Market Wrap

Market Wrap - Stock pick — Shoprite

Nolwandle Mthombeni from Mergence Investment Managers chose Shoprite as her stock pick of the day. "I am choosing Shoprite, if you look at the performance of Shoprite compared to the market, there's a complete lag. This is not in line with the fundamentals where Shoprite is one of the few…

29 Jun 2020 2AM 1 min

Market Wrap - Stock picks — Prosus and Salesforce

Sam Mokorosi from Vunani Capital chose Prosus as his stock pick of the day and David Shapiro from Sasfin Securities chose Salesforce. Mokorosi said: "We see the digital story continue to make good grounds so we still like Prosus. Even though Trump is rattling the cage against the Chinese, we…

26 Jun 2020 2AM 1 min

Market Wrap - Stock picks —Microsoft

Robert Towell from Sasfin Securities talks to Business Day TV about his stock pick of the day. "Due to Covid-19 and the spread of the virus Microsoft is continuing to do well as more and more people are working from home. Microsoft has done very well over the last few…

25 Jun 2020 2AM 1 min

Market Wrap - Stock pick — Motus

Imtiaz Suliman from Sentio Capital chose Motus as his stock pick of the day. "I'm going with Motus, it has been quite significantly affected through the lockdown as vehicle sales basically came to a standstill in April. There was some recovery in May but I think if you look at…

22 Jun 2020 2AM 1 min

Market Wrap - Stock pick — Multichoice

Nick Kunze from Sanlam Private Wealth chose Multichoice as his stock pick of the day. "We took a look at Multichoice, they came out with results last week really and had a good set of numbers. They also paid a dividend which is a rarity in this environment right now…

17 Jun 2020 2AM 1 min

Market Wrap - Stock pick — Clicks

Makwe Masilela from Makwe Fund Managers chose Clicks as his stock pick of the day. "Although the majority consensus is to sell, I'm going for Clicks. I like their return on equity, people tend to look at the PE which is very demanding at 31, but with their return on…

15 Jun 2020 2AM 1 min

Market Wrap - Stock pick — Afrimat and SA bonds

Independent Analyst Chris Gilmour chose Afrimat as his stock pick of the day and David Shapiro from Sasfin Securities chose SA bonds. Gilmour said: "I actually do have a stock pick after weeks of sitting on my hands and saying one should sit on cash, I'm going for Afrimat. I…

12 Jun 2020 2AM 2 min

Market Wrap - Stock pick — Life Healthcare

Andile Buthelezi from Sentio Capital chose Life Healthcare as his stock pick of the day. "I'm going for Life Healthcare; the stock did come off earlier in the year similar to all other stocks so it is not unique to them. Their occupancy levels did fall from around 60% to…

10 Jun 2020 2AM 1 min

Market Wrap - Stock pick — Anglogold

Steven Schultz from Momentum chose Anglogold as his stock pick of the day. "I'm going to stick with my conviction and my scepticism on the market and elect for Anglogold. Markets have clearly gotten ahead of themselves even if they don't want to admit it. I think the SA rand…

9 Jun 2020 2AM 1 min

Market Wrap - Stock pick — cash

Makwe Masilela from Makwe Fund Managers chose cash as his stock pick of the day and David Shapiro from Sasfin Securities did not have a particular stock pick.​ Masilela said: "I think for now one will still be safe to hold onto ones cash because of dollar strength. Over the…

5 Jun 2020 2AM 2 min

Market Wrap - Stock pick — Remgro

Nesan Nair from Sasfin Securities chose Remgro as his stock pick of the day. "I'm going for Remgro, unbundling it's hold on RMH, and what a legendary deal that they've done. It brings an end to this era of Remgro actually controlling the FirstRand group so I think there's an…

4 Jun 2020 2AM 1 min

Market Wrap - Stock pick — Investec Property Fund

Nesi Chetty from Stanlib chose Investec Property Fund as his stock pick of the day. "Investec Property Fund is one we've liked for a while, if you look at the business model they've built up a good portfolio of assets so it is diversified across 3 regions; Australia, South Africa…

3 Jun 2020 2AM 1 min

Market Wrap - Stock pick — Intel

Imtiaz Suliman from Sentio Capital chose Intel as his stock pick of the day. "I'm going for Intel, it's a microprocessor chip company, you'll see it on most pcs which will have an Intel sticker. A very cash generative company with high market shares and they are expanding into the…

2 Jun 2020 2AM 1 min

Market Wrap - stock pick — Remgro

Waldo du Plessis from Nitrogen Fund Managers chose Remgro as his stock pick of the day "I'm going with the Remgro simply because they're doing a corporate action. They own 30% of Remgro's nav in RMH and on Wednesday they will be unbundling that RMH stake to investors. So, you're…

1 Jun 2020 2AM 1 min

Market Wrap - Stock picks — Afrimat and offshore

Sam Mokorosi from Vunani Capital chose Afrimat as his stock pick of the day and David Shapiro from Sasfin Securities chose to look offshore. Mokorosi said: Afrimat has been on our radar, we like the way that they've been making smart acquisitions at the bottom of the cycle and if…

29 May 2020 2AM 1 min

Market Wrap - Stock pick — AVI

Graeme Franck from PSG Wealth Sandton Grayston chose AVI as his stock pick of the day. "I'm going for AVI, a consumer goods company who has brands like Bakers, Freshpak Rooibos, Five Roses and Spitz shoes etc. An extremely well managed business and the price has been a little high…

27 May 2020 2AM 1 min

Market Wrap - Stock pick — NewGold Issuer

Steven Schultz from Momentum chose NewGold Issuer as his stock pick of the day. My stock pick this evening is NewGold and I think it is definitely time for investors to takeout a little bit of insurance and it doesn't get better than being gold of course and I think…

26 May 2020 9AM 1 min

Market Wrap - Stock pick — Disney

Caroline Cremen from Adviceworx chose Disney as her stock pick of the day. "My pick right now is Walt Disney listed in the US. This is not just Mickey Mouse, they own sports networks, theme parks and cruise liners. Obviously every single one of those sectors just got hammered down…

25 May 2020 2AM 1 min

Market Wrap - Stock picks — off-shore and Prosus

David Shapiro from Sasfin Securities chose to look off-shore as a stock pick option and Martin Smith from Anchor Capital chose Prosus. "I agree with David around offshore equities at the moment. I think that is where I'm looking but at can we maybe get a bit of a bounce…

22 May 2020 2AM 1 min

Market Wrap - Stock pick — Northam Plats

Andile Buthelezi from Sentio Capital chose Northam Platinum as his stock pick. "I'm going for Northam Platinum, recent weakness over the last few months is providing a decent entry opportunity. Decreasing capex profile, increasing production growth into a supportive pgm price environment and all the pg counters in general have…

21 May 2020 2AM 1 min