Market Overview

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

Today, we see a slight risk-off sentiment and a flat or red opening in the market. In the metal space, see copper open slightly lower than yesterday, which should have a domino effect on various miners. PGMs (Platinum Group Metals), in the meantime, are particularly interesting to keep an eye on, as they are approaching the resistance levels, and we expect noticeable gains if they are able to break past them. Arguably, the most interesting news today is President Trump’s visit to China, along with his entourage of tech sector heads, which is going to last until tomorrow, 15th May.

China

We recommend keeping an eye on the Chinese market, as following yesterday’s negotiations, Chinese companies are now allowed to purchase microchips from NVIDIA (NVDA). We’ve also seen dramatic gains in both stocks and ETFs yesterday, which makes today a good opportunity for some short-term profits.

From left to right: KWEB, China’s internet ETF, Alibaba (BABA), a Chinese tech and e-commerce multinational, and Baidu (BIDU), a Chinese internet and A.I. multinational.

Local Stocks

Copper Miners

Copper miners are likely to take a hit, as copper starts the day lower, making companies like Glencore (GLN) and Anglo American (AGL) a possible investment opportunity.

Left: Glencore plc (GLN) Right: Anglo American plc (AGL)

Foschini Group (TFG)

We saw the apparel retailers take a hit earlier this week. Foschini has had the best recovery performance so far, which could lead to Vodacom (VOD) achieving some gains due to their partnership.

Earnings

Pre-market Earnings

Bullish (BLSH)

Bullish is a cryptocurrency exchange and blockchain company based in the Cayman Islands.

Klarna (KLAR)

Klarna is an online financial service provider, operating in 26 countries.

After-market Earnings

Nubank (NU)

Nubank, or Nu, is a bank and financial institution based in Brazil. It is the largest fintech (financial tech) company in Latin America.

Rumble (RUM)

Rumble is a North American video platform and cloud service company based in Canada.

Applied Materials (AMAT)

Applied Materials is an American equipment, service and software provider for manufacturing of semiconductors, digital screens and more.

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