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Global markets target record highs

by , 29 August 2018
Global markets target record highs
Global markets are riding a rising tide of positivity from hawkish FOMC meeting minutes, US Fed Chair Powell indicating the US economy is strong and a positive US and Mexico trade deal.

Investors shouldn't fear new record highs because historical market data indicates it's a bullish signal. When a new all-time high is achieved, there is a 90% chance of achieving a new all-time high in the four months that follow. And the Dow is on average 32% higher, five years after a fresh all-time high.

Our market is being driven higher by Naspers, at the AGM a focus was placed on unlocking value in the “Rump assets”. Traders are speculating share buybacks are on the cards.

The week ahead:
  • Local Data:   Money Supply, Private Sector Credit, PPI, SA Budget (30/08); Trade Balance (31/08)
  • Results Due: CSB, MDI, RNG, RCL, SHG (28/08); AIP, BAU, GRT, MUR, NRP, NT1 (29/08); AVL, ASR, MST, OLG, RSG, SNT, TOR (30/08); BEL, CAT, GND, HYP, OMU, SCP (31/08)
  • LDT (28/08): AFE, CCO, HMN, LHB, MRF, MTN, RNI, SCD, ASHWGB, ASHGEQ, and NEWGBP, NEWUSD (Special Dividends)


Other Economic data releases of interest…
  • Tuesday: CPI (JPN)
  • Wednesday: Prelim GDP, Crude Oil Inventories (USA)
  • Thursday: ANZ Business Confidence (NZL); Private Capital Expenditure (AUS); GDP (CAN)
  • Friday: CPI Flash Estimate (EU), Chicago PMI (USA)

Other Economic data releases of interest…
  • Tuesday: CPI (JPN)
  • Wednesday: Prelim GDP, Crude Oil Inventories (USA)
  • Thursday: ANZ Business Confidence (NZL); Private Capital Expenditure (AUS); GDP (CAN)
  • Friday: CPI Flash Estimate (EU), Chicago PMI (USA)
  Last week’s movers and shakers…


Your chance to win 5 out of 8 bets on the English Premier league!

Every day thousands of punters are looking for the perfect bet in sports betting! Most people think winning bets is down to blind luck.

And I get that.

But while there is an element of chance involved, the really, really great tipsters out there spend their time analysing hundreds - sometimes thousands - of pieces of data.

Then, that data is collected, collated and analysed.

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And the hard work really pays off.

Take this guy for example…

He's produced winners of up to R1,140 and even a whopping R1,750.

Every Friday evening he sends his readers simple, step-by-step instructions on what bets to place.
In short, it couldn't be easier for ordinary people like you to take advantage of this.

Overall, this trends expert lands a profit in around 60% of his bets.

Don’t miss this opportunity to get in on this betting strategy for the English Premier League.


One to Buy
Buy Tandem Protect by Old Mutual
Old Mutual’s Tandem Protect has gained significant popularity. It has just opened it’s eleventh tranche to investors.
We’ve mentioned previously that we like the two-pronged structure that comprises a cash component and an equity component.

The cash component (50%) provides a guaranteed return of 10.92% compounded annually net of fees for three years where after it pays out. This provides interim liquidity without any penalties applicable.

The other 50% is invested in an equally weighted fund of American and European shares (778 shares in total). You benefit from currency depreciation and are guaranteed to receive your capital back at the very least.You have absolutely no risk of loss. You get the full uncapped return of the index at maturity. If the Rand weakens 10% and the fund goes up 20%, you will make 30% total return, but it could be significantly more than that on this equity component.
Minimum Investment is R2 million and only individuals and Trusts may invest in this endowment. Closes 21 September 2018.

Short Term Ideas
GFI: Buy Long above R35.25 for a move back above R40. Target it R43.75 with stop loss of R32.55.

Long Term Ideas
  • FSR: Up 10%. Increase target price to R76.50. Raise stop loss to R67.50. Hold
  • Discovery: Up 16.67%. Hold
  • Coronation: Buy below R60.00 for a move back to R80
  • Dischem: Up 14.4%, raise target to R37.50. Hold
  • Shoprite: A break above R231, opens a run to R250. Hold.
  • Aspen: Breaking out of trading range, Approaching R300. Open gain 16.2%. Hold
  • Sygnia: Support building above R10.00. Add
  • Merafe: Accumulate below R1.55. Big Dividend LDT 28 August.
  • Jubilee: Speculative buy below R0.50.
  • MTN: Accumulate for long term below R110.00. LDT 28 August
  • Glencore: Open gain 20%. Hold
  • Wescoal: Long term buy. Dividend of 6.22c received. Add below R1.80
  • Naspers: Strong bounce after sell-off. Up 26% on position.  Buy dips below R3200.

Global markets target record highs
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