Market Overview

The following is a partial recap of the market analysis shared during today’s morning Discord call.

Today’s market opens in a sea of green, a marginally stronger Rand, and oil as the only loser. This could be, in part, a result of hopeful market sentiment ahead of tomorrow’s meeting between President Trump and Xi. We also notably see both copper and silver maintain yesterday’s strength, while platinum and palladium seem to lose market interest for the time being. All in all, we recommend keeping an eye on today’s earnings reports, and we also believe it’s possible to see a repeat of yesterday’s pattern, where the market starts off bearish but then buys again towards the afternoon.

Semiconductors

Intel (INTC), along with others in the sector such as Qualcomm (QCOM) and Micron (MU), had a massive drop yesterday, which set a trend for semiconductors as a whole. However, while some companies, such as the previously mentioned Qualcomm, are still down, most of the losses were recovered over the course of the day. Considering the dramatic shifts in certain stocks, we recommend trading in small amounts if you intend to play contrarian.

Local Stocks

AngloGold Ashanti (ANG)

AngloGold and the other gold miners performed very well yesterday, and the lowered oil price should have an impact, as it reduces the company’s operating costs.

Pick N Pay Stores (PIK)

Pick N Pay and other food retailers have seen drops of varying intensity, as the sector seems to see a lot of selling.

Earnings

Today has a few highly anticipated earnings from China and the tech sector at large.

Pre-Market Earnings

Alibaba Group (BABA)

Alibaba is a Chinese tech and e-commerce company. We intend to keep a close eye on the results to gauge the state of China’s tech sector.

Nebius (NBIS)

Nebius is a tech and A.I. infrastructure company based in the Netherlands.

After-Market Earnings

Tencent (700)

Tencent is a Chinese tech multinational. The company’s earnings performance is likely to impact Naspers (NPN) and Prosus (PRX), as they are major shareholders.

USA Rare Earth (USAR)

USA Rare Earth is an American mining company, specialising in rare earth metals and heavy rare earths.

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*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.