Consumer durables

Tesla: Trying to Put the Auto in Automobile

Magic Markets2024-07-10T22:23:22+02:00

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.

Tesla: Trying to Put the Auto in AutomobileMagic Markets2024-07-10T22:23:22+02:00

Acushnet: Still a Hole-in-One?

Magic Markets2024-07-03T20:32:16+02:00

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?

Acushnet: Still a Hole-in-One?Magic Markets2024-07-03T20:32:16+02:00

Stellantis: The Bubble Brands

Magic Markets2024-06-19T14:47:29+02:00

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.

Stellantis: The Bubble BrandsMagic Markets2024-06-19T14:47:29+02:00

Recap: Ferrari

Magic Markets2024-03-27T22:45:48+02:00

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.

Recap: FerrariMagic Markets2024-03-27T22:45:48+02:00

Magic Markets Ep160: Tesla and Volkswagen

Magic Markets2024-02-01T02:24:51+02:00

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!

Magic Markets Ep160: Tesla and VolkswagenMagic Markets2024-02-01T02:24:51+02:00

Magic Markets Ep157: Pandora and Swatch

Magic Markets2024-01-10T16:47:45+02:00

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.

Magic Markets Ep157: Pandora and SwatchMagic Markets2024-01-10T16:47:45+02:00

Recap: Ford

Magic Markets2023-12-07T02:05:39+02:00

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?

Recap: FordMagic Markets2023-12-07T02:05:39+02:00

O’Reilly Automotive: Are Electric Vehicles the Real Risk?

Magic Markets2023-10-11T21:54:59+02:00

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?

O’Reilly Automotive: Are Electric Vehicles the Real Risk?Magic Markets2023-10-11T21:54:59+02:00

Recap: Hasbro and Visa

Magic Markets2023-06-29T08:44:36+02:00

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.

Recap: Hasbro and VisaMagic Markets2023-06-29T08:44:36+02:00

Aston Martin: Burning Cash Faster than Fuel

Magic Markets2023-05-31T22:16:53+02:00

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.

Aston Martin: Burning Cash Faster than FuelMagic Markets2023-05-31T22:16:53+02:00

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