Member Info for JohnLewis79

MSi certain to fall below £10 this morning as jittery investors wake up to the slump in Tokyo after the sell off on Wall last night. The Nikkei closed down 1640 points (4%).

Sell vol has been minuscule (less than 5000) the stock down 50 and looks headed to 900. Long'termers will be watching to buy at these levels assuming H1 nos are ahead of last years (profits £7•7m, revs £57m) earnings for the f/y could approach 90 which would put the p/e around 10 at current which is hardly onerous.

Unfortunately calling MSi nos involves a lot of guesstimating on the outcomes which is extremely frustrating. Plus ca change.

Nyse data

Issues 2864

Advances 770

Declines 2030

U/c 64

NH 19

NL 199

T/vol(bn) 3•9

------------

DJ -624 (40937)

SP -119 (5529)

NS - 616 (18959)

R2 -41 (1372)

WTI $70

10ytb 3•835%

----------

MSCI(W) -64 (3595)

Gold Bugs -12 (301)

----------------

Latest :- Vix 21. Brent $73.

Gold $2496. Copper $4•092.

Palm $1105. Silver $28•360.

$1•311. €1•186.

FF-67. DF -143.

The Dow pulled back off their worst levels of the day (-711) after sustained profit taking across most sectors, though 30% of the S&P rose it wasn't a complete wipe out. Only 6 of the big board 30 gained led by Verizon up 3%, the laggards propped up by Boeing down 7%, GS 4% & Intel 9%.

Wall had its worst day since August as bond yields stumbled after a report US manufacturing shrank again in August. The sector has been contracting for the past 2 years as demand remains subdued and companies are unwilling to invest in capital and inventory.

On the mrkts stocks of oil and gas were among the big losers after the price of crude fell 4% to around $70 a barrel (was $85 in April). Exxon and ConocoPhillips fell the most. US steel ($36) fell 6% after VP Harris said she was opposed to the companies planned sale to Nippon Steel for $15bn.

Techs had a bad day Nvidia fell nearly 13% to $105 taking other big techs down from their lofty valuations which have been responsible for most of the 500's stellar returns these last 18 months. Apple fell $8 to $221 awaiting news on the product launch of it's latest iPhone scheduled for Sept 9 and expected to go on sale September 20th. Apple stock typically under-performs on iPhone launch days having fallen 12 out of the last 17.

Microsoft regained its No2 spot behind Apple in the global company league of bigest firms as Nvidia slipped back.

Morning all.

Ftse All-Share Index Ranking List as at 28/8/24.

1) AZN £204bn

2) Shell £176bn

3) HSBC £126bn

4) ULVR £121bn

5) BHP £106bn

502=) MSi £174m

581=) Character Grp £53m

Not often MSi has no trades during the first hour of trading. Must be waiting for St Leger Day?

Kitwave update light on the "meat'n potatoes" data but overall a reassuring statement from Ben Maxted " customer demand remains strong" and trading is "robust" will please investors.

Of course we would rather hear trading exceeds expectations but we can't have everything! Expect final results in late Feb as Kitwave heads to a £bn sales company for the first time.

With Wall St closed yesterday for Labour Day its a mixed picture in Asia this morning following China manufacture data hitting a 6 month low as foreign demand fell and firms had to offer discounts to remain competitive.

In Tokyo stocks extended gains in the previous 2 sessions moving modestly higher. At the morning break the 225 was trading just below the 39,000 level led by market heavyweights, exporters and financials. Banks were sought gaining in places 2% with above average gains seen in Sapporo, NTT, CyberAgent and Mitsubishi Chemical. At the close sellers had the upper hand taking the 225 back to the unchanged line.

Elsewhere in Asia HK, Singapore, SK, & Malaysia are higher while NZ, Indonesia, Taiwan and China are down. Property woes and a weak economy are keeping investors away from volatile Chinese mrkts.

The SHCOMP index is down 6% this year and the only major global market in the red despite the Central Govt pumping millions into the economy in an effort to get people spending again. China Loan Prime Rate is 3•35% last cut in Aug in an effort to boost growth. Deposit rates are currently 0•35%.

Latest :- Vix 15. Brent $77.

Gold $2492. Copper $4•163.

Palm $1105. Silver $28•800.

$1•313. €1•187.

FF +12. DF -40.

Morning all.

US mrkts are closed for Labour Day holiday the last before Christmas and New Year celebrations.

Its a mixed picture across Asia and Pacifica at the start of week (36). The Nikkei opened 360 ahead after gains on Wall St on Friday but at the mid morning break have slipped back 45 points on reports of downbeat factory data for the 4th straight month out of China. However Autos and blue chips are being sought by investors with exporters Canon and Panasonic adding to gains from the previous session.

Elsewhere HK is down 315 on Shanghai property woes spilling over into the Shenzen junior mrkt while the SHCOMP slips back 18 points on local factors awaiting Govt stimulus to kick in to a moribund property mrkt.

Australian mrkts opened lower in quiet trading but have clawed back earlier losses to trade marginally better. Towards the close the ASX200 is up 8 points. Oils are mostly higher while Gold's are flat to lower. Shares in Star Entertainment have been suspended for not publishing their results last week but Imugene shot up 27% following promising trial results of its cancer treatment in 10 patients. Imugene reported a $150m loss for fiscal 2024.

Latest :- Vix 15. Brent $76.

Gold $2496. Copper $4•188.

Palm $1105. Silver $28•815.

$1•312. €1•188.

FF +28. DF u/c.

Morning all.

Nyse data

Issues 2869

Advances 1814

Declines 956

U/c 99

NH 278

NL 23

T/vol(bn) 4•2

------------

DJ +228 (41,563) R

SP +56 (5648) R

NS +249 (19,575)

R2 +7 (1413)

WTI $74

10ytb 3•908%

----------

MSCI(W) +29 (3661)

Gold Bugs -2 (313)

---------------

Close :- Vix 15. Brent $77.

Gold $2503. Copper $4•219.

Palm $1115. Silver $29•245.

Yen 146. Yuan 7•09.

$1•313. €1•189.

FF +32. DF +8.

US markets will be closed on Monday for Labour Day. Yesterday saw the Dow hitting its second consecutive record closing high as US consumer spend increased in July as shop prices moderated. Big tech and Dow stocks rose strongly with just 4 of the Top 30 falling (Apple, UH, Amex & Salesforce).

Stocks making the headlines inc Amazon, Tesla, Broadcom and Marvel Tech ($76) surging 9% after beating Q forecasts and doubling revenues. Intel ($22) topped the Big Board rising 10% on reports it was considering a merger and Trump Media Tech ($19•60) majority owned by Donald Trump dipped 2% to a record low. TMT is valued at $3•9bn on negligible revenues.

Volumes on US exchanges were on a par with the daily averages as all S&P sectors rose. For the month the S&P is up 2•3%, the Dow gained 1•8% and the Nsdq 0•6%.

Morning all.

MSi Wk 35 data

------------

Sp 1040

L/yr 620

H'24 1130

L'24 770

7/88 113

----

Trds 57

T/vol 39,000

Buys 22,300

Sells 16,700

Buys 56%

Av trd 685

---------

Ytd

MSi +19%

100 +8%

250 +7%

A/S +8%

Aim +1%

-------

MSi All time nos.

1m -3%

6m +20%

Ytd +16%

52 +68%

5yr +412%

Max +824%

Aim

1m +•2%

3m -4%

Ytd +1%

52 +4%

Nyse data

Issues 2864

Advances 1909

Declines 858

U/c 97

NH 237

NL 17

T/vol(bn) 3•0

------------

DJ +244 (41,335) R

SP u/c (5592)

NS -25 (19,325)

R2 +7 (1405)

WTI $76

10ytb 3•868%

----------

MSCI(W) +1 (3632)

Gold Bugs +5 (315)

---------------

Latest :- Vix 16. Brent $79.

Gold $2514. Copper $4•237.

Palm $1110. Silver $29•785.

$1•316. €1•188.

FF +36. DF +56.

The Dow closed at another record high where 27 of the top 30 gained, only Verizon, Salesforce and Home Depot fell. Trading in the broader mrkt was mixed to slightly better after robust US economic data pointed to growth growing faster than initially thought the stock mrkt remains unconvinced. However downward revisions to inflation and cont strong consumer spend kept

Main St buoyant.

Nvidia's stock price came under selling pressure falling 6% to $118 as Q2 nos while topping most lofty estimates for revenues, failed to impress a mrkt used to seeing the chip maker beat expectations by large margins. In other news the company announced another $50bn buyback and retains its no 2 position behind Apple in global most valuable company lists.

Other Ai related stocks were mixed Apple & Msoft gained while Broadcom, Alphabet & AMD slipped. Advances outpaced decliners on the 500 by a ratio of 2:1 on 10•5bn traded.

Morning all.

Nyse data

Issues 2868

Advances 1042

Declines 1729

U/c 97

NH 186

NL 26

T/vol(bn) 3•1

------------

DJ -159 (41,091)

SP -34 (5592)

NS -230 (19,351)

R2 -4 (1399)

WTI $75

10ytb 3•838%

----------

MSCI(W) -16 (3631)

Gold Bugs -7 (311)

---------------

Latest :- Vix 17. Brent $78

Gold $2516. Copper $4•217.

Palm $1110. Silver $29•415.

$1•321. €1•186.

FF +23. DF +112.

Stocks moved mostly lower during trading on Wednesday with weakness in the tech sector weighing on mrkts awaiting Nvidia nos reporting after the bell.

The Dow lost 159 from the record high set on Tuesday. Only 10/30 posted gains with Amex topping the leader board and Nike the laggards. The major averages climbed off their worst levels towards the end of the day but remained in the red with the Nsdq down 230.

Warren Buffet's Berkshire Hathaway joined 6 others in the $tn club as the class A shares closed at $696,502 and the more widely held 'B' stock at $465. BH is a colossus of old economy businesses though he has a huge holding in Apple and BOA and at the last count $277bn in cash and Treasuries.

To put that into perspective his cash & t/bill hoard would place BH as the 35th most valuable of global companies by mrkt cap ahead of Astra Zeneca, Shell and HSBC our 3 bigest firms.

Morning all.

The 500 inched up 9 yesterday as the DJI notched a record close (41,241) ahead of the 2Q report from Nvidia ($128) which was the most traded stock on US exchanges. Of the top 30 stocks 15 fell led down by Amazon, Chevron & Disney. Topping the risers board Nike, Honeywell & Visa.

Consumer confidence rose to a 6 month high in August despite the unemployment rate hitting 4•3% unnerving investors. UBS Global Wealth Management raised the odds of a US recession to 25% from 20% citing Labour market weakness and the PHLX Housing Index lost 1•2% after data showed single family home prices fell in June as higher mortgage rates weighed on demand.

Stocks in focus included Paramount Global falling 7% after Bronfman Jr abandoned his bid for the company clearing the way for Skydance Media to take control of Shari Redstone's media empire and Super Micro Computer fell 3% after short seller Hindenberg Research said it held a short position in the Ai srver.

In the Presidential stakes news that Harris now leads Trump by 48•4% to 46•9% sent Trump stock down to $22. Back in July Trump Media traded at $40. However strategists warn its too tight and risky to trade the election as a photo finish looks the most likely outcome with Harris nicking it on the line. Volumes on US exchanges were relatively light at 8•66bn traded compared to the 20 day average of 11•96bn.

Nyse data

Issued 2867

Advances 1185

Declines 1582

U/c 100

NH 163

NL 14

T/vol(bn) 2•8

------------

DJ +10 (41,250)

SP +9 (5626)

NS +65 (19,582)

R2 -8 (1402)

WTI $76

10ytb 3•832%

----------

MSCI(W) +5 (3647)

Gold Bugs -1(318)

--------------

Latest :- Vix 15. Brent $79.

Gold $2507. Copper $4•279.

Palm $1112. Silver $29•865.

$1•325. €1•186.

FF +16. DF +20.

Morning all.

Nyse data

Issues 2891

Advances 1532

Declines 1267

U/c 92

NH 347

NL 11

T/vol(bn) 2•9

------------

DJ +65 (41,241)

SP -18 (5619)

NS -204 (19,516)

R2 -2 (1410)

WTI $77

10ytb 3•823%

----------

MSCI(W) -8 (3642)

Gold Bugs -1(319)

---------------

Latest Vix 16. Brent $80.

Gold $2508. Copper $4•228.

Palm $1100. Silver $29•875.

$1•319. €1•181.

FF +50. DF +1.

Stocks on Wall St slipped in quiet trading ahead of Nvidia nos down $3 to $127. Nvidia report highly anticipated 2Q nos on Wed. The Dow was supported by gains in Caterpillar and Amex finishing slightly ahead. Declines were seen in 9/30 of the Top 30 big board led down by Boeing, Amazon & Intel.

Big drops were seen in PDD Holdings off 29% (missed 2Q revs) and Tesla dropped 3%+ after Canada said they impose se a 100% tax on imported Chinese electric vehicles. In a further blow to Boeing ($173) NASA picked Spacex to return its astronauts from space next year.

Of the 11 S&P sectors 6 declined led by infotech and consumer discretionary. Energy had a good day on ME worries and reports of oil supply disruptions. Brent ticked up $1•15 in early deals and Gold slipped to $2508 on profit taking despite Central Bankers buying gold.

Morning all.

Https:/on.ft.com/4d2/v1N

It's a mixed looking picture on Asian exchanges this morning though the Nikkei 225 is down 323 after falling 540 during the morning session. Motors are are coming under selling pressure with financials & banks generally 2% lower. Little to no movement in Hong Kong and Shanghai where local factors play out the days trading. In Sydney the ASX200 is up 52 and staying above the 8000 mark is seen as a benchmark line. With no significant economic news its been Aussie blue chips where investors have been most active.

The week ahead all eyes will be on Nvidia whose July Q nos are due on Wednesday and are expected to beat forecasts handily. Some think sales of $30bn and an upward revision in following quarters might be needed to stop a major "sell off" in the stock. Consensus is for sales of $28•2bn and adj eps of $0•63. Nvidia's stock has been split 6x since its 2000 IPO.

Latest :- Vix 16. Brent $79.

Gold $2513. Copper $4•223.

Palm $1100. Silver $29•765.

$1•320. €1•180. 10ytb 3•784%

FF -14. DF -6.

Morning all.

Nyse data

Issues 2876

Advances 2504

Declines 317

U/c 55

NH 294

NL 6

T/vol(bn) 3•3

-------------

DJ +462 (41,175)

SP +64 (5635)

NS +229 (19,721)

R2 +41 (1412)

WTI $75

10ytb 3•804%

----------

MSCI(W) +42 (3650)

Gold Bugs +4 (319)

---------------

Close :- Vix 16. Brent $78.

Gold $2512. Copper $4•205.

Palm $1065. Silver $29•865.

Yen 144. Yuan 7•12.

$1•322. €1•181.

FF -8. DF +11

It was a very good day on the 'street' yesterday as all 4 major indexes registered strong gains but none quite managing new record closes. The S&P came closest just 35 points off its all-time high. Sentiment was boosted by Fed Chair Powell's comments that it was time to cut its main interest rate from 20 year highs. That was the catalyst to send stocks higher across the board.

Only 2 of the DJ 30 stocks fell (Visa & P&G) the others led up by GS, Home Depot & Intel. Nvidia up $6 to ($125) reports Q2 earnings nos on Wed which are widely expected to maintain its momentum of the last year. So far the stock is up 157% this year and has consistently beaten forecasts with blowout results.

But analysts warn any disappointment could have widespread effects on the broader mrkt and Ai companies in particular as Nvidia occupies such a privileged space in investors mindsets.

Morning all.

WK 34

-----

Not a bad week all in all vols and trades better than last week but below recent averages. However bargain vols remain pitifully small even for one of the better thought of Aim stocks. Summertime blues and nervousness about the US elections is keeping investors on the sidelines.

Take a 100 Ftse stock like RR yesterday's deals topped 23,500. Now no comparison between RR and a micro cap Aim counter but gives one an indication of the huge difference between a blue chip 8•50 bn shares issued ftse 100 company and a tiny Aim stock.

------------

Sp 1060

L/yr 620

2/Jan 850

H 1130

L 49

7/88 113

--------

Trds 87

T/vol 49,000

Buy 24,500

Sell 24,500

Buy 50%

Av trd 563

---------

Ytd

MSi +23%

100 +8%

250 +8%

All +7%

Aim +1%

-------

Oil +2%

Gold +23%

Palm +14%

--------

.....MSi dividend paid in a timely manner......? That'll be next Tuesday then!

No idea why the c.60p jump in MSi shares yesterday welcome as it was. Holders will have the dividend of 16•8p burning a hole in their pockets assuming your broker has passed it on in a timely manner you might be buying this morning as its a free carry.

No idea how much is likely to be reinvested in MSi stock but lowering your avc is always a good move for long'term holders. Buy volume outpaced sells by 3•3:1 on 16,048 traded (33 deals) on the day. Fridays tend to be quiet particularly with a holiday on Monday so a 1060 close would be a good week for holders which is 70 off the highest close for MSi.