Magic Markets
267 episodes - English - Latest episode: about 1 month ago - ★★★★★ - 2 ratingsThe Finance Ghost and Moe-Knows discuss key market trends across stocks, currencies, fixed income, commodities, macroeconomics and geopolitical trends, helping you understand what's going on out there.
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Episodes
Magic Markets #179: Demystifying US Jobs Data
June 12, 2024 17:28 - 19 minutes - 24.8 MBThe headlines will often focus on US jobs data, but what does it really even mean? Why should people outside of the US care? And of course, what do all the acronyms mean? In demystifying the markets and bringing these concepts to the fore, Mohammed Nalla and The Finance Ghost talked through the jobs data and how it impacts central banks around the world. They also discussed the impact on equities in different sectors and how great jobs data isn’t always good news for shares. This podcast i...
Magic Markets #178: Collision Politics
June 05, 2024 10:13 - 25 minutes - 23.1 MBWith South Africa entering a new era of politics, we will soon find out whether coalition politics actually look more like collision politics. Either way, "the market" matters and will continue to matter, punishing poor policy decisions and any related uncertainty. In this show, Mohammed Nalla and The Finance Ghost discuss concepts like GDP growth, bond yields, the rand and the situation on the ground for South African consumers. This podcast is for informational purposes only and is not f...
Magic Markets #177: Nvidia and Intuit
May 29, 2024 12:22 - 22 minutes - 27.4 MBNvidia has been a headline grabber of note in global markets, with eyewatering returns that have left even the other semiconductor stocks for dead. Mohammed Nalla focused on not just the latest results from Nvidia, but the performance of other stocks in the sector. The Finance Ghost tackled Intuit, covering the growth in revenue across the product range and the importance of integration strategies within the ecosystem. Although this is a powerful SaaS business, the risk of a double top in t...
Magic Markets #176: Walmart and Under Armour
May 22, 2024 17:27 - 24 minutes - 29.6 MBWalmart is a good example of a pullback from the work-from-home trend that became a feature of the pandemic, with many viewing this as a return to the company’s roots. This is seen favourable against a backdrop of improved performance at Walmart. Under Armour is also going back to its roots, more out of necessity than by design. Founder Kevin Plank is back in the CEO role and has a very tough road ahead, with the company experiencing a sharp drop in sales and needing to reposition its produ...
Magic Markets #175: Chipotle Mexican Grill and Wingstop
May 15, 2024 17:07 - 23 minutes - 21 MBWhen quick-service restaurant groups get things right, they really get it right. Fast-growing companies in this sector can achieve rapid expansion because of the franchise model and the oldest trick in the book: using other people's money. Chipotle Mexican Grill and Wingstop are excellent examples of not just what success looks like in this space, but what investors are willing to pay for that success. Episode 175 of Magic Markets is brought to you by Future Forex. Listen to Episode 170 fo...
Magic Markets #174: Electrifying Stocks
May 08, 2024 21:45 - 33 minutes - 30 MBThe electrification theme is a rare thing, as it dishes up opportunities for value and growth investors alike. Some are buying coal and others are buying renewables, yet the underlying reasons aren’t as different as you might think. People are using more electricity than ever before and growth in generative AI is just adding to the problem – or opportunity, depending on how you view the world. To unpack this theme and how they apply it to the AnBro portfolios, Craig Antonie of AnBro joine...
Magic Markets #173: Forex at Future Forex
May 01, 2024 21:45 - 20 minutes - 21.7 MBYou already know about the crypto arbitrage offerings at Future Forex. If you don’t, refer back to Episode 170 for full details on how to avoid your annual offshore investment allowances going to waste, while generating returns which have consistently outperformed the market. In this show, Harry Scherzer is back on Magic Markets to discuss their FinTech forex offering that is currently disrupting the mainstream banks. With a full suite of forex services for individuals and companies alike,...
Magic Markets #172: Goldman Sachs and United Health Group
April 24, 2024 09:45 - 22 minutes - 27.1 MBDo you need to buy risky stocks to double your money (in dollars) over five years, or can you get the job done with US-based blue chips? In this episode of Magic Markets, we used Goldman Sachs and United Health as examples of stalwarts in their respective industries that have delivered excellent returns to shareholders. As good examples of buy-and-forget stocks, learning about these companies helps with offshore portfolio construction. Episode 172 of Magic Markets is brought to you by Futu...
Magic Markets #171: Foot Locker and Nike
April 17, 2024 21:45 - 24 minutes - 30.9 MBFoot Locker and Nike: friends, but also enemies. Foot Locker is Nike’s customer, yet Foot Locker’s customers are also Nike’s customers. Nike’s customers are Foot Locker’s customers. As you can see, there’s only one way to describe the relationship status here: complicated. Foot Locker has been the love-to-hate stock that value investors sometimes dip into. Nike has been a growth investor favourite, yet the stock really hasn’t done well either. Is the balance of power in this industry shif...
Magic Markets #170: Crypto Arbitrage - Don't Let Your Annual Allowance Go To Waste (with Future Forex)
April 10, 2024 19:29 - 24 minutes - 26.1 MBHarry Scherzer (co-founder and CEO of Future Forex) is back on Magic Markets to update us on the crypto arbitrage opportunity that Future Forex offers to clients. Having processed more than R22 billion on behalf of clients since inception, Future Forex has recently been approved as one of South Africa’s first CASPs (crypto asset service providers), giving further legitimacy to their crypto arbitrage investment’s exceptional track record. The allowance to invest capital offshore is availabl...
Magic Markets #169: Accenture and FactSet
April 03, 2024 21:45 - 21 minutes - 27.8 MBAccenture and FactSet are great examples of US-listed companies that service a global client base. In the case of Accenture in particular, that client base is immense. FactSet is far more focused, with a product that will be familiar to those working in financial markets. Both companies have had a disappointing start to the year, falling victim to a market slowdown. Having covered these groups before in Magic Markets Premium, we felt that a relook based on latest numbers was appropriate. T...
Magic Markets #168: Lululemon and FedEx
March 27, 2024 21:45 - 20 minutes - 25.9 MBFedEx and Lululemon have both been covered and recapped on Magic Markets Premium before. We love circling back and revisiting companies that we’ve researched before, as the feedback loop is so important when testing how an investment thesis played out. The Finance Ghost tackled Lululemon, one of the very best apparel stories on the market. Even the market darlings can take a knock though, with a slowdown in US sales driving a nasty drop in the share price. Is the business broken, or is this...
Magic Markets #167: Hidden Growth Gems - Madrigal and Myomo
March 20, 2024 21:45 - 29 minutes - 34.3 MBFor those who have been with us since the very beginning of Magic Markets, Moe’s blue hoodie is back! Well, a blue hoodie is back, even if it’s not the same one as before. Justine Brophy is also back, bringing us the latest thinking from AnBro Capital Investments. As is usually the case, these are growth stocks that almost certainly aren’t on your radar. Investing in these stocks requires deep research, sensible position sizing and an appreciation of the valuation metrics used in this space...
Magic Markets #166: Are Chips the New Oil? - Saudi Aramco and Broadcom
March 13, 2024 21:45 - 22 minutes - 28.1 MBAre chips the new oil? And no, we aren’t talking about oily chips, so take your junk food cravings elsewhere, like to last week’s show on Domino’s Pizza! In this show, Saudi Aramco and Broadcom were the focus areas. It would’ve been too obvious to choose Nvidia. The Finance Ghost dealt with Saudi Aramco, which has the uninspiring stock ticker 2222. That’s where the boring stuff ends, as the company boasts a highly impressive array of vertically integrated operations that go beyond just oil...
Magic Markets #165: Domino's Pizza and Monster Beverage
March 06, 2024 21:45 - 25 minutes - 32.7 MBWith pizza and energy drinks on the menu, this isn’t the healthiest episode of Magic Markets – at least not for your body. As for your portfolio, there’s a lot to sink your teeth into here. The Finance Ghost covered Domino’s Pizza, starting with a strategic analysis on why these types of businesses are doing so well in the modern world of ultra busy, dual-income households. A comparison of Domino’s and other global quick-service restaurants to JSE-listed peers over the past 10 years tells a...
Magic Markets #164: Cashbuild, Italtile and Home Depot
February 28, 2024 21:45 - 22 minutes - 28.4 MBThis episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website. In Episode 164 of Magic Markets, the focus is on home building and DIY stocks. On the global stage, that means Home Depot as one of the best blue chips around. In South Africa, this means Cashbuild and Italtile and all the struggles they are facing in this economy. To set t...
Magic Markets #163: Airbnb and Shopify
February 21, 2024 21:45 - 25 minutes - 33.1 MBThis episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website. Platform businesses are fascinating things that can make a great deal of money at scale. This week in Magic Markets Premium, we covered Uber and its emergence as a financial butterfly in literally the last year. To keep the platform theme going, we decided to cover Airbnb an...
Magic Markets #162: Momentum in Alternative Assets
February 14, 2024 21:45 - 31 minutes - 38.2 MBIn a world where investors are seeking alpha in their portfolios, alternative assets are resonating with clients looking for private market investment opportunities. Westbrooke Alternative Asset Management is focused on what they call “South African connected capital” - and they now manage more than R12bn of this capital! In this podcast with Dino Zuccollo, Head of Investor Solutions at Westbrooke, the Magic Markets hosts delved into topics including: The extensive activity in the portfoli...
Magic Markets #161: Meta and Microsoft
February 07, 2024 21:45 - 22 minutes - 25.4 MBThis episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website. Zuck you money. In Satya Nadella we trust. You’ll hear these things on this show, with the hosts focusing on two of the most exciting technology companies in the world. Moe took on Meta, a love/hate stock for so many in the market. It’s been all about the love recently thou...
Magic Markets #160: Tesla and Volkswagen
January 31, 2024 21:45 - 27 minutes - 33.5 MBThis episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website. From shoes to cars – this week, we tackle Tesla and Volkswagen. After some important debate on whether Tesla makes ugly cars or not, we got serious about the financial performance. In the interests of a more balanced view, Tesla-permabear The Finance Ghost stayed away from ...
Magic Markets #159: Crocs and Birkenstock
January 24, 2024 21:45 - 23 minutes - 28.9 MBThis episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website. In this episode of Magic Markets, we dug in the back of our cupboards for the shoes we are too embarrassed to wear. Perhaps we just aren’t fashionable enough, as there are many celebrities wearing Birkenstocks. As for Crocs, there are few who would put those on a pedestal fo...
Magic Markets #158: Citigroup and Bank of America
January 17, 2024 21:45 - 25 minutes - 32.1 MBThis episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website. With US earnings season underway and the most famous Wall Street banks having released results, we couldn’t resist digging into two such banks and the recent earnings. Instead of picking the obvious ongoing winner JPMorgan, we decided to delve into Bank of America and Citigr...
Magic Markets #157: Pandora and Swatch
January 10, 2024 21:45 - 23 minutes - 29.8 MBThis episode of Magic Markets is brought to you by data and process automation specialists B2IT. The company makes robots so that people don’t have to be robots. If you hate it, automate it by visiting the B2IT website. To kick off 2024, we take a look at two businesses that sit adjacent to each other in the speciality retail space. Pandora sells jewellery and Swatch sells watches at various price points. That brings us neatly to Moe’s first point, which is that Swatch is more than just th...
Magic Markets #156: Oracle and Adobe
December 20, 2023 21:45 - 26 minutes - 32 MBIn the final Magic Markets episode for 2023, hosts Mohammed Nalla and The Finance Ghost covered two global technology companies that sit adjacent to some of the more talked about names. Moe covered Oracle, giving an overview of the business (as many are familiar with the name but not the products) and details on their acquisition of Cerner during the pandemic to push into the healthcare market. He also looked at Oracle’s latest financial performance and the disappointing guidance given to t...
Magic Markets #155: Lululemon and SA Fashion Retail
December 13, 2023 09:00 - 22 minutes - 28.1 MBWelcome to another insightful episode of Magic Markets. This week, we’re talking about fashion retail. Moe is representing the global north with his choice of athleisure brand Lululemon, while Ghost is keeping things more general with a selection of South African fashion retail brands. We’ve covered Lululemon a few times in our Premium shows, and initially we were quite excited by some of the innovative strategic moves that this brand was making. What was once a niche player had ascended to...
Magic Markets #154: Dis-Chem and Ulta Beauty
December 06, 2023 21:45 - 24 minutes - 30.4 MBWelcome to episode 154 of Magic Markets. We're diving deep into the beauty sector this week, exploring stocks that bring a touch of glam to the market scene. Moe has his sights set on Ulta Beauty, the US-based beauty specialist retailer. After trading at around $546 a share back in April 2023, Ulta Beauty has seen some sharp moves, corrections, and a bounce. Moe takes us through the technical details, emphasising the importance of key support levels and the dynamics between fundamental resu...
Magic Markets #153: MultiChoice and Comcast
November 29, 2023 21:45 - 27 minutes - 32.8 MBWelcome 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 th...
Magic Markets #152: Walmart and Target
November 22, 2023 21:45 - 22 minutes - 28.7 MBIn 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 s...
Magic Markets #151: Balwin, Calgro M3 and D.R Horton
November 15, 2023 21:45 - 27 minutes - 34 MBWelcome 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 thos...
Magic Markets #150: Revisiting Dexcom
November 08, 2023 21:45 - 32 minutes - 39.3 MBWelcome 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 turbulenc...
Magic Markets #149: Amazon and Alphabet
November 01, 2023 21:45 - 21 minutes - 28.5 MBWelcome 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 Inte...
Magic Markets #148: Tesla and Netflix
October 25, 2023 21:45 - 21 minutes - 27.5 MBWelcome 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 t...
Magic Markets #147: Tips For Trading with Garth Mackenzie
October 18, 2023 21:45 - 31 minutes - 39.9 MBBrought 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...
Magic Markets #146: McCormick and SA Food Stocks
October 11, 2023 21:45 - 22 minutes - 29.3 MBIn 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 lea...
Magic Markets #145: Southern Sun and Carnival Corporation
October 04, 2023 21:45 - 18 minutes - 43.4 MBThe 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...
Magic Markets #144: JP Morgan and Standard Bank
September 27, 2023 21:45 - 23 minutes - 30.1 MBIn 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 Mor...
Magic Markets #143: Adobe and Salesforce
September 20, 2023 21:45 - 23 minutes - 29.9 MBWelcome to episode 143 of Magic Markets! Continuing with our new format, we explore two tech giants with cloud software-as-a-service models. Adobe, often called "Microsoft for creatives," has delivered strong recent returns and has some rather exciting developments in Artificial Intelligence (AI). Salesforce is also brilliantly positioned for AI, so the companies have more in common than you might think. With topics ranging from the passing of Adobe’s founder through to the substantial imp...
Magic Markets #142: Investing in the World's Biggest Brands - BRNDZ
September 13, 2023 21:45 - 23 minutes - 27.3 MBWelcome to episode 142 of Magic Markets, where the numbers keep getting bigger, just like the world's biggest brands featured in this show. Justine Brophy from AnBro is here to talk about a groundbreaking investment opportunity. Together, we dive into a portfolio that provides exposure to the world's top 100 brands by brand value, ranging from household names like Apple and Google to global giants like China Mobile and UPS. When we say this info is hot off the presses, we mean it – the pro...
Magic Markets #141: Lululemon and Ulta Beauty
September 06, 2023 21:45 - 21 minutes - 20.5 MBWelcome to episode 141 of Magic Markets. In this episode, we dug through the latest earnings transcripts of two intriguing global companies: Lululemon and Ulta Beauty. Lululemon, the pioneer of athleisure, is known for its premium yoga pants and impressive growth. Back in April 2022, we discussed this stock when it was trading around $377, and we were concerned about lofty valuations back then. After correcting to levels we liked by the time of our recap in December 2022, the stock rebounde...
Magic Markets #140: Crocs and Nike
August 30, 2023 21:45 - 21 minutes - 19.9 MBIn the ever-evolving world of footwear, two feuding giants stand tall: Crocs and Nike. These industry titans have recently unveiled their latest financial results, sending ripples across the market. In this podcast, we’ll be discussing their performance and strategies with a look through to the work we’ve uncovered on both brands in the Magic Markets Premium library. So, lace up or slip into your favourite pair as we answer the following questions: Crocs delivered a positive surprise when w...
Magic Markets #139: Disney and Yum! Brands
August 23, 2023 21:45 - 20 minutes - 19.3 MBAs the earnings season in the US draws to a close, it's the perfect moment to reflect on two unrelated but undeniably interesting companies that have been on our radar. The ever-evolving nature of the markets teaches us that what made sense a year ago can be dramatically different today. In this week’s episode of Magic Markets, we’re diving into Disney and Yum! Brands to see how they've fared since our last discussion. Some of the points we discussed include: Is Disney losing the plot whe...
Magic Markets #138: Caterpillar and Home Depot
August 16, 2023 21:45 - 19 minutes - 24.3 MBIn this week’s episode of Magic Markets, we are changing things up by looking at recent earnings releases in the US. Follow us as we delve into the depths of our Magic Markets Premium library to compare our wealth of research on these companies with their latest releases. Ghost had lots to say about the latest Caterpillar report, while Moe had thoughts to share on Home Depot. Some of the points up for discussion were: Why does Caterpillar make the ideal buy-and-forget stock? Why is a comp...
Magic Markets #137: BESI - Your New Semiconductor Bestie
August 09, 2023 09:45 - 23 minutes - 27.8 MBIn episode 137 of Magic Markets, we caught up with regular guest Craig Antonie of AnBro Capital Investments to talk about chips. No, not the crunchy kind – the kind of chips that tech stocks live and die by. After getting AnBro’s perspective on the latest earnings season out of the US and questioning whether the run we’ve seen this year is too much too soon, we proved that Moe isn’t as lucky as he claims and that The Finance Ghost has learnt something about technicals from Magic Markets Pre...
Magic Markets #136: Retail Stock Reality
August 02, 2023 21:45 - 20 minutes - 24.4 MBIn episode 136 of Magic Markets, we kicked off the discussion by talking about retail stocks. They are always relevant to investors because people know the brands and feel like they understand the businesses. Of course, like everything in the market, it’s not quite that simple. In this action-packed discussion that touched on many different topics, we talked about: Difficult conditions in South Africa and how they have separated the strong from the weak in the sector, specifically touching...
Magic Markets #135: Our Recent Trades
July 26, 2023 21:45 - 20 minutes - 26 MBWe used Episode 135 as an opportunity to talk through some of the trades we’ve each made in our portfolios recently. We focused on global stocks in this show, with reference to Magic Markets Premium research where applicable. As we always say: we eat our own cooking with that research. Stocks covered in this show include Microsoft, Apple, Meta, Netflix, Tesla, Disney, TripAdvisor, Carnival Corporation, Visa, Johnson & Johnson, PepsiCo and Yum! Brands. We also talked about the importance o...
Magic Markets #134: Rate Hikes, Banks and Consumers
July 19, 2023 21:45 - 21 minutes - 25.5 MBIn a week where Ghost was sick and Moe subsequently fell down the stairs (both are OK), perhaps it was fitting to talk about interest rates and the impact they have on the markets. We covered topics like: An update on the current rate cycle Why countries like South Africa generally follow the Fed hiking cycle The impact on banks in South Africa of the rate hikes thus far Whether any of the sectors on the JSE are giving encouraging guidance at the moment Magic Markets brings you institu...
Magic Markets #133: Weather, Wheat and Wandile Sihlobo
July 12, 2023 21:45 - 24 minutes - 24 MBAr Lecturer Extraordinary at the department of Agricultural Economics at Stellenbosch University and a visiting research fellow at the Wits School of Governance. Suffice to say, he had a lot to teach us in this episode and we were only too keen to learn from him! We talked about: The weather – specifically, how weather patterns affect the agricultural industry Why grain and soy bean stocks are looking healthier than poultry and livestock The investment case for agriculture in South Afric...
Magic Markets #132: Activision Acquisition
July 05, 2023 21:45 - 26 minutes - 23.6 MBIn Episode 132 of Magic Markets, we dealt with cats and water sprayers alongside Call of Duty characters and their strange names. It was entertaining to say the least, with Justine Brophy from AnBro Capital Investments joining us on this show. What we really dealt with is the role of global competition authorities in the market and how they can have such an impact on stocks, with Microsoft’s proposed acquisition of Activision Blizzard as the obvious example. The Call of Duty reference shoul...
Magic Markets #131: How to Do Your Own Research (DYOR)
June 28, 2023 06:09 - 21 minutes - 28.5 MBYou want to Do Your Own Research (DYOR), but how does that actually work in practice? Do you need to look at both technical and fundamental metrics? What are good examples of these? What about “insider” buying and selling? Does your particular trading and investing strategy make a difference to the metrics you need to look at? We answer these questions and many more in this episode of Magic Markets, sharing our experience from our research in Magic Markets Premium and what works and doe...
Magic Markets #130: Capital Structure 101
June 21, 2023 21:45 - 20 minutes - 45.8 MBIn this episode of Magic Markets, we talked about the “capital stack” in corporates and how they blend debt and equity into a capital structure that works for the business. After setting the scene with a short discussion on central banks, we covered topics like: • The equity to debt spectrum, with mezzanine finance in the middle • Examples of the types of spreads you can expect to see across different sources of capital • The concept of weighted average cost of capital • The benefit of havi...