Nvidia juggernaut just keeps on going (#588)

JSE Direct with Simon Brown

Nvidia's Financial Performance

• Nvidia's Q1 Results:
• Revenue up 262% year-on-year to $26 billion.
• Net income up 628% year-on-year to $14.9 billion.
• Gross margins at 78.9%.
• Stock Split: 10-for-1 stock split set for 7 June.
• Market Reaction: Stock traded over $1,000 in the aftermarket.

Anglo American and BHP Group

• BHP's Third Offer: Anglo American rejects BHP’s third offer.
• Deal Concerns: Issues with the price and risk of the deal.
• Next Steps: Extended deadline for BHP's offer to 29 May.

Richemont's* Results

• Richemont's Position: Holding steady in a tough luxury market.
• Earnings Growth: Expected around 10% over the next few years.
• Preferred Stock: Richemont favored over LVMH for its focused luxury product line.

Copper Market

• Copper Boom: Strong performance but cautious outlook due to potential price pullbacks.
• Investment Options: Local ETNs and offshore ETFs available for copper investment.

Structured Products

• Educational Video: Power Hour session on structured products by Kevin Swartz from Standard Bank.
• Features: Capital protection and enhanced upside.

Pick n Pay's Plan

• Sales Update: For 52 weeks ending 25 February, bleak results expected.
• Market Reaction: Stock closed 4.5% higher on news of a plan.

South African Economic Indicators

• CPI Inflation: 5.2% for April.
• Primary Surplus: Revenue exceeded expenditure (excluding interest).

Vehicle Sector Analysis

• Companies Covered: Combined Motor Holdings (CMH), WeBuyCars, Motus, and Zeda.
• WeBuyCars showed strong sales growth.
• Motus and CMH had high dividend yields.
• Zeda focuses on car rentals and mobility as a service.
• CMH preferred for its consistent performance and dividend yield.

Home Building Sector Analysis

• Companies Covered: Calgro M3* and Balwin.
• Balwin struggling with higher-priced units.
• Calgro M3's flexible pricing strategy favored in current market conditions.

[caption id="attachment_42201" align="aligncenter" width="849"] Calgro M3 vs Balwin[/caption]

Santova Directors' Selling

• Director Sales: Recent director sales not seen as a significant concern.
• Market Impact: Director selling viewed as a neutral action.

Disclaimer

JSE Direct is an independent broadcast and is not endorsed or affiliated with JSE Limited. Views expressed are solely those of the presenter.

* I hold ungeared positions.

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