Market Wrap

BUSINESS DAY TV  |  Podcast , ±7 min episodes every day  | 

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Taking a look at the day’s business news influencing market moving activity, and forex.

An Arena Holdings production.

Keywords: money, opportunity, business plan, business ideas, business news, income, financial news

ENGLISH South Africa Business · Business News

29

JUL

IHAK Cybersecurity ETF

1 min

Craig Pheiffer from Absa Stockbrokers & Portfolio Management chose IHAK Cybersecurity ETF as his stock pick of the day.

"My pick is an exchange traded fund called IHAK and it's one of the i-shares etfs. It's an etf that tracks the cybersecurity and technology index I think still has a lot of potential growth over time."​

28

JUL

Goldfields

47 sec

Steven Schultz from Momentum chose Goldfields as his stock pick of the day.

"My stock pick this evening is Goldfields, at the moment it trades at about a 50% discount when compared to international peers, which is the cheapest it's been in around two decades. It's has a strong balance sheet and high quality operations. Quite frankly I think it's cheap insurance at the current price."

27

JUL

Naspers

25 sec

Caroline Cremen from Adviceworx chose Naspers as her stock pick of the day.

"Well, keep calm and carry on, and be brave when other people are fearful, use the opportunity and pick up a little bit of Naspers."

22

JUL

Anglo gold Ashanti

51 sec

Nick Kunze from Sanlam Private Wealth chose Anglo gold Ashanti as his stock pick of the day.

"I've done it a few times, it's a bit boring but I'm going with Anglo Gold Ashanti for a number of reasons. I'm a bit concerned about inflation, also a bit worried about a little bit of risk coming on the markets and gold is tended to be that ultimate hedge against inflation."

21

JUL

gold

47 sec

Viv Govender from Rand Swiss Offshore chose Gold as his stock pick of the day.

"My stock pick is actually gold, I do think that even if it goes right now for about eighteen hundred dollars an ounce it seems to have some support here historically. And I do think that we are going to be seeing some kind of over extension of the low interest rate environment."

20

JUL

AECI

54 sec

Graeme Franck from PSG Wealth Sandton Grayston chose AECI as his stock pick of the day.

"I'm going for something different today and obviously you would have to believe in the longer term trajectory in South Africa which we do and we would go for AECI, it's an industrial company which has fairly large exposure to mining, healthcare and chemicals. The share price has come down from around R120 over the last two years to R95 and in the covid nightmare that we have seen they even managed to pay a dividend of R5,70."

19

JUL

Grindrod Shipping

43 sec

Steven Schultz from Momentum chose Grindrod Shipping as his stock pick of the day.

My stock pick this evening is Grindrod Shipping, it's not necessarily the most topical and certainly the does trade rather thinly and it had an absolute alignment of stars in terms of performance and their dry bulk shipping where prices have skyrocketed and partly a result of economy switching back online globally but also a surge in commodity demand from China. So, we're expecting some decent numbers out of them in the coming weeks.
​

14

JUL

US Dollar

36 sec

Nesan Nair from Sasfin Securities chose US Dollar as his stock pick of the day.

"I'm going with the US dollar, I think the rand is set to weaken even further it starting to test the R15 levels as this violence continues and with authorities not having an adequate response you'd want to make sure that you are firmly rand hedged at this stage"

13

JUL

cash

30 sec

Makwe Masilela from Makwe Fund Managers chose cash as his stock pick of the day.

"Given what is happening with high stock prices and with the Delta variant I think I'm going to go with cash"

12

JUL

Home Depot

1 min

Caroline Cremen from Adviceworx chose Home Depot as her stock pick of the day.

"I'm going to go with the US stock, it is the name of Home Depot, it is the US and is the largest home improvement store. It has a massive footprint and it did really well in the pandemic when people got stimulus checks and they stayed at home and and they and they fixed up their homes. It also benefits from the very strong housing market which we're seeing in the US at the moment."

07

JUL

Nepi Rockcastle

1 min

Nesi Chetty from Stanlib chose Nepi Rockcastle as his stock pick of the day.

"My stock is Nepi Rockcastle, I guess in an environment where we are looking for the rand to potentially weaken, Nepi Rockcastle has dominant retail sectors in central and eastern Europe. We like their assets."

06

JUL

Generac

1 min

Caroline Cremen from Adviceworx chose Generac as her stock pick of the day.

"My stock pick is Generac and this is the company South Africans probably haven't heard of but it's a company that they will really understand. This company produces generators, solar power and all of the things that we would like to see here because of Eskom it's surprising to know that the American electricity grid is probably almost as bad as ours. It is very old it is subject to adverse weather conditions so people working from home with people getting older, people's need for constant electricity as we know is increasing and Generac has got the the bulk of the market in America"