Market Wrap

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

Market Wrap - Stock Pick — Naspers

Nesan Nair from Sasfin Securities chose Naspers as his stock pick of the day "I still think that Naspers still looks good at these levels. I know that the stock was heavily sold off recently but this corporate action is going to unlock value and I would encourage investors to…

29 May 2019 2AM 7 min

Market Wrap - Stock Pick — long rand and short dollar

Viv Govender from Rand Swiss Offshore chose to go long Rand and short Dollar as his stock option for this week. "Long the rand short the dollar, I think we've gone way beyond it, the last price I checked it was about R14,74 to the dollar, and I think that's…

28 May 2019 2AM 9 min

Market Wrap - Stock Pick — Sasol

Steven Schultz from Momentum chose Sasol as his stock pick of the day. "So my stock pick is Sasol, I know it's a strange one given last week's sell-off. The sell-off came on the new discovery announcement and that their capex (capital expenditure) would be increasing by about $1 billion…

27 May 2019 2AM 9 min

Market Wrap - Stock Pick — BHP Group

Graeme Franck from PSG Wealth Sandton chose the BHP Group as his stock pick of the day "I'm gonna go for four BHP Billiton, I know all the miners and commodity prices have come under pressure on the back of China/US trade wars. I think BHP in particular has massively…

23 May 2019 2AM 7 min

Market Wrap - Stock Pick — Walt Disney

Craig Pheiffer from Absa Stockbrokers and Portfolio Management chose Walt Disney as his stock pick of the day "Still looking offshore. last time we were looking at Comcast which is as you now a media studio business. This time I'm looking at Disney, we also own it in our global…

22 May 2019 2AM 9 min

Market Wrap - Stock Pick — cash

Ian Cruickshanks from SAIIR tells us why he chooses cash as his stock pick of the day "Here's some stats to do to confirm there has been the right place to be not indefinitely we're accumulating capital over time and there's no doubt the time will come when value is…

21 May 2019 2AM 7 min

Market Wrap - Stock Pick — Anglo American

Martin Smith from Anchor Securities chose Anglo American as his stock pick of the day. At the moment I choose Anglo American, I like them at this level. It's looking on a spot PE level it's very cheap. They have de-geared their balance sheet quite substantially and if we have…

17 May 2019 2AM 7 min

Market Wrap - Stock Pick — Oceana Group

Steven Schultz from Momentum chose Oceana Group Ltd as his stock pick of the day. "My stock pick is a 101 year old fishing company that is Cape Town based namely Oceana. They've produced a pretty decent first half set of results earnings growth of 70%, excluding a bit of…

16 May 2019 2AM 8 min