magic-markets-211-private-markets-are-a-hive-of-activity/) - 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.
- [3M: Where Industry Meets Science](https://magic-markets.com/3m-where-industry-meets-science/) - 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?
- [Magic Markets #210: Tariff Tantrum](https://magic-markets.com/magic-markets-210-tariff-tantrum/) - 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.
- [Burberry: Worth checking out?](https://magic-markets.com/burberry-worth-checking-out/) - 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?
- [Magic Markets #209: AI, Trump and turnarounds](https://magic-markets.com/magic-markets-209-ai-trump-and-turnarounds/) - 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.
- [JPMorgan: In Jamie we trust](https://magic-markets.com/jpmorgan-in-jamie-we-trust/) - 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?
- [Magic Markets #208: Banking on banking](https://magic-markets.com/magic-markets-208-banking-on-banking/) - 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.
- [Walgreens: A headache, or chronic pain?](https://magic-markets.com/walgreens-a-headache-or-chronic-pain/) - 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.
- [Magic Markets #207: Retail turnarounds - high risk, high reward?](https://magic-markets.com/magic-markets-207-retail-turnarounds-high-risk-high-reward/) - 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 #206: The year ahead - buckle up!](https://magic-markets.com/magic-markets-206-the-year-ahead-buckle-up/) - To kick off the year, we couldn't resist talking about the major themes that have carried over from 2024 into a new calendar year. US - China relations, interest rates, frothiness in equity valuations - it's all in here, along with a sobering discussion that gives context to the JSE performance last year vs. global alternatives. Get excited about the markets this year in this episode of Magic Markets, with a fast-paced overview of the big stuff that you should be following.
- [Nike: a "Hill" to die on?](https://magic-markets.com/nike-a-hill-to-die-on/) - We are the closest we’ve ever come to thinking that Nike is an interesting long position. New CEO Elliott Hill is making all the right noises, although the journey to get Nike back to greatness is going to be difficult and painful. The valuation is starting to offer a decent risk/reward profile, but is patience still required here? And what would the success factors be for the turnaround?
- [Adobe: Not Cheap, but Cheaper](https://magic-markets.com/adobe-not-cheap-but-cheaper/) - Adobe has a market-leading position in creative software suites and document handling tools, giving it an excellent platform to introduce AI enhancements. With extensive R&D in the space, is there growth to show of it? Or has the valuation multiple simply been unrealistic, creating a potential opportunity after substantial underperformance vs. the index in 2024?
- [Magic Markets #205: A year of gold, bitcoin and the US](https://magic-markets.com/magic-markets-205-a-year-of-gold-bitcoin-and-the-us/) - In our final free show for the year, we look back on a year that has been dominated by gold and bitcoin, along with US equities that have shot the lights out. We consider a strong finish for China, along with the ongoing disappointment of Europe. And of course, we talked about the positive surprise of South Africa this year and how political change can drive investment returns. As we look forward to another exciting year in the markets in 2025, this is the perfect way to cap off the Year of Elections worldwide.
- [Lululemon: Building a Brand](https://magic-markets.com/lululemon-building-a-brand/) - Lululemon started life as a Yoga brand. These days, it looks more like an early-stage Nike, with new product launches targeting various sports. They also have a growing men’s range, as well as an enviable global expansion track record. Lululemon is a force to be reckoned with, but that’s why it trades at such high multiples. With the share price having turned the corner after a tough year, is there still an opportunity to climb in?
- [Magic Markets #204: Blockchain Technology in Financial Markets (with AnBro and Mesh.trade)](https://magic-markets.com/magic-markets-204-blockchain-technology-in-financial-markets-with-anbro-and-mesh-trade/) - Listen to the show here: Description: Although the terms blockchain and crypto are often used interchangeably, this hides the diverse use cases for blockchain technology - even in traditional applications like financial markets. On this podcast, Connie Bloem (co-founder and managing director of Mesh.trade) joins regular Magic Markets guest Justine Brophy of AnBro Capital to
- [Magic Markets #203: Year in Review - Alternatives at Westbrooke](https://magic-markets.com/magic-markets-203-year-in-review-alternatives-at-westbrooke/) - Although the terms blockchain and crypto are often used interchangeably, this hides the diverse use cases for blockchain technology - even in traditional applications like financial markets. On this podcast, Connie Bloem (co-founder and managing director of Mesh.trade) joins regular Magic Markets guest Justine Brophy of AnBro Capital to explain how blockchain technology on Mesh.trade is making it easier for investors to invest in funds managed by AnBro.
- [Walmart: Big Value, Big Valuation](https://magic-markets.com/walmart-big-value-big-valuation/) - Walmart is the biggest name in retail. They know how to move with the times, with an eCommerce strategy that is starting to really blossom. The market loves what it sees, with Walmart trading at much higher multiples than its long-term averages. Then again, when delivering growth with such consistency, where is the limit for this valuation? And is there a pairs trade in this sector as well?
- [Intuit: A Solution Looking for a Problem?](https://magic-markets.com/intuit-a-solution-looking-for-a-problem/) - Intuit owns software-as-a-service platforms that are a feature of so many small businesses. QuickBooks and MailChimp are common choices for accounting and mailing list solutions, while TurboTax has a huge customer base in the US across personal and business users. There are other businesses like Credit Karma, aimed at personal finance users. These are decent businesses in isolation, but can Intuit find ways to make them more valuable by being together in the same group? Or are they simply paying lip service to synergies and AI enhancements?
- [Disney: Better, but not best](https://magic-markets.com/disney-better-but-not-best/) - Disney is looking healthier these days and the share price has responded positively. Aside from improvements in streaming, they've had two major box office hits in 2024 - is this the dawn of a new creative era at Disney, or will the old mistakes slip back in?
- [Magic Markets #202: The automotive sector race](https://magic-markets.com/magic-markets-202-the-automotive-sector-race/) - Start your engines has quickly become start your batteries - or has it? Are electric vehicle adoption rates problematic everywhere, or are some companies seeing better adoption than others? Where does this leave hybrids? Where does this leave manufacturers that seem to lack clear strategic direction? Along with a discussion on European vs. American vs. Japanese manufacturer performance, we dealt with all these topics in this episode of Magic Markets. For a whirlwind overview of the automotive sector at the moment, you're in the right place.
- [Magic Markets #201: Trump Trades](https://magic-markets.com/magic-markets-201-trump-trades/) - With the dust barely settled on the US election, Dimitri Zabelin of Pantheon Insights joined us to bring his international geopolitical lens to the show. We talked about the possible impacts of Trump's economy and social policies on inflation, interest rates and the strength of the US economy. We also talked about a few trade ideas related to the Trump victory, as well as the positioning of Elon Musk in all this.
- [Amazon: Delivering](https://magic-markets.com/amazon-delivering/) - Amazon has been a story of a platform business blossoming into profitability after a period of extensive investment. With a formidable moat in both eCommerce and cloud, along with a valuation multiple below major peers, is Amazon becoming one of the better Magnificent 7 opportunities?
- [Microsoft: Partly Cloudy](https://magic-markets.com/microsoft-partly-cloudy/) - Microsoft is the OG when it comes to enterprise computing. As mature as the business is, there are still plenty of growth drivers – especially when it comes to AI, with Microsoft at the forefront of this trend across offerings like OpenAI and Copilot. Even Bing is somehow managing to increase in popularity thanks to AI! Behind all this excitement lies an important reality: the data centre investment cycle is very different to the software-as-a-service predictability that Microsoft investors are accustomed to. Will this impact the valuation over time?
- [Magic Markets #200: Big Tech, Big Opportunities?](https://magic-markets.com/magic-markets-200-big-tech-big-opportunities/) - Harry Scherzer at Future Forex is a familiar voice to Magic Markets listeners, especially those who took advantage of the excellent crypto arbitrage offering that was the foundation of the Future Forex business. Building on that success, Future Forex is disrupting an industry that desperately deserves to be disrupted: providing forex execution for individuals and businesses, fertile ground for traditional banks to charge large fees as a spread. Future Forex is doing things differently, as explained by Harry in this show.
- [UPS: All Eyes on Q4](https://magic-markets.com/ups-all-eyes-on-q4/) - UPS delivers – but not always for investors. In fact, the long-term track record of returns is poor. This is a tactical stock rather than one you want to hold for a long time, so the cyclical nature of the stock is important to understand. With the all-important fourth quarter just around the corner, is there an opportunity to take advantage of signs of a recovery?
- [Magic Markets #199: Making Forex Better](https://magic-markets.com/magic-markets-199-making-forex-better/) - Harry Scherzer at Future Forex is a familiar voice to Magic Markets listeners, especially those who took advantage of the excellent crypto arbitrage offering that was the foundation of the Future Forex business. Building on that success, Future Forex is disrupting an industry that desperately deserves to be disrupted: providing forex execution for individuals and businesses, fertile ground for traditional banks to charge large fees as a spread. Future Forex is doing things differently, as explained by Harry in this show.
- [Magic Markets #198: What can we learn from market sector rotations?](https://magic-markets.com/magic-markets-198-what-can-we-learn-from-market-sector-rotations/) - Market rotations tell us a great deal about sentiment and the positioning of institutional portfolios. What can we learn from this and what might it indicate about potential future gains?
- [Netflix: Priced for Glory](https://magic-markets.com/netflix-priced-for-glory/) - Netflix has everything going its way right now, from hit shows to great financial results. The market loves the story and has signed up for a full season of growth, paying high multiples once more for a company that was thrown to the wayside just a couple of years ago. Can the good times continue, or will the multiple prove to be too hot?
- [Stellantis: Stuck in the Past](https://magic-markets.com/stellantis-stuck-in-the-past/) - Stellantis is a collection of regional powerhouses that aren't as powerful as they thought - especially in the US. The strategy to chase value over volume hasn't worked, leading to overstocked dealers who are forced to offer discounts. With management changes underway, will that be enough to turn the tide?
- [Magic Markets #197: GNU follow-through - are businesses changing?](https://magic-markets.com/magic-markets-197-gnu-follow-through-are-businesses-changing/) - News of stimulus in China has caused substantial volatility in the markets, with a sharp initial rally and then a cooling down as the market started to question the speed of execution on the proposed initiatives. Of course, this presented a perfect opportunity to talk about the impact of China on portfolios. Justine Brophy of AnBro Capital joined us to do exactly that. For more information, visit the AnBro website.
- [Nike: Tripping Over Their Laces](https://magic-markets.com/nike-tripping-over-their-laces/) - Nike is a company that we’ve been bearish on since we first covered it at Magic Markets Premium. We previously said: just don’t do it, and we were proven right. Things seem to be going from bad to worse, with a change in management and guidance withdrawn for the 2025 financial year. Is there a reason to believe in the swoosh again, or is it still a red X from us?
- [Magic Markets #196: The China Effect](https://magic-markets.com/magic-markets-196-the-china-effect/) - News of stimulus in China has caused substantial volatility in the markets, with a sharp initial rally and then a cooling down as the market started to question the speed of execution on the proposed initiatives. Of course, this presented a perfect opportunity to talk about the impact of China on portfolios. Justine Brophy of AnBro Capital joined us to do exactly that. For more information, visit the AnBro website.
- [Verizon: More Fibre in their Diet](https://magic-markets.com/verizon-more-fibre-in-their-diet/) - Verizon is a typical example of a large scale telecoms player that is looking for growth in new places, like fibre. The acquisition of Frontier is a massive deal for Verizon, but will it inject some energy into a story that has been largely disappointing on a total return basis?
- [Magic Markets Ep195: How to Read a Balance Sheet](https://magic-markets.com/magic-markets-ep195-how-to-read-a-balance-sheet/) - The balance sheet is often the difference between success and failure for a corporate. A strong balance sheet can carry a company through the worst of times. A weak balance sheet is vulnerable to even a minor deterioration in conditions. Reading a balance sheet is a key step in equity analysis, but what are the most important things to look out for? In this episode, we take you through some key metrics to consider.
- [McDonald's: A Grimace not a Smile](https://magic-markets.com/mcdonalds-a-grimace-not-a-smile/) - McDonald’s has historically been the leader in selling a cheap burger and preparing it quickly. There’s no shortage of competition these days and those competitors seem to have closed the value gap, leaving McDonald’s in a tricky situation where it needs to fight hard to maintain its leadership. Will shareholders be smiling, or is the iconic Grimace mascot more appropriate?
- [Magic Markets Ep194: How to Interpret Profits](https://magic-markets.com/magic-markets-ep194-how-to-interpret-profits/) - Listen to the show here: Description: The income statement is the lifeblood of any business. Luckily, you don't need to be an accountant to understand what's going on there. As is usually the case, there are a few tricks you can use to identify the key areas of focus and the stuff that really matters.
- [Uber: A Verb in More Places](https://magic-markets.com/uber-a-verb-in-more-places/) - Uber is a verb – but not quite everywhere just yet. There’s a substantial growth runway ahead, both in terms of existing market penetration and new opportunities for products and markets. This creates a strong growth case for Uber, but how much of that is already priced in?
- [Magic Markets Ep193: How to Build a Bear Case](https://magic-markets.com/magic-markets-ep193-how-to-build-a-bear-case/) - Listen to the show here: Description: After covering the building of a bull case in the previous week's show, we moved on to the other side of the coin: the bear case. This requires you to think creatively and dig deeper, as management won't dish out these nuggets and make it easy for you. After
- [Magic Markets Ep192: How to Build a Bull Case](https://magic-markets.com/magic-markets-ep192-how-to-build-a-bull-case/) - When assessing stocks, it's so important think about the good and the bad, not just what you wanted to see going into the analysis. The world is grey, not black and white. Nothing is ever fully good or fully bad. By thinking critically about the positives and negatives, you'll improve your investing skills. In this episode, we cover the type of thinking that goes into our Bull Box in Magic Markets Premium. In sharing our insights on how we develop a bull case for a stock, we hope that it assists in your process and exposes you to the thinking enjoyed by our Premium subscribers.
- [Dollar Tree: Death by a Thousand Cuts](https://magic-markets.com/dollar-tree-death-by-a-thousand-cuts/) - Ulta Beauty is a specialist cosmetics retailer that has attracted the eye of Berkshire Hathaway. If the Oracle of Omaha likes it, does that mean that we should as well? It may not be that simple, with a tough competitive environment that is putting Ulta's margins under significant pressure. Does the current valuation reflect that?
- [Ulta Beauty: Pretty Ugly](https://magic-markets.com/ulta-beauty-pretty-ugly/) - Ulta Beauty is a specialist cosmetics retailer that has attracted the eye of Berkshire Hathaway. If the Oracle of Omaha likes it, does that mean that we should as well? It may not be that simple, with a tough competitive environment that is putting Ulta's margins under significant pressure. Does the current valuation reflect that?
- [Magic Markets Ep191: The India Opportunity](https://magic-markets.com/magic-markets-ep191-the-india-opportunity/) - As the world pays an increasing amount of attention to emerging markets and the concept of the Global South, India's outperformance vs. China remains an interesting topic. For South African investors, the strategy of a group like Sanlam is worth considering, as India offers an immense demographic dividend and a democratic environment in which to invest. Other than a look at the reasons why India has performed well recently (especially relative to China), this show delves into the services nature of the Indian economy and the opportunities that this brings.
- [Target: Not Quite Walmart](https://magic-markets.com/target-not-quite-walmart/) - Target is the retailer that has been left behind, with Walmart and Costco enjoying a massive uplift in multiples and Target experiencing only modest share price gains that haven’t beaten the index. Part of this is because of a lack of moat and some brand confusion, with Target pushing a value strategy on one hand and yet a more upmarket feel than Walmart on the other. With sales growth having stagnated but earnings on the up, is there an opportunity here for Target as the forgotten retailer?
- [Magic Markets Ep190: Is Quantum Computing the Next AI?](https://magic-markets.com/magic-markets-ep190-is-quantum-computing-the-next-ai/) - Artificial Intelligence (AI) has been all the rage in recent times. Coming up just as quickly is quantum computing, an exciting new technology that has some potentially incredible use cases. To lift the lid on this trend and to identify how to consider investing in it, international geopolitical strategist Dimitri Zabelin joined us on this show. If you enjoy Dimitri's work, and we strongly suspect that you will, you can check out Pantheon Insights on Substack.
- [Walmart: Big Promises](https://magic-markets.com/walmart-big-promises/) - Airbnb has suffered a significant sell-off in the share price, with the market very worried about growth prospects. This is the danger of a platform company trading at high valuation multiples that assume ongoing levels of growth. If you look deeper though, Airbnb is a profitable business that has carved out a strong market position. Are they getting it wrong lately though, with a position that puts hosts above travelers? Or are there other reasons for the slowdown?
- [Magic Markets Ep189: Portfolio Construction with AnBro](https://magic-markets.com/magic-markets-ep189-portfolio-construction-with-anbro/) - Picking stocks is one thing, but how do you bring all the pieces together to create a sensible portfolio that meets risk and return objectives? Portfolio construction is like the architecture of a house. Even with the best furniture inside that house, it doesn’t matter if the whole thing isn’t coherent and built to the right specifications for the owner. To discuss portfolio construction, Craig Antonie of AnBro joined us on this show. Craig has built portfolios with growth, yield and quality themes, so his insights into this process are invaluable. For more information, visit the AnBro website.
- [Magic Markets Ep188: How to Research Stocks](https://magic-markets.com/magic-markets-ep188-how-to-research-stocks/) - Investing in stocks is exciting, but also dangerous unless you know how to research them. In this episode, we talk through some of the approaches we take to research, ranging from top-down analysis (finding stocks that fit a macro thesis) through to bottoms-up approaches that include valuation multiples and the power of good ol' common sense. Join The Finance Ghost and Mohammed Nalla in this show and benefit from their extensive knowledge of the markets and experience in making investments - including ones that didn't work out!
- [Airbnb: Has the Market Checked Out?](https://magic-markets.com/airbnb-has-the-market-checked-out/) - Airbnb has suffered a significant sell-off in the share price, with the market very worried about growth prospects. This is the danger of a platform company trading at high valuation multiples that assume ongoing levels of growth. If you look deeper though, Airbnb is a profitable business that has carved out a strong market position. Are they getting it wrong lately though, with a position that puts hosts above travelers? Or are there other reasons for the slowdown?
- [Magic Markets Ep187: How to Prepare for a Crash](https://magic-markets.com/magic-markets-ep187-how-to-prepare-for-a-crash/) - Listen to the show here: Description: As the Nikkei had a terrible day of historical significance and the world held its breath for what might happen on the Nasdaq, those who did the research before the time and had their wishlist ready were in the perfect position to buy their favourite stocks at a sale
- [Meta: Advertising Intelligence](https://magic-markets.com/meta-advertising-intelligence/) - Meta is the GOAT when it comes to social media, but this particular goat strayed off the path in 2022 and gave investors serious headaches. After a big scare for both the market and Zuckerberg’s teams, Meta took a more measured approach and got spending back in line. The results since then have been excellent, with a wonderful share price recovery and vastly improved market sentiment. Meta is a dark horse for AI, with most of the initial attention having gone to ChatGPT. Can Zuckerberg’s empire keep up the momentum and become the AI winner over time?
- [Magic Markets Ep186: Is the automotive sector a good investment?](https://magic-markets.com/magic-markets-ep186-is-the-automotive-sector-a-good-investment/) - Listen to the show here: Description: The automotive sector is part of our daily lives, but does that mean it should be in our portfolios? Should the car in your garage drive an investment decision with your money? To answer the question, we delved into recent performance of big names like Ford, General Motors, Toyota
- [Take-Two Interactive: The Long Game](https://magic-markets.com/take-two-interactive-the-long-game/) - CrowdStrike is a rockstar in the technology world, with great branding and a founder known for his love for motorsport and even his participation. Cybersecurity can be cool it seems, but nobody thought it was cool when CrowdStrike’s update broke Windows machines across America in the past week. With the share price suffering a huge slide in the aftermath, is this a buying opportunity? Or could this be the knock to CrowdStrike’s growth that it cannot afford at this valuation?
- [Magic Markets Ep185: Why the US Election Matters for Everyone](https://magic-markets.com/magic-markets-ep185-why-the-us-election-matters-for-everyone/) - In our quest to bring you global insights into the markets, we are thrilled to welcome Dimitri Zabelin to Magic Markets. As Founder and Geopolitical Strategist at Pantheon Insights, Dimitri has worked for institutions ranging from the World Economic Forum through to IG Group. He has a portfolio of international clients who he advises on geopolitical trends affecting markets, economies and businesses. In this podcast, we touched on US jobs data and what it tells us about consumers, an investment thesis for defense stocks (like Lockheed Martin) and various tech ideas ranging from Big Tech down to the frothy stocks that are a feature of Cathie Wood's world. Take your market knowledge to the next level with Magic Markets.
- [CrowdStrike: How costly will this mistake be?](https://magic-markets.com/crowdstrike-how-costly-will-this-mistake-be/) - CrowdStrike is a rockstar in the technology world, with great branding and a founder known for his love for motorsport and even his participation. Cybersecurity can be cool it seems, but nobody thought it was cool when CrowdStrike’s update broke Windows machines across America in the past week. With the share price suffering a huge slide in the aftermath, is this a buying opportunity? Or could this be the knock to CrowdStrike’s growth that it cannot afford at this valuation?
- [Magic Markets Ep184: Geopolitics, Defense Stocks and Tech Ideas](https://magic-markets.com/magic-markets-ep184-geopolitics-defense-stocks-and-tech-ideas/) - In our quest to bring you global insights into the markets, we are thrilled to welcome Dimitri Zabelin to Magic Markets. As Founder and Geopolitical Strategist at Pantheon Insights, Dimitri has worked for institutions ranging from the World Economic Forum through to IG Group. He has a portfolio of international clients who he advises on geopolitical trends affecting markets, economies and businesses. In this podcast, we touched on US jobs data and what it tells us about consumers, an investment thesis for defense stocks (like Lockheed Martin) and various tech ideas ranging from Big Tech down to the frothy stocks that are a feature of Cathie Wood's world. Take your market knowledge to the next level with Magic Markets.
- [Costco: Subs up, hotdogs flat](https://magic-markets.com/costco-subs-up-hotdogs-flat/) - Costco is famous for two things: cheap hotdogs and a membership model with subscription fees. The cost of the hotdog might be staying put but the membership fees aren’t, with Costco hiking the fees for the first time in years. That’s grabbing all the headlines right now, but there’s far more to the story. With such a strong run in the share price, is it overcooked? Or is the current valuation justified?
- [Tesla: Trying to Put the Auto in Automobile](https://magic-markets.com/tesla-trying-to-put-the-auto-in-automobile/) - Tesla – a car company, or not. If you believe it is, then you won’t go near this valuation. If you back the story that this is a technology powerhouse with a bright future in autonomous driving, then you just might. As we cover in this research report as a pre-cursor to the next quarterly earnings release, the economics around the automotive business have deteriorated sharply. For Tesla bulls, it’s never been more important for the FSD thesis to come to the fore.
- [Magic Markets Ep183: Investing in Global BRNDZ](https://magic-markets.com/magic-markets-ep183-investing-in-global-brandz/) - In a discussion that started with a reflection on the market moves in the latest quarter and the extent to which Big Tech has driven the indices, Craig Antonie of AnBro Capital Investments and the usual duo of Mohammed Nalla and The Finance Ghost also delved into the BRNDZ portfolio at AnBro and the strategy around investing in the world's most valuable brands. Touching on a number of investment concepts ranging from cycles and balance sheets through to portfolio construction and long-term strategies, this is a highly insightful discussion for any serious investor.
- [Magic Markets Ep182: A GNU Dawn](https://magic-markets.com/magic-markets-ep182-a-gnu-dawn/) - The GNU dawn is all the rage in South Africa, but what does this mean for portfolio strategies? In this show, Mohammed Nalla and The Finance Ghost add to the market discourse around the South African opportunities with a sobering view on some of the macroeconomic indicators, coupled with highly practical thoughts on what to be careful of in the equity market as part of a broader GNU play. And of course, there's a particular sector that the hosts put on the table as a potential winner in a GNU-driven recovery story. To enhance your understanding of the market and get views that you might not hear elsewhere, this is a great episode of Magic Markets.
- [Acushnet: Still a Hole-in-One?](https://magic-markets.com/acushnet-still-a-hole-in-one/) - Is Acushnet a hole-in-one or a potential financial hole? With the resurgence of golf and ongoing growth in the sport during and after the pandemic, those who bought five years ago have a great scorecard. More recent buyers have had a tougher time. Is the company good enough to justify single stock exposure?
- [Magic Markets Ep181: The Real-World DD: EVs, Sephora, Topgolf and more](https://magic-markets.com/magic-markets-ep181-the-real-world-dd-evs-sephora-topgolf-and-more/) - Listen to the show here: Description: With The Finance Ghost having just returned from a trip to the UK, France and Dubai, the opportunity was clear to talk through some of the brands and business models that have been researched in Magic Markets Premium. It's one thing doing desktop research. It's another thing walking through
- [Darden: Can Full-Service Win?](https://magic-markets.com/darden-can-full-service-win/) - Darden Restaurants is a full-service restaurant group, which means they are scaling a business model that doesn’t like to scale. This gives them plenty of runway for growth in a fragmented market, but it means that nothing comes easily. Still, through a combination of organic growth and acquisitions, the business has pulled off decent returns. Does pressure in the restaurant industry offer an attractive entry point, or is this wise to avoid for now?
- [Stellantis: The Bubble Brands](https://magic-markets.com/stellantis-the-bubble-brands/) - Stellantis has as collection of brands that don't really belong together. That's because they were formed by a merger of two groups that were struggling to see separate long-term futures. Even then, there's no guarantee that Stellantis will carve out a sustainable strategy. With a multi-platform approach and brands that do well in their home markets, Stellantis does have some positive elements. But the elephant in the room, or is that the dragon in the room, is China.
- [Magic Markets Ep180: Home Country Bias](https://magic-markets.com/magic-markets-ep180-home-country-bias/) - Home country bias is a real danger for investors. We tend to buy the brands we know, rather than taking an objective view on a global opportunity set. Global context is beyond important, particularly when you've had the benefit of engaging with investors and professionals in deep pools of capital like Europe and North America. In this episode, Mohammed Nalla and The Finance Ghost take advantage of recent travels to discuss how the South African market differs from global markets like the UK and America. For any investor serious about global wealth creation, this is a valuable discussion.
- [Magic Markets Ep179: Demystifying US jobs data](https://magic-markets.com/magic-markets-ep179-demystifying-us-jobs-data/) - The headlines will often focus on US jobs data, but what does it really even mean? Why should people outside of the US care? And of course, what do all the acronyms mean? In demystifying the markets and bringing these concepts to the fore, Mohammed Nalla and The Finance Ghost talked through the jobs data and how it impacts central banks around the world. They also discussed the impact on equities in different sectors and how great jobs data isn’t always good news for shares.
- [Lululemon: A Blip or a Break?](https://magic-markets.com/lululemon-a-blip-or-a-break/) - Lululemon is a case study in not just retail, but the value of building out communities in the customer base and delivering omni-channel to a high standard. There's no debate here on whether this is a good business. But of course, investing is about what you get and what you pay for it. With the recent slowdown at Lululemon, the high valuation multiple suffered a nasty unwind. Is this the opportunity for investors to jump in at a better price point, or is caution still needed?
- [Magic Markets Ep178: Collision Politics](https://magic-markets.com/magic-markets-ep178-collision-politics/) - With South Africa entering a new era of politics, we will soon find out whether coalition politics actually look more like collision politics. Either way, "the market" matters and will continue to matter, punishing poor policy decisions and any related uncertainty. In this show, Mohammed Nalla and The Finance Ghost discuss concepts like GDP growth, bond yields, the rand and the situation on the ground for South African consumers.
- [Foot Locker: Lacing Up?](https://magic-markets.com/foot-locker-lacing-up/) - The Lace Up strategy at Foot Locker is showing some green shoots, but will it be enough? Retail turnarounds are notoriously difficult at the best of times, with Foot Locker struggling with the additional nuance of its relationship with Nike. The market has gotten excited about the turnaround, which also brings valuation risk into the analysis.
- [Intel: Chipping Away at a Turnaround](https://magic-markets.com/intel-chipping-away-at-a-turnaround/) - If you need a reminder of where Intel comes from, Gordon Moore (of Moore’s Law fame) was a co-founder of Intel. They were at the cutting edge of semiconductors before being left behind by competitors in Asia. The journey back to the top is painful and long, with many disappointed shareholders along the way. With the group now split into two profit centres and truly nowhere to hide, is this the time to believe in the turnaround?
- [Magic Markets Ep177: Nvidia and Intuit](https://magic-markets.com/magic-markets-ep177-nvidia-and-intuit-2/) - Nvidia has been a headline grabber of note in global markets, with eyewatering returns that have left even the other semiconductor stocks for dead. Mohammed Nalla focused on not just the latest results from Nvidia, but the performance of other stocks in the sector. The Finance Ghost tackled Intuit, covering the growth in revenue across the product range and the importance of integration strategies within the ecosystem. Although this is a powerful SaaS business, the risk of a double top in the share price chart cannot be ignored.
- [Magic Markets Ep176: Walmart and Under Armour](https://magic-markets.com/magic-markets-ep176-walmart-and-under-armour/) - Walmart is a good example of a pullback from the work-from-home trend that became a feature of the pandemic, with many viewing this as a return to the company’s roots. This is seen favourable against a backdrop of improved performance at Walmart. Under Armour is also going back to its roots, more out of necessity than by design. Founder Kevin Plank is back in the CEO role and has a very tough road ahead, with the company experiencing a sharp drop in sales and needing to reposition its products as premium.
- [Mastercard: Jack Of All Trades, Master Of Cards](https://magic-markets.com/mastercard-jack-of-all-trades-master-of-cards/) - Mastercard is half of a global payments duopoly that enjoys one of the widest moats in the game. The share price performance tends to be appealing over time and this is a sensible inclusion in a long-term portfolio. Is there much to choose between Mastercard and Visa, or are they similarly powerful businesses?
- [Magic Markets Ep175: Chipotle Mexican Grill and Wingstop](https://magic-markets.com/magic-markets-ep175-chipotle-mexican-grill-and-wingstop/) - When quick-service restaurant groups get things right, they really get it right. Fast-growing companies in this sector can achieve rapid expansion because of the franchise model and the oldest trick in the book: using other people's money.
- [Coca-Cola: Genies in a Bottle](https://magic-markets.com/coca-cola-genies-in-a-bottle/) - Amazon’s management talks about it being early days in all of their businesses. That’s quite a statement for one of the world’s most valuable and exciting companies to make. Is this just a classic case of a growth stock trying to support its valuation multiple, or does Amazon still have enough runway? With performance well ahead of the Nasdaq-100 this year, Amazon has caught up some of the lost ground. Can it keep going?
- [Magic Markets Ep174: Electrifying Stocks](https://magic-markets.com/magic-markets-ep174-electrifying-stocks/) - he electrification theme is a rare thing, as it dishes up opportunities for value and growth investors alike. Some are buying coal and others are buying renewables, yet the underlying reasons aren’t as different as you might think. People are using more electricity than ever before and growth in generative AI is just adding to the problem – or opportunity, depending on how you view the world. To unpack this theme and how they apply it to the AnBro portfolios, Craig Antonie of AnBro joined us for this discussion.
- [Amazon: In Their Prime](https://magic-markets.com/amazon-in-their-prime/) - Amazon’s management talks about it being early days in all of their businesses. That’s quite a statement for one of the world’s most valuable and exciting companies to make. Is this just a classic case of a growth stock trying to support its valuation multiple, or does Amazon still have enough runway? With performance well ahead of the Nasdaq-100 this year, Amazon has caught up some of the lost ground. Can it keep going?
- [Magic Markets Ep173: Forex at Future Forex](https://magic-markets.com/magic-markets-ep173-forex-at-future-forex/) - In this show, Harry Scherzer of Future Forex is back on Magic Markets to discuss their fin-tech forex offering that is currently disrupting the mainstream banks. With a full suite of forex services for individuals and companies alike, Future Forex makes international money transfers simple and cost effective.
- [Alphabet: Old Dog, New Tricks](https://magic-markets.com/alphabet-old-dog-new-tricks/) - It took Google 15 years to reach $100 billion in annual review. It then took just 6 years to triple it to $300 billion. But perhaps the most impressive statistic of all is that the company expects to end the 2024 financial year with an annualised run rate of $100 billion revenue in YouTube and Cloud combined, let alone Search. With growth of around 55% in the share price in the past 12 months, Alphabet has even outperformed Microsoft over that period. Perhaps Alphabet really is the old dog that can learn new tricks.
- [Netflix: Can the Show Go On?](https://magic-markets.com/netflix-can-the-show-go-on/) - 270 million households. Over 190 countries. The ability to turn anyone in a world famous star with a single documentary or series. Netflix won many streaming battles and it seems to have won the war. After growth in subscribers stagnated last year and sent the share price into freefall, a recent rally has been driven by a resurgence in subscriber growth and improved user economics. As Netflix really comes into its own, how should investors be thinking about the company that was criminally left out of the Magnificent Seven?
- [Magic Markets Ep172: Goldman Sachs and United Health Group](https://magic-markets.com/magic-markets-ep172-goldman-sachs-and-united-health-group/) - Do you need to buy risky stocks to double your money (in dollars) over five years, or can you get the job done with US-based blue chips? In this episode of Magic Markets, we used Goldman Sachs and United Health as examples of stalwarts in their respective industries that have delivered excellent returns to shareholders. As good examples of buy-and-forget stocks, learning about these companies helps with offshore portfolio construction.
- [Magic Markets Ep171: Foot Locker and Nike](https://magic-markets.com/magic-markets-ep171-footlocker-and-nike/) - Foot Locker and Nike: friends, but also enemies. Foot Locker is Nike’s customer, yet Foot Locker’s customers are also Nike’s customers. Nike’s customers are Foot Locker’s customers. As you can see, there’s only one way to describe the relationship status here: complicated. Foot Locker has been the love-to-hate stock that value investors sometimes dip into. Nike has been a growth investor favourite, yet the stock really hasn’t done well either.
- [Hasbro: Not a Monopoly](https://magic-markets.com/hasbro-not-a-monopoly/) - MAGIC: The Gathering. Baldur’s Gate. Monopoly. NERF guns and Transformers. These are just a few of the brands in Hasbro’s impressive portfolio of businesses that focus on helping people have fun. Shareholders have been having far less fun than the customers, with revenue under pressure and Hasbro in the midst of a painful turnaround strategy. Could 2024 be a year of improved fortunes, or do the profits remain little more than a fantasy?
- [Magic Markets Ep170: Crypto Arbitrage - Don't Let Your Annual Allowance Go To Waste (with Future Forex)](https://magic-markets.com/magic-markets-ep170-crypto-arbitrage-dont-let-your-annual-allowance-go-to-waste-with-future-forex/) - Harry Scherzer (co-founder and CEO of Future Forex) is back on Magic Markets to update us on the crypto arbitrage opportunity that Future Forex offers to clients. Having processed more than R22 billion on behalf of clients since inception, Future Forex has recently been approved as one of South Africa’s first CASPs (crypto asset service providers), giving further legitimacy to their crypto arbitrage investment’s exceptional track record.
- [Disney: Proxy Wars](https://magic-markets.com/disney-proxy-wars/) - Despite boasting 17 consecutive years of dividend increases, Emera has been an underperformer on the market relative to a peer like Next Era Energy, which we recently covered here on Magic Markets Premium. As we continue to operate in an environment of higher rates and a focus on yields, does Emera offer compelling value, or is this more likely to be a value trap?
- [Emera: Is There a Spark?](https://magic-markets.com/emera-is-there-a-spark/) - Despite boasting 17 consecutive years of dividend increases, Emera has been an underperformer on the market relative to a peer like Next Era Energy, which we recently covered here on Magic Markets Premium. As we continue to operate in an environment of higher rates and a focus on yields, does Emera offer compelling value, or is this more likely to be a value trap?
- [Magic Markets Ep169: Accenture and FactSet](https://magic-markets.com/magic-markets-ep169-accenture-and-factset/) - Accenture and FactSet are great examples of US-listed companies that service a global client base. In the case of Accenture in particular, that client base is immense. FactSet is far more focused, with a product that will be familiar to those working in financial markets. Join us in Episode 169 as we unpack the latest news and financial results and how this stacks up to our previous analysis.
- [Toyota: Priced for Perfection](https://magic-markets.com/toyota-priced-for-perfection/) - With the hype around battery electric vehicles seemingly evaporating and sales forecasts being called into question, Toyota emerges as a global giant that foresaw this happening. Although they haven’t completely ignored battery EVs, Toyota’s focus has been on hybrids. This seems to have been the right decision. It hasn’t all been smooth sailing though, with the recent reputational crisis at Daihatsu as a perfect example of the risks in this market. Has the Toyota share price gotten too far ahead of itself, with hype swinging the other way?
- [Magic Markets Ep168: Lululemon and FedEx](https://magic-markets.com/magic-markets-ep168-lululemon-and-fedex/) - FedEx and Lululemon have both been covered and recapped on Magic Markets Premium before. We love circling back and revisiting companies that we’ve researched before, as the feedback loop is so important when testing how an investment thesis played out. Join us in this week's free show for an update on the latest company news and our updated views.
- [Recap: Ferrari](https://magic-markets.com/recap-ferrari/) - Sainz may be out of a job despite winning over the weekend for Ferrari, but shareholders in the group seem to have no such stress. The Ferrari share price has gone from strength to strength, with the market treating it as the best luxury stock on the planet. Just what is it that makes Ferrari so lucrative as a company? Join us as we recap this exciting stock that we first covered in September 2022.
- [Under Armour: Underperformer](https://magic-markets.com/under-armour-underperformer/) - Under Armour is a bit like ordering Nike on Wish. As the joke goes, you aren’t quite getting what you thought you paid for. The business operates in the apparel market, yet it has struggled to gain proper traction with consumers. The leadership of the group is now in disarray, after the sudden departure of the CEO and the return of the founder to that role. Is Under Armour truly broken, or is this an interesting speculative play?
- [Magic Markets Ep167: Hidden Growth Gems - Madrigal and Myomo](https://magic-markets.com/magic-markets-ep167-hidden-growth-gems-madrigal-and-myomo/) - In episode 167 of Magic Markets, we delved into 2 growth stocks that are probably NOT on your radard. Justine Brophy brings us the latest thinking from AnBro Capital Investments taking us through the thesis on Madrigal (the company that has won the “MASH dash”) and Myomo, a neurological mobility company. If you enjoy learning about new companies and sectors of the market that you haven’t looked at before, then you’ll absolutely love listening to Brophy talking about these stocks with us.
- [Affirm: Not So Firm](https://magic-markets.com/affirm-not-so-firm/) - Affirm is the leader in the US buy-now-pay-later space, which has exploded onto the scene as a FinTech offering in recent years. Essentially an alternative to credit cards, Affirm and its competitors offer a service that delights consumers who have a low-friction way to buy goods at no additional finance cost if they pay in full within usually 60 days or so. But with the share price having peaked at almost $180 in the pandemic before plummeting all the way down to $9, Affirm has terrified rather than delighted investors. Now at $38 and having made a lot of money for recent punters, is there any reason to believe that the rollercoaster ride could calm down?
- [Magic Markets Ep166: Are Chips the New Oil? - Saudi Aramco and Broadcom](https://magic-markets.com/magic-markets-ep166-are-chips-the-new-oil-saudi-aramco-and-broadcom/) - Are chips the new oil? And no, we aren’t talking about oily chips, so take your junk food cravings elsewhere, like to last week’s show on Domino’s Pizza! In this show, Saudi Aramco and Broadcom were the focus areas. It would’ve been too obvious to choose Nvidia.
- [Magic Markets Ep165: Domino's Pizza and Monster Beverage](https://magic-markets.com/magic-markets-ep165-dominos-pizza-and-monster-beverage/) - With pizza and energy drinks on the menu, this isn’t the healthiest episode of Magic Markets – at least not for your body. As for your portfolio, there’s a lot to sink your teeth into here. The Finance Ghost covered Domino’s, starting with a strategic analysis on why these types of businesses are doing so well in the modern world of ultra busy, dual-income households. A comparison of Domino’s and other global quick-service restaurants to JSE-listed peers over the past 10 years tells a shocking story of SA vs. global growth. Mohammed Nalla took on Monster Beverage Corporation, which is one of those companies that regularly hurts those who are brave enough to go short – like Moe. With ongoing product innovation, the company has managed to unlock further growth. But just how much energy can it possibly have left in the tank?
- [Uber: Turning the Corner](https://magic-markets.com/uber-turning-the-corner/) - It’s not every day that a company name becomes a verb. Usually, this only happens when a company becomes so synonymous with a particular service that consumers feel like there’s only one choice in the market – even when there isn’t. Uber’s brand has done an excellent job of becoming part of our everyday language. But for years, the company reported vast losses. When tech platforms finally turn the corner and become profitable, the results can be rather explosive, as we’ve now seen at Uber.
- [Public Storage: Behind the Garage Door](https://magic-markets.com/public-storage-behind-the-garage-door/) - Public Storage is the leading self-storage business in the US, so this is a great example of a different way to play the property theme. After the pandemic called into question what everyone always thought they knew about the resilience of property, this type of property model became more popular as investors saw self-storage as being more resilient. Resilient to pandemics, maybe. Resilient to other factors? Perhaps not so much.
- [Magic Markets Ep164: Cashbuild, Italtile and Home Depot](https://magic-markets.com/magic-markets-ep164-cashbuild-italtile-and-home-depot/) - In Episode 164 of Magic Markets, brought to you by B2IT, the focus is on home building and DIY stocks. On the global stage, that means Home Depot as one of the best blue chips around. In South Africa, this means Cashbuild and Italtile and all the struggles they are facing in this economy.
- [Magic Markets Ep163: Airbnb and Shopify](https://magic-markets.com/magic-markets-ep163-airbnb-and-shopify/) - Platform businesses are fascinating things that can make a great deal of money at scale. This week in Magic Markets Premium, we covered Uber and its emergence as a financial butterfly in literally the last year. To keep the platform theme going, we decided to cover Airbnb and Shopify in this week’s free Magic Markets show, made possible by B2IT.
- [Magic Markets Ep162: Momentum in Alternative Assets](https://magic-markets.com/magic-markets-ep162-momentum-in-alternative-assets/) - Zuck you money. In Satya Nadella we trust. You’ll hear these things on this show, with the hosts focusing on two of the most exciting technology companies in the world. Moe took on Meta, a love/hate stock for so many in the market. The Finance Ghost covered Microsoft, his favourite stock of them all.
- [Palantir: Out of the Shadows](https://magic-markets.com/palantir-out-of-the-shadows/) - Palantir is the name for the indestructible crystal balls in Lord of the Rings. Those crystal balls or seeing stones were used by both good and evil in the story, which is rather apt. Palantir the listed company has been one of the most secretive and least understood companies around, which makes its status as a publicly listed company all the more surprising. The group is now pushing harder than ever into a corporate client base, so it is coming out the shadows and chasing real growth with its military grade data solutions. This has gotten the market excited.
- [Alphabet: Not So Magnificent](https://magic-markets.com/alphabet-not-so-magnificent/) - In 2023, Alphabet’s advertising revenue was over $100 billion higher than in 2019. In big tech, the numbers are, well, rather big. There was a time in this world when Google seemed to have an unassailable position as the go-to search engine. It’s not every day that a brand becomes a verb! Yet here we are, looking at Artificial Intelligence and virtual reality and other disruptors to the Google kingdom. Has Alphabet done enough across its businesses to still be interesting?
- [Magic Markets Ep161: Meta and Microsoft](https://magic-markets.com/magic-markets-ep161-meta-and-microsoft/) - Zuck you money. In Satya Nadella we trust. You’ll hear these things on this show, with the hosts focusing on two of the most exciting technology companies in the world. Moe took on Meta, a love/hate stock for so many in the market. The Finance Ghost covered Microsoft, his favourite stock of them all.
- [Magic Markets Ep160: Tesla and Volkswagen](https://magic-markets.com/magic-markets-ep160-tesla-and-volkswagen/) - From shoes to cars – in this weeks podcast, we tackle Tesla and Volkswagen. After some important debate on whether Tesla makes ugly cars or not, we got serious about the financial performance. In the interests of a more balanced view, Tesla-permabear The Finance Ghost stayed away from that company and let Mohammed Nalla cover the Cult of Musk. In Volkswagen, our resident ghost explained that the EV theme is still coming through strongly in this company, which is a good and a bad thing. Join us for all in the insights!
- [NextEra Energy: Shooting the Lights Out](https://magic-markets.com/nextera-energy-shooting-the-lights-out/) - In a land far, far away from load shedding, we find the US utilities sector. These are listed companies that are keeping the lights on in North America – literally! Known for defensive cash flows and ideally some underlying growth as well, this is a way to diversify equity exposure in portfolios that are inevitably tilted significantly towards the tech sector. NextEra Energy is the standard bearer in this space, claiming the highest allocation in most utility sector ETFs. If you’re looking to buy-and-forget in this space, does it make sense to buy the sector stalwart?
- [EssilorLuxottica: Ray-Bans and Plans](https://magic-markets.com/essilorluxottica-ray-bans-and-plans/) - Ray-Bans are the eyewear of choice on the highway to the danger zone. High valuations are always a danger zone, as investors in some of the most famous brands in the world have found out the hard way. EssilorLuxottica certainly isn’t light on brands, but it’s a complicated task to figure out whether the valuation reflects the consumer part of the business or the professional lenses side, which is more of a medical devices operation.
- [Magic Markets Ep159: Crocs and Birkenstock](https://magic-markets.com/magic-markets-ep159-crocs-and-birkenstock/) - In this episode of Magic Markets, we dug in the back of our cupboards for the shoes we are too embarrassed to wear. Perhaps we just aren’t fashionable enough, as there are many celebrities wearing Birkenstocks. As for Crocs, there are few who would put those on a pedestal for beautiful design. Moe covered Crocs in this show, starting with a recap of some of the points we covered when issuing our Magic Markets Premium report on Crocs some time ago. Ghost took on the responsibility of Birkenstock, which executed its IPO just a few months ago. Of the two ugly shoe contenders, which one is a buy? And does Birkenstock make a decent case for itself to be covered in Magic Markets Premium at some stage? Listen to this podcast to find out.
- [Abercrombie & Fitch: From Abs to Riches](https://magic-markets.com/abercrombie-fitch-from-abs-to-riches/) - Abercrombie & Fitch is proof that a retail leopard can change its spots – and its entire brand for that matter! There was a time in the world when this business was famous for having shirtless men helping in the stores. That business model aged about as well as the washboard abs themselves: i.e. not very well at all. Today, the brand has much broader appeal and the results are clear for all to see, with the share price up more than 250% in the past year! Is there any value left in it, or can we only learn lessons here about how well a retailer can be turned around?
- [Magic Markets Ep158: Citigroup and Bank of America](https://magic-markets.com/magic-markets-ep158-citigroup-and-bank-of-america/) - With US earnings season underway and the most famous Wall Street banks having released results, we couldn’t resist digging into two such banks and the recent earnings. Instead of picking the obvious ongoing winner JPMorgan, we decided to delve into Bank of America and Citigroup instead. Join us for interesting insights into what's driving the numbers and picking where you want to play in this value chain.
- [Novo Nordisk: The Wizards of Oz-empic](https://magic-markets.com/novo-nordisk-the-wizards-of-oz-empic/) - Novo Nordisk was arguably the NVIDIA of pharma stocks in 2023. Ozempic / Wegovy have become all the rage in the treatment of diabetes and obesity. Unlike the pandemic and its benefit for Pfizer, these diseases aren't fads that are about to disappear. Does that mean that the drugs are guaranteed to continue being a success? Or should investors be worried about competition?
- [Magic Markets Ep157: Pandora and Swatch](https://magic-markets.com/magic-markets-ep157-pandora-and-swatch/) - To kick off 2024, we take a look at two businesses that sit adjacent to each other in the speciality retail space. Pandora sells jewellery and Swatch sells watches at various price points. Swatch is more than just the colourful and playful watches that you know and possibly love. The group is a hybrid of affluent and luxury brands, like Omega. Of course, this creates a real risk of brand dilution in the luxury space as Swatch attempts to improve the competitiveness of its core affluent offering. At Pandora, there is no such confusion. The strategy is tight and the core product range of bracelets and accessories is still growing. So are the other lines like necklaces and earrings, contributing to a fantastic share price performance this year that looks completely different to what Swatch went through. Join us as we unpack some of the key events and metrics behind these stocks and our views on the outlook.
- [Recap: Simon Property Group](https://magic-markets.com/recap-simon-property-group/) - In our final report for 2023, we look back on Simon Property Group. This is the apex predator in the US when it comes to retail property, owning a vast portfolio of high-end malls and investments in various other portfolios around the world. This puts the group at the centre of macroeconomic concepts like consumer spending, inflation and yield curves. What has this meant for the share price this year and the prospects in 2024?
- [Magic Markets Ep156: Oracle and Adobe](https://magic-markets.com/magic-markets-ep156-oracle-and-adobe/) - In the final Magic Markets episode for 2023, hosts Mohammed Nalla and The Finance Ghost covered two global technology companies that sit adjacent to some of the more talked about names. Moe covered Oracle, giving an overview of the business and also looked at Oracle’s latest financial performance and the disappointing guidance given to the market. This leads into a discussion on why the share price has underperformed tech peers. Ghost covered Adobe, starting with the exceptional share price volatility and also covers the desire for acquisitions as well as the recently failed deal with Figma.
- [Hilton Worldwide Holdings: Hot in the Hotel Sector](https://magic-markets.com/hilton-worldwide-holdings-hot-in-the-hotel-sector/) - The travel recovery has been on the lips of not just investors, but also consumers who seem to be prioritising the joy of travel above most other discretionary spending opportunities. Having been shut away from family and experiences during lockdown, people are trying hard to play catch-up. That’s good news for the hospitality industry, with Hilton as probably the most famous name in the game. Should investors be checking into this one with their money?
- [Magic Markets Ep155: Lululemon and SA Fashion Retail](https://magic-markets.com/magic-markets-ep155-lululemon-and-sa-fashion-retail/) - Welcome to episode 155 of Magic Markets. This week, we’re talking about fashion retail. Moe is representing the global north with his choice of athleisure brand Lululemon, while Ghost is keeping things more general with a selection of South African fashion retail brands including The Foschini Group and Mr Price.
- [Recap: Ford](https://magic-markets.com/recap-ford/) - Ford was one of the first companies that we covered in Magic Markets Premium. The automotive stalwart has a proud history, but the transition to electric vehicles is causing all kinds of headaches in the sector. Once you add in labour action and substantial related cost pressures, things haven’t been great for the blue oval. Still, it’s good to see that elements of the strategy are paying off despite the pressures. After years of poor performance before the pandemic, the product range seems to be in the right place. At some point, will their luck change?
- [Magic Markets Ep154: Dis-Chem and Ulta Beauty](https://magic-markets.com/magic-markets-ep154-dis-chem-and-ulta-beauty/) - Welcome to episode 154 of Magic Markets. We're diving deep into the beauty sector this week, exploring stocks that bring a touch of glam to the market scene. Moe has his sights set on Ulta Beauty, the US-based beauty specialist retailer while Ghost chose to delve into the South African beauty scene, focusing on Dis-Chem, the pharmacy group that is more than just a pharmacy: it's a beauty and healthcare haven. This is an exciting sector...join us!
- [Magic Markets Ep153: MultiChoice and Comcast](https://magic-markets.com/magic-markets-ep153-multichoice-and-comcast/) - Welcome to Magic Markets Episode 153, brought to you by B2IT. In this episode, we're dipping our toes into the dynamic world of media and streaming as we discuss Comcast and MultiChoice. In this show we unpack multiple ways one can invest in MultiChoice, Comcast's innovative approach at its Peacock streaming service, MultiChoice's subscriber growth in the face of challenges like load shedding, and the strategic partnership unfolding between Comcast and MultiChoice. We also compare to other media giants like Netflix, Disney and Warner Media. It's a jam-packed show. Give it a listen.
- [Recap: MercadoLibre](https://magic-markets.com/recap-mercadolibre/) - We first covered MercadoLibre in March 2023. We talked about Alibaba meeting Amazon in Latin America. Mostly, we were just highly impressed with the cohesive ecosystem that the company has built. We were also big fans of the commitment to profitability, something that many tech companies could learn something from. With Argentina in the headlines and renewed focus on the broader LatAm region, how has the business performed this year?
- [TJX: Black Friday Every Day](https://magic-markets.com/tjx-black-friday-every-day/) - Could TJX be the best retailer you've never heard of? With a regional moat that executes off-price retail with great success at scale, we really like this company. The valuation has run hard though, so what does that mean for entry tactics?
- [Magic Markets Ep152: Walmart and Target](https://magic-markets.com/magic-markets-ep152-walmart-and-target/) - In episode 152 of Magic Markets, we’ve lined up a battle of the retail giants – Target vs. Walmart. Although we haven’t covered the former yet in Magic Markets Premium, we’ve covered Walmart and some of its largest competitors, like Costco. This week's show unpacks why Target massively beat expectations and some interesting trends in product categories. We also unpack why we need to look at constant currency results and the impact of inflation trends on these companies. There's alot to learn here. Join us.
- [Boeing: Turbulent Times](https://magic-markets.com/boeing-turbulent-times/) - Boeing is in a tough industry and things have been even harder in recent years. After terrible reputational damage before the pandemic that included tragic loss of life, the supply chain hangover of the pandemic and the extensive debt raise to keep the company going just added to the pain trade. Now a turnaround story at best, is there something here for punters?
- [Magic Markets Ep151: Balwin, Calgro M3 and D.R Horton](https://magic-markets.com/magic-markets-ep151-balwin-calgro-m3-and-d-r-horton/) - This week, we’ve got property on our minds – buying it, renting it and even building it from the ground up. While Ghost is bringing homegrown insights from locally listed property investors Balwin and Calgro M3, Moe is discussing D.R Horton (no relation to Dr. Seuss), a home construction company headquartered in Arlington, Texas.
- [Qualcomm: Here There Be Snapdragons](https://magic-markets.com/qualcomm-here-there-be-snapdragons/) - Qualcomm holds a vast library of patents for 3G, 4G and 5G technology. The company has earned licensing revenue for years, with the profits reinvested in extensive R&D to create the Snapdragon range of chips and associated systems. On paper, it should all be going well. In practice, Qualcomm has been a laggard in the sector. With smartphone volumes under pressure, what does the near-term picture look like?
- [Magic Markets Ep150: Revisiting Dexcom](https://magic-markets.com/magic-markets-ep150-revisiting-dexcom/) - Welcome to another exciting episode of our podcast featuring Justine Brophy from AnBro, a voice familiar to listeners. This week, we're revisiting Dexcom as a stock that AnBro holds in its Unicorn portfolio. It’s great to be able to track the journey of a specific stock through a volatile market, with Justine regularly coming onto the show to use it as a good example of how the team at AnBro reacts to market dynamics. This show discusses what the recent market turbulence and why does AnBro remain invested in the stock, despite a headache-inducing rollercoaster ride from $112 to $74 and back to $96 per share?
- [The Hershey Company: Sugar Crash](https://magic-markets.com/the-hershey-company-sugar-crash/) - With many people still recovering from the sugar hangover that is Halloween, we felt it was a good time to cover consumer brands business Hershey. Although there’s a strong attempt underway to grow the healthier product lines, Hershey is known as a confectionary company. There’s been nothing sweet about the performance this year, with the market talking about the “Ozempic Era” and the popularity of weight-loss drugs. The worry is whether the cravings will go away. For investors, the risk is that profits go away with those cravings. But is the market simply focusing on the wrong thing entirely?
- [Magic Markets Ep149: Amazon and Alphabet](https://magic-markets.com/magic-markets-ep149-amazon-and-alphabet/) - Welcome to episode 149 of Magic Markets. It’s the middle of US earnings season, and two international tech giants have released results last week. This is a tale of two stocks, with one garnering a very positive reaction from the market and the other… well, not so much. Join us as we discuss Amazon and Alphabet (the holding company of Google).
- [American Express: More Than a Card](https://magic-markets.com/american-express-more-than-a-card/) - Having previously covered Visa and various banking stocks in Magic Markets Premium, it was time to turn our attention to a hybrid of these models. American Express is both a lender and a payments processor, which is what sets it apart from the crowd. Is this long-time favourite of Berkshire Hathaway still worth holding?
- [Magic Markets Ep148: Tesla and Netflix](https://magic-markets.com/magic-markets-ep148-tesla-and-netflix/) - Welcome to episode 148 of Magic Markets. This week, we cast our eyes beyond our local borders to bring you insights from two heavy hitters in the international market: Netflix and Tesla. These household names are making major moves and stirring up emotions as a result, with Tesla hyping up the Cybertruck while Netflix is all about strong subscriber growth and ad-supported tiers. Beyond these points, we also discussed a whole lot more. Is Ghost still a Tesla bear and can Moe be tempted back into Netflix after taking profits? Tune in to the podcast to find out!
- [Recap: LVMH](https://magic-markets.com/lvmh-recap/) - We first covered LVMH in May 2023. That wasn't a long time ago, yet so much has happened. We were worried that the valuation was much too high and time has proven us correct.
- [Magic Markets Ep147: Tips For Trading with Garth Mackenzie](https://magic-markets.com/magic-markets-ep147-tips-for-trading-with-garth-mackenzie/) - In Episode 147, Magic Markets Brought to you by B2IT, special guest Garth Mackenzie of the Talking with Traders podcast and Traders Corner platform joined us to discuss whether traders can still make money in a challenging market. Topics covered include: Trading Psychology, why is it important to find a trading style that matches your personality type and how to stick to trading disciplines and strategies.
- [O'Reilly Automotive: Are Electric Vehicles the Real Risk?](https://magic-markets.com/oreilly-automotive-are-electric-vehicles-the-real-risk/) - O'Reilly Automotive isn't on anyone's list of famous global stocks. With a share price CAGR over the past decade of well over 20%, perhaps it should be. Is the electric vehicle risk worth worrying about, or are their other near-term headwinds that are cause for concern at this valuation?
- [Magic Markets Ep146: McCormick and SA Food](https://magic-markets.com/magic-markets-ep146-mccormick-and-sa-food/) - In Episode 146, Magic Markets digs into the food producer industry. This hasn’t been a great place to put your money during this period of heightened inflation, as consumer pressures tend to flow up through the value chain. As usual, we lean on our research in Magic Markets Premium for the global choice in this show, with Moe covering McCormick (20% market share in the spices and seasoning market in North America). The Finance Ghost chose a selection of South African food producers to talk about, indicating the pressures in the industry.
- [Ingersoll Rand: The Rand You Want To Buy](https://magic-markets.com/ingersoll-rand-the-rand-you-want-to-buy/) - Ingersoll Rand offers an excellent way to add a growth element to the industrials theme within your portfolio. There's a lot to like here, with the current cycle being favourable to the group. Join us in learning why Ingersoll Rand is the rand that you probably want to buy!
- [Magic Markets Ep145: Southern Sun and Carnival Corporation](https://magic-markets.com/magic-markets-ep145-southern-sun-and-carnival-corporation/) - Welcome to episode 145 of Magic Markets! The hospitality game is all about occupancy and pricing and getting those two things right. Just because we’re talking about the travel and leisure industry this week, doesn’t mean you can just sit back, kick up your feet and watch your investments compound. Join us on a deep dive into Carnival Corporation and Southern Sun.
- [Dollar General: Meme Stock Thesis](https://magic-markets.com/dollar-general-meme-stock-thesis/) - Dollar General was a darling of the market for the past decade. In a classic example of how quickly a retailer can be humbled by the market and competitive forces, the share price has collapsed this year and there are good reasons why. Far from being a bargain, we think the pain is only just starting. With a strategy that seems certain to cause a structural drop in margins, Dollar General is in trouble.
- [Magic Markets Ep144: JP Morgan and Standard Bank](https://magic-markets.com/magic-markets-ep144-jp-morgan-and-standard-bank/) - Welcome to episode 144 of Magic Markets! In this exciting episode of Magic Markets, we delve into the captivating world of finance and banking, focusing on a heavyweight showdown between two financial giants: JP Morgan, the original titan of banking, and Standard Bank, a formidable local hero in its own right. This week we touch on what the endowment effect is and how is it helping banks when interest rates are going up? Should we be heeding JP Morgan CEO Jamie Dimon’s warnings about stagflation & a 7% FED funds rate? Join us on the podcast for all this and more!
- [Recap: Starbucks](https://magic-markets.com/recap-starbucks/) - We’ve covered Starbucks before, the world’s most famous coffee shop chain despite strong focus on the US and China and a lesser footprint outside of those countries. Succession planning has been the Achilles' Heel of this story, with Howard Schultz having returned to the top job for the third time when we covered the stock back in March 2022. The stock was trading at $88 and we were pretty bearish. Now at nearly $97, that’s roughly a 10% return in 18 months. While it may be a timing issue, that’s actually beaten the S&P 500 index over that time period. What happened that beat our expectations? Welcome to Magic Markets Premium.
- [Magic Markets Ep143: Adobe and Salesforce](https://magic-markets.com/magic-markets-ep143-adobe-and-salesforce/) - Welcome to episode 143 of Magic Markets! Continuing with our new format, we explore two tech giants with cloud software-as-a-service models. Adobe, often called "Microsoft for creatives," has delivered strong recent returns and has some rather exciting developments in Artificial Intelligence (AI). Salesforce is also brilliantly positioned for AI, so the companies have more in common than you might think. Perhaps most importantly, we each picked out favourite at the end. Join us on the podcast! Have we piqued your interest? Are you hungry for more? If so, you can opt in for more insights when you sign up for Magic Markets Premium for just R99/month.
- [Kroger: The "Simple Truth" of Large Grocers](https://magic-markets.com/kroger-the-simple-truth-of-large-grocers/) - Kroger is the OG - Original Grocer! With a history of organic growth and M&A to supplement the story, Kroger has now embarked on the biggest acquisition in its history: the proposed merger with Albertsons. It introduces a lot of risk into the mix, but can it propel the share price CAGR above the index and make this a worthwhile stock to hold?
- [Magic Markets Ep142: Investing in the World's Biggest Brands - BRNDZ](https://magic-markets.com/magic-markets-ep142-investing-in-the-worlds-biggest-brands-brndz/) - Welcome to episode 142 of Magic Markets. This week we dive into a portfolio that provides exposure to the world's top 100 brands by brand value, ranging from household names like Apple and Google to global giants like China Mobile and UPS. Justine Brophy from AnBro is here to talk about a groundbreaking investment opportunity. When we say this info is hot off the presses, we mean it – the product is only set to launch on September 20th! We’ll tell you how it works and where you can find more information about it. Don't miss this chance to explore the world's biggest brands with Magic Markets! Have we piqued your interest? Are you hungry for more? If so, you can opt in for more insights when you sign up for Magic Markets Premium for just R99/month.
- [Deere & Co: Tractors-as-a-Service](https://magic-markets.com/deere-co-tractors-as-a-service/) - Deere & Co is like the Apple of tractors, with technologically advanced products and a recognition of the value of building an as-a-service business with recurring income. Historical financial performance is strong to say the least, with this industrial stalwart making a strong case as a buy-and-forget stock. But what does the near-term view suggest?
- [Magic Markets Ep141: Lululemon and Ulta Beauty](https://magic-markets.com/magic-markets-ep141-lululemon-and-ulta-beauty/) - Welcome to episode 141 of Magic Markets. In this episode, we dug through the latest earnings transcripts of two intriguing global companies: Lululemon and Ulta Beauty. Lululemon, the pioneer of athleisure, is known for its premium yoga pants and impressive growth. Ulta Beauty, often compared to South Africa's Clicks, offers a range of health and beauty products. It all looks good on paper – but will these companies keep riding the wave, or end up splashing in the shallows? Join us on the podcast! Have we piqued your interest? Are you hungry for more? If so, you can opt in for more insights when you sign up for Magic Markets Premium for just R99/month.
- [Foot Locker: More Like Hurt Locker](https://magic-markets.com/foot-locker-more-like-hurt-locker/) - Foot Locker is a perfect example of a business model that has been cracked wide open by a shift in the value chain. After previous management allowed the company to become a glorified Nike store, the new team is being forced to cut back on Nike because of that company's direct-to-consumer strategy. This creates plenty of uncertainty and a need for a turnaround strategy, which is why the dividend has been suspended.
- [Magic Markets Ep140: Crocs and Nike](https://magic-markets.com/magic-markets-ep140-crocs-and-nike/) - In the ever-evolving world of footwear, two feuding giants stand tall: Crocs and Nike. These industry titans have recently unveiled their latest financial results, sending ripples across the market. One of these two brands achieved growth of 371% over the last 5 years. Can you guess which one it is? Join us on the podcast! Have we piqued your interest? Are you hungry for more? If so, you can opt in for more insights when you sign up for Magic Markets Premium for just R99/month.
- [Magic Markets Ep139: Disney and Yum! Brands](https://magic-markets.com/magic-markets-ep139-disney-and-yum-brands/) - As the earnings season in the US draws to a close, it's the perfect moment to reflect on two unrelated but undeniably interesting companies that have been on our radar. The ever-evolving nature of the markets teaches us that what made sense a year ago can be dramatically different today. In this week’s episode of Magic Markets, we’re diving into Disney and Yum! Brands to see how they've fared since our last discussion.
- [McDonald's: Supersized](https://magic-markets.com/mcdonalds-supersized/) - There are 40,800 McDonald’s restaurants in the world - that’s a lot of Big Macs! Every quarter, there are more golden arches in the world helping people forget their problems with a strong dose of calories. At group level, McDonald’s is a marketing and product design company, rolling out ideas and learnings to a footprint that is heavily skewed towards franchise stores. With a long-term share price performance that beats the S&P500, it’s a strategy that works... but is it worth a buy at current levels?
- [UPS: What's in the Box?](https://magic-markets.com/ups-whats-in-the-box/) - UPS is part of the logistics oligopoly in the US, with arch-rival FedEx having been covered a few times on Magic Markets before. UPS has had a terrible year, with major labour issues highlighting the risks in this sector. Does it represent an interesting swing trade for the rest of the year?
- [Magic Markets Ep138: Caterpillar and Home Depot](https://magic-markets.com/magic-markets-ep138-caterpillar-and-home-depot/) - In episode 138 of Magic Markets, we are changing things up by looking at recent earnings releases in the US. Follow us as we delve into the depths of our Magic Markets Premium library to compare our wealth of research on these companies with their latest releases. Ghost had lots to say about the latest Caterpillar report, while Moe had thoughts to share on Home Depot.
- [Recap: Apple](https://magic-markets.com/recap-apple/) - Apple has been an incredibly strong performer over the past decade. For investors, the focus is on what the next decade will hold, especially with the valuation having moved so much higher over time. Can Apple keep this up, or should investors be cautious?
- [Magic Markets Ep137: BESI - Your New Semiconductor Bestie](https://magic-markets.com/magic-markets-ep137-besi-your-new-semiconductor-bestie/) - In episode 137 of Magic Markets, we caught up with Craig Antonie of AnBro Capital Investments to talk about chips. No, not the crunchy kind – the kind of chips that tech stocks live and die by. Craig highlighted a lesser known semiconductor company, BE Semiconductor, with the ticker BESI giving it the cute nickname “Bessie”. The company is using hybrid bonding and new technology to show that there’s excitement in chips beyond just AI.
- [Magic Markets Ep136: Retail Stock Reality](https://magic-markets.com/magic-markets-ep136-retail-stock-reality/) - In episode 136 of Magic Markets, we kicked off the discussion by talking about retail stocks. They are always relevant to investors because people know the brands and feel like they understand the businesses. Of course, like everything in the market, it’s not quite that simple. In this action-packed discussion that touched on many different topics ranging from global to SA retailers, through to real estate, E-commerce, the rise of shrinkage (theft) in global retailers and SO much more! Listen in NOW!
- [Recap: Meta](https://magic-markets.com/recap-meta/) - We keep coming back to Meta on Magic Markets Premium because the company keeps dishing up surprises and volatility. After a spectacular run in the share price, is it time to take profits and stand back?
- [Johnson & Johnson: So Much More Than Baby Powder](https://magic-markets.com/johnson-johnson-so-much-more-than-baby-powder/) - Johnson & Johnson is far more than just a baby powder company. In fact, the consumer business has been split-off into a newly listed company called Kenvue, with the intention of Johnson & Johnson being a pure-play opportunity in pharmaceuticals and medical devices. As a long-term stalwart in any portfolio, this is a compelling choice.
- [Magic Markets Ep135: Our Recent Trades](https://magic-markets.com/magic-markets-ep135-our-recent-trades/) - At Magic Markets, we "eat our own cooking" with our research and this week, we look at some of the recent trades in our portfolio including where we take profit, new ideas and more. Stocks covered in this show include Microsoft, Apple, Meta, Netflix, Tesla, Disney, TripAdvisor, Carnival Corporation, Visa, Johnson & Johnson, PepsiCo and Yum! Brands.
- [Swatch: Time Moves Slowly](https://magic-markets.com/swatch-time-moves-slowly/) - Swatch has been on a charge this year, finally offering decent performance to long-suffering investors who have witnessed crushing underperformance vs. luxury stocks. Perhaps that comparison is the first problem, as there is far more to Swatch than just luxury brands.
- [Magic Markets Ep134: Rate Hikes, Banks and Consumers](https://magic-markets.com/magic-markets-ep134-rate-hikes-banks-and-consumers/) - Interest rates have been hiked aggressively globally and its starting to show up in bank's provisions. This week, Mohammed Nalla and The Finance Ghost discuss the current hiking cycle, the impact on banks and consumers and which JSE sectors are giving good guidance at the moment.
- [Carnival Corporation: Trying to Stay Afloat](https://magic-markets.com/carnival-corporation-trying-to-stay-afloat/) - Carnival Corporation has delivered an astonishing run in the share price this year, as cruises have started to show signs of recovery. But do shareholders still have enough of the economics to justify this, or have the bankers taken the lion's share?
- [Magic Markets Ep133: Weather, Wheat and Wandile Sihlobo](https://magic-markets.com/magic-markets-ep133-weather-wheat-and-wandile-sihlobo/) - With snow in Johannesburg, we found this a good time to get into a discussion with Wandile Sihlobo to unpack the changing weather patterns and what it means for the different agricultural sectors. We also discuss the investment case for South African agriculture as a whole.
- [Recap: PepsiCo](https://magic-markets.com/recap-pepsico/) - When we first covered PepsiCo, we thought it would be a strong player in an inflationary environment. We were right about that, with the valuation multiples having moved upwards as a result. But what does the risk-reward position look like now?
- [Magic Markets Ep132: Activision Acquisition](https://magic-markets.com/magic-markets-ep132-activision-acquisition/) - What's going on with the Microsoft acquisition of Activision? Join us on Magic Markets as Mohammed Nalla and The Finance Ghost unpack the details with Justine Brophy of Anbro Capital.
- [Salesforce: Can It Pick Up The Slack?](https://magic-markets.com/salesforce-can-it-pick-up-the-slack/) - The only thing that is green about Aston Martin is the colour on the Formula One cars that are giving the brand a major boost at the moment. Share price action this year has been highly speculative, with tough financial results and a balance sheet that looks set to need more equity capital.
- [Magic Markets Ep128: Five with Trive - Chinese Stocks](https://magic-markets.com/magic-markets-ep128-five-with-trive-chinese-stocks/) - Alex Weiss of Trive South Africa is back with another five stocks around a central theme. In this case, the theme is China. Of course, we can't talk about Chinese tech stocks and platform businesses without Artificial Intelligence (AI) as another important theme. With ongoing mistrust between East and West, there is enormous development in
- [Magic Markets Ep127: Are You Yearning For Yield?](https://magic-markets.com/magic-markets-ep127-are-you-yearning-for-yield/) - The Westbrooke Alternative Asset Management team give us an update on the latest capital raise in the Westbrooke Yield Plus fund and take our listeners through a case study of how some of these deals are structured. After an extraordinary pace of rate hikes by the Bank of England, the base rate in UK now offers genuinely appealing yield and this presents opportunities for the fund and for investors.
- [Aston Martin: Burning Cash Faster than Fuel](https://magic-markets.com/aston-martin-burning-cash-faster-than-fuel/) - The only thing that is green about Aston Martin is the colour on the Formula One cars that are giving the brand a major boost at the moment. Share price action this year has been highly speculative, with tough financial results and a balance sheet that looks set to need more equity capital.
- [Tripadvisor: A One Star Review](https://magic-markets.com/tripadvisor-a-one-star-review/) - Tripadvisor has a great brand, but does it have a great business? Or does it have a business at all, in the modern world of competitors like Google Maps? Worst of all, doesn't Tripadvisor have to pay Google just to stay relevant? It's not looking good for the famous travel and tourism company.
- [Magic Markets Ep126: Crypto Arbitrage and the Future of Forex](https://magic-markets.com/magic-markets-ep126-crypto-arbitrage-and-the-future-of-forex/) - After a difficult period in which the crypto arbitrage needed to be temporarily closed down to manage counterparty risk amidst uncertainty in the global banking system, the Future Forex team is offering the arbitrage once more. They have also evolved the Future Forex business model to offer additional services to clients and move the business into a new area, focussing on fulfilling client's FX needs.
- [3M: Post-its, Profits and Plans](https://magic-markets.com/3m-post-its-profits-and-plans/) - 3M has a track record of 120 years of innovation. That sounds very impressive, but a share price chart over the past two decades tells a far less appealing story. This lumbering giant of a conglomerate has underperformed for years. Are there any catalysts for positive change?
- [Magic Markets Ep125: AnBro Stock Focus - IFF and RWAY](https://magic-markets.com/magic-markets-ep125-anbro-stock-focus-iff-and-rway/) - Some interesting high dividend yield stocks are popping onto the radar. This week, we look at two companies which are interesting for different reasons, International Flavors and Fragrances ($IFF) and Runway Growth Finance ($RWAY). Listen to this episode to learn not just about $IFF and $RWAY, but about how the team at AnBro thinks about stocks on their watchlist.
- [Magic Markets Ep124: Five with Trive - Artificial Intelligence](https://magic-markets.com/magic-markets-ep124-five-with-trive-artificial-intelligence/) - It doesn't get more topical than artificial intelligence, with Alexander Weiss of Trive South Africa joining us to reflect on the extraordinary growth seen thus far and the companies at the forefront of this trend. This includes Nvidia, AMD, Microsoft, Alphabet and Meta. Join us for Five with Ttrive as we discuss these stocks.
- [LVMH: Luxury Valuation, Market High](https://magic-markets.com/lvmh-luxury-valuation-market-high/) - LVMH stands for luxury and exclusivity. Those who have held the shares for long enough would've gotten themselves closer to affording the products, as this has been a long-term winner. Do the numbers support the recent share price trend, or is this purely a momentum play?
- [Lovesac: Finding Money in the Couch](https://magic-markets.com/lovesac-finding-money-in-the-couch/) - Lovesac is the bestselling couch in America, according to the company at least. It’s the fast-growing furniture business that you’ve never heard of. Lovesac have doubled both revenue and net income between 2021 and 2023, currently trading on a forward P/E in the mid-teens after a major stock price correction in the past 12 months.
- [Magic Markets Ep123: Growth, Value and Five-Year Fun](https://magic-markets.com/magic-markets-ep123-growth-value-and-five-year-fun/) - Growth vs. value is one of the most stereotypical debates in the market. There’s so much to learn from these two approaches, so we used the opportunity this week to discuss this topic and look at some of the core differences. This included real-world examples of various companies that we have covered in Magic Markets Premium as well.
- [Prologis: Safe as Warehouses](https://magic-markets.com/prologis-safe-as-warehouses/) - As the world’s largest owner of logistics and warehousing property, Prologis has been enjoying the tailwind from a structural shift to eCommerce. With a strong balance sheet and lots of strategic optionality, the company has achieved surprising growth from an asset class that many see as boring.
- [Magic Markets Ep122: Anchoring Alternative Assets](https://magic-markets.com/magic-markets-ep122-anchoring-alternative-assets/) - In Episode 121 of Magic Markets, we reflect on some of the recent insights uncovered in our research for Magic Markets Premium. These include how the poor use of share buybacks by US companies, the divergence in performance between national and regional banks in the US, why we look for optionality in a business model, how to view cylical companies in a portfolio and the recent popularity of the luxury sector, why investors are buying these companies and the risk of chasing the hype.
- [Tupperware: The Party is Over](https://magic-markets.com/tupperware-the-party-is-over/) - At Tupperware, the party is nearly over. With a sales strategy that simply didn't move with the times, Tupperware is the perfect example of Ernest Hemingway's concept of going bankrupt gradually and then suddenly. Is there anything left here for equity holders?
- [Magic Markets Ep121: Buybacks, Banks and Big Spenders](https://magic-markets.com/magic-markets-ep121-buybacks-banks-and-big-spenders/) - In Episode 121 of Magic Markets, we reflect on some of the recent insights uncovered in our research for Magic Markets Premium. These include how the poor use of share buybacks by US companies, the divergence in performance between national and regional banks in the US, why we look for optionality in a business model, how to view cylical companies in a portfolio and the recent popularity of the luxury sector, why investors are buying these companies and the risk of chasing the hype.
- [FedEx: More with Less](https://magic-markets.com/fedex-more-with-less/) - FedEx keeps delivering share price volatility and major shifts in its operations, so we keep covering this stock. With news of a substantial cost cutting plan now in the market, the share price has been on a strong run this year. With margins suffering a hard landing, can management deliver this plan?
- [Magic Markets Ep120: Banking On Our Banks](https://magic-markets.com/magic-markets-ep120-banking-on-our-banks/) - The failure of Silicon Valley Bank is still fresh in our minds, prompting a discussion around the key differences between the risk embedded in US banks vs. local (South African) banks. There are great insights here around the basic risks of fixed income instruments and the importance of asset-liability matching at financial institutions. We also looked at common metrics used in analysing banks, helping investors understand their relative valuations.
- [Ulta: Skin Deep or Deep Pockets?](https://magic-markets.com/ulta-skin-deep-or-deep-pockets/) - There's a big difference between a great company and a great investment. Ulta Beauty plays in the most lucrative retail categories of all, yet the share price seems to be ignoring management's warnings of normalising margins. Where does this leave the risk-reward setup?
- [Magic Markets Ep119: AnBro Stock Focus - DEX and STAA](https://magic-markets.com/magic-markets-ep119-anbro-stock-focus-dex-and-staa/) - When most investors think of growth-style funds, they imagine software-as-a-service businesses and artificial intelligence. Sometimes, growth can be found in industries that are as old as time itself, like the medical field. Listen to this episode to learn not just about $DXCM and $STAA, but about how the team at AnBro thinks about investing.
- [Magic Markets Ep118: The Equity Layer in Solar Investing (with Westbrooke)](https://magic-markets.com/magic-markets-ep118-the-equity-layer-in-solar-investing-with-westbrooke/) - In Episode 118, we brought the sunshine to Magic Markets. Saul Maserow and Dino Zuccollo of Westbrooke Alternative Asset Management joined us to talk about Westbrooke’s response to the solar financing opportunity that has been thrust into the limelight (or sunlight?) by the failure of South Africa’s national power utility. Westbrooke’s approach is a little
- [Winners They Come and Winnebago](https://magic-markets.com/winners-they-come-and-winnebago/) - Is there anything more American than an RV? Winnebago is a pure-play look at consumer durables in the US. This makes it highly cyclical, so timing is everything with this stock. Right now, sales are plummeting. This is all about trying to figure out where the bottom might be.
- [Magic Markets Ep117: Macro Themes with Rachel Ziemba](https://magic-markets.com/magic-markets-ep117-macro-themes-with-rachel-ziemba/) - With a background at Roubini Global Economics and extensive experience across developed, emerging and even frontier markets, Rachel Ziemba brings a wealth of macroeconomic and geopolitical experience to Magic Markets. Having worked several times in the past with our very own Mohammed Nalla, Rachel agreed to join us for a discussion on general global trends
- [Spotify: Streaming on the Bleeding Edge](https://magic-markets.com/spotify-streaming-on-the-bleeding-edge/) - Spotify has 500 million monthly active users, yet the business model economics are far from proven. It doesn't help to grow users without any regard for profitability, or all that is happening is that the losses are getting bigger! In our research, we delve into both the strategic drivers and the key trends in ARPU and gross margin to arrive at our conclusion. Spoiler alert: we are bearish.
- [CrowdStrike: Hunting the Hackers](https://magic-markets.com/crowdstrike-hunting-the-hackers/) - Use the podcast player below to listen to our discussion on CrowdStrike and its Q4'23 result, which accompanies the detailed write-up below: (Date of report: 16 March 2023) Stop breaches. Drive business. That’s the tagline when you Google CrowdStrike, making it quite clear that the falcon in the logo is looking for cyberattacks and doing
- [Magic Markets Ep116: Aston Martin on Track?](https://magic-markets.com/magic-markets-ep116-aston-martin-on-track/) - If there’s one thing we are learning in Formula One this year, it’s that Fernando Alonso has more resilience and staying power than many international companies! Now driving for Aston Martin, a strong result in the opening race of the year certainly gave the brand a boost. It also led to many momentum and sentiment
- [Comcast: The Peacock's True Colours](https://magic-markets.com/comcast-the-peacocks-true-colours/) - Use the podcast player below to listen to our discussion on Comcast and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 9 March 2023) Comcast is a bit like the love child of AT&T and Disney, with a traditional cable broadband business making most of the money that funds the management
- [Magic Markets Ep115: Clean and Green US Stocks](https://magic-markets.com/magic-markets-ep115-clean-and-green-us-stocks/) - In this episode of Magic Markets, Craig Antonie of AnBro Capital Investments joined us to discuss a few energy opportunities in the US that the AnBro funds have positions in. There are both dividend- and growth-oriented funds available at AnBro, so there is something for (almost) everyone. The energy theme is a major driver of
- [MercadoLibre: Alibaba meets Amazon in LatAm](https://magic-markets.com/mercadolibre-alibaba-meets-amazon-in-latam/) - Use the podcast player below to listen to our discussion on MercadoLibre and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 2 March 2023) In 2022, MercadoLibre achieved three big milestones that they describe as 100, 10 and 1. That means $100 billion in payments processed, $10 billion in revenue and
- [Magic Markets Ep114: Private Debt and Property in a Rising Rate Environment](https://magic-markets.com/magic-markets-ep114-private-debt-and-property-in-a-rising-rate-environment/) - Regular listeners of Magic Markets have learnt a great deal about alternative investments and private deals, thanks to the various professionals at Westbrooke Alternative Asset Management who have joined us on the show. Richard Asherson and James Lightbody join us this week to update us on the UK market and the conditions under which the
- [Generac: Light At the End of the Tunnel?](https://magic-markets.com/generac-light-at-the-end-of-the-tunnel/) - Use the podcast player below to listen to our discussion on Generac and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 23 February 2023) Generac has been at it for more than half a century, providing businesses and homes with alternative power solutions like generators. Fuelled by liquid propane, natural gas
- [Magic Markets Ep113: Portfolio Winners and Losers](https://magic-markets.com/magic-markets-ep113-portfolio-winners-and-losers/) - In Magic Markets, we try to eat our own cooking. When we cover stocks in Premium, it’s either because we already have a position in them or because we are interested in taking a position and want to do further research. In this episode of Magic Markets, we took advantage of a “just the two
- [Yum! Brands: Finger Lickin' Growth](https://magic-markets.com/yum-brands-finger-lickin-growth/) - Use the podcast player below to listen to our discussion on Yum! Brands and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 16 February 2023) There’s an exclamation mark in Yum! and with good reason, as this is the world’s largest restaurant company with over 55,000 venues across various brands where
- [Magic Markets Ep112: The Brokerage Engine Room](https://magic-markets.com/magic-markets-ep112-the-brokerage-engine-room/) - A multi-asset investment platform is a complicated animal to build and operate. With considerations like getting the balance of automation and human involvement just right, through to the need to meet numerous legislative and compliance requirements, the engine room of a brokerage carries a major responsibility. For anyone interested in the behind-the-scenes reality at a
- [Pfizer: Vaccines-as-a-Service?](https://magic-markets.com/pfizer-vaccines-as-a-service/) - Use the podcast player below to listen to our discussion on Pfizer and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 9 February 2023) Pfizer had a momentous year in 2022. Not only did the company exceed $100bn in revenue for the first time in its 174-year history, but 1.3 billion
- [Magic Markets Ep111: AI - Cutting Through the Hype](https://magic-markets.com/magic-markets-ep111-ai-cutting-through-the-hype/) - Guess what? The hype machine is back in the market, this time focused on the exciting new world of Artificial Intelligence (AI). Some of the intelligence is artificial indeed, with any company that has “AI” in its name trading higher this month, regardless of what AI stands for! There’s nothing more dangerous than a market
- [Microsoft: A Platform Shift](https://magic-markets.com/microsoft-a-platform-shift/) - Use the podcast player below to listen to our discussion on Microsoft and its Q2'23 result, which accompanies the detailed write-up below: (Date of report: 2 February 2023) From cloud to AI – the narrative at Microsoft has shifted, proving once again that the company sits at the forefront of global technology trends. When CEO
- [Magic Markets Ep110: Investable Businesses for Westbrooke](https://magic-markets.com/magic-markets-ep110-investable-businesses-for-westbrooke/) - For founders and executives, raising capital is always a hot topic. Cash is the lifeblood of any organisation and the “capital stack” is an important and complicated area of finance that far too many entrepreneurs don’t have a proper understanding of. After several podcasts with the Westbrooke team members, in which we have learnt about
- [Procter & Gamble: A Rough Patch](https://magic-markets.com/procter-gamble-a-rough-patch/) - Use the podcast player below to listen to our discussion on Procter & Gamble and its Q2'23 result, which accompanies the detailed write-up below: (Date of report: 26 January 2023) From moisturiser to fabric softener - at Procter & Gamble, Head & Shoulders is a brand rather than a share price chart pattern! Alongside the
- [Magic Markets Ep109: 2023 Ideas with Herenya](https://magic-markets.com/magic-markets-ep109-2023-ideas-with-herenya/) - As we get ready to sign off on the first month of 2023, Petri Redelinghuys from Herenya Capital Advisors joined us to talk about the mood of the traders in the community and some of the ideas and strategies that they are putting in place. We also talked about the South African economy and the
- [Tesco: Not a Sterling Performer](https://magic-markets.com/tesco-not-a-sterling-performer/) - Use the podcast player below to listen to our discussion on Tesco and its Q3'23 result, which accompanies the detailed write-up below: (Date of report: 19 January 2023) Grocery retail isn’t the most exciting industry, let’s face it. Nevertheless, these companies are defensive investments that are theoretically good punts in tough times. As we’ve seen
- [Magic Markets Ep108: The Trive Tribe](https://magic-markets.com/magic-markets-ep108-the-trive-tribe/) - Trive South Africa offers a gateway to the JSE and global markets. Providing an in-depth online trading experience, Trive exists to empower progression. You can simply and securely trade and invest in JSE and US stocks and leveraged products, or invest in tax free savings accounts. Travis Robson is the CEO of Trive South Africa
- [FactSet: Big Data; Bigger Competition](https://magic-markets.com/factset-big-data-bigger-competition/) - Use the podcast player below to listen to our discussion on FactSet and its Q1'23 result, which accompanies the detailed write-up below: (Date of report: 12 January 2023) Late in the night, an investment banking analyst is putting the finishing touches on a pitchbook. This is a story as old as time, playing out on
- [Magic Markets Ep107: The 2023 Outlook](https://magic-markets.com/magic-markets-ep107-the-2023-outlook/) - If you can imagine the worst possible year for anything, then you’re starting to understand what 2022 was like for investors in growth stocks. The combination of rising interest rates and inflated valuations at the start of the year meant that investors suffered drops of 30% (and more) across many of the “growth” names in
- [Nike: Just Don't Do It?](https://magic-markets.com/nike-just-dont-do-it/) - Use the podcast player below to listen to our discussion on Nike and its Q2'23 result, which accompanies the detailed write-up below: (Date of report: 5 January 2023) The intersection of sport, music and fashion: Nike is definitely still that business, with all the sports endorsements and cultural influences you would hope for in an
- [Recap: Levi's and Lululemon](https://magic-markets.com/recap-levis-and-lululemon/) - Use the podcast player below to listen to our recap on Levi's and Lululemon's recent results, which accompanies the detailed write-up below: (Date of report: 22 December 2022) They both start with the letter L. They are both retailers. They both sell directly to consumers. There are other similarities too, as we will discover. In
- [Crocs: Ugly shoes; pretty profits](https://magic-markets.com/crocs-ugly-shoes-pretty-profits/) - Use the podcast player below to listen to our discussion on Crocs and its Q3'22 result, which accompanies the detailed write-up below: (Date of report: 15 December 2022) You might not like Crocs, but the group sold over 30 million shoes this quarter. It was a record quarter for revenue and full year guidance has
- [Magic Markets Ep106: The Global View with Marko Papic](https://magic-markets.com/magic-markets-ep106-the-global-view-with-marko-papic/) - If you’ve looked at your portfolio even once this year, you’ll know that 2022 has proven how vital a solid geopolitical analytical framework can be in generating returns. As the author of the book Geopolitical Alpha, Marko Papic is a global geopolitical expert and partner at Clocktower Group, who advises some of the largest pension
- [Warner Music Group: Let the Music Play](https://magic-markets.com/warner-music-group-let-the-music-play/) - Use the podcast player below to listen to our discussion on Warner Music Group and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 8 December 2022) There’s not much that Beethoven, Madonna, Ed Sheeran, Coldplay and David Guetta have in common, other than a shared commercial relationship through Warner Music Group.
- [Magic Markets Ep105: 2022 Recap with Herenya](https://magic-markets.com/magic-markets-ep105-2022-recap-with-herenya/) - In Episode 105 of Magic Markets, Petri Redelinghuys of Herenya joins us to recap 2022. And what a year it was – with themes like energy and inflation playing out in the markets and plenty of volatility from the Fed on one end of the world and China on the other. These volatile conditions were
- [American Tower: Mixed Signals](https://magic-markets.com/american-tower-mixed-signals/) - Use the podcast player below to listen to our discussion on American Tower and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 1 December 2022) In the US, the REIT sector has numerous examples of companies that aren’t traditional property businesses. American Tower falls into this category, leasing out telecommunications infrastructure
- [Magic Markets Ep104: What's going on inside Premium?](https://magic-markets.com/magic-markets-ep104-whats-going-on-inside-premium/) - In this episode of Magic Markets, we took the opportunity to run through key elements of our research process in Magic Markets Premium. In doing so, we shared insights into important areas of focus for investors. Topics covered include: • Why do we present a bull case and a bear case on every company? •
- [BlackRock: Investing in Money](https://magic-markets.com/blackrock-investing-in-money/) - Use the podcast player below to listen to our discussion on BlackRock and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 20 October 2022) As you already know, this hasn’t been a happy year in the markets. Asset values have fallen sharply, with global equity and debt markets down 25% and
- [Apple: Evolution, not Revolution](https://magic-markets.com/apple-evolution-not-revolution/) - Use the podcast player below to listen to our discussion on Apple and its Q4’22 result, which accompanies the detailed write-up below: (Date of report: 17 November 2022) Without a doubt the best global example of how tech hardware and services combine to form a powerful ecosystem, Apple is the most valuable company in the
- [Garmin: Finding its Bearings?](https://magic-markets.com/garmin-finding-its-bearings/) - Use the podcast player below to listen to our discussion on Garmin and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 24 November 2022) For more than three decades, Garmin has built an impressive business around products that use GPS to solve a problem. The company taps into global satellite systems
- [Magic Markets Ep103: Alternatives - The Wealth Management View](https://magic-markets.com/magic-markets-ep103-alternatives-the-wealth-management-view/) - Ever wanted to know what wealth managers think about alternative investments and how they are using them in clients' portfolios? Regular Magic Markets listeners have become familiar with the Westbrooke Alternative Asset Management team and the types of investments that they specialise in. This week, we look beyond the team to find out what independent wealth
- [Magic Markets Ep102: Themes in Big Tech](https://magic-markets.com/magic-markets-ep102-themes-in-big-tech/) - As the dust settles on the Big Tech earnings season, we look back on what we’ve learnt from covering the leading tech companies in Magic Markets Premium in the past year, including recent shows on Meta, Amazon and Apple. The fight for eyeballs is dominating this industry. The “attention economy” is lucrative and technology platforms
- [Amazon: Castles in the Cloud](https://magic-markets.com/amazon-castles-in-the-cloud/) - Use the podcast player below to listen to our discussion on Amazon and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 10 November 2022) What started out as “Earth’s Biggest Bookstore” is now estimated to have gross merchandise value ahead of Walmart, with a big chunk of sales from third-party sellers
- [Magic Markets Ep101: Compounding Dividends to Grow Wealth](https://magic-markets.com/magic-markets-ep101-compounding-dividends-to-grow-wealth/) - Magic Markets listeners are familiar with the wonderful team at AnBro Capital Investments. We regularly welcome Justine Brophy and Craig Antonie to the show to talk about the growth stocks in the Unicorn portfolio. In Episode 101 of Magic Markets, there’s exciting news from the team at AnBro. Chief Investment Officer, Craig Antonie joined us
- [Meta: Does It Get Better?](https://magic-markets.com/meta-does-it-get-better/) - Use the podcast player below to listen to our discussion on Meta and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 3 November 2022) 2.9 billion people every day. That’s how many warm bodies engage with a Meta product. This is one of the most powerful ecosystems in the world with
- [Magic Markets Ep100: Market Milestones](https://magic-markets.com/magic-markets-ep100-market-milestones/) - In our centenary show of Magic Markets, it was fitting to celebrate market milestones with a fellow entrepreneur in the market. In the Intellidex Top Securities Brokers in South Africa 2022 report, Herenya Capital Advisors was awarded 1st position as broker for the 'Traditional Investor archetype'. That wasn't all. The team also achieved 2nd position in
- [Netflix: The Sequel](https://magic-markets.com/netflix-the-sequel/) - Use the podcast player below to listen to our discussion on Netflix and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 27 October 2022) When we recap stocks we’ve previously covered, we usually recap at least two companies in one show. Netflix is an exception, as the model is changing and
- [Magic Markets Ep99: What's happening in the UK?](https://magic-markets.com/magic-markets-ep99-whats-happening-in-the-uk/) - In the latest episode with the team from Westbrooke Alternative Asset Management, Richard Asherson joined us from the UK to talk about market conditions on the ground. The UK has been extremely topical this year and macroeconomic challenges are felt in private and public markets. Apart from asking whether his money was on Liz or
- [Magic Markets Ep98: Answering Listeners' Questions](https://magic-markets.com/magic-markets-ep98-answering-listeners-questions/) - We love engaging with our audience on Magic Markets. This week, we asked on Twitter for people to send through their questions. Other than the classic “when moon?” for crypto (which we opted to ignore), there were great questions around our portfolio strategies and position sizing. We also answered fun questions like what we would
- [McCormick: Spicy balance sheet](https://magic-markets.com/mccormick-spicy-balance-sheet/) - Use the podcast player below to listen to our discussion on McCormick & Co and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 13 October 2022) As macrotrends go, the need to eat is a strong one. We will always need to eat and grocery stores aren’t going anywhere, even if
- [Magic Markets Ep97: Market Mistakes we all Make](https://magic-markets.com/magic-markets-ep97-market-mistakes-we-all-make/) - In this episode of Magic Markets, we decided to look at some of the common mistakes made by investors and traders in the market. We covered topics like: • Not knowing whether you are a natural trader, investor or hybrid of the two • The risks of not diversifying into different asset classes • The
- [Magic Markets Ep96: Looking to the Future](https://magic-markets.com/magic-markets-ep96-looking-to-the-future/) - One of the greatest challenges in the market is to maintain a cool head and a consistent strategy even when it feels like everything is against you. Clearly, this has been a terrible year for technology stocks. By focusing on the fundamental growth drivers rather than the share price movements, investors can identify the winners
- [Accenture: the perfect model?](https://magic-markets.com/accenture-the-perfect-model/) - Use the podcast player below to listen to our discussion on Accenture and its Q4’22 result, which accompanies the detailed write-up below: (Date of report: 6 October 2022) A sticky client is a great client. Accenture specialises in becoming so entrenched in the technology infrastructure of its clients that it is estimated to have 75%
- [Lennar: value in the cycle](https://magic-markets.com/lennar-value-in-the-cycle/) - Use the podcast player below to listen to our discussion on Lennar and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 29 September 2022) Rates are higher. The world is scared. A recession is on everyone’s mind. Yet, here we are, looking at a company that builds homes in the US.
- [Magic Markets Ep95: Money in a Bear Market](https://magic-markets.com/magic-markets-ep95-money-in-a-bear-market/) - One of the benefits of trading is that you can make money in a bear market, as long as you are either prepared to take short positions or wait for an elusive bear market rally. Those rallies can disappear as quickly as they arrived, taking many victims with them along the way. In this markets
- [Ferrari: Passion, Science and Purosangue](https://magic-markets.com/ferrari-passion-science-and-purosangue/) - Use the podcast player below to listen to our discussion on Ferrari and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 22 September 2022) Passion meets science. Racing meets business. A disastrous racing strategy meets the best road cars in the world. It can only be Ferrari, an enigma at times
- [Magic Markets Ep94: The Westbrooke Portfolio](https://magic-markets.com/magic-markets-ep94-the-westbrooke-portfolio/) - Alternative assets have been a key discussion point for us this year, as a means to diversify the portfolio as well as hedge against listed assets through achieving uncorrelated exposure. We’ve had a fantastic time learning about the various alternative asset strategies with Westbrooke. We've welcomed the team over several episodes since the first appearance
- [Magic Markets Ep93: Macro Markets Mayhem](https://magic-markets.com/magic-markets-ep93-macro-markets-mayhem/) - The US CPI print was slightly different to market expectations, though you would never say so based on the mayhem that ensued. The sell-off was brutal, hitting tech stocks the hardest. Risky assets (like the rand) also took a knock. In this episode, we discuss macroeconomic concepts not just around inflation in the US, but
- [Dick's Sporting Goods: Omnichannel is Ominous](https://magic-markets.com/dicks-sporting-goods-omnichannel-is-ominous/) - Use the podcast player below to listen to our discussion on Dick's Sporting Goods and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 15 September 2022) Dick’s Sporting Goods is the largest independent sporting goods chain in the US. The business has aged far better than its name, although it is
- [Caterpillar: Playing the Cycles](https://magic-markets.com/caterpillar-playing-the-cycles/) - Use the podcast player below to listen to our discussion on Caterpillar and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 8 September 2022) When it comes to iconic brands in the real economy, Caterpillar is right up there. You’ll even find it at your local toy store, getting kids excited
- [Magic Markets Ep92: Investing in the 'LatAm Blackstone'](https://magic-markets.com/magic-markets-ep92-investing-in-the-latam-blackstone/) - The team from AnBro Capital is back, this time with Craig Antonie joining us to discuss an interesting company in the Unicorn portfolio that has nothing to do with tech. That’s right – there’s more to Unicorn than just tech companies! Patria is thought of as the Blackstone of Latin America. This asset management business
- [Farfetch: or Farfetched?](https://magic-markets.com/farfetch-or-farfetched/) - Use the podcast player below to listen to our discussion on Farfetch and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 1 September 2022) For many, the closest they can get to the luxury goods industry is by being a shareholder rather than a consumer. We are talking about timepieces and
- [Magic Markets Ep91: Investing in Solar](https://magic-markets.com/magic-markets-ep91-investing-in-solar/) - In the investment equivalent of chasing the sun, we meet the team at Westbrooke responsible for the solar investment strategy. Clearly, this is an asset class that resonates with South Africans who are used to being in the dark. Ryan Rittoff and Saul Maserow are passionate about what they are doing. In typical Westbrooke fashion,
- [Magic Markets Ep90: The Herenya Portfolios](https://magic-markets.com/the-herenya-portfolios/) - In addition to the trading community that Herenya Capital Advisors is known for, founder Petri Redelinghuys and his team also manage portfolios on behalf of clients. We took the opportunity to dig into the portfolio holdings and discuss some of the companies and strategies included in the local and offshore portfolios. As the founder of
- [Recap: Disney and Netflix](https://magic-markets.com/recap-disney-and-netflix/) - Use the podcast player below to listen to our recap on Disney and Netflix, which accompanies the detailed write-up below: (Date of report: 24 August 2022) Recap shows are important in Magic Markets Premium. We strongly believe in a feedback loop and assessing our views and expectations against what actually happened. We always give it
- [Sysco: Top of the Food Chain](https://magic-markets.com/sysco-top-of-the-food-chain/) - Use the podcast player below to listen to our discussion on Sysco and its Q4’22 result, which accompanies the detailed write-up below: (Date of report: 17 August 2022) Sysco is a company you’ve likely never heard of unless you have friends in the restaurant industry in the US. This is effectively the Bidcorp equivalent in
- [Magic Markets Ep89: Unwrapping our Research Process](https://magic-markets.com/magic-markets-ep89-unwrapping-our-research-process/) - In Magic Markets Premium, we’ve developed a research process that we apply every week in analysing global stocks. In this episode, we give you insights into that process. We talk about the importance of forming a bull case and a bear case, as it forces you to challenge your view and question what might go
- [Recap: FedEx and Taiwan Semiconductor Company](https://magic-markets.com/recap-fedex-and-taiwan-semiconductor-company/) - Use the podcast player below to listen to our recap on FedEx and Taiwan Semiconductor Company, which accompanies the detailed write-up below: (Date of report: 10 August 2022) Recap shows are important in Magic Markets Premium. We strongly believe in a feedback loop and assessing our views and expectations against what actually happened. We always
- [Magic Markets Ep88: Growth is for stock pickers](https://magic-markets.com/magic-markets-ep88-growth-is-for-stock-pickers/) - In Episode 88 of Magic Markets, Justine Brophy of AnBro Capital Investments joined us to look back at the stocks that we talked about in Episode 80 with the AnBro team. The performance of those stocks has been strong, highlighting the importance of stock picking in a volatile and difficult market. Through this process, we
- [Alphabet: Time to Focus on Google](https://magic-markets.com/alphabet-time-to-focus-on-google/) - Use the podcast player below to listen to our discussion on Alphabet and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 3 August 2022) Alphabet, the parent company of Google, has been the fabric of the internet for as long as any of us can remember. All the buzzwords are now
- [Magic Markets Ep87: Investing in Mobile Home Parks](https://magic-markets.com/magic-markets-ep87-investing-in-mobile-home-parks/) - Investing in mobile home parks is a wonderful example of how far the definition of an alternative asset can be stretched. It sounds odd, yet when you dig into this asset, you’ll find that it is simply a different way of getting exposure to residential property. Westbrooke’s investments in this asset class have delivered strong
- [Twitter: Not Enough Accountants](https://magic-markets.com/twitter-not-enough-accountants/) - Use the podcast player below to listen to our discussion on Twitter and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 27 July 2022) When it comes to social media platforms, Twitter is an enigma. Those who use the platform generally love it. The world’s greatest minds are all on there.
- [Magic Markets Ep86: Trading DMA vs. OTC](https://magic-markets.com/magic-markets-ep86-trading-dma-vs-otc/) - The markets are a combination of art and science. Knowing the science is important, especially when it comes to the types of trades in the market and the differences between platforms. In this episode of Magic Markets, trading expert Petri Redelinghuys joins us to discuss concepts like trading DMA vs. OTC, stop-losses in forex vs.
- [JPMorgan Chase & Co: Bankers vs. Bears](https://magic-markets.com/jpmorgan-chase-co-bankers-vs-bears/) - Use the podcast player below to listen to our discussion on JP Morgan Chase & Co and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 20 July 2022) If you prefer adding the best of the best in each industry to your portfolio, then JPMorgan Chase & Co deserves your attention.
- [Magic Markets Ep85: US Earnings Season - July '22](https://magic-markets.com/magic-markets-ep85-us-earnings-season-july-22/) - It’s just the two of us on Episode 85, which gave us a great opportunity to talk about all kinds of things, really. We started off with macroeconomics because there’s just so much going on in that space. Inflation, interest rates and even copper are top of mind for traders and investors alike. This led
- [Levi's: Selling Jeans in a Gold Rush](https://magic-markets.com/levis-selling-jeans-in-a-gold-rush/) - Use the podcast player below to listen to our discussion on Levi Strauss & Co and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 13 July 2022) Levi Strauss was a Bavarian emigrant who arrived in San Francisco in 1850 during the gold rush. He sold the miners durable pants rather
- [Magic Markets Ep84: A First Half to Forget](https://magic-markets.com/magic-markets-ep84-a-first-half-to-forget/) - In the past six months, the markets weren’t a happy place. Whether you were in bonds or in stocks, you suffered. The bull and bear markets of 2020 - 2022 have been severe, driven by unprecedented levels of stimulus and macroeconomic volatility. In difficult times, it’s important to lift your head and (try to) shut
- [Walgreens Boots Alliance: Is Pharmacy Defensive?](https://magic-markets.com/walgreens-boots-alliance-is-pharmacy-defensive/) - Use the podcast player below to listen to our discussion on Walgreens Boots Alliance and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 6 July 2022) Walgreens Boots Alliance is a pharmacy retail group that sounds like a defensive play at first blush. But as we will explore in this podcast
- [Magic Markets Ep83: Tales from the Crypto](https://magic-markets.com/magic-markets-ep83-tales-from-the-crypto/) - The team from Future Forex is familiar to Magic Markets listeners. Those who have been taking advantage of crypto arbitrage have made a profit this year, something that not many people can say about their portfolios. By exploiting pricing differences in local and international markets, the team at Future Forex has built a powerful system
- [Electronic Arts: Big Gaming](https://magic-markets.com/electronic-arts-big-gaming/) - Use the podcast player below to listen to our discussion on Electronic Arts and its Q4’22 result, which accompanies the detailed write-up below: (Date of report: 29 June 2022) We like gaming as an investment theme. This attractive and growing industry appeals to the digital native generations who can only become more important consumers as time goes
- [Magic Markets Ep82: Stories from Traders](https://magic-markets.com/magic-markets-ep82-stories-from-traders/) - In all our discussions with Petri Redelinghuys, the founder of Herenya Capital Advisors, we’ve talked about the incredible community of traders that has been built within the business. A major drawcard to trading through Herenya is that you become part of a vibrant, supportive community of people who are on similar journeys. In this episode
- [Adobe: The Art of Tech](https://magic-markets.com/adobe-the-art-of-tech/) - Use the podcast player below to listen to our discussion on Adobe and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 22 June 2022) If you’ve ever hired a graphic designer or worked with a professional marketing team to design and run a campaign, we can almost guarantee that you’ve been
- [Magic Markets Ep81: Hybrid Capital](https://magic-markets.com/magic-markets-ep81-hybrid-capital/) - The talented finance professionals at Westbrooke Alternative Asset Management have been doing a wonderful job of educating the Magic Markets audience about asset classes like private debt and venture capital. In the latest show, we welcome Dino Zuccollo and Richard Asherson back to Magic Markets to discuss the concept of “hybrid capital” – a debt-led
- [PREMIUM: Nike - the Apple of apparel](https://magic-markets.com/premium-nike-the-apple-of-apparel/) - Use the podcast player below to listen to our discussion on Nike, which accompanies the detailed write-up below: http:// (Date of report: 18 October 2021, NKE price: $157.31) Beneath the Surface - things you need to remember When it comes to sport and athleisure, Nike is the champion brand. On the global stage, the famous
- [PREMIUM: US banking bonanza Q3'21](https://magic-markets.com/premium-us-banking-bonanza-q321/) - Use the podcast player below to listen to our discussion on the US banking bonanza of Q3'21, which accompanies the detailed write-up below: (Date of report: 28 October 2021) Beneath the Surface - things you need to remember The land of the free, the home of the brave and the economy of the highly stimulated.
- [PREMIUM: Microsoft - The world's computer (Q1'22)](https://magic-markets.com/premium-microsoft-the-worlds-computer-q122/) - Use the podcast player below to listen to our discussion on Microsoft and its Q1'22 result, which accompanies the detailed write-up below: (Date of report: 3 November 2021) Beneath the Surface - things you need to remember The world's computer Go on, we dare you. Make it through a day without using a Microsoft product.
- [PREMIUM: Etsy - the Sunday market online](https://magic-markets.com/premium-etsy-flamingos-to-free-cash-flows/) - Use the podcast player below to listen to our discussion on Etsy and its Q3’21 result, which accompanies the detailed write-up below: (Date of report: 11 November 2021) It’s the Sunday market, just on the internet. It's a way to click-a-creator and buy something special for your home or a loved one. That’s probably the
- [PREMIUM: Monster Beverage Corp: Can the price run out of energy?](https://magic-markets.com/monster-beverage-corp-can-the-price-run-out-of-energy/) - Use the podcast player below to listen to our discussion on Monster and its Q3’21 result, which accompanies the detailed write-up below: (Date of report: 17 November 2021) In news that may shock you, one of the best-performing companies in the S&P 500 index in recent decades is an energy drink started by two South
- [PREMIUM: Intuit - is there enough blue sky?](https://magic-markets.com/premium-intuit-is-there-enough-blue-sky/) - Use the podcast player below to listen to our discussion on Intuit and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 24 November 2021) Offering accounting and tax software isn't the sexiest business model in the world. Intuit certainly isn't Monster, both of which are household names that offer exciting products.
- [PREMIUM: Ford - the EV dark horse](https://magic-markets.com/premium-ford-the-ev-dark-horse/) - Use the podcast player below to listen to our discussion on Ford and its Q3’21 result, which accompanies the detailed write-up below: (Date of report: 1 December 2021) "And we'll have fun fun fun 'til her Daddy takes the T-bird away" sang The Beach Boys in 1964. For classic car enthusiasts, the 60s represented a
- [PREMIUM: VISA - on the rails](https://magic-markets.com/premium-visa-on-the-rails/) - Use the podcast player below to listen to our discussion on Visa and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 8 December 2021) Bigger than the banks. If you remember nothing else, remember this point. Visa was incubated in Bank of America in the 1950s. The bank simply mailed credit
- [PREMIUM: Disney - investment magic](https://magic-markets.com/premium-disney-investment-magic/) - Use the podcast player below to listen to our discussion on Disney and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 15 December 2021) The House of Mouse is surely one of the world's most adored businesses. Despite this, few realise just how complicated this group is. In addition to Mickey,
- [PREMIUM: Nestle - Escaping JAWS](https://magic-markets.com/premium-nestle-escaping-jaws/) - Use the podcast player below to listen to our discussion on Nestle and its Q3’21 result, which accompanies the detailed write-up below: (Date of report: 22 December 2021) Nestle has been under new leadership since 2017 and is a prime example of a lumbering giant that needed to become sharper and more efficient. FMCG and
- [PREMIUM: FedEx - Packages in the pandemic](https://magic-markets.com/premium-fedex-packages-in-the-pandemic/) - Use the podcast player below to listen to our discussion on FedEx and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 12 January 2022) FedEx has been building the world's largest express transportation company for five decades. It connects more than 220 countries and territories, covering 99% of the world's GDP.
- [PREMIUM: Taiwan Semiconductor Company - cyclical or secular?](https://magic-markets.com/premium-taiwan-semiconductor-company-cyclical-or-secular/) - Use the podcast player below to listen to our discussion on Taiwan Semiconductor Company (TSMC) and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 19 January 2022) The megatrends are clear. The world is more digital then ever before and digitalisation isn't likely to slow down. Chips may well be the
- [PREMIUM: Netflix - a media company](https://magic-markets.com/premium-netflix-a-media-company/) - Use the podcast player below to listen to our discussion on Netflix and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 26 January 2022) It's not every day that one of the most popular companies in the world sheds a quarter of its market cap in a single day. Toddler Ghost
- [PREMIUM: Tesla - a car company(?)](https://magic-markets.com/premium-tesla-a-car-company/) - Use the podcast player below to listen to our discussion on Tesla and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 2 February 2022) Tesla is about the storyboard, not the scoreboard. The recent financial results are important of course, but Tesla bulls are in this stock because of what the
- [PREMIUM: Meta - finally a value stock?](https://magic-markets.com/premium-meta-finally-a-value-stock/) - Use the podcast player below to listen to our discussion on Meta and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 9 February 2022) We've written before in the Taiwan Semiconductor Company report that chips may well be the new oil. There's an argument to be made that data is even
- [PepsiCo: Ready for inflation](https://magic-markets.com/pepsico-ready-for-inflation/) - Use the podcast player below to listen to our discussion on PepsiCo and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 16 February 2022) Cognitive biases are dangerous. South Africans aren't terribly familiar with Pepsi as a drink, so our subscribers in our home country tend to skip over PepsiCo in
- [Hyatt: Room(s) for growth](https://magic-markets.com/hyatt-rooms-for-growth/) - Use the podcast player below to listen to our discussion on Hyatt and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 23 February 2022) The hospitality and tourism industry really bore the brunt of Covid-19 and the associated lockdowns implemented across the globe. This was a war fought without guns, as
- [Lockheed Martin: On the radar](https://magic-markets.com/lockheed-martin-on-the-radar/) - Use the podcast player below to listen to our discussion on Lockheed Martin and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 2 March 2022) The jets fly off the radar, thanks to cutting-edge stealth technology. For investors, Lockheed Martin is firmly on the radar. We live in a very disturbing
- [Zoom: A Verb](https://magic-markets.com/zoom-a-verb/) - Use the podcast player below to listen to our discussion on Zoom and its Q4’22 result, which accompanies the detailed write-up below: (Date of report: 9 March 2022) Zoom has become a verb - the ultimate marketing win for any brand! The pandemic turbocharged the business and made Zoom into a household name. As the
- [Hasbro: Play Hard, Invest Harder](https://magic-markets.com/hasbro-play-hard-invest-harder/) - Use the podcast player below to listen to our discussion on Hasbro and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 16 March 2022) Play hard, invest harder! Selling toys is a serious business. There’s far more to Hasbro than plastic Star Wars or My Little Pony toys. With a movie
- [Starbucks: Triple Espresso](https://magic-markets.com/starbucks-triple-espresso/) - Use the podcast player below to listen to our discussion on Starbucks and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 23 March 2022) Americans are really good at building global brands. There are coffee shops everywhere in the world, yet Starbucks is the only truly global coffee brand that is
- [Lululemon: sweating its assets](https://magic-markets.com/lululemon-sweating-its-assets/) - Use the podcast player below to listen to our discussion on Lululemon and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 6 April 2022) Not many companies are credited with inventing a new product category. Lululemon is one of them, taking yoga pants from the studio to the coffee shop. Athleisure
- [Costco: can big box stay relevant?](https://magic-markets.com/costco-can-big-box-stay-relevant/) - Use the podcast player below to listen to our discussion on Costco and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 13 April 2022) Costco is the ultimate warehouse club model. You can't shop there unless you are a member, which means you're paying at least $60 per year (or $120
- [Delta Air Lines: a share price out of runway?](https://magic-markets.com/delta-air-lines-a-share-price-out-of-runway/) - Use the podcast player below to listen to our discussion on Delta Air Lines and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 20 April 2022) You know the old joke: you become a millionaire in the airline industry by starting out as a billionaire! There's a lot of truth said
- [AT&T: cash cow or value trap?](https://magic-markets.com/att-cash-cow-or-value-trap/) - Use the podcast player below to listen to our discussion on AT&T and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 27 April 2022) There are two types of telecoms companies in the world: the steady, boring ones that stick to their core businesses and the ones who try to be
- [Recap: Microsoft, Nike and Etsy](https://magic-markets.com/recap-microsoft-nike-and-etsy/) - Use the podcast player below to listen to our recap on Microsoft, Nike and Etsy, which accompanies the detailed write-up below: (Date of report: 4 May 2022) A successful investing or trading strategy is all about forming a view, executing on that view and then analysing what actually happened in the market. This feedback loop
- [Walmart: It's all in the mix](https://magic-markets.com/walmart-its-all-in-the-mix/) - Use the podcast player below to listen to our discussion on Walmart and its Q1’23 result, which accompanies the detailed write-up below: (Date of report: 26 May 2022) With the share price down 15% this year and 22% in the past month, Walmart hasn't been spared in this sell-off. The shocking thing about this is
- [Airbnb: The travel swing](https://magic-markets.com/airbnb-the-travel-swing/) - Use the podcast player below to listen to our discussion on Airbnb and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 1 June 2022) Airbnb is about so much more than sharing someone’s apartment in New York. The company was born in the Global Financial Crisis and has survived Covid, confirming
- [Magic Markets Ep80: Hot Stocks vs. Hot Air](https://magic-markets.com/magic-markets-ep80-hot-stocks-vs-hot-air/) - In growth investing, you’re often buying a piece of technology that has the potential to become a wonderfully profitable commercial operation. Sometimes, these businesses aren’t profitable yet. This creates a different risk profile for investors vs. value stocks, which investors look to for near-term cash flows. The investment styles are different and so the approach
- [Recap: Disney and Visa](https://magic-markets.com/recap-disney-and-visa/) - Use the podcast player below to listen to our recap on Disney and Visa, which accompanies the detailed write-up below: (Date of report: 15 June 2022) A successful investing or trading strategy is all about forming a view, executing on that view and then analysing what actually happened in the market. This feedback loop is
- [Magic Markets Ep79: Three Burning Questions](https://magic-markets.com/magic-markets-ep79-three-burning-questions/) - The Finance Ghost and Mohammed Nalla decided to ask each other three burning questions on this show. To give you a taste of what we discussed: How do you reconcile bottom-up analysis with what the market is telling you? How has Magic Markets Premium impacted your appetite for global vs. local stocks? What have been
- [Karooooo: Broken wings](https://magic-markets.com/karooooo-broken-wings/) - Use the podcast player below to listen to our discussion on Karooooo and its Q4’22 result, which accompanies the detailed write-up below: (Date of report: 8 June 2022) At the request of our subscribers, Karooooo is the first JSE-listed company we have covered in Magic Markets Premium. The group is also listed on the Nasdaq
- [Magic Markets Ep78: A sneak peak at Premium](https://magic-markets.com/magic-markets-ep78-a-sneak-peak-at-premium/) - With 31 Premium shows behind us, we’ve learnt so much from our detailed research on global stocks. For example, we now know that Lululemon has an incredibly strong brand and direct-to-consumer strategy, with the next results due on 2nd June. We’ve also covered brands like Nike and Starbucks, which have had a tough time recently.
- [Magic Markets Ep77: Surviving bear markets](https://magic-markets.com/magic-markets-ep77-surviving-bear-markets/) - Bear markets aren’t easy. Those following long-term strategies watch their portfolio values take a dive. Traders can do really well in a time of heightened volatility, but the risks are higher too. With Petri Redelinghuys of Herenya Capital Advisors, we explore some of the techniques required to survive a bear market. We also talked about
- [Simon Property Group: A place to hide?](https://magic-markets.com/simon-property-group-a-place-to-hide/) - Use the podcast player below to listen to our discussion on Simon Property Group and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 19 May 2022) Inflation is on a rampage and taking markets with it. There's a bloodbath everywhere you look. We've been almost entirely bearish on the valuations of
- [Magic Markets Ep76: Private Equity - there's more to investing](https://magic-markets.com/magic-markets-ep76-private-equity-theres-more-to-investing/) - On the equity investment spectrum from venture capital at one end to public markets at the other, private equity occupies a vast area in the middle. A successful private equity strategy is a hybrid of those concepts, with venture capital influences like growth and scale and public market influences like strong cash flows and solid
- [Magic Markets Ep75: Investing in Biotech](https://magic-markets.com/magic-markets-ep75-investing-in-biotech/) - This week, we invited AnBro Capital back to pick their brains on biotech stocks. It’s an exciting space and Justiné Brophy, co-founder of AnBro, joins us this time around. We kick off on the woes currently facing growth stocks and move into a detailed discussion on some of the most exciting ideas and opportunities the
- [Shopify: $SHOP can still drop](https://magic-markets.com/shopify-shop-can-still-drop/) - Use the podcast player below to listen to our discussion on Shopify and its Q1’22 result, which accompanies the detailed write-up below: (Date of report: 12 May 2022) Like Intuit, Etsy and other platforms aimed at creators and entrepreneurs, Shopify is a platform that hopes to be the shovel in the gold rush. The challenge
- [Magic Markets Ep74: Ukraine: a view from Eastern Europe](https://magic-markets.com/magic-markets-ep74-ukraine-a-view-from-eastern-europe/) - Andries Retief is a South African living in Poland who runs DHL’s Central and Eastern Europe business. This gives him incredible insights into the global supply chain challenges that are plaguing so many businesses and industries at the moment. It also puts him right at the coalface of the war in Ukraine, with Polish borders
- [Recap: Monster, Intuit and Ford](https://magic-markets.com/recap-monster-intuit-and-ford/) - Use the podcast player below to listen to our recap on Monster, Intuit and Ford, which accompanies the detailed write-up below: (Date of report: 30 March 2022) Feedback loops are so important. In any successful trading or investing strategy, you need to form a view, execute based on that view and then assess whether you
- [Magic Markets Ep73: (Ad)Venture Capital](https://magic-markets.com/magic-markets-ep73-adventure-capital/) - In the latest learning opportunity with the team from Westbrooke Alternative Asset Management, we welcomed Dino Zuccollo and venture capital expert James Lightbody to the show. Westbrooke’s venture capital strategies take advantage of early-stage investment opportunities with a global flavour, giving investors access to an asset class that is otherwise difficult to gain exposure to.
- [Magic Markets Ep72: Taking Stock with Petri - April 2022](https://magic-markets.com/magic-markets-ep72-taking-stock-with-petri-april-2022/) - Petri Redelinghuys is a regular on Magic Markets and with good reason. As the founder of Herenya Capital Advisors, he spends his days actively trading the market and engaging with Herenya’s community of day traders, swing traders and investors. In Episode 72 of Magic Markets, he joined us to discuss his energy positions, the use
- [Magic Markets Ep71: Investing in Disruptors](https://magic-markets.com/magic-markets-ep71-investing-in-disruptors/) - Growth. Value. Commodities. These cycles ebb and flow, with investors needing to keep a level head and clarity of thought around a long-term wealth creation strategy. In a modern world that is rapidly changing thanks to technology, not allocating a portion of a portfolio to disruptors is a mistake. With Craig Antonie from AnBro Capital
- [Magic Markets Ep70: Crypto Arbitrage Update](https://magic-markets.com/magic-markets-ep70-crypto-arbitrage-update/) - Long-standing Magic Markets listeners will know the Future Forex team. They introduced the concept of crypto arbitrage to us, a process of making profits on Bitcoin pricing differences between South Africa and offshore. Instead of taking a view on Bitcoin itself, this allows you to generate arbitrage profits and enjoy an interesting and potentially lucrative
- [Magic Markets Ep69: Investing in private debt](https://magic-markets.com/magic-markets-ep69-investing-in-private-debt/) - You’ve gotten to know Dino Zuccollo from Westbrooke Alternative Asset Management over the past couple of months. In Episode 69 of Magic Markets, we meet more of the team members, welcoming Jonti Osher and Richard Asherson to the show to delve into the fascinating world of private debt investments. Together with the Westbrooke team, we
- [Magic Markets Ep68: Burgers and fairy tales](https://magic-markets.com/magic-markets-ep68-burgers-and-fairytales/) - Burgers and fairy tales. These are the things that people like to invest in. No, really. In this episode of Magic Markets, we take a step back and discuss two investment themes that we find interesting. The first is the quick-service restaurant (QSR) industry, which commands premium valuations in markets across the world. There are
- [Magic Markets Ep67: Investing in tough places](https://magic-markets.com/magic-markets-ep67-investing-in-tough-places/) - Like moths drawn to a flame, some investors cannot help but choose strategies with a high risk/reward trade-off. Omid Gholamifar is one such investor. Born in Iran and having spent a great deal of time in Sweden, he has dedicated himself to uncovering investment gems in his country of birth. Through Serkland Invest, Omid is
- [Magic Markets Ep66: Strong opinions, loosely held](https://magic-markets.com/magic-markets-ep66-strong-opinions-loosely-held/) - Herenya is a name you’ve heard before on Magic Markets. Considering they have a strong trading community and a focus on supporting and developing traders (and investors for that matter), we love working with the team from Herenya. Founder Petri Redelinghuys will be joining us every month to discuss the trends he’s seeing in the
- [Magic Markets Ep65: There's value in growth](https://magic-markets.com/magic-markets-ep65-theres-value-in-growth/) - Craig Antonie of AnBro Capital Investments has joined us before on Magic Markets. In Episode 11 (February 2021), we learnt about his approach to growth investing. In May 2021, he joined us again on Episode 27 to unpack the sell-off in growth stocks at the time and whether this changed his approach (it didn’t –
- [Magic Markets Ep64: It's a stock picker's market](https://magic-markets.com/magic-markets-ep64-its-a-stock-pickers-market/) - 2022 is clearly a stock picker’s market. The days of throwing darts and making money are behind us. With that in mind, the hosts decided to talk through some of the current themes in the market and what it means for their portfolios. Covering a wide variety of topics ranging from Russia and Barloworld through
- [Magic Markets Ep63: Balancing balance sheets](https://magic-markets.com/magic-markets-ep63-balancing-balance-sheets/) - We are thrilled to have Westbrooke Alternative Asset Management as a brand partner to Magic Markets. With over R8 billion in assets under management across South Africa, the UK and the USA, Westbrooke provides a unique gateway to the world of alternative investments. Dino Zuccollo (Head of Product Development and Distribution at Westbrooke) first joined
- [Magic Markets Ep62: Afrimat - a track record as Hotazel](https://magic-markets.com/magic-markets-ep62-afrimat-a-track-record-as-hotazel/) - With a share price and earnings track record that puts most companies to shame, Afrimat is widely regarded as a company with excellent capital allocation discipline and focused strategic execution. Starting in the construction industry, Afrimat has evolved into a strong mid-tier miner. Afrimat’s secret lies in owning a diversified portfolio of counter-cyclical businesses. The
- [Magic Markets Ep61: The Fed flip-flop](https://magic-markets.com/magic-markets-ep61-the-fed-flip-flop/) - Stock-picking is a fun game that we all like to play. Here’s the thing: if you don’t keep an eye on the macro environment, then you don’t know which stream your stock fish are swimming in and how strong the current is. No matter where in the world you invest, your performance will be impacted
- [Magic Markets Ep60: Performance of our Premium picks and puts](https://magic-markets.com/magic-markets-ep60-performance-of-our-premium-picks-and-puts/) - Magic Markets Premium has been around for just over three months now. In that time, we’ve looked at a number of incredibly interesting global stocks. We decided to reflect on the conclusions we reached on some of the earlier shows and how things have played out in the market. A feedback loop is critical to
- [Magic Markets Ep59: The Westbrooke Alternative](https://magic-markets.com/magic-markets-ep59-the-westbrooke-alternative/) - We are thrilled to welcome Westbrooke Alternative Asset Management as a brand partner to Magic Markets. With over R8 billion in assets under management across South Africa, the UK and the USA, Westbrooke provides a unique gateway to the world of alternative investments. This is a fascinating space including assets like private debt, hybrid capital,
- [Magic Markets Ep58: The Willet Show](https://magic-markets.com/magic-markets-ep58-the-willet-show/) - Willet Maseko is a long-time listener and was the first subscriber to Magic Markets Premium. When he offered us the opportunity to turn the tables and be interviewed on our own podcast, we couldn’t resist! Willet asked us about how we identify companies for investment, our thoughts around key themes this year and the behind-the-scenes
- [Magic Markets Ep57: Our 2021 Winners and Losers](https://magic-markets.com/magic-markets-ep57-our-2021-winners-and-losers/) - The final show of the year is always an opportunity to reflect on what did and didn't work in our portfolios. At Magic Markets, we value transparency and we focus on creating a shared learning environment, which means we highlight our mistakes instead of hiding them. Of course, there were also some great outcomes this
- [Magic Markets Ep56: Themes from our Deep Dives](https://magic-markets.com/magic-markets-ep56-themes-from-our-deep-dives/) - With eight Magic Markets Premium shows behind us and a ninth dropping this week, we took the opportunity to reflect on the themes coming through from these deep dives. In Episode 56, we discussed some of our key learnings on each of the companies we have covered. We have done detailed research on Nike, US
- [Magic Markets Ep55: The Supply Chain Expert](https://magic-markets.com/magic-markets-ep55-the-supply-chain-expert/) - Andries Retief is the CEO of Central and Eastern Europe for DHL. He is also a Magic Markets Premium subscriber, so we know that he’s a man of impeccable taste. He’s currently right in the thick of the most topical industry in the world right now: supply chain. Building on our previous discussions on Supply
- [Magic Markets Ep54: Oh-My-Cron!](https://magic-markets.com/magic-markets-ep54-oh-my-cron/) - In Episode 54 of Magic Markets, there’s a new variant in town. And that means that the gap between the haves and the have-nots will just get bigger. As the world decided to ostracise South Africa instead of supporting the country, it was another reminder of how this virus has widened the wealth gap. As
- [Magic Markets Ep53: Bad Balance Sheets](https://magic-markets.com/magic-markets-ep53-bad-balance-sheets/) - In Episode 53 of Magic Markets, we kicked things off with a brief discussion on Jerome Powell (who is now apparently considered “hawkish”) and the Turkish Lira, which is rather broken. We then moved from fiscal balance sheets to company balance sheets. In particular, we explored what happens when bad balance sheets happen to good
- [Magic Markets Ep52: Q3 Revenue and Cyclicals](https://magic-markets.com/magic-markets-ep52-q3-revenue-and-cyclicals/) - After a flurry of international guests on Magic Markets, hosts The Finance Ghost and Mohammed Nalla take a breather for the one-year anniversary of Magic Markets and hang out with each other for a change. Of course, markets are always on the menu, so the hosts decided to discuss some of the important trends in
- [Magic Markets Ep51: Foreign Investment in SA](https://magic-markets.com/magic-markets-ep51-foreign-investment-in-sa/) - Natale Labia is a South African living in Italy (Milan, to be exact) and so he brings a European perspective to the show. As an ex-South African banker, Natale is familiar with our market. He applies that expertise in his role as a partner at Lionhead Capital, where he is Head of Macro Strategy and
- [Magic Markets Ep50: Competition Commission](https://magic-markets.com/magic-markets-ep50-competition-commission/) - After the controversy around Grand Parade’s efforts to sell Burger King South Africa to a private equity fund, the Competition Commission became even more topical for investors. South Africa is a somewhat unique environment, with public interest considerations creating the risk of unpleasant outcomes in deals. Internationally, antitrust legislation and regulatory policy can make a
- [Magic Markets Ep49: Heroes and Net Zeroes](https://magic-markets.com/magic-markets-ep49-heroes-and-net-zeroes/) - There’s nothing more topical than ESG and climate change. There’s also nothing more complicated and politically sensitive on the global stage. With COP 26 taking place soon in Glasgow, everyone is focused on ESG. We are seeing this in the markets, in corporate strategies and in asset management products. To help us make sense of
- [Magic Markets Ep48: Crypto Arbitrage Update](https://magic-markets.com/magic-markets-ep48-crypto-arbitrage-update/) - With the help of Future Forex CEO Harry Scherzer, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) unpack the opportunities of crypto arbitrage as well as the latest news in the crypto space. Yes, we even bravely discuss NFTs! Not for terribly long, though. Due to South African capital controls, significant price inefficiencies exist in
- [Magic Markets Ep47: Supply Chain Pressures](https://magic-markets.com/magic-markets-ep47-supply-chain-pressures/) - With supply chains around the world clogged up and companies scrambling to navigate their way through the mess, there have been clear winners in the process like Grindrod Shipping. Is it wise to chase those winners, or to look for the companies that are ready to pounce once the supply chains catch up to demand?
- [Magic Markets Ep46: M&A – Cash vs. Share Deals](https://magic-markets.com/magic-markets-ep46-ma-cash-vs-share-deals/) - In Episode 46 of Magic Markets, The Finance Ghost and Mohammed Nalla take a break from trading-related concepts to talk about another critical part of the financial markets ecosystem: mergers and acquisitions. The recent Zoom – Five9 transaction is a great case study, mainly because it fell over in the end. Zoom tried to do
- [Magic Markets Ep45: Dare to Day Trade](https://magic-markets.com/magic-markets-ep45-dare-to-day-trade/) - In the final episode of #HerenyaSeptember, Petri Redelinghuys invites fellow Herenya trader Jonathan onto the show to answer questions about the mystical art of day trading. Does he ever go to the bathroom? Does he make money? Can anyone do it? We unpack this and more in Episode 45 of Magic Markets. This podcast is brought to
- [Magic Markets Ep44: Ask Herenya Part 2](https://magic-markets.com/magic-markets-ep44-ask-herenya-part-2/) - This is the third episode of #HerenyaSeptember, a month of Magic Markets podcasts dedicated to trading techniques and the psychology behind them. Petri Redelinghuys of Herenya Capital Advisors joins us once more to respond to questions posed by listeners over the course of the past few weeks. We deal with questions like: What does he consider
- [Magic Markets Ep43: Ask Herenya Part 1](https://magic-markets.com/magic-markets-ep43-ask-herenya-part-1/) - This is the second episode of #HerenyaSeptember, a month of Magic Markets podcasts dedicated to trading techniques and the psychology behind them. Petri Redelinghuys of Herenya Capital Advisors joins us once more to respond to questions posed by listeners over the course of the week. We deal with questions like: What are the characteristics of a great trader? How
- [Magic Markets Ep42: Herenya September](https://magic-markets.com/magic-markets-ep42-herenya-september/) - It's time for #HerenyaSeptember with the brilliant Petri Redelinghuys of Herenya Capital Advisors. This month, Herenya comes on board as a brand partner. We will spend September focusing on the nuts and bolts of trading, along with the realities and the risks involved. In the first show, we discuss the trading community that Petri and
- [Magic Markets Ep40: The ETF Expert](https://magic-markets.com/magic-markets-ep40-the-etf-expert/) - The leading ETF expert in South Africa is Nerina Visser. Magic Markets hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) had the pleasure of hosting her on Magic Markets in Episode 4 and they were excited to welcome her back for Episode 40! In this show, some of the more technical elements of ETFs and ETNs are discussed. For
- [Magic Markets Ep41: Commodity Economy](https://magic-markets.com/magic-markets-ep41-commodity-economy/) - The commodity economy is playing out in front of our very eyes, not just in South Africa but in other important African jurisdictions as well. The obvious impact is on mining companies themselves, but there are other South African companies that have benefitted along the way, like MTN. In an inflationary environment where Fed Chair
- [Magic Markets Ep39: How we use ETFs](https://magic-markets.com/magic-markets-ep39-how-we-use-etfs/) - Exchange Traded Funds (ETFs) are thought of as passive investment tools, although this isn't always the case. In Episode 39, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) unpack more exotic examples of ETFs, which can include swaps and other mechanisms to achieve interesting outcomes. The hosts also debate how they use ETFs in their own portfolios, adding general
- [Magic Markets Ep38: Corsair, Callaway, McKesson and Moderna](https://magic-markets.com/magic-markets-ep38-corsair-callaway-mckesson-and-moderna/) - In Episode 38 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) each chose two interesting US-listed stocks for discussion. These aren't stock picks in the traditional sense, but are rather companies that provide great learning opportunities about the market. The Finance Ghost chose gaming hardware company Corsair ($CRSR) and golf business Callaway
- [Magic Markets Ep37: Satrix Responds to our Criticism](https://magic-markets.com/magic-markets-ep37-satrix-responds-to-our-criticism/) - In Episode 35 of Magic Markets, we briefly discussed the new Satrix Inclusion and Diversity ETF and what we felt were its shortcomings. The Satrix team subsequently reached out and offered to appear on Magic Markets to answer our questions and respond to our criticisms. Siyabulela Nomoyi, Quantitative Portfolio Manager at Satrix, joined us for Episode 37
- [Magic Markets Ep36: Overweight Food](https://magic-markets.com/magic-markets-ep36-overweight-food/) - The quick-service restaurant (QSR) sector has been a clear winner globally under lockdown conditions. When you're worried about catching a virus, a pizza served to your car window is more appealing than a sit-down restaurant. The Domino's and Chipotle share prices have increased sharply. However, the threat of food delivery apps cannot be ignored, as
- [Magic Markets Ep3: Touch my junk (bonds)](https://magic-markets.com/magic-markets-ep3-touch-my-junk-bonds/) - In the third episode of Magic Markets, we ask you to touch our junk. Well, our junk bonds. To be more precise, we unpack the role of ratings agencies and why investors use them to rate government and corporate bonds. Join The Finance Ghost and Mohammed Nalla of Moe-Knows.com as we answer these questions: What
- [Magic Markets Ep1: Rollin' with the Rand](https://magic-markets.com/magic-markets-ep1-rollin-with-the-rand/) - Mohammed Nalla is one of the most highly respected macroeconomic market analysts to emerge from South Africa. He's launched Moe-Knows, a macroeconomics knowledge platform. Now living in Canada, he layers a global perspective on top of his emerging markets expertise. Together, The Finance Ghost and Moe-Knows have multiple years of experience across practically every asset
- [Magic Markets Ep 2: China's Electrical Storm](https://magic-markets.com/magic-markets-ep-2-chinas-electrical-storm/) - Mohammed Nalla is one of the most highly respected macroeconomic market analysts to emerge from South Africa. He’s launched Moe-Knows, a macroeconomics knowledge platform. Now living in Canada, he layers a global perspective on top of his emerging markets expertise. Together, The Finance Ghost and Moe-Knows have multiple years of experience across practically every asset class.
- [Magic Markets Ep4: Pension Tension (with Nerina Visser)](https://magic-markets.com/magic-markets-ep4-pension-tension-with-nerina-visser/) - The Finance Ghost and Mohammed Nalla (Moe-Knows) welcome their first guest to the Magic Markets podcast: Nerina Visser. Nerina is a highly respected expert in South African financial markets, with a particular focus on ETFs. She is also the President of the CFA Society of South Africa. In this episode, the three protagonists debate the
- [Magic Markets Ep5: GDP - we shake the tree](https://magic-markets.com/magic-markets-ep5-gdp-we-shake-the-tree/) - All great startups must evolve with time and Magic Markets is no different. We've decided to do two shows per week, because there's so much to talk about and we are having a lot of fun This also means that each episode will be shorter, which means you'll find it easier to find a gap
- [Magic Markets Ep6: Sustainable Investing](https://magic-markets.com/magic-markets-ep6-sustainable-investing/) - We aren't going to even entertain the thought of denying that there's a global emergency for humans to find a more sustainable way to exist on this planet. That doesn't just drive an imperative for corporate leaders to think about climate change and sustainability; it creates investment opportunities as well. In the final Magic Markets
- [Magic Markets Ep7: 2021 Preview](https://magic-markets.com/magic-markets-ep7-2021-preview/) - The Finance Ghost and Mohammed Nalla (Moe-Knows) are back! In the opening episode of 2021, we touch on what worked and didn't work in our respective portfolios in 2020. We also talk about changes we've made for 2021 to position ourselves for latest market conditions, especially against a backdrop of second wave lockdowns. http://
- [Magic Markets Ep8: Our Crypto-nite](https://magic-markets.com/magic-markets-ep8-our-crypto-nite/) - The world of investments is dynamic and ever-changing. Industries rise and fall. So do asset classes. The base principles remain the same though, especially regarding diversification and a need to do your research before investing. With this in mind, we felt it would be wrong to completely ignore the world of cryptoassets. Although we are
- [Magic Markets Ep9: MMT and Inflation](https://magic-markets.com/magic-markets-ep9-mmt-and-inflation/) - In Episode 9 of Magic Markets, The Finance Ghost and Mohammed Nalla (Moe-Knows) discuss Modern Monetary Theory (MMT), an economic framework that been received a great deal of attention in the media. They also discuss inflation, interest rates and how these concepts interact in the markets. http://
- [Magic Markets Ep10: Losing their Shorts](https://magic-markets.com/magic-markets-ep10-losing-their-shorts/) - In Episode 10 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) get stuck in on the most exciting few days in the market that we've ever seen. Everyone is talking about the short squeeze strategy, WallStreetBets and GameStop, but what is actually going on here? What is short selling? How does it
- [Magic Markets Ep11: Tech Truffles and Unicorns](https://magic-markets.com/magic-markets-ep11-tech-truffles-and-unicorns/) - In Episode 11 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) go on a search for truffles - tech truffles! Oh, and unicorns. With the assistance of special guest (and stock-picking expert) Craig Antonie, the hosts unpack a simple framework to help identify the winning companies of tomorrow. There's also a discussion
- [Magic Markets Ep12: VIX, not Vicks](https://magic-markets.com/magic-markets-ep12-vix-not-vicks/) - The Finance Ghost and Mohammed Nalla (Moe-Knows) discuss some of the macro ratios that can be used in assessing whether the market is experiencing a general feeling of fear or greed. With an understanding of high-level tools like the lumber-to-gold ratio or a reading of the VIX, investors and traders can try to time their
- [Magic Markets Ep13: Disney vs. Netflix](https://magic-markets.com/magic-markets-ep13-disney-vs-netflix/) - It's an investment rumble in the jungle, as the House of Mouse takes on Netflix. Although Netflix gets all the credit for being a techy platform company (and included in the FAANG group), Disney+ already has nearly 100 million subscribers vs. just over 200 million at Netflix. Of course, there's so much more to Disney
- [Magic Markets Ep14: SA the Fiscal Cockroach](https://magic-markets.com/magic-markets-ep14-sa-the-fiscal-cockroach/) - The Finance Ghost and Mohammed Nalla take their signature unconventional approach to Budget Speech 2021. Despite all the challenges, South Africa somehow manages to find a way to get through. Dubbing South Africa the "Fiscal Cockroach" - a term of endearment in case you aren't sure - the hosts take a balanced approach to the
- [Magic Markets Ep15: The Yield Curve-ball](https://magic-markets.com/magic-markets-ep15-the-yield-curve-ball/) - In Episode 15 of Magic Markets, The Yield Curve-ball, The Finance Ghost and Mohammed Nalla (moe-knows.com) discuss the impact of a steepening US Treasuries curve and what it all means. Topics discussed include: The basics of bonds Corporate vs. government bonds Whether bonds are good investments The impact of the yield curve on equity valuations Impact
- [Magic Markets Ep16: SPAC Attack](https://magic-markets.com/magic-markets-ep16-spac-attack/) - The Finance Ghost and Mohammed Nalla (Moe-Knows) have an in-depth discussion on the SPAC (Special Purpose Acquisition Company) phenomenon in the US markets. The concept of a SPAC has been around in South Africa for several years but only a few companies came to market in this way. In contrast, the US market is now
- [Magic Markets Ep17: Trading the Scandals](https://magic-markets.com/magic-markets-ep17-trading-the-scandals/) - Corporate governance failures. Frauds. Accounting misstatements. A “hole in the balance sheet” – unfortunately, these breakdowns in trust happen on the market. When they do, the repercussions are severe not just for shareholders in the company in question, but potentially for the market as a whole. Have you noticed that JSE corporates are doing fewer
- [Magic Markets Ep18: Investment Journeys](https://magic-markets.com/magic-markets-ep18-investment-journeys/) - Regular listeners of Magic Markets will know by now that The Finance Ghost and Mohammed Nalla (Moe-Knows) bring different styles to their portfolios and to the show in general. In Episode 18, as Magic Markets reaches adulthood and comes of age, the hosts have a frank discussion around their different investment techniques and what does
- [Magic Markets Ep19: Arch-egos at hedge funds](https://magic-markets.com/magic-markets-ep19-arch-egos-at-hedge-funds/) - It's an April Fools' show, yet we only discuss things that have actually happened. It says a lot for the character of the markets that many of the current topics could probably double up as pranks. Other than Cathie Wood's ARK investing in John Deere in a space fund (?!?), the really interesting story in
- [Magic Markets Ep20: Buy-Toi-Let](https://magic-markets.com/magic-markets-ep20-buy-toi-let/) - In Episode 20 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) discuss property investing and their respective views on whether buy-to-let is a good idea. The Finance Ghost likes to call it "buy-toi-let" instead, which gives you a clue into what he thinks about the idea. With fascinating real world insights into
- [Magic Markets Ep21: Crypto Arbitrage](https://magic-markets.com/magic-markets-ep21-crypto-arbitrage/) - With the help of the team from Future Forex, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) unpack the risks and opportunities of crypto arbitrage. Due to pricing differences in Bitcoin between foreign and local markets, there are profits that can be made. Future Forex helps people execute the arbitrage and unlock those profits. For those
- [Magic Markets Ep22: Banks - Boom or Bust?](https://magic-markets.com/magic-markets-ep22-banks-boom-or-bust/) - In Episode 22 of the popular Magic Markets podcast, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) look back fondly on their days in banking and investment banking in particular. After a year of volatile markets with high trading volumes, investment banks are posting terrific financial results. Well, those who have avoided crises like Greensill
- [Magic Markets Ep23: European Gems](https://magic-markets.com/magic-markets-ep23-european-gems/) - European investor and student of the markets Tobias (@TobyTheInvestor) joins Mohammed Nalla (@MohammedNalla) and I from Copenhagen to discuss European markets and the appeal of Nordic markets that are often ignored when people think about global opportunities. Europe can offer attractive risk/return trade-offs, if investors know where to look. Toby gives great practical insights into
- [Magic Markets Ep24: FAANGs at the BEACH](https://magic-markets.com/magic-markets-ep24-faangs-at-the-beach/) - The title may sound like a vampire holiday movie, but most investors will be familiar with the term FAANG as an acronym for some of the most exciting tech companies in the world (Facebook, Amazon, Apple, Netflix and Google). The term BEACH is less common and is used to describe travel and leisure industries that
- [Magic Markets Ep25: Wood from the Trees](https://magic-markets.com/magic-markets-ep25-wood-from-the-trees/) - With US markets facing incredible volatility under the realities of inflation and poor jobs data, much of the risk money has moved from equities into cryptos. This has left many tech investors scratching their heads, down 20% or even 30% on stocks with exciting prospects. In episode 25 of Magic Markets, hosts The Finance Ghost and
- [Magic Markets Ep26: The Cure for High Prices](https://magic-markets.com/magic-markets-ep26-the-cure-for-high-prices/) - Inflation: the word on everyone's lips. What is causing spikes in inflation in countries like the US? Is it transitory? What does that even mean? Inflation can have a significant impact on an investment portfolio. In Episode 26 of Magic Markets, Mohammed Nalla (Moe-Knows.com) and I explain how inflation affects valuations and some of the techniques
- [Magic Markets Ep27: Beyond the Multiples](https://magic-markets.com/magic-markets-ep27-beyond-the-multiples/) - Craig Antonie of AnBro Capital Investments is no stranger to regular Magic Markets listeners. He was the guest on Episode 11: Tech Truffles and Unicorns, where Craig discussed the approach taken in their Unicorn Global Growth Fund. The recent market sell-off has been painful for growth investors. In this episode, Craig explains why the future still
- [Magic Markets Ep28: Venture Capital Views](https://magic-markets.com/magic-markets-ep28-venture-capital-views/) - The s12J investment tax benefit is coming to an end in South Africa. Investors only have until the end of June 2021 to invest in these opportunities. To find out more, Mohammed Nalla and I welcomed Haroon Jeena to the show, the founding director of Olive Venture Capital Company, an authorised financial services provider. We
- [Magic Markets Ep29: Investing in Agri](https://magic-markets.com/magic-markets-ep29-investing-in-agri/) - We love bringing experts onto Magic Markets to explain topics properly and (dare I say it) scratch beneath the surface! Wandile Sihlobo is an expert on the agriculture sector in South Africa. He is the Chief Economist of the Agricultural Business Chamber of South Africa (Agbiz) and has written numerous columns and blog posts in
- [Magic Markets Ep30: Investing Down Under](https://magic-markets.com/magic-markets-ep30-investing-down-under/) - Magic Markets co-host Mohammed Nalla took a break this week to deal with a tragic loss in his family, while The Finance Ghost ensured that the show goes on. Mark Tobin is the guest this week, an Irishman who writes about Australian stocks while living in Stellenbosch! This is a rare opportunity to learn about investing in
- [Magic Markets Ep31: Yield Masterclass](https://magic-markets.com/magic-markets-ep31-yield-masterclass/) - Whether you trade bonds or not, the yield curve has an important impact on all the assets in your portfolio. Valuations of shares are significantly impacted by changes in interest rates, driving up- and down-cycles that you don't want to get on the wrong side of, regardless of your stock picking abilities. In Episode 31
- [Magic Markets Ep32: The ESG Enforcer](https://magic-markets.com/magic-markets-ep32-the-esg-enforcer/) - The concepts of "ESG" and "sustainable investing" are now front-of-mind for institutional investors, but what does this mean in practice? Just Share is a non-profit shareholder activism organisation. The focus is on inequality, climate change, diversity and transformation. Importantly, the approach taken by Just Share is practical and makes absolute economic sense. These are hard-hitting issues
- [Magic Markets Ep33: Do Your DiDi](https://magic-markets.com/magic-markets-ep33-do-your-didi/) - The markets have been all over the place in the past week, with a rollercoaster ride for investors in Chinese tech stocks in particular. Ride-hailing business DiDi has been the catalyst for the latest concerns. In Episode 33 of Magic Markets, The Finance Ghost and Mohammed Nalla chat through some of the companies in their
- [Magic Markets Ep34: Riots and Rands](https://magic-markets.com/magic-markets-ep34-riots-and-rands/) - Our home country is burning. South Africa is in economic turmoil and lives are being lost in riots and looting. This isn't sensationalist. This is what is happening on the ground, right now. In an incredibly sad week for our beautiful country, we have a heartfelt conversation about the situation and what it means for
- [Magic Markets Ep35: Sell-offs and Sell-outs](https://magic-markets.com/magic-markets-ep35-sell-offs-and-sell-outs/) - There were some big moves in the market this week, including an interesting situation where both equities and yields dropped in the US, which wasn't nearly the "sell-off" that many referred to. Still, that's an unusual combination and is one of the talking points in Episode 35 of Magic Markets. Hosts The Finance Ghost and Mohammed Nalla (Moe-Knows) also
- [Crocs: Ugly shoes; pretty profits](https://magic-markets.com/crocs-ugly-shoes-pretty-profits-open/) - Use the podcast player below to listen to our discussion on Crocs and its Q3'22 result, which accompanies the detailed write-up below: (Date of report: 15 December 2022) You might not like Crocs, but the group sold over 30 million shoes this quarter. It was a record quarter for revenue and full year guidance has

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## Fusion Elements

- [Marketplace Report Post Card](https://magic-markets.com/fusion_element/product-post-card-864/) - October 9th, 2025 [fusion_tb_woo_price show_sale="yes" sale_position="right" layout="floated" show_stock="no" show_badge="yes" discount_type="amount" badge_position="right" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" alignment="flex-start" fusion_font_family_price_typography="Open Sans" fusion_font_variant_price_typography="700" price_font_size="28px" price_line_height="var(--awb-typography4-line-height)" price_letter_spacing="var(--awb-typography4-letter-spacing)" price_text_transform="var(--awb-typography4-text-transform)" price_color="var(--awb-color8)" hue="" saturation="" lightness="" alpha="" fusion_font_family_sale_typography="Open Sans" fusion_font_variant_sale_typography="500" sale_font_size="24px" sale_line_height="var(--awb-typography4-line-height)" sale_letter_spacing="var(--awb-typography4-letter-spacing)" sale_text_transform="var(--awb-typography4-text-transform)" sale_color="var(--awb-color8)" fusion_font_family_stock_typography="" fusion_font_variant_stock_typography="" stock_font_size="" stock_line_height="" stock_letter_spacing="" stock_text_transform="" stock_color="var(--awb-color8)" fusion_font_family_badge_typography="" fusion_font_variant_badge_typography="" badge_font_size="" badge_line_height="" badge_letter_spacing="" badge_text_transform="" badge_text_color="var(--awb-color4)" badge_bg_color="" badge_border_size="1" badge_border_color="" border_radius_top_left="" border_radius_top_right="" border_radius_bottom_right=""
- [Product Post Card 865](https://magic-markets.com/fusion_element/product-post-card-865/) - [fusion_tb_woo_price show_sale=”yes” sale_position=”right” layout=”floated” show_stock=”yes” show_badge=”yes” discount_type=”percent” badge_position=”right” alignment=”flex-start” price_font_size=”20px” price_color=”#000000″ fusion_font_family_price_typography=”DM Sans” fusion_font_variant_price_typography=”400″ sale_font_size=”16px” sale_color=”#000000″ fusion_font_family_sale_typography=”DM Sans” fusion_font_variant_sale_typography=”400″ stock_font_size=”16px” stock_color=”#000000″ fusion_font_family_stock_typography=”inherit” fusion_font_variant_stock_typography=”400″ badge_font_size=”16px” fusion_font_family_badge_typography=”inherit” fusion_font_variant_badge_typography=”400″ badge_border_size=”1″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” animation_direction=”left” animation_speed=”0.3″ animation_offset=”top-into-view” price_line_height=”1.7″ price_letter_spacing=”0″ price_text_transform=”var(–awb-typography4-text-transform)” /]

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## Tags

- [Rand](https://magic-markets.com/tag/rand/)
- [Currency](https://magic-markets.com/tag/currency/)
- [Dollar](https://magic-markets.com/tag/dollar/)
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- [Facebook](https://magic-markets.com/tag/facebook/)
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- [Fed](https://magic-markets.com/tag/fed/)
- [interest rates](https://magic-markets.com/tag/interest-rates/)
- [duration](https://magic-markets.com/tag/duration/)
- [discounted cash flows](https://magic-markets.com/tag/discounted-cash-flows/)
- [Governance](https://magic-markets.com/tag/governance/)
- [Sustainable Investing](https://magic-markets.com/tag/sustainable-investing/)
- [DiDi](https://magic-markets.com/tag/didi/)
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- [Looting](https://magic-markets.com/tag/looting/)
- [Sell-off](https://magic-markets.com/tag/sell-off/)
- [Satrix](https://magic-markets.com/tag/satrix/)
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- [Chipotle](https://magic-markets.com/tag/chipotle/)
- [QSR](https://magic-markets.com/tag/qsr/)
- [Food](https://magic-markets.com/tag/food/)
- [Food Delivery](https://magic-markets.com/tag/food-delivery/)
- [ETF](https://magic-markets.com/tag/etf/)
- [Corsair](https://magic-markets.com/tag/corsair/)
- [Callaway](https://magic-markets.com/tag/callaway/)
- [McKesson](https://magic-markets.com/tag/mckesson/)
- [Moderna](https://magic-markets.com/tag/moderna/)
- [Mohammed Nalla](https://magic-markets.com/tag/mohammed-nalla/)
- [ETFs](https://magic-markets.com/tag/etfs/)
- [Passive Investments](https://magic-markets.com/tag/passive-investments/)
- [Rotation](https://magic-markets.com/tag/rotation/)
- [Nerina Visser](https://magic-markets.com/tag/nerina-visser/)
- [Mining](https://magic-markets.com/tag/mining/)
- [Trading](https://magic-markets.com/tag/trading/)
- [Herenya Capital Advisors](https://magic-markets.com/tag/herenya-capital-advisors/)
- [Petri Redelinghuys](https://magic-markets.com/tag/petri-redelinghuys/)
- [Mergers](https://magic-markets.com/tag/mergers/)
- [Acquisitions](https://magic-markets.com/tag/acquisitions/)
- [deals](https://magic-markets.com/tag/deals/)
- [Zoom](https://magic-markets.com/tag/zoom/)
- [Five9](https://magic-markets.com/tag/five9/)
- [Corporate Finance](https://magic-markets.com/tag/corporate-finance/)
- [Supply Chain](https://magic-markets.com/tag/supply-chain/)
- [Nike](https://magic-markets.com/tag/nike/)
- [Alviva](https://magic-markets.com/tag/alviva/)
- [Grindrod](https://magic-markets.com/tag/grindrod/)
- [Barloworld](https://magic-markets.com/tag/barloworld/)
- [Green](https://magic-markets.com/tag/green/)
- [COP26](https://magic-markets.com/tag/cop26/)
- [COP](https://magic-markets.com/tag/cop/)
- [Kate Mackenzie](https://magic-markets.com/tag/kate-mackenzie/)
- [Bloomberg](https://magic-markets.com/tag/bloomberg/)
- [Wells Fargo](https://magic-markets.com/tag/wells-fargo/)
- [Competition Commission](https://magic-markets.com/tag/competition-commission/)
- [Law](https://magic-markets.com/tag/law/)
- [Regulation](https://magic-markets.com/tag/regulation/)
- [Anti-trust](https://magic-markets.com/tag/anti-trust/)
- [Microsoft](https://magic-markets.com/tag/microsoft/)
- [Big Tech](https://magic-markets.com/tag/big-tech/)
- [Cloud](https://magic-markets.com/tag/cloud/)
- [Macro](https://magic-markets.com/tag/macro/)
- [Logistics](https://magic-markets.com/tag/logistics/)
- [Manufacturing](https://magic-markets.com/tag/manufacturing/)
- [Etsy](https://magic-markets.com/tag/etsy/)
- [e-commerce](https://magic-markets.com/tag/e-commerce/)
- [Earnings](https://magic-markets.com/tag/earnings/)
- [Revenue](https://magic-markets.com/tag/revenue/)
- [Cyclicals](https://magic-markets.com/tag/cyclicals/)
- [Q3](https://magic-markets.com/tag/q3/)
- [Monster Beverage](https://magic-markets.com/tag/monster-beverage/)
- [MNST](https://magic-markets.com/tag/mnst/)
- [Monster](https://magic-markets.com/tag/monster/)
- [Intuit](https://magic-markets.com/tag/intuit/)
- [QuickBooks](https://magic-markets.com/tag/quickbooks/)
- [Mailchimp](https://magic-markets.com/tag/mailchimp/)
- [Credit Karma](https://magic-markets.com/tag/credit-karma/)
- [TurboTax](https://magic-markets.com/tag/turbotax/)
- [Software as a Service](https://magic-markets.com/tag/software-as-a-service/)
- [SaaS](https://magic-markets.com/tag/saas/)
- [Balance sheets](https://magic-markets.com/tag/balance-sheets/)
- [Lira](https://magic-markets.com/tag/lira/)
- [Tongaat](https://magic-markets.com/tag/tongaat/)
- [Brait](https://magic-markets.com/tag/brait/)
- [Ford](https://magic-markets.com/tag/ford/)
- [Automotive](https://magic-markets.com/tag/automotive/)
- [Omicron](https://magic-markets.com/tag/omicron/)
- [COVID](https://magic-markets.com/tag/covid/)
- [Emerging Markets](https://magic-markets.com/tag/emerging-markets/)
- [Unemployment](https://magic-markets.com/tag/unemployment/)
- [Visa](https://magic-markets.com/tag/visa/)
- [$V](https://magic-markets.com/tag/v/)
- [DHL](https://magic-markets.com/tag/dhl/)
- [Global](https://magic-markets.com/tag/global/)
- [Warehousing](https://magic-markets.com/tag/warehousing/)
- [Onshoring](https://magic-markets.com/tag/onshoring/)
- [US Banks](https://magic-markets.com/tag/us-banks/)
- [Portfolio](https://magic-markets.com/tag/portfolio/)
- [Transaction Capital](https://magic-markets.com/tag/transaction-capital/)
- [Gaming](https://magic-markets.com/tag/gaming/)
- [Nestle](https://magic-markets.com/tag/nestle/)
- [FMCG](https://magic-markets.com/tag/fmcg/)
- [FedEx](https://magic-markets.com/tag/fedex/)
- [Themes](https://magic-markets.com/tag/themes/)
- [thematic investing](https://magic-markets.com/tag/thematic-investing/)
- [Willet](https://magic-markets.com/tag/willet/)
- [$TSM](https://magic-markets.com/tag/tsm/)
- [Taiwan Semiconductor Manufacturing Company](https://magic-markets.com/tag/taiwan-semiconductor-manufacturing-company/)
- [Semiconductors](https://magic-markets.com/tag/semiconductors/)
- [IoT](https://magic-markets.com/tag/iot/)
- [TSMC](https://magic-markets.com/tag/tsmc/)
- [Westbrooke](https://magic-markets.com/tag/westbrooke/)
- [Alternatives](https://magic-markets.com/tag/alternatives/)
- [investments](https://magic-markets.com/tag/investments/)
- [Media](https://magic-markets.com/tag/media/)
- [equities](https://magic-markets.com/tag/equities/)
- [Stocks](https://magic-markets.com/tag/stocks/)
- [track record](https://magic-markets.com/tag/track-record/)
- [$NFLX](https://magic-markets.com/tag/nflx/)
- [Monster Beverages](https://magic-markets.com/tag/monster-beverages/)
- [Electric vehicles](https://magic-markets.com/tag/electric-vehicles/)
- [EVs](https://magic-markets.com/tag/evs/)
- [$TSLA](https://magic-markets.com/tag/tsla/)
- [Elon Musk](https://magic-markets.com/tag/elon-musk/)
- [policy](https://magic-markets.com/tag/policy/)
- [yield](https://magic-markets.com/tag/yield/)
- [FOMC](https://magic-markets.com/tag/fomc/)
- [Iron Ore](https://magic-markets.com/tag/iron-ore/)
- [Manganese](https://magic-markets.com/tag/manganese/)
- [Resources](https://magic-markets.com/tag/resources/)
- [Construction](https://magic-markets.com/tag/construction/)
- [Afrimat](https://magic-markets.com/tag/afrimat/)
- [$AFT](https://magic-markets.com/tag/aft/)
- [Meta](https://magic-markets.com/tag/meta/)
- [PepsiCo](https://magic-markets.com/tag/pepsico/)
- [Private Equity](https://magic-markets.com/tag/private-equity/)
- [Mezzanine](https://magic-markets.com/tag/mezzanine/)
- [financing](https://magic-markets.com/tag/financing/)
- [balance sheet](https://magic-markets.com/tag/balance-sheet/)
- [structuring](https://magic-markets.com/tag/structuring/)
- [markets](https://magic-markets.com/tag/markets/)
- [thematic](https://magic-markets.com/tag/thematic/)
- [russia](https://magic-markets.com/tag/russia/)
- [strategy](https://magic-markets.com/tag/strategy/)
- [Hyatt](https://magic-markets.com/tag/hyatt/)
- [Hotels](https://magic-markets.com/tag/hotels/)
- [Tourism](https://magic-markets.com/tag/tourism/)
- [Lockheed Martin](https://magic-markets.com/tag/lockheed-martin/)
- [$LMT](https://magic-markets.com/tag/lmt/)
- [Defense](https://magic-markets.com/tag/defense/)
- [War](https://magic-markets.com/tag/war/)
- [weapons](https://magic-markets.com/tag/weapons/)
- [Anbro](https://magic-markets.com/tag/anbro/)
- [Value](https://magic-markets.com/tag/value/)
- [Growth](https://magic-markets.com/tag/growth/)
- [ARKK](https://magic-markets.com/tag/arkk/)
- [investment strategy](https://magic-markets.com/tag/investment-strategy/)
- [CIO](https://magic-markets.com/tag/cio/)
- [Craig Antonie](https://magic-markets.com/tag/craig-antonie/)
- [Herenya](https://magic-markets.com/tag/herenya/)
- [Ukraine](https://magic-markets.com/tag/ukraine/)
- [volatility](https://magic-markets.com/tag/volatility/)
- [$ZM](https://magic-markets.com/tag/zm/)
- [Frontier markets](https://magic-markets.com/tag/frontier-markets/)
- [Iran](https://magic-markets.com/tag/iran/)
- [Middle East](https://magic-markets.com/tag/middle-east/)
- [Pharmaceuticals](https://magic-markets.com/tag/pharmaceuticals/)
- [Omid Gholamifar](https://magic-markets.com/tag/omid-gholamifar/)
- [Serkland](https://magic-markets.com/tag/serkland/)
- [Hasbro](https://magic-markets.com/tag/hasbro/)
- [$HAS](https://magic-markets.com/tag/has/)
- [Toys](https://magic-markets.com/tag/toys/)
- [Entertainment](https://magic-markets.com/tag/entertainment/)
- [$DIS](https://magic-markets.com/tag/dis/)
- [$MAT](https://magic-markets.com/tag/mat/)
- [restaurants](https://magic-markets.com/tag/restaurants/)
- [$SBUX](https://magic-markets.com/tag/sbux/)
- [Starbucks](https://magic-markets.com/tag/starbucks/)
- [Coffee](https://magic-markets.com/tag/coffee/)
- [$NESN](https://magic-markets.com/tag/nesn/)
- [$PEP](https://magic-markets.com/tag/pep/)
- [Labor](https://magic-markets.com/tag/labor/)
- [Labour](https://magic-markets.com/tag/labour/)
- [Unions](https://magic-markets.com/tag/unions/)
- [$MCD](https://magic-markets.com/tag/mcd/)
- [$F](https://magic-markets.com/tag/f/)
- [$INTU](https://magic-markets.com/tag/intu/)
- [private debt](https://magic-markets.com/tag/private-debt/)
- [alternative investments](https://magic-markets.com/tag/alternative-investments/)
- [Lululemon](https://magic-markets.com/tag/lululemon/)
- [$LULU](https://magic-markets.com/tag/lulu/)
- [Fitness](https://magic-markets.com/tag/fitness/)
- [Yoga](https://magic-markets.com/tag/yoga/)
- [Retail](https://magic-markets.com/tag/retail/)
- [Apparel](https://magic-markets.com/tag/apparel/)
- [$NKE](https://magic-markets.com/tag/nke/)
- [Athleisure](https://magic-markets.com/tag/athleisure/)
- [fashion](https://magic-markets.com/tag/fashion/)
- [Arbitrage](https://magic-markets.com/tag/arbitrage/)
- [BTC](https://magic-markets.com/tag/btc/)
- [Costco](https://magic-markets.com/tag/costco/)
- [$COST](https://magic-markets.com/tag/cost/)
- [Big Box](https://magic-markets.com/tag/big-box/)
- [Disruptors](https://magic-markets.com/tag/disruptors/)
- [oil](https://magic-markets.com/tag/oil/)
- [Uranium](https://magic-markets.com/tag/uranium/)
- [Delta Air Lines](https://magic-markets.com/tag/delta-air-lines/)
- [American Airlines](https://magic-markets.com/tag/american-airlines/)
- [United Airlines](https://magic-markets.com/tag/united-airlines/)
- [Southwest Airlines](https://magic-markets.com/tag/southwest-airlines/)
- [Aviation](https://magic-markets.com/tag/aviation/)
- [Travel](https://magic-markets.com/tag/travel/)
- [American Express](https://magic-markets.com/tag/american-express/)
- [$DAL](https://magic-markets.com/tag/dal/)
- [VC](https://magic-markets.com/tag/vc/)
- [AT&T](https://magic-markets.com/tag/att/)
- [$T](https://magic-markets.com/tag/t/)
- [Telecoms](https://magic-markets.com/tag/telecoms/)
- [Telcos](https://magic-markets.com/tag/telcos/)
- [Communications](https://magic-markets.com/tag/communications/)
- [5G](https://magic-markets.com/tag/5g/)
- [Recap](https://magic-markets.com/tag/recap/)
- [$MSFT](https://magic-markets.com/tag/msft/)
- [Review](https://magic-markets.com/tag/review/)
- [Technical analysis](https://magic-markets.com/tag/technical-analysis/)
- [fundamental analysis](https://magic-markets.com/tag/fundamental-analysis/)
- [Eastern Europe](https://magic-markets.com/tag/eastern-europe/)
- [Poland](https://magic-markets.com/tag/poland/)
- [Justiné Brophy](https://magic-markets.com/tag/justine-brophy/)
- [Biotech](https://magic-markets.com/tag/biotech/)
- [Shopify](https://magic-markets.com/tag/shopify/)
- [$SHOP](https://magic-markets.com/tag/shop/)
- [ecommerce](https://magic-markets.com/tag/ecommerce/)
- [PE](https://magic-markets.com/tag/pe/)
- [UK](https://magic-markets.com/tag/uk/)
- [SA](https://magic-markets.com/tag/sa/)
- [Simon Property Group](https://magic-markets.com/tag/simon-property-group/)
- [$SPG](https://magic-markets.com/tag/spg/)
- [real estate](https://magic-markets.com/tag/real-estate/)
- [REIT](https://magic-markets.com/tag/reit/)
- [strategies](https://magic-markets.com/tag/strategies/)
- [bear market](https://magic-markets.com/tag/bear-market/)
- [Walmart](https://magic-markets.com/tag/walmart/)
- [$WMT](https://magic-markets.com/tag/wmt/)
- [Airbnb](https://magic-markets.com/tag/airbnb/)
- [$ABNB](https://magic-markets.com/tag/abnb/)
- [leisure](https://magic-markets.com/tag/leisure/)
- [platforms](https://magic-markets.com/tag/platforms/)
- [hospitality](https://magic-markets.com/tag/hospitality/)
- [premium](https://magic-markets.com/tag/premium/)
- [local](https://magic-markets.com/tag/local/)
- [business](https://magic-markets.com/tag/business/)
- [Karooooo](https://magic-markets.com/tag/karooooo/)
- [$KARO](https://magic-markets.com/tag/karo/)
- [KRO](https://magic-markets.com/tag/kro/)
- [Dexcom](https://magic-markets.com/tag/dexcom/)
- [Hanger](https://magic-markets.com/tag/hanger/)
- [DXCM](https://magic-markets.com/tag/dxcm/)
- [HNGR](https://magic-markets.com/tag/hngr/)
- [Adobe](https://magic-markets.com/tag/adobe/)
- [$ADBE](https://magic-markets.com/tag/adbe/)
- [creatives](https://magic-markets.com/tag/creatives/)
- [Content](https://magic-markets.com/tag/content/)
- [marketing](https://magic-markets.com/tag/marketing/)
- [IT](https://magic-markets.com/tag/it/)
- [Hybrid Capital](https://magic-markets.com/tag/hybrid-capital/)
- [equity](https://magic-markets.com/tag/equity/)
- [EA](https://magic-markets.com/tag/ea/)
- [Electronic Arts](https://magic-markets.com/tag/electronic-arts/)
- [WBA](https://magic-markets.com/tag/wba/)
- [Walgreens Boots Alliance](https://magic-markets.com/tag/walgreens-boots-alliance/)
- [Pharma](https://magic-markets.com/tag/pharma/)
- [Pharmacy](https://magic-markets.com/tag/pharmacy/)
- [Defensive](https://magic-markets.com/tag/defensive/)
- [BTC. $BTC](https://magic-markets.com/tag/btc-btc/)
- [S&P 500](https://magic-markets.com/tag/sp-500/)
- [Dow Jones](https://magic-markets.com/tag/dow-jones/)
- [First Half](https://magic-markets.com/tag/first-half/)
- [H1 2022](https://magic-markets.com/tag/h1-2022/)
- [LEVI](https://magic-markets.com/tag/levi/)
- [Levi Strauss & Co.](https://magic-markets.com/tag/levi-strauss-co/)
- [US Earnings](https://magic-markets.com/tag/us-earnings/)
- [SP500](https://magic-markets.com/tag/sp500/)
- [Dow](https://magic-markets.com/tag/dow/)
- [rates](https://magic-markets.com/tag/rates/)
- [yields](https://magic-markets.com/tag/yields/)
- [JPM](https://magic-markets.com/tag/jpm/)
- [JPMorgan Chase & Co.](https://magic-markets.com/tag/jpmorgan-chase-co/)
- [Banks](https://magic-markets.com/tag/banks/)
- [Financials](https://magic-markets.com/tag/financials/)
- [Wall Street](https://magic-markets.com/tag/wall-street/)
- [TWTR](https://magic-markets.com/tag/twtr/)
- [Twitter](https://magic-markets.com/tag/twitter/)
- [Social Media](https://magic-markets.com/tag/social-media/)
- [DMA](https://magic-markets.com/tag/dma/)
- [OTC](https://magic-markets.com/tag/otc/)
- [Mobile Home Parks](https://magic-markets.com/tag/mobile-home-parks/)
- [US](https://magic-markets.com/tag/us/)
- [USA](https://magic-markets.com/tag/usa/)
- [unlisted](https://magic-markets.com/tag/unlisted/)
- [Land](https://magic-markets.com/tag/land/)
- [GOOG](https://magic-markets.com/tag/goog/)
- [GOOGL](https://magic-markets.com/tag/googl/)
- [Alphabet](https://magic-markets.com/tag/alphabet/)
- [Search](https://magic-markets.com/tag/search/)
- [$FDX](https://magic-markets.com/tag/fdx/)
- [Taiwan Semiconductor](https://magic-markets.com/tag/taiwan-semiconductor/)
- [PGNY](https://magic-markets.com/tag/pgny/)
- [Progyny](https://magic-markets.com/tag/progyny/)
- [research](https://magic-markets.com/tag/research/)
- [analysis](https://magic-markets.com/tag/analysis/)
- [fundamental](https://magic-markets.com/tag/fundamental/)
- [technical](https://magic-markets.com/tag/technical/)
- [process](https://magic-markets.com/tag/process/)
- [SYY](https://magic-markets.com/tag/syy/)
- [Sysco](https://magic-markets.com/tag/sysco/)
- [Food Service](https://magic-markets.com/tag/food-service/)
- [Consumer](https://magic-markets.com/tag/consumer/)
- [Retailing](https://magic-markets.com/tag/retailing/)
- [Wholesale](https://magic-markets.com/tag/wholesale/)
- [BID](https://magic-markets.com/tag/bid/)
- [Bidcorp](https://magic-markets.com/tag/bidcorp/)
- [OTIF](https://magic-markets.com/tag/otif/)
- [Fund](https://magic-markets.com/tag/fund/)
- [Solar](https://magic-markets.com/tag/solar/)
- [Alternative energy](https://magic-markets.com/tag/alternative-energy/)
- [Clean energy](https://magic-markets.com/tag/clean-energy/)
- [Power](https://magic-markets.com/tag/power/)
- [Farfetch](https://magic-markets.com/tag/farfetch/)
- [$FTCH](https://magic-markets.com/tag/ftch/)
- [Luxury Goods](https://magic-markets.com/tag/luxury-goods/)
- [Luxury](https://magic-markets.com/tag/luxury/)
- [Platform](https://magic-markets.com/tag/platform/)
- [Richemont](https://magic-markets.com/tag/richemont/)
- [YOOX](https://magic-markets.com/tag/yoox/)
- [YNAP](https://magic-markets.com/tag/ynap/)
- [Net-a-Porter](https://magic-markets.com/tag/net-a-porter/)
- [$CFR](https://magic-markets.com/tag/cfr/)
- [Caterpillar](https://magic-markets.com/tag/caterpillar/)
- [$CAT](https://magic-markets.com/tag/cat/)
- [Yellow Goods](https://magic-markets.com/tag/yellow-goods/)
- [Industrials](https://magic-markets.com/tag/industrials/)
- [Equipment](https://magic-markets.com/tag/equipment/)
- [Machinery](https://magic-markets.com/tag/machinery/)
- [$JSE:BAW](https://magic-markets.com/tag/jsebaw/)
- [Patria](https://magic-markets.com/tag/patria/)
- [PAX $PAX](https://magic-markets.com/tag/pax-pax/)
- [Blackstone](https://magic-markets.com/tag/blackstone/)
- [BX](https://magic-markets.com/tag/bx/)
- [LatAm](https://magic-markets.com/tag/latam/)
- [Dicks Sporting Goods](https://magic-markets.com/tag/dicks-sporting-goods/)
- [$DKS](https://magic-markets.com/tag/dks/)
- [Sports](https://magic-markets.com/tag/sports/)
- [macroeconomics](https://magic-markets.com/tag/macroeconomics/)
- [economics](https://magic-markets.com/tag/economics/)
- [Ferrari](https://magic-markets.com/tag/ferrari/)
- [$RACE](https://magic-markets.com/tag/race/)
- [Automotive Manufacturers](https://magic-markets.com/tag/automotive-manufacturers/)
- [Auto](https://magic-markets.com/tag/auto/)
- [vehicles](https://magic-markets.com/tag/vehicles/)
- [EV](https://magic-markets.com/tag/ev/)
- [SUV](https://magic-markets.com/tag/suv/)
- [funding](https://magic-markets.com/tag/funding/)
- [diversification](https://magic-markets.com/tag/diversification/)
- [Lennar](https://magic-markets.com/tag/lennar/)
- [$LEN](https://magic-markets.com/tag/len/)
- [Home builders](https://magic-markets.com/tag/home-builders/)
- [Development](https://magic-markets.com/tag/development/)
- [Consumer durables](https://magic-markets.com/tag/consumer-durables/)
- [Accenture](https://magic-markets.com/tag/accenture/)
- [$ACN](https://magic-markets.com/tag/acn/)
- [Consulting](https://magic-markets.com/tag/consulting/)
- [Information Technology Services](https://magic-markets.com/tag/information-technology-services/)
- [future](https://magic-markets.com/tag/future/)
- [mistakes](https://magic-markets.com/tag/mistakes/)
- [psychology](https://magic-markets.com/tag/psychology/)
- [McCormick](https://magic-markets.com/tag/mccormick/)
- [$MKC](https://magic-markets.com/tag/mkc/)
- [Food producers](https://magic-markets.com/tag/food-producers/)
- [BlackRock](https://magic-markets.com/tag/blackrock/)
- [$BLK](https://magic-markets.com/tag/blk/)
- [Asset Management](https://magic-markets.com/tag/asset-management/)
- [Investment Management](https://magic-markets.com/tag/investment-management/)
- [Fund Managers](https://magic-markets.com/tag/fund-managers/)
- [listeners' questions](https://magic-markets.com/tag/listeners-questions/)
- [asset allocation](https://magic-markets.com/tag/asset-allocation/)
- [books](https://magic-markets.com/tag/books/)
- [United Kingdom](https://magic-markets.com/tag/united-kingdom/)
- [risk management](https://magic-markets.com/tag/risk-management/)
- [assymetric returns](https://magic-markets.com/tag/assymetric-returns/)
- [centenary](https://magic-markets.com/tag/centenary/)
- [milestone](https://magic-markets.com/tag/milestone/)
- [awards](https://magic-markets.com/tag/awards/)
- [Intellidex Top Securities Brokers in South Africa 2022](https://magic-markets.com/tag/intellidex-top-securities-brokers-in-south-africa-2022/)
- [Meta Platforms Inc.](https://magic-markets.com/tag/meta-platforms-inc/)
- [Zuckerberg](https://magic-markets.com/tag/zuckerberg/)
- [Dynamic Compound](https://magic-markets.com/tag/dynamic-compound/)
- [dynamic compounding](https://magic-markets.com/tag/dynamic-compounding/)
- [dividends](https://magic-markets.com/tag/dividends/)
- [$AMZN](https://magic-markets.com/tag/amzn/)
- [AWS](https://magic-markets.com/tag/aws/)
- [Prime](https://magic-markets.com/tag/prime/)
- [advertising](https://magic-markets.com/tag/advertising/)
- [$AAPL](https://magic-markets.com/tag/aapl/)
- [iPhone](https://magic-markets.com/tag/iphone/)
- [Telecommunication Equipment](https://magic-markets.com/tag/telecommunication-equipment/)
- [wealth management](https://magic-markets.com/tag/wealth-management/)
- [wealth managers](https://magic-markets.com/tag/wealth-managers/)
- [capital growth](https://magic-markets.com/tag/capital-growth/)
- [Garmin](https://magic-markets.com/tag/garmin/)
- [$GRMN](https://magic-markets.com/tag/grmn/)
- [Consumer Electronics](https://magic-markets.com/tag/consumer-electronics/)
- [wearables](https://magic-markets.com/tag/wearables/)
- [bull box](https://magic-markets.com/tag/bull-box/)
- [bear box](https://magic-markets.com/tag/bear-box/)
- [insider activity](https://magic-markets.com/tag/insider-activity/)
- [quarterly reporting](https://magic-markets.com/tag/quarterly-reporting/)
- [American Tower](https://magic-markets.com/tag/american-tower/)
- [$AMT](https://magic-markets.com/tag/amt/)
- [Telecommunications](https://magic-markets.com/tag/telecommunications/)
- [Specialized REIT](https://magic-markets.com/tag/specialized-reit/)
- [Mobile Telecoms](https://magic-markets.com/tag/mobile-telecoms/)
- [Cellphone](https://magic-markets.com/tag/cellphone/)
- [Cellular](https://magic-markets.com/tag/cellular/)
- [2022 recap](https://magic-markets.com/tag/2022-recap/)
- [Warner Music Group](https://magic-markets.com/tag/warner-music-group/)
- [$WMG](https://magic-markets.com/tag/wmg/)
- [Media and Entertainment](https://magic-markets.com/tag/media-and-entertainment/)
- [Music](https://magic-markets.com/tag/music/)
- [Record labels](https://magic-markets.com/tag/record-labels/)
- [Studios](https://magic-markets.com/tag/studios/)
- [Geopolitics](https://magic-markets.com/tag/geopolitics/)
- [Geopolitical Alpha](https://magic-markets.com/tag/geopolitical-alpha/)
- [Marko Papic](https://magic-markets.com/tag/marko-papic/)
- [Saudi Arabia](https://magic-markets.com/tag/saudi-arabia/)
- [OPEC](https://magic-markets.com/tag/opec/)
- [Clocktower Group](https://magic-markets.com/tag/clocktower-group/)
- [Crocs](https://magic-markets.com/tag/crocs/)
- [$CROX](https://magic-markets.com/tag/crox/)
- [Footwear](https://magic-markets.com/tag/footwear/)
- [Levi's](https://magic-markets.com/tag/levis/)
- [D2C](https://magic-markets.com/tag/d2c/)
- [2023 Outlook](https://magic-markets.com/tag/2023-outlook/)
- [FactSet](https://magic-markets.com/tag/factset/)
- [FDS](https://magic-markets.com/tag/fds/)
- [Big Data](https://magic-markets.com/tag/big-data/)
- [Tech Services](https://magic-markets.com/tag/tech-services/)
- [Data Processing](https://magic-markets.com/tag/data-processing/)
- [Trive](https://magic-markets.com/tag/trive/)
- [Travis Robson](https://magic-markets.com/tag/travis-robson/)
- [Multi-asset](https://magic-markets.com/tag/multi-asset/)
- [Broker](https://magic-markets.com/tag/broker/)
- [FX](https://magic-markets.com/tag/fx/)
- [TFSA](https://magic-markets.com/tag/tfsa/)
- [Tesco](https://magic-markets.com/tag/tesco/)
- [TSCO](https://magic-markets.com/tag/tsco/)
- [TSCO.L](https://magic-markets.com/tag/tsco-l/)
- [TSCOL](https://magic-markets.com/tag/tscol/)
- [$TSCDY](https://magic-markets.com/tag/tscdy/)
- [$TSCDF](https://magic-markets.com/tag/tscdf/)
- [Grocery](https://magic-markets.com/tag/grocery/)
- [Retailers](https://magic-markets.com/tag/retailers/)
- [2023 ideas](https://magic-markets.com/tag/2023-ideas/)
- [Procter and Gamble](https://magic-markets.com/tag/procter-and-gamble/)
- [Procter & Gamble](https://magic-markets.com/tag/procter-gamble/)
- [PG](https://magic-markets.com/tag/pg/)
- [Consumer Staples](https://magic-markets.com/tag/consumer-staples/)
- [Defensives](https://magic-markets.com/tag/defensives/)
- [Health and Beauty](https://magic-markets.com/tag/health-and-beauty/)
- [Household](https://magic-markets.com/tag/household/)
- [Personal Care](https://magic-markets.com/tag/personal-care/)
- [Debt financing](https://magic-markets.com/tag/debt-financing/)
- [Growth capital](https://magic-markets.com/tag/growth-capital/)
- [capital stack](https://magic-markets.com/tag/capital-stack/)
- [AI](https://magic-markets.com/tag/ai/)
- [Artificial Intelligence](https://magic-markets.com/tag/artificial-intelligence/)
- [Pfizer](https://magic-markets.com/tag/pfizer/)
- [PFE](https://magic-markets.com/tag/pfe/)
- [Drug](https://magic-markets.com/tag/drug/)
- [Vaccine](https://magic-markets.com/tag/vaccine/)
- [Marius Grobler](https://magic-markets.com/tag/marius-grobler/)
- [Brokerage](https://magic-markets.com/tag/brokerage/)
- [Execution](https://magic-markets.com/tag/execution/)
- [Operations](https://magic-markets.com/tag/operations/)
- [Engine](https://magic-markets.com/tag/engine/)
- [Automation](https://magic-markets.com/tag/automation/)
- [Yum!](https://magic-markets.com/tag/yum/)
- [Quick Service Restaurants](https://magic-markets.com/tag/quick-service-restaurants/)
- [Consumer Services](https://magic-markets.com/tag/consumer-services/)
- [Generac](https://magic-markets.com/tag/generac/)
- [GNRC](https://magic-markets.com/tag/gnrc/)
- [Generators](https://magic-markets.com/tag/generators/)
- [Electricity](https://magic-markets.com/tag/electricity/)
- [Power generation](https://magic-markets.com/tag/power-generation/)
- [Energy](https://magic-markets.com/tag/energy/)
- [Electrical Products](https://magic-markets.com/tag/electrical-products/)
- [MercadoLibre](https://magic-markets.com/tag/mercadolibre/)
- [MELI](https://magic-markets.com/tag/meli/)
- [Internet Retail](https://magic-markets.com/tag/internet-retail/)
- [Green Energy](https://magic-markets.com/tag/green-energy/)
- [Renewable Energy](https://magic-markets.com/tag/renewable-energy/)
- [IRA](https://magic-markets.com/tag/ira/)
- [Inflation Reduction Act](https://magic-markets.com/tag/inflation-reduction-act/)
- [Infrastructure](https://magic-markets.com/tag/infrastructure/)
- [Utilities](https://magic-markets.com/tag/utilities/)
- [Comcast](https://magic-markets.com/tag/comcast/)
- [CMCSA](https://magic-markets.com/tag/cmcsa/)
- [Cable](https://magic-markets.com/tag/cable/)
- [Barry Dumas](https://magic-markets.com/tag/barry-dumas/)
- [Aston Martin](https://magic-markets.com/tag/aston-martin/)
- [AML](https://magic-markets.com/tag/aml/)
- [$ARGGY](https://magic-markets.com/tag/arggy/)
- [CrowdStrike](https://magic-markets.com/tag/crowdstrike/)
- [CRWD](https://magic-markets.com/tag/crwd/)
- [Cybersecurity](https://magic-markets.com/tag/cybersecurity/)
- [Software](https://magic-markets.com/tag/software/)
- [Endpoints](https://magic-markets.com/tag/endpoints/)
- [EM](https://magic-markets.com/tag/em/)
- [macroeconomic](https://magic-markets.com/tag/macroeconomic/)
- [geopolitical](https://magic-markets.com/tag/geopolitical/)
- [Sanctions](https://magic-markets.com/tag/sanctions/)
- [Petrodollar](https://magic-markets.com/tag/petrodollar/)
- [global liquidity](https://magic-markets.com/tag/global-liquidity/)
- [Spotify](https://magic-markets.com/tag/spotify/)
- [SPOT](https://magic-markets.com/tag/spot/)
- [Winnebago](https://magic-markets.com/tag/winnebago/)
- [WGO](https://magic-markets.com/tag/wgo/)
- [consumer discretionary](https://magic-markets.com/tag/consumer-discretionary/)
- [recreation](https://magic-markets.com/tag/recreation/)
- [Solar energy](https://magic-markets.com/tag/solar-energy/)
- [Solar PV](https://magic-markets.com/tag/solar-pv/)
- [Stock Focus](https://magic-markets.com/tag/stock-focus/)
- [DEX](https://magic-markets.com/tag/dex/)
- [STAA](https://magic-markets.com/tag/staa/)
- [Starr Surgical](https://magic-markets.com/tag/starr-surgical/)
- [Ulta Beauty](https://magic-markets.com/tag/ulta-beauty/)
- [ULTA](https://magic-markets.com/tag/ulta/)
- [specialist retail](https://magic-markets.com/tag/specialist-retail/)
- [Alexander Weiss](https://magic-markets.com/tag/alexander-weiss/)
- [metrics](https://magic-markets.com/tag/metrics/)
- [Share buybacks](https://magic-markets.com/tag/share-buybacks/)
- [capital allocation](https://magic-markets.com/tag/capital-allocation/)
- [optionality](https://magic-markets.com/tag/optionality/)
- [cyclical stocks](https://magic-markets.com/tag/cyclical-stocks/)
- [Tupperware](https://magic-markets.com/tag/tupperware/)
- [TUP](https://magic-markets.com/tag/tup/)
- [Alternative Assets](https://magic-markets.com/tag/alternative-assets/)
- [Anchor Capital](https://magic-markets.com/tag/anchor-capital/)
- [Prologis](https://magic-markets.com/tag/prologis/)
- [PLD](https://magic-markets.com/tag/pld/)
- [Industrial](https://magic-markets.com/tag/industrial/)
- [Lovesac](https://magic-markets.com/tag/lovesac/)
- [LOVE](https://magic-markets.com/tag/love/)
- [Furniture](https://magic-markets.com/tag/furniture/)
- [LVMH](https://magic-markets.com/tag/lvmh/)
- [LVMHF](https://magic-markets.com/tag/lvmhf/)
- [$LVMUY](https://magic-markets.com/tag/lvmuy/)
- [Consumer Cyclicals](https://magic-markets.com/tag/consumer-cyclicals/)
- [Nvidia](https://magic-markets.com/tag/nvidia/)
- [AMD](https://magic-markets.com/tag/amd/)
- [Dividend](https://magic-markets.com/tag/dividend/)
- [IFF](https://magic-markets.com/tag/iff/)
- [RWAY](https://magic-markets.com/tag/rway/)
- [International Flavors and Fragrances](https://magic-markets.com/tag/international-flavors-and-fragrances/)
- [Runway Growth Finance](https://magic-markets.com/tag/runway-growth-finance/)
- [3M](https://magic-markets.com/tag/3m/)
- [MMM](https://magic-markets.com/tag/mmm/)
- [Diversified Industrials](https://magic-markets.com/tag/diversified-industrials/)
- [Industrial conglomerates](https://magic-markets.com/tag/industrial-conglomerates/)
- [Payments](https://magic-markets.com/tag/payments/)
- [Remittances](https://magic-markets.com/tag/remittances/)
- [Tripadvisor](https://magic-markets.com/tag/tripadvisor/)
- [TRIP](https://magic-markets.com/tag/trip/)
- [LSE:AML](https://magic-markets.com/tag/lseaml/)
- [Motor Vehicles](https://magic-markets.com/tag/motor-vehicles/)
- [Yield Plus](https://magic-markets.com/tag/yield-plus/)
- [Commercial Real Estate](https://magic-markets.com/tag/commercial-real-estate/)
- [CRE](https://magic-markets.com/tag/cre/)
- [Salesforce](https://magic-markets.com/tag/salesforce/)
- [CRM](https://magic-markets.com/tag/crm/)
- [Trive South Africa](https://magic-markets.com/tag/trive-south-africa/)
- [Meituan](https://magic-markets.com/tag/meituan/)
- [Baidu](https://magic-markets.com/tag/baidu/)
- [JD.com](https://magic-markets.com/tag/jd-com/)
- [Tencent](https://magic-markets.com/tag/tencent/)
- [Behavioural Finance](https://magic-markets.com/tag/behavioural-finance/)
- [Sectoral performance](https://magic-markets.com/tag/sectoral-performance/)
- [Economic cycle](https://magic-markets.com/tag/economic-cycle/)
- [cyclical](https://magic-markets.com/tag/cyclical/)
- [ZAR](https://magic-markets.com/tag/zar/)
- [Topgolf Callaway](https://magic-markets.com/tag/topgolf-callaway/)
- [MODG](https://magic-markets.com/tag/modg/)
- [Golf](https://magic-markets.com/tag/golf/)
- [Capital Structure](https://magic-markets.com/tag/capital-structure/)
- [share repurchases](https://magic-markets.com/tag/share-repurchases/)
- [buybacks](https://magic-markets.com/tag/buybacks/)
- [WACC](https://magic-markets.com/tag/wacc/)
- [Home Depot](https://magic-markets.com/tag/home-depot/)
- [HD](https://magic-markets.com/tag/hd/)
- [Hardware](https://magic-markets.com/tag/hardware/)
- [Omni-channel](https://magic-markets.com/tag/omni-channel/)
- [Home Improvement](https://magic-markets.com/tag/home-improvement/)
- [DYOR](https://magic-markets.com/tag/dyor/)
- [Commercial Services](https://magic-markets.com/tag/commercial-services/)
- [Fintech](https://magic-markets.com/tag/fintech/)
- [ATVI](https://magic-markets.com/tag/atvi/)
- [Weather](https://magic-markets.com/tag/weather/)
- [Agribusiness](https://magic-markets.com/tag/agribusiness/)
- [El Nino](https://magic-markets.com/tag/el-nino/)
- [La Nina](https://magic-markets.com/tag/la-nina/)
- [Wheat](https://magic-markets.com/tag/wheat/)
- [Corn](https://magic-markets.com/tag/corn/)
- [Maize](https://magic-markets.com/tag/maize/)
- [Livestock](https://magic-markets.com/tag/livestock/)
- [Poultry](https://magic-markets.com/tag/poultry/)
- [Soft Commodities](https://magic-markets.com/tag/soft-commodities/)
- [Carnival Corporation](https://magic-markets.com/tag/carnival-corporation/)
- [CCL](https://magic-markets.com/tag/ccl/)
- [Resorts](https://magic-markets.com/tag/resorts/)
- [Cruises](https://magic-markets.com/tag/cruises/)
- [Rate hikes](https://magic-markets.com/tag/rate-hikes/)
- [SARB](https://magic-markets.com/tag/sarb/)
- [Business cycle](https://magic-markets.com/tag/business-cycle/)
- [CPI](https://magic-markets.com/tag/cpi/)
- [Swatch Group](https://magic-markets.com/tag/swatch-group/)
- [SWGAY](https://magic-markets.com/tag/swgay/)
- [Durables](https://magic-markets.com/tag/durables/)
- [Johnson & Johnson](https://magic-markets.com/tag/johnson-johnson/)
- [JNJ](https://magic-markets.com/tag/jnj/)
- [Yum! Brands](https://magic-markets.com/tag/yum-brands/)
- [Health](https://magic-markets.com/tag/health/)
- [Consumer Goods](https://magic-markets.com/tag/consumer-goods/)
- [Kenvue](https://magic-markets.com/tag/kenvue/)
- [Retail Stocks](https://magic-markets.com/tag/retail-stocks/)
- [Shoprite](https://magic-markets.com/tag/shoprite/)
- [Pick n Pay](https://magic-markets.com/tag/pick-n-pay/)
- [Loblaws](https://magic-markets.com/tag/loblaws/)
- [Target](https://magic-markets.com/tag/target/)
- [Flipkart](https://magic-markets.com/tag/flipkart/)
- [Liberty Two Degrees](https://magic-markets.com/tag/liberty-two-degrees/)
- [Ellies](https://magic-markets.com/tag/ellies/)
- [Takealot](https://magic-markets.com/tag/takealot/)
- [Instagram](https://magic-markets.com/tag/instagram/)
- [BESI](https://magic-markets.com/tag/besi/)
- [Apple Inc](https://magic-markets.com/tag/apple-inc/)
- [Vision Pro](https://magic-markets.com/tag/vision-pro/)
- [Telecoms Equipment](https://magic-markets.com/tag/telecoms-equipment/)
- [DIY](https://magic-markets.com/tag/diy/)
- [United Parcel Service Inc](https://magic-markets.com/tag/united-parcel-service-inc/)
- [UPS](https://magic-markets.com/tag/ups/)
- [Transportation](https://magic-markets.com/tag/transportation/)
- [Freight](https://magic-markets.com/tag/freight/)
- [McDonald's](https://magic-markets.com/tag/mcdonalds/)
- [Fast food](https://magic-markets.com/tag/fast-food/)
- [Foot Locker](https://magic-markets.com/tag/foot-locker/)
- [FL](https://magic-markets.com/tag/fl/)
- [Deere & Co.](https://magic-markets.com/tag/deere-co/)
- [John Deere](https://magic-markets.com/tag/john-deere/)
- [DE](https://magic-markets.com/tag/de/)
- [Trucks](https://magic-markets.com/tag/trucks/)
- [Tractors](https://magic-markets.com/tag/tractors/)
- [Farm Machinery](https://magic-markets.com/tag/farm-machinery/)
- [Manufacturers](https://magic-markets.com/tag/manufacturers/)
- [World's Biggest Brands](https://magic-markets.com/tag/worlds-biggest-brands/)
- [BRNDZ](https://magic-markets.com/tag/brndz/)
- [Kroger](https://magic-markets.com/tag/kroger/)
- [KR](https://magic-markets.com/tag/kr/)
- [Grocer](https://magic-markets.com/tag/grocer/)
- [Food Retail](https://magic-markets.com/tag/food-retail/)
- [Pharmaceutical](https://magic-markets.com/tag/pharmaceutical/)
- [Drug Retail](https://magic-markets.com/tag/drug-retail/)
- [SBK](https://magic-markets.com/tag/sbk/)
- [JSE:SBK](https://magic-markets.com/tag/jsesbk/)
- [Dollar General](https://magic-markets.com/tag/dollar-general/)
- [DG](https://magic-markets.com/tag/dg/)
- [Discount](https://magic-markets.com/tag/discount/)
- [Ingersoll Rand](https://magic-markets.com/tag/ingersoll-rand/)
- [IR](https://magic-markets.com/tag/ir/)
- [Producer Manufacturing](https://magic-markets.com/tag/producer-manufacturing/)
- [Industrial Machinery](https://magic-markets.com/tag/industrial-machinery/)
- [Capital Goods](https://magic-markets.com/tag/capital-goods/)
- [Southern Sun](https://magic-markets.com/tag/southern-sun/)
- [SSU](https://magic-markets.com/tag/ssu/)
- [JSE:SSU](https://magic-markets.com/tag/jsessu/)
- [SA Food Stocks](https://magic-markets.com/tag/sa-food-stocks/)
- [Non-durables](https://magic-markets.com/tag/non-durables/)
- [Chicken](https://magic-markets.com/tag/chicken/)
- [AVI](https://magic-markets.com/tag/avi/)
- [RCL](https://magic-markets.com/tag/rcl/)
- [O'Reilly Automotive](https://magic-markets.com/tag/oreilly-automotive/)
- [ORLY](https://magic-markets.com/tag/orly/)
- [Motor](https://magic-markets.com/tag/motor/)
- [Garth Mackenzie](https://magic-markets.com/tag/garth-mackenzie/)
- [Traders](https://magic-markets.com/tag/traders/)
- [Swing trading](https://magic-markets.com/tag/swing-trading/)
- [Talking with Traders](https://magic-markets.com/tag/talking-with-traders/)
- [Trader's Corner](https://magic-markets.com/tag/traders-corner/)
- [AXP](https://magic-markets.com/tag/axp/)
- [AMEX](https://magic-markets.com/tag/amex/)
- [Financial Services](https://magic-markets.com/tag/financial-services/)
- [Diversified Financials](https://magic-markets.com/tag/diversified-financials/)
- [Credit Card](https://magic-markets.com/tag/credit-card/)
- [autos](https://magic-markets.com/tag/autos/)
- [Internet Services](https://magic-markets.com/tag/internet-services/)
- [Consumer Cyclical](https://magic-markets.com/tag/consumer-cyclical/)
- [Communication Services](https://magic-markets.com/tag/communication-services/)
- [Hershey](https://magic-markets.com/tag/hershey/)
- [HSY](https://magic-markets.com/tag/hsy/)
- [Food and Beverages](https://magic-markets.com/tag/food-and-beverages/)
- [Confectionary](https://magic-markets.com/tag/confectionary/)
- [Snacks](https://magic-markets.com/tag/snacks/)
- [Candy](https://magic-markets.com/tag/candy/)
- [Growth stocks](https://magic-markets.com/tag/growth-stocks/)
- [Qualcomm](https://magic-markets.com/tag/qualcomm/)
- [QCOM](https://magic-markets.com/tag/qcom/)
- [Chips](https://magic-markets.com/tag/chips/)
- [Balwin](https://magic-markets.com/tag/balwin/)
- [JSE:BWN](https://magic-markets.com/tag/jsebwn/)
- [BWN](https://magic-markets.com/tag/bwn/)
- [Calgro M3](https://magic-markets.com/tag/calgro-m3/)
- [JSE:CGR](https://magic-markets.com/tag/jsecgr/)
- [CGR](https://magic-markets.com/tag/cgr/)
- [D.R Horton](https://magic-markets.com/tag/d-r-horton/)
- [DHI](https://magic-markets.com/tag/dhi/)
- [Boeing](https://magic-markets.com/tag/boeing/)
- [BA](https://magic-markets.com/tag/ba/)
- [Aerospace](https://magic-markets.com/tag/aerospace/)
- [TJX Companies](https://magic-markets.com/tag/tjx-companies/)
- [TJX](https://magic-markets.com/tag/tjx/)
- [Homeware](https://magic-markets.com/tag/homeware/)
- [Beauty](https://magic-markets.com/tag/beauty/)
- [Multichoice](https://magic-markets.com/tag/multichoice/)
- [JSE:MCG](https://magic-markets.com/tag/jsemcg/)
- [MCG](https://magic-markets.com/tag/mcg/)
- [Mercado Libre](https://magic-markets.com/tag/mercado-libre/)
- [Argentina](https://magic-markets.com/tag/argentina/)
- [Brazil](https://magic-markets.com/tag/brazil/)
- [Mexico](https://magic-markets.com/tag/mexico/)
- [Dis-Chem Pharmacies](https://magic-markets.com/tag/dis-chem-pharmacies/)
- [Dis-Chem](https://magic-markets.com/tag/dis-chem/)
- [Dischem](https://magic-markets.com/tag/dischem/)
- [JSE:DCP](https://magic-markets.com/tag/jsedcp/)
- [DCP](https://magic-markets.com/tag/dcp/)
- [Pharmacies](https://magic-markets.com/tag/pharmacies/)
- [Ford Motor Company](https://magic-markets.com/tag/ford-motor-company/)
- [Automobiles](https://magic-markets.com/tag/automobiles/)
- [Mr Price](https://magic-markets.com/tag/mr-price/)
- [Foschini Group](https://magic-markets.com/tag/foschini-group/)
- [JSE:MRP](https://magic-markets.com/tag/jsemrp/)
- [MRP](https://magic-markets.com/tag/mrp/)
- [TFG](https://magic-markets.com/tag/tfg/)
- [JSE:TFG](https://magic-markets.com/tag/jsetfg/)
- [Hilton Worldwide Holdings](https://magic-markets.com/tag/hilton-worldwide-holdings/)
- [Hilton](https://magic-markets.com/tag/hilton/)
- [HLT](https://magic-markets.com/tag/hlt/)
- [Oracle Corporation](https://magic-markets.com/tag/oracle-corporation/)
- [$ORCL](https://magic-markets.com/tag/orcl/)
- [Adobe Inc](https://magic-markets.com/tag/adobe-inc/)
- [Pandora](https://magic-markets.com/tag/pandora/)
- [$PANDY](https://magic-markets.com/tag/pandy/)
- [Watches](https://magic-markets.com/tag/watches/)
- [Jewellery](https://magic-markets.com/tag/jewellery/)
- [Novo Nordisk](https://magic-markets.com/tag/novo-nordisk/)
- [$NVO](https://magic-markets.com/tag/nvo/)
- [Ozempic](https://magic-markets.com/tag/ozempic/)
- [Wegovy](https://magic-markets.com/tag/wegovy/)
- [Diabetes](https://magic-markets.com/tag/diabetes/)
- [Citigroup](https://magic-markets.com/tag/citigroup/)
- [$C](https://magic-markets.com/tag/c/)
- [Bank of America](https://magic-markets.com/tag/bank-of-america/)
- [$BAC](https://magic-markets.com/tag/bac/)
- [Abercrombie and Fitch](https://magic-markets.com/tag/abercrombie-and-fitch/)
- [$ANF](https://magic-markets.com/tag/anf/)
- [Birkenstock](https://magic-markets.com/tag/birkenstock/)
- [$BIRK](https://magic-markets.com/tag/birk/)
- [EssilorLuxottica](https://magic-markets.com/tag/essilorluxottica/)
- [$ESLOY](https://magic-markets.com/tag/esloy/)
- [ENXTPA:EL](https://magic-markets.com/tag/enxtpael/)
- [Eyewear](https://magic-markets.com/tag/eyewear/)
- [Eyecare](https://magic-markets.com/tag/eyecare/)
- [$VWAGY](https://magic-markets.com/tag/vwagy/)
- [NextEra Energy](https://magic-markets.com/tag/nextera-energy/)
- [$NEE](https://magic-markets.com/tag/nee/)
- [Electric Utilities](https://magic-markets.com/tag/electric-utilities/)
- [Meta Platforms](https://magic-markets.com/tag/meta-platforms/)
- [Microsoft Corporation](https://magic-markets.com/tag/microsoft-corporation/)
- [Magnificent Seven](https://magic-markets.com/tag/magnificent-seven/)
- [Services](https://magic-markets.com/tag/services/)
- [Palantir](https://magic-markets.com/tag/palantir/)
- [PLTR](https://magic-markets.com/tag/pltr/)
- [Analytics](https://magic-markets.com/tag/analytics/)
- [Uber Technologies](https://magic-markets.com/tag/uber-technologies/)
- [UBER](https://magic-markets.com/tag/uber/)
- [Cashbuild](https://magic-markets.com/tag/cashbuild/)
- [JSE:CSB](https://magic-markets.com/tag/jsecsb/)
- [CSB](https://magic-markets.com/tag/csb/)
- [Italtile](https://magic-markets.com/tag/italtile/)
- [JSE:ITE](https://magic-markets.com/tag/jseite/)
- [ITE](https://magic-markets.com/tag/ite/)
- [Speciality Retail](https://magic-markets.com/tag/speciality-retail/)
- [Public Storage](https://magic-markets.com/tag/public-storage/)
- [PSA](https://magic-markets.com/tag/psa/)
- [Domino's Pizza](https://magic-markets.com/tag/dominos-pizza/)
- [$DPZ](https://magic-markets.com/tag/dpz/)
- [Monster Beverage Corporation](https://magic-markets.com/tag/monster-beverage-corporation/)
- [Food and Beverage](https://magic-markets.com/tag/food-and-beverage/)
- [Toyota Motor Corporation](https://magic-markets.com/tag/toyota-motor-corporation/)
- [TM](https://magic-markets.com/tag/tm/)
- [Hybrid](https://magic-markets.com/tag/hybrid/)
- [Affirm Holdings Inc](https://magic-markets.com/tag/affirm-holdings-inc/)
- [Affirm](https://magic-markets.com/tag/affirm/)
- [AFRM](https://magic-markets.com/tag/afrm/)
- [Finance](https://magic-markets.com/tag/finance/)
- [Rental](https://magic-markets.com/tag/rental/)
- [Leasing](https://magic-markets.com/tag/leasing/)
- [BNPL](https://magic-markets.com/tag/bnpl/)
- [Buy Now Pay Later](https://magic-markets.com/tag/buy-now-pay-later/)
- [Saudi Aramco](https://magic-markets.com/tag/saudi-aramco/)
- [SASE:2222](https://magic-markets.com/tag/sase2222/)
- [2222](https://magic-markets.com/tag/2222/)
- [Broadcom](https://magic-markets.com/tag/broadcom/)
- [$AVGO](https://magic-markets.com/tag/avgo/)
- [Under Armour](https://magic-markets.com/tag/under-armour/)
- [UAA](https://magic-markets.com/tag/uaa/)
- [UA](https://magic-markets.com/tag/ua/)
- [MDGL](https://magic-markets.com/tag/mdgl/)
- [MYO](https://magic-markets.com/tag/myo/)
- [Madrigal](https://magic-markets.com/tag/madrigal/)
- [Myomo](https://magic-markets.com/tag/myomo/)
- [IT Services](https://magic-markets.com/tag/it-services/)
- [TSE: EMA](https://magic-markets.com/tag/tse-ema/)
- [EMA](https://magic-markets.com/tag/ema/)
- [NextEra](https://magic-markets.com/tag/nextera/)
- [Movies](https://magic-markets.com/tag/movies/)
- [Trade](https://magic-markets.com/tag/trade/)
- [$GS](https://magic-markets.com/tag/gs/)
- [United Health Group](https://magic-markets.com/tag/united-health-group/)
- [$UNH](https://magic-markets.com/tag/unh/)
- [Insurers](https://magic-markets.com/tag/insurers/)
- [Internet](https://magic-markets.com/tag/internet/)
- [Brandz](https://magic-markets.com/tag/brandz/)
- [Electrification](https://magic-markets.com/tag/electrification/)
- [Megatrend](https://magic-markets.com/tag/megatrend/)
- [Chipotle Mexican Grill](https://magic-markets.com/tag/chipotle-mexican-grill/)
- [Wingstop](https://magic-markets.com/tag/wingstop/)
- [Coca-Cola](https://magic-markets.com/tag/coca-cola/)
- [$KO](https://magic-markets.com/tag/ko/)
- [Beverages](https://magic-markets.com/tag/beverages/)
- [clothing](https://magic-markets.com/tag/clothing/)
- [Mastercard](https://magic-markets.com/tag/mastercard/)
- [$MA](https://magic-markets.com/tag/ma/)
- [Intel](https://magic-markets.com/tag/intel/)
- [$INTC](https://magic-markets.com/tag/intc/)
- [Computing](https://magic-markets.com/tag/computing/)
- [NVDA](https://magic-markets.com/tag/nvda/)
- [Sneakers](https://magic-markets.com/tag/sneakers/)
- [politics](https://magic-markets.com/tag/politics/)
- [consumers](https://magic-markets.com/tag/consumers/)
- [Pepkor](https://magic-markets.com/tag/pepkor/)
- [bond yield](https://magic-markets.com/tag/bond-yield/)
- [elections](https://magic-markets.com/tag/elections/)
- [US Jobs](https://magic-markets.com/tag/us-jobs/)
- [Jobs Data](https://magic-markets.com/tag/jobs-data/)
- [JOLTs](https://magic-markets.com/tag/jolts/)
- [Non-Farm Payrolls](https://magic-markets.com/tag/non-farm-payrolls/)
- [ADP](https://magic-markets.com/tag/adp/)
- [Central banks](https://magic-markets.com/tag/central-banks/)
- [investment bias](https://magic-markets.com/tag/investment-bias/)
- [home country bias](https://magic-markets.com/tag/home-country-bias/)
- [London](https://magic-markets.com/tag/london/)
- [international markets](https://magic-markets.com/tag/international-markets/)
- [FTSE](https://magic-markets.com/tag/ftse/)
- [Stellantis](https://magic-markets.com/tag/stellantis/)