Market Wrap

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

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