Welcome to Magic Markets Episode 153, brought to you by B2IT. In this episode, we're dipping our toes into the dynamic world of media and streaming as we discuss Comcast and MultiChoice. Dive in with us as we answer questions like: Is there more than one way to invest in MultiChoice? There’s an innovative approach behind Comcast's Peacock streaming service, and it’s paying off with 60% year-on-year revenue growth. How does their experimentation with ad-supported tiers set them apart in the evolving world of streaming? What's driving MultiChoice's subscriber growth in the face of challenges like load shedding, and how does their emphasis on local content play a pivotal role in retaining viewers? There’s a strategic partnership unfolding between Comcast and MultiChoice – one that could potentially bring English Premier League football to Africa. What implications does this have for the different potential entry points into MultiChoice? How does MultiChoice navigate the competitive streaming landscape, and what strategies are they employing to adapt to changing viewer habits, especially with the surge in popularity of platforms like Netflix and Disney+? How does Comcast compare to some of its listed peers, and is Disney still the eternal disappointment? If you enjoy learning about the strategies used by global companies, then you’ll love Magic Markets Premium with a library of over 100 reports and podcasts with even more detail and depth. You can get access to all our work for just R99/month at this link. This episode of Magic Markets is brought to you by B2IT data and process automation specialists. The company makes robots so that people don’t have to be robots. If you hate it, automate it with B2IT by visiting the website at this link.

In episode 152 of Magic Markets, we’ve lined up a battle of the retail giants – Target vs. Walmart. Although we haven’t covered the former yet in Magic Markets Premium, we’ve covered Walmart and some of its largest competitors, like Costco. Here’s just a taste of what was discussed: Ghost kicks us off with a very helpful lesson on why we should look at constant currency numbers when discussing businesses with an international footprint, such as Walmart. Hint: forex volatility will really skew your outlook on how a business is actually performing. Target has raised its midpoint for its full-year guidance by 9%, The growth story is looking good – particularly for a retailer – and Moe is ready to unpack not only the reasons behind the growth, but the trends behind certain product categories. Just how sticky is inflation, really? There’s some narrative from Walmart that suggests that relief could be on the horizon. When asked which of these two retailers they would buy, Moe and Ghost chose names like Costco and TJX. Technically that’s cheating, but they might just get away with it because they’ve given good reasons for their choices. If you enjoy learning about the strategies used by global companies, then you’ll love Magic Markets Premium with a library of over 100 reports and podcasts with even more detail and depth. You can get access to all our work for just R99/month at this link. This episode of Magic Markets is brought to you by B2IT data and process automation specialists. The company makes robots so that people don’t have to be robots. If you hate it, automate it with B2IT by visiting the website at this link.

Welcome to episode 151 of Magic Markets! This week, we’ve got property on our minds – buying it, renting it and even building it from the ground up. While Ghost is bringing homegrown insights from locally listed property investors Balwin (primary focus) and Calgro M3 (additional commentary), Moe is discussing DR Horton (no relation to Dr. Seuss), a home construction company headquartered in Arlington, Texas. Brought to you by our sponsors B2IT, this is an important episode not only for those who are thinking of investing in property companies, but also for those who are thinking of investing in property itself. We covered the following questions and more: Year-to-date, DR Horton is up far more than you might guess, despite this inflationary environment. What does this performance teach us about combining macro analysis with a view from the bottom up? Despite the fact that Ghost is discussing a company in the property sector, he has a lot to say about public transportation and vehicle finance. What would the connection between those two things be? Why is Balwin, which targets an upper-to-mid LSM, lagging behind Calgro M3 and its lower income consumers? Why is America dealing with a chronic housing shortage, and how does that affect a homebuilding company like DR Horton? If you enjoy learning about the strategies used by global companies, then you’ll love Magic Markets Premium with a library of over 100 reports and podcasts with even more detail and depth. You can get access to all our work for just R99/month at this link. This episode of Magic Markets is brought to you by B2IT data and process automation specialists. The company makes robots so that people don’t have to be robots. If you hate it, automate it with B2IT by visiting the website at this link.

Welcome to another exciting episode of our podcast featuring Justine Brophy from AnBro, a voice familiar to listeners. This week, we're revisiting Dexcom as a stock that AnBro holds in its Unicorn portfolio. It’s great to be able to track the journey of a specific stock through a volatile market, with Justine regularly coming onto the show to use it as a good example of how the team at AnBro reacts to market dynamics. Specifically, we discussed: What has caused the recent market turbulence and has the narrative from the Fed changed? What does Dexcom do? Why does AnBro remain invested in the stock, despite a headache-inducing rollercoaster ride from $112 to $74 and back to $96 per share? What factors are contributing to the company’s revenue growth and margin improvements? What does the competitive landscape look like for Dexcom and is there risk of market entry by a wearables powerhouse like Apple? If you enjoy learning about the strategies used by global companies, then you’ll love Magic Markets Premium with a library of over 100 reports and podcasts with even more detail and depth.. You can get access to all our work for just R99/month at this link. Episode 150 of Magic Markets is brought to you by AnBro Capital Investments, an authorised Financial Services Provider FSP number 48371.

Welcome to episode 149 of Magic Markets. It’s the middle of US earnings season, and two international tech giants have released results last week. This is a tale of two stocks, with one garnering a very positive reaction from the market and the other… well, not so much. Join us as we discuss Amazon and Alphabet (the holding company of Google), answering the following questions along the way: Something has happened that has swung the market’s opinion on Amazon this year. Has Artificial Intelligence won the hearts of investors, or is something else afoot? Could it be free cash flows? When we covered Alphabet a little over a year ago, we concluded that the stock was cheap on its trailing multiple, but not on its forward multiple, and we highlighted the fact that a weaker dollar might actually help this company out. Did our predictions come true? And how did old favourite Microsoft perform in comparison? AWS is seen as the jewel in Amazon’s crown. Can we explain this using margin mix, which means comparing the margins in AWS to the eCommerce business? How is the core advertising business at Alphabet performing relative to the rest of the group? And is the group making progress with Artificial Intelligence? Can we learn anything about investing from cats and dogs? And of course – if we could only pick one of these companies, which would we pick? Are there any other insights about the US market? And remember, for deep insights into global companies, our Magic Markets Premium research library has over 100 reports and podcasts with even more detail and depth. You get all of it, along with a new report each week, for just R99/month at this link. This episode of Magic Markets is brought to you by B2IT data and process automation specialists. The company makes robots so that people don’t have to be robots.  If you hate it, automate it with B2IT by visiting the website at this link.

Welcome to episode 148 of Magic Markets, made available to you by our friends at B2IT. This week, we cast our eyes beyond our local borders to bring you insights from two heavy hitters in the international market: Netflix and Tesla. These household names are making major moves and stirring up emotions as a result, with Tesla hyping up the Cybertruck while Netflix is all about ad-supported tiers. Beyond these points, we also discussed the following questions: Ghost is bearish on Tesla but trying his best to stay objective. Will the fact that the company is still free cash flow positive sway him, or are the holes in the gross margin story too big to be overlooked? Netflix has seen strong subscriber growth, resulting in free cash flow up at $6.6 billion. Is this enough to tempt Moe to get back in? There’s a lot of potential market share out there for Tesla to win. But is the Cybertruck the way to win it? Netflix has finally played the price increase card, and the market is loving it. But are password-sharing users actually converting? And remember, for deep insights into global companies, our Magic Markets Premium research library has over 100 reports and podcasts with even more detail and depth. You get all of it, along with a new report each week, for just R99/month at this link. This episode of Magic Markets is brought to you by B2IT data and process automation specialists. The company makes robots so that people don’t have to be robots.  If you hate it, automate it with B2IT by visiting the website at this link.

Brought to you by B2IT, special guest Garth Mackenzie of the Talking with Traders podcast and Traders Corner platform joined us to discuss whether traders can still make money in a challenging market. The short answer: yes, they can. And sometimes, the answer is to be short! Topics covered include: How do you keep your head in check when the markets deliver blows and everyone seems to be winning but you? What happened to the “When Lambo?” banter of the pandemic and how does this tie into the broader environment that we saw for a while in low interest rates? Many people hold on to the dream of learning trading and making a lot of money from it, but for how many does that dream actually become a reality? Why are there so few traders making a full-time living from this? Why is it important to find a trading style that matches your personality type? This episode of Magic Markets is brought to you by B2IT data and process automation specialists. The company makes robots so that people don’t have to be robots.  If you hate it, automate it with B2IT by visiting the website at this link.

In Episode 146, Magic Markets digs into the food producer industry. This hasn’t been a great place to put your money during this period of heightened inflation, as consumer pressures tend to flow up through the value chain. We are celebrating 100 research reports and podcasts in Magic Markets Premium. Use the coupon MAGIC100EPS on checkout for an annual Magic Markets Premium subscription and save R100. This means you’ll pay just R899 for 12 months – or under R75 per month! As usual, we lean on our research in Magic Markets Premium for the global choice in this show, with Moe covering McCormick (20% market share in the spices and seasoning market in North America). The Finance Ghost chose a selection of South African food producers to talk about, indicating the pressures in the industry. Specifically, the hosts talked about: The severe inflationary pressures in food (including in staples) and the impact this has on consumers. The double top in McCormick that seems to be coming into play, with deteriorating fundamentals (specifically in margins and resultant pressure on profits) adding to the bear case. A look at whether our original pick of PepsiCo vs. McCormick was the right call on a relative and absolute basis. The substantial drop in sales in Asia Pacific at McCormick, a good example of how geographical diversification doesn’t always work out well. The usefulness of blue Dorito’s as an index for all bad calorie decisions (!) The reason why none of the South African listed food producers have “chicken” or “poultry” in their names, with a discussion on how the law of small numbers can explain significant volatility in profits and why this industry is facing such headwinds. AVI has a great example of how a good company doesn’t always translate to an enjoyable share price performance, particularly where valuation multiples unwind. Overall bearishness on the sector in South Africa, specifically with reference to trends in private label products at retailers and on-demand shopping. This episode of Magic Markets is brought to you by B2IT, data and process automation specialists. The company makes robots so that people don’t have to be robots. If you hate it, automate it with B2IT by visiting the website at this link.

The hospitality game is all about occupancy and pricing and getting those two things right. Just because we’re talking about the travel and leisure industry this week, doesn’t mean you can just sit back, kick up your feet and watch your investments compound. Join us on a deep dive into Carnival Corporation and Southern Sun, as we ask and answer the following questions: Carnival Corporation just posted its first profit since 2020. So why is the stock still falling sharply? Leisure travel is where it’s at for Southern Sun – but does that mean that business travel is a complete dud? The cruise ship posse seem to be making impressive gains in the short term – but does that mean that they can beat their land-based competitors at the long game? Is there a market for conferences on cruise liners? Magic Markets Premium subscribers will remember that we’ve spoken about Carnival Corporation and their fight to stay afloat before. To access that show and a wealth of others, sign up to become a Premium subscriber today. This episode of Magic Markets is brought to you by B2IT, data and process automation specialists. The company makes robots so that people don’t have to be robots. If you hate it, automate it with B2IT by visiting the website at this link.

In this exciting episode of Magic Markets, we delve into the captivating world of finance and banking, focusing on a heavyweight showdown between two financial giants: JP Morgan, the original titan of banking, and Standard Bank, a formidable local hero in its own right. This clash of financial titans promises to be a battle of financial wits, global reach versus local expertise, and a testament to the evolution of the banking industry. Join us as we answer the following questions: • JP Morgan is up 8% on a year-to-date basis - could it be possible that Standard Bank is up even further than that?• If Capitec Bank is the Margarita of pizzas, what does that make Standard Bank?• What is the endowment effect, and how is it helping banks when interest rates are going up?• Should we be heeding JP Morgan CEO Jamie Dimon’s warnings about stagflation & a 7% FED funds rate? Magic Markets Premium listeners will remember that we’ve uncovered a lot of what makes JP Morgan tick in one of our previous Premium reports. To access that research as well as our full library of over 100 companies, upgrade to Premium today. This episode of Magic Markets is brought to you by B2IT, data and process automation specialists. The company makes robots so that people don’t have to be robots. If you hate it, automate it with B2IT by visiting the website at this link. Have we piqued your interest? Are you hungry for more? If so, you can opt in for more insights into specific global stocks when you sign up for Magic Markets Premium for just R99/month.