Market Wrap

Market Wrap - Stock Pick — long oil

Viv Govender from Rand Swiss Offshore chose to go long oil as his stock option for the day."With the issues in Iran, the situation in Libia and the violence in Venezuela I do think the oil price still has a massive upside from here. If there is an end to…

27 Jun 2019 2AM 7 min

Market Wrap - Stock Pick — Equites

Nesi Chetty from Stanlib chose Equites Property Fund as his stock pick of the day. "My stock pick is a company we've liked for a while, it's called Equites. It's got a very large local portfolio, the size is about R12 billion. They've done quite well in that logistic space…

26 Jun 2019 2AM 8 min

Market Wrap - Stock Pick — cash and SA banks

I think in the short-term cash is still quite good but the banks are starting to look like a good level to start looking to start buying. They are starting to come back close to single-digit PE (price to earnings ratio) with a good dividend, good balance sheets and well-managed…

25 Jun 2019 2AM 7 min

Market Wrap - Stock Pick — Coreshares

Caroline Cremen from Adviceworx chose Coreshares Global Dividend Fund as her stock pick of the day. "Use the opportunity and where the rand is at the moment to pick up one of the local exchange-traded funds of you can't go offshore directly. My favorite is the Coreshares Global Dividend Fund…

24 Jun 2019 2AM 7 min

Market Wrap - Stock Pick — Nasdaq

Robert Cameroon from Thebe Stockbroking chose Nasdaq 100 PRTF (STXNDQ) as his stock pick of the day. "My stock pick is this the Nasdaq ETF, the Satrix one and it's denominated in rands on the JSE. It's a very nice rand hedge. The rand has strengthened quite a lot so…

21 Jun 2019 3AM 7 min

Market Wrap - Stock Pick — Sasol

Nesan Nair from Sasfin Securities chose Sasol as his stock pick of the day . "I'm going to go for Sasol, I think it's going to be a challenging 8 to 12 months and maybe with a bit of volatility but I think long terms these are very good levels…

20 Jun 2019 3AM 7 min

Market Wrap - Stock Pick — Sasol

Martin Smith from Anchor Securities chose Sasol as his stock pick of the day. "For a buy I choose Sasol, at these level and with the news coming from the Lake Charles project a couple of weeks ago the share price came under huge pressure and is looking extremely cheap…

19 Jun 2019 2AM 8 min

Market Wrap - Stock Pick — Pfizer

Steven Schultz from Momentum chose Pfizer as his stock pick of the day. "Pfizer pharmaciuticals is a US listed off-shore company. I think it is a great environment to take a very defensive growth counter such as Pfizer. It is in the headlines at the moment for its acquisition of…

18 Jun 2019 2AM 13 min

Market Wrap - Stock Pick — Mr. Price

Nolwandle Mthombeni from Mergence Investment Managers chose Mr Price Group Ltd as her stock pick of the day. "In this kind of environment there's lots of volatility and we've seen a lot of JSE companies suffering due to debt so my pick would be Mr. Price. Cash is king and…

14 Jun 2019 3AM 8 min

Market Wrap - Stock Pick — Oil

Viv Govender from Rand Swiss Offshore chose Oil as his stock pick of the day."Right now my pick is the oil price, at around $60/$61 a barrel is very good to get into. I do think it may go lower with another $10 and with the Shell guys breaking beyond…

13 Jun 2019 2AM 7 min

Market Wrap - Stock Pick — Libstar

Imtiaz Suliman from Sentio Capital chose Libstar Holdings as his stock pick of the day. "I'm going for Libstar, the company is a food manufacturer based in South Africa with a number of brands including Lancewood and they also do private manufacturing for the retailers which is the private label…

12 Jun 2019 2AM 8 min

Market Wrap - Stock Pick — United Technologies

Craig Pheiffer from Absa Stockbrokers and Portfolio Management chose United Technologies as his stock pick of the day. "I have previously looked at United Technologies, it's a company that operates in the aerospace technology industry and they produce the Pratt & Whitney jet engines and just over the course of…

11 Jun 2019 2AM 8 min

Market Wrap - Stock Pick — Investec

Nick Kunze from Sanlam Private Wealth chose Investec as his stock pick of the day. "So we have been looking at the banks, they have been bouncing back quite nicely and in that sector we quite like Investec at the moment. There will be a big value unlock when the…

10 Jun 2019 2AM 6 min

Market Wrap - Stock Pick — MTN

Sam Mokorosi from Vunani Capital chose MTN as his stock pick of the day. "One company that seems to be pulling itself out of a mess is MTN, all the issues around Nigeria being a damper on their performance, but, they have come out with a fairly sensible disposal strategy…

7 Jun 2019 2AM 7 min

Market Wrap - Stock Pick — British American Tobacco

Nesan Nair from Sasfin Securities chose British American Tobacco as his stock pick of the day. "I'm going with British American Tobacco, it has been sold down heavily. I think the rand weakness filtering into the positive movement in the share price today and yesterday but all the rand hedges…

6 Jun 2019 2AM 7 min

Market Wrap - Stock Pick — EOH

Caroline Cremen from Adviceworx chose EOH Holdings as her stock pick of the day. "I'm going to be a bit on the dangerous side and going for EOH. They appointed a new Chairman, he is a heavy weight, highly regarded person and simply ads to the management capital they already…

5 Jun 2019 2AM 7 min

Market Wrap - Stock Picks — Amazon and cash

Martin Smith from Anchor Securities chose Amazon.com as his stock pick of the day and Robert Towell from Sasfin Securities chose to stay in cash Smith said: "On the back of the news out of the USA with regards to all the anti-trust issues we saw the "FANGS" take a…

4 Jun 2019 2AM 6 min

Market Wrap - Stock Pick — Mondi

Graeme Franck from PSG Wealth Sandton chose Mondi as his stock pick of the day "We really like Mondi, just six months ago the share price was R420 and it's now down almost exactly to R300 which is where it was two years ago. This is a very well managed…

3 Jun 2019 2AM 19 min

Market Wrap - Stock Pick — Netcare

Robert Cameron from Thebe Stocbroking chose Netcare as his stock pick of the day. "My stock pick is Netcare and it's more a trading stock pick and not a long term hold. I thinks there is still a lot of headwinds in the South African hospitals space but at the…

31 May 2019 2AM 9 min

Market Wrap - Stock Pick — Bid Corp

Martin Smith from Anchor Securities chose Bid Corp as his stock pick of the day. "Post the sell-off on Tuesday, obviously given the MSCI re-weighting - we took a position in quite a lot of SA Inc shares, especially before the Cabinet announcement which had the desired effect today as…

30 May 2019 2AM 7 min