Market Wrap

Market Wrap - Stock Pick — Euro Stoxx 50

Viv Govender from Rand Swiss Offshore chose Euro Stoxx 50 as his stock pick of the day. "My stock is going to be the Euro Stoxx 50 auto-call. A great product basically as long as the Euro Stoxx 50 does not fall, after a year you get a 20% return,…

28 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Brait

Robert Cameron from Thebe Stockbroking chose Brait as his stock pick of the day. "So my stock pick today is Brait, the stock has been under the hammer, in 2016 it was as high as R160 and at the moment it is about R17,50. We are looking at a net…

25 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Virgin Galactic

Sam Mokorosi from Vunani Capital chose Virgin Galactic (although the stock has not yet been listed) as his stock pick of the day. "We like Virgin Galactic which is kind of a left-field choice. Virgin Galactic is Virgin's space story, they're listing in New York on Monday with a mock…

24 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Kumba Iron Ore

Andile Buthelezi from Sentio Capital chose Kumba Iron Ore as his stock pick of the day. "I'm going with Kumba, I think they got a bit of a beating yesterday after they released a production update. They guided in that production update that they will probably sell a million tons…

23 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — SA inc. stocks

Graeme Franck from PSG Wealth Sandton chose SA inc. stocks as his stock pick of the day. "So I'm going to stick with the theme of the Sa inc. stocks. As I said Standard Bank is looking very good and then some of the industrial shares as well - again,…

22 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — US Stocks

Robert Towell from Sasfin Securities chose US Stocks, in particular Amazon & Alphabet as his stock pick of the day. "I think with trade concerns starting to abate and we're starting to see some good who needs coming out of the states, I think that America is still the place…

21 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — AB Inbev and Richemont

Independent Analyst Liston Meintjes chose AB InBev and Richemont as his stock picks of the day. I'm picking a stock that I have never picked before, I don't want something that depends on engergy or as such, it's still ifs and buts and maybe but I think that Richemont at…

18 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Distell

Craig Pheiffer from Absa Stockbrokers & Portfolio Management chose Distell Group Hldgs Ltd as his stock pick of the day. "I'm looking at Distell at the moment, they have a R30 bn market cap. Quite largely tightly held by Remgro but it does trade on the market and is an…

17 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Anglo American

Imtiaz Suliman from Sentio Capital chose Anglo American as his stock pick of the day "It is in the resource sector, it is Anglo American and the exposure is largely through Amplatz and Kumba Iron Ore, the listed side but it's really the unlisted segment and portfolio which is trading…

16 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Curro Holdings

Nolwandle Mthombeni from Mergence Investment Managers chose Curro Holdings Limited as her stock pick of the day. "So in three months there will be a lot of back and forth for the metric results. The valuation now is at more palatable levels and I really think that structurally the economy…

15 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Reinet

Steven Schultz from Momentum chose Reinet as his stock pick of the day "My stock pick this evening is Reinet, it has been a serial under performer over the last couple of years and for those that don't follow the counter, it's effectively an investment holding company that gives exposure…

14 Oct 2019 2AM 1 min

Market Wrap - Stock Pick - cash

Makwe Masilela from Makwe Fund Managers chose cash as his stock pick of the day "It's kind of a yo-yo situation, I think for now I'll just be on cash and just deploy the money as and when I see opportunities and making a speculative trade, but I think for…

11 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — US Stocks

As his stock pick of the day, Robert Towell from Sasfin Securities says to go for US Stocks in particular Amazon & Alphabet. "I think with the trade negotiations going on now, if they come up relatively good over the next few days - I'd like to carry on going…

10 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Fairvest

Nesi Chett from Stanlib chose Fairvest Property Hldgs as his stock pick of the day. "What we like in the property space is more defensive type properties, we like a company called Fairvest, it is doing very well at the lower end of the market where they are not battling…

9 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — ARC

Grant Gilburt from Nedbank Private Wealth chose African Rainbow Cap as his stock pick of the day. "We're sticking with the investment holding companies, I really like the companies that they have invested in and that they have built within the ARC stable. They have a very credible management team…

8 Oct 2019 2AM 2 min

Market Wrap - Stock Pick — Shoprite

Viv Govender from Rand Swiss Offshore chose Shoprite as his stock pick of the day "Shoprite, there has been news that Christo Wiese cut down his shares quite significantly, but he will still maintain his special voting rights, I think it is very valuable to him. A huge seller in…

7 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Sibanye Gold

Sam Mokorosi from Vunani Capital chose Sibanye Gold Limited as his stock pick of the day. "Somebody that's coming out of a quagmire as well is Sibanye obviously they had that strike with AMCU and what's really interesting about Sibanye is that 80% of their free cash flow now comes…

4 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — Aspen Pharmacare

Steven Schultz from Momentum chose Aspen Pharmacare as his stock pick of the day. "Its Aspen, it's a counter that's effectively halved in value over the past twelve months. There's been a number of reasons why, most notably debt buildup and shareholders are obviously uncomfortable with that. We've seen not…

3 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — AbbVie

Craig Pheiffer from Absa Stockbrokers & Portfolio Management chose AbbVie Inc as his stock pick of the day. "I'm again looking offshore at AbbVie, it's a hundred billion dollar offshore pharmaceutical company. They are producing and researching drugs. It's come off quite sharply and Humira is a big selling point…

2 Oct 2019 2AM 1 min

Market Wrap - Stock Pick — CoreShares

Caroline Cremen from Adviceworx chose CoreShares Global Div Trax as her stock pick of the day. "With the rand being where it is, I can't pick my favorite offshore, but I'm going to say that the best place to hide in a poor economic environment is dividend stocks, CoreShares Global…

1 Oct 2019 2AM 7 min