Market Standard 31 August 2020
WorldWide Markets with Simon Brown · JustOneLap.com
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Show Notes
Offshore / Tesla and Apple stock split today
/ Changes to the dow Jones; Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies
/ Reports that Walmart and Microsoft liked up to buy TicTok
/ ADP Employment Report on Wednesday
/ New Zealand exchange closes three times last week after cyber attacks
/ CNBC reports that U.S. tech stocks are now worth more than the entire European stock market
Local / Discovery updated update spooks markets
/ Famous Brands sells Tashas back to founder
/ Nedbank results (we now have 3 of the big 4)
/ Italtile results (still spending R800m on capex a year)
/ Northam results, great albeit 60% of their PGM basket is platinum. Buying back Zambezi pref shares.
/ Murray and Roberts results. Was a tough year but doing alright before the pandemic hit in March.