Market Wrap

Market Wrap - Stock pick — Visa

Caroline Cremen from Adviceworx chose Visa as her stock pick of the day."I'm going for Visa, it's not a credit card company but a fintech company that is really going to benefit from this move to electronic cash that has been expedited by Covid"

28 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Citibank

Steven Schultz from Momentum chose Citibank as his stock pick of the day. "My pick is Citibank trades in the US and today it trades at the lowest price to book in its sector. It also has a fairly robust and diverse business mix and it's got a resilient corporate…

27 Jul 2020 2AM 1 min

Market Wrap - Stock pick — CAT

Kwame Antwi from KOA Capital chose Caterpillar Inc as his stock pick of the day. "The stock that I'll be talking about is Caterpillar. I think it's one of those stocks that haven't rallied with the rest of the market, it's down about 10% from beginning of the year and…

23 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Microsoft

Nesan Nair from Sasfin Securities chose Microsoft as his stock pick of the day. "I'm going to go for a Microsoft, it's one that I have liked for a long time and I think with the possibility of further lockdown measures throughout the world, these tech companies particularly those that…

22 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Microsoft

Viv Govender from Rand Swiss Offshore chose Microsoft as his stock pick of the day. "I'm going for Microsoft one of those big companies and I think it's right now trading at about 1.5 trillion dollars. They have done remarkably well in this crisis and since Satya Nadella has taken…

21 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Pepsico

Caroline Cremen from Adviceworx chose Pepsico as her stock pic of the day. "I'm going very conservative, I'm going for an offshore company called Pepsico. The dividend growth rate per annum is 8% and with a dividend yield of 3% and to me doesn't indicate that it's expensive. They have…

20 Jul 2020 2AM 1 min

Market Wrap - Stock picks — Afrimat and Bonds

Independent Analyst Chris Gilmour chose Afrimat as his stock pick of the day and David Shapiro from Sasfin Securities chose to look at bonds. Gilmour said: "Afrimat I think has got all the qualities inherent, it has a nice rand hedge side of things, they know precisely what they're doing…

17 Jul 2020 2AM 1 min

Market Wrap - Stock pick — JP Morgan

Graeme Franck from PSG Wealth Sandton Grayston chose JP Morgan as his stock pick of the day. "JP Morgan came out with numbers on Wednesday and the market was expecting them to be poor, the consensus estimate was $1 for the quarter they came out with $1,30 which is a…

16 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Amazon

Robert Towell from Sasfin Securities chose Amazon as his stock pick of the day. "We still like Amazon, it has had a very big run over the last few months. When you take a sustained view of where economies are going worldwide in the next 10 years, internet of things…

15 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Harmony Gold

Imtiaz Suliman from Sentio Capital chose Harmony Gold as his stock pick of the day. "I'm going to go for Harmony Gold, they are in a very enviable position whereby they're benefiting from a very strong gold price and a weaker rand. If you just put in the spot rand…

14 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Pepkor

Nolwandle Mthombeni from Mergence Investment Managers chose Pepkor as her stock pick of the day. "In light of the announcements from TFG today I'm going with Pepkor. Pepkor is a a value retailer and it still has a very attractive profile and at current levels the share price has given…

13 Jul 2020 2AM 3 min

Market Wrap - Stock picks — Satrix MSCI China ETF and S&P 500

David Shapiro from Sasfin Securities chose Satrix MSCI China ETF and Viv Govender from Rand Swiss Offshore chose S&P 500Shapiro said: "I'm very thrilled that Satrix is bringing in a China ETF which I think impresses all the businesses that we would look at if we could invest in China…

10 Jul 2020 2AM 1 min

Market Wrap - Stock pick — BAT

Andile Buthelezi from Sentio Capital chose British American Tobacco as his stock pick of the day. "I'm going for British American Tobacco, in the short term they do of course face the challenge of having cigarette sales banned in some of the countries that they're operating including, SA - but…

9 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Redefine

Nesan Nair from Sasfin Securities chose Redefine Properties as his stock pick of the day. "I'm going with Redefine Properties, I'm not usually one that goes for the fallen angels but, I think it's just been sold up so much. They also announced those two big sales last week which…

8 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Tesla

Steven Schultz from Momentum chose Tesla as his stock pick of the day. "I'm going for Tesla, it's a counter that is up 500% over the past year with no obvious justification for these gains. Despite delivering one twenty fifth the amount of vehicles that Toyota does, Tesla has a…

7 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Alibaba

Caroline Cremen from Adviceworx chose Alibaba as her stock pick of the day. "My stock pick is Alibaba, people think of it as being the Chinese Amazon but it is much more than that, it has financial services, it's also the world's third biggest cloud provider after Microsoft and Amazon…

6 Jul 2020 2AM 1 min

Market Wrap - Stock picks — Pet industry and FirstRand

David Shapiro from Sasfin Securities says to look at pet industry for a stock pick and Martin Smith from Anchor Capital chose Firstrand. Smith said: The one area that's beginning to attract me is the pet food industry. It's a massive industry and I've never had enough time to really…

3 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Naspers

Waldo du Plessis from Nitrogen Fund Managers chose Naspers as his stock pick of the day. "I'm going to go long into the future here and it's has been the best performer on the JSE this year and it's Naspers. I'm going with Naspers because of its discounted to Tencent…

2 Jul 2020 2AM 1 min

Market Wrap - Stock pick — Equites

Nesi Chetty from Stanlib chose Equites as his stock pick of the day. "In a market that is so volatile and uncertain we still be sticking with a company that's defensive and are offering very good quality to the cycle. Equities property fund is a specialist fund, it develops, owns…

1 Jul 2020 2AM 1 min

Market Wrap - Stock pick — SA Bonds

Kwame Antwi from KOA Capital chose SA Bonds as his stock pick of the day. "We want to keep our powder dry, we think there will be a better opportunity, particularly because we already started the downturn cautiously. I don't think we're about to change tack now because the risk…

30 Jun 2020 2AM 1 min