Over 90 days has passed for 2019, and the JSE is already up over 8% for the year.
This was mainly due to the ever-rising resource stocks, which make up a big percentage and weight of the JSE Top 40.
In fact, my Red Hot Storm Traders have managed to bank over 200% gains on six winning resource stocks this year alone.
If you missed this first quarter of profits, you have nothing to wo... ››› more
2018 was a wild year for investors as almost everything except cash produced negative returns. Brent crude was down 19.5% for the year, sending Sasol back to where it started the year after staging a spectacular rally above R580.
The R400 support level has proven to be a strong support level, which buyers have defended.
Take a look at the chart below.
The Oil pr... ››› more
Globally, shares are deep in correction territory, offering patient investors opportunities to deliver returns in a tough market.
Sasol has fallen almost 30% from its September high to below R420 on a weaker oil price and weak global sentiment. The R400 support level should be the bottom ahead of a move higher.
Last week, Sasol released a positive trading update for the interim period to 3... ››› more
The state of our nation
A strong rally on Friday reversed losses on the JSE and helped the Top 40 close the week up 0,75%. Financials gained 2% while Industrials and Resources were marginally higher.
Markets continued to respond positively to the Trump administration's rhetoric, particularly regarding lower taxes. Data from China and Japan supported the market rally. The Nikkei rose 2,5% a... ››› more
The most traded commodity in the world is also the most disappointing commodity in the world.
The oil industry has taken off to new heights. And by new heights I'm certainly NOT talking about revenue or prices.
I'm talking about the ridiculous increase in oil production per day.
Back in 1980, we had around 59 million barrels of oil produced per day. This year we have over 85 million barrels... ››› more
This morning, Sasol released a trading update regarding its full-year results to the end of June.
Shares in Sasol responded positively to the news as the update suggests the impact of lower oil prices hasn't been as bad as first feared.
Let's take a closer look…
Sasol beats analyst forecasts
Sasol [JSE:SOL] said it expects its headline earnings for the 12 months to the end of June... ››› more
Founded in 1950, Sasol Limited is a South African global energy and chemical company and is one of the Johannesburg Stock Exchange's Top 40 companies…
Full name: Sasol Limited
Short name: Sasol
Sector: Chemicals - chemicals
Five top facts about Sasol
Sasol employs over 32,400 people worldwide in 37 countries, specialising in producing synthetic fuels, as well... ››› more
Earlier today, Sasol released its results for the six-months to the end of December.
The petrochemicals giant results came in broadly in line with expectations. And as Sasol previously indicated, the company did cut its dividend.
Let's take a closer look at what the results revealed…
Sasol grew earnings 6%
Sasol [JSE:SOL] posted a “6% rise in first-half earnings,” reports Fin2... ››› more
What on earth is going on with the stock market and the currency market!
Sasol has tanked over 30% in the last few months and is not showing any sign of strong upside…
The Swiss National Bank removed the cap on the Swiss Franc, which caused the US Dollar to tank over 2,000 pips against the Swiss Franc, in a couple of minutes.
If you were short in the USD/CHF trade, congratulations becau... ››› more
The oil price is down from $110 a barrel to $47 a barrel in the past seven months.
I'm sure you enjoy this 57% drop in the oil price it every time you fill up your car, I certainly do… But the picture is dire for all companies that make their money from the oil sector.
Layoffs, drilling shutdowns... and now bankruptcies are a real and imminent threat.
On Tuesday 20 January oil-field ser... ››› more
Since June last year, the oil price has more than halved. In the face of oversupply and dwindling demand, the price of oil has headed swiftly south.
A lower oil price is beneficial to many. Motorists in SA and around the world have welcome large cuts to the price of petrol.
But for companies in the oil industry, it's a different story. Take South African energy company Sasol. Its share price... ››› more
Oil is well on its way down, and the on-going wars between oil producers don't look like they're going to end just yet...
But - This is perfect for traders like you…
Less than four months ago, Sasol was trading at R637.00 a share and has since plummeted to R400.00 - A mind-blowing 37% fall in the share price in only a matter of months!
But, looking at the charts, I expect the next ta... ››› more
There've been mixed emotions with the ongoing oil crash.
This week, the petrol price dropped 127 cents, and everyone is over the moon!
In fact, when I filled up my car, I saved a whopping R50 and I felt ecstatic.
Yay! Excuse my sarcasm...
But on the other hand, oil dropped an insane 59.74% from $126.69 to $51 a barrel.
And now, it's starting to have a lethal impact on the oil st... ››› more
The commodity-heavy Johannesburg Stock Exchange is under severe pressure as commodity prices tumble yet again.
Many of the local bourse's heavyweights are commodity stocks. Several of them are down over 7% and 8%.
Let's take a closer look at what's going on…
The JSE fell hard following commodity prices lower
Today, stocks on the JSE fell “the most in more than six weeks,” repo... ››› more
The tensions between the Ukraine and Russia have been in the media for months now. But it appears things are slowly escalating. And the battle lines between East and West are becoming ever clearer.
In fact, Tony Blinken, US Deputy National Security Advisor has said he believes the Russians have used the downed Air Malaysia passenger plane that was shot down as a distraction tactic. Time reporte... ››› more
Over the past week, Bloomberg reported that militants connected to al-Qaeda extremists have been attacking in Iraq again.
The group already seized Mosul which forced a halt to repairs on the main oil pipeline from the Kirkuk oil fields to the Mediterranean. And now they're moving south.
Now, no one wants to see violent attacks anywhere in the world. But as a trader you need to know how to re... ››› more
The JSE ended the yesterday higher after lacklustre morning trade. Pulling the local bourse higher was solid platinum and gold prices, and bumper performances by Naspers and Sasol. This helped the JSE shrug off negative sentiment. Let's take a closer look at what happened…
Gold and platinum buoyed the market’s performance
It was a day of “volatile trading” on the JSE yesterday, says I... ››› more
Last week Janet Yellen, the US Federal Reserve Bank (Fed) Chairperson, announced that the US could stop its economic stimulus program as early as the end of this year. And interest rates could start rising in 2015.
This move signaled the end of dollar weakness.
And it could make you a lot of money as a trader if you know where to look. In fact, I've got two great ways you can profit from thi... ››› more
Shale Gas could've been the next big boom sector in South Africa.
The Karoo is the fifth largest gas field in the world, and local as well as international companies are interested in developing it.
After all, according to estimates, shale gas extraction from the Karoo will lead to 9% GDP growth for South Africa!
And just imagine the possibility of extracting cheap shale gas and using it ... ››› more
Earlier today, Sasol Ltd released its results for the six months to the end of December. The energy and chemical company reported a solid growth in earnings over the period. The weaker rand helped Sasol's performance for the six months. And shareholders will be pleased to hear that it significantly increased its interim dividend. Let's take a closer look at what Sasol's results revealed…
Sasol... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.