Market Wrap

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

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

A Tiso Blackstar Group Production.

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

ENGLISH South Africa Business · Business News

JUN

Medtronic

54 sec

Rob Towell from Sasfin Securities chose Medtronic as his stock pick of the day.

"So we're going abroad, we still like Medtronic. It's a medical devices company as well as surgical company, so they do hip replacements, knee replacements, heart surgery and cutting edge technology and we think over the next 10 to 15 years the sector is going to be very strong."

JUN

AVI pick of the day

42 sec

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

"So I'm going to go for AVI, it's a very defensive stock , the share price has been pretty much flat to down over the last year when the market has been up. The PE in turn has come all the way down to 13 times and it's paying a dividend yield of about 7%. So, if you do believe in the SA inc. economic recovery story this is probably a good one."

JUN

Libstar

1 min

Sentio Capital's Imtiaz Suliman chose Libstar as his stock pick of the day.

"If you look at Libstar's underlying business, they are quite an innovative company. They produce some of the private label brands for the likes of the Woolies and the Shoprites, Spar and Pick n Pay and that private label business has been growing much faster than the branded side in the retailers lives. So Libstar has exposure to these higher growth markets as well as some of the strong owned brands that they produce. I think if you look at their overall there's a good growth opportunity set that Libstar provides, combined with a very attractive valuation of seven times earnings, multiple a dividend yield of three and a half percent."

JUN

Salesforce

1 min

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

"It's actually a very good day to buy if you're all at your trading systems, it's a company by the name of Salesforce. It's an enterprise software that provides businesses of cloud solutions, I think I've chatted about them last year. They have a lot of a lot of large clients like Honeywell and 3M and it really has enabled people to work from home."

JUN

Investec Property Fund

1 min

Nesi Chetty from Stanlib chose Investec Property Fund as his stock pick of the day.

"I'm going with Investec Property Fund, given where our interest is at and where the rand is also at. Investec Property Fund has a very defensive SA retail portfolio and we think this is one that will over time continue to deliver growth in the SA retail base and that's predominantly in low and defensive assets."

JUN

Multichoice

43 sec

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

"I think I'll go for Multichoice, the fact that we see a stronger rand tells you that whatever content that they're getting overseas, should be cheaper for them."

MAY

Naspers

29 sec

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

"I'm going for Naspers, I think the share has been heavily sold off, I think post this corporate action you can expect to see a big recovery in that share price, so it's one to watch."

MAY

Intel

56 sec

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

"Intel is in a very competitive semiconductor space I think there's a lot of good stocks in that space that you can buy but Intel is very pc dominated and about half their revenues come from that. "

MAY

Medtronic

59 sec

Rob Towell from Sasfin Securities chose Medtronic as his stock pick of the day.

"I'm picking Medtronic, it's had a really good recovery since Covid started to end in the United States and you've seen elective surgery make a come back."

MAY

Fedex

1 min

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

"My stock pick is Fedex, it's a well known household brand, increasingly so post Covid and they are one of the largest global logistics companies. It has had a very difficult time since 2016 through to early 2020 effectively loosing around 50% of its price off the back of the acquisition of TNT express. It was a difficult acquisition to digest and some of the benefits owed to shareholders weren't forthcoming. It has great growth prospect and margins are already starting to drift up."

MAY

Naspers

39 sec

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

"I'm going to go with Naspers, it is sitting below 3 000 today and remember this was all the way up to 3800. Although I don't think there's much of a social benefit to this deal with Prosus, I think there's an economic benefit for people holding Naspers shares so, I'm looking for this to to recover in the short-term medium term."

MAY

Distell

56 sec

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

"For Heineken them to buy Distell it means that they've seen something. If you look at Distell's PE at almost 50, yes it's high but compare that to the beverages index which is at a PE of 78. What was also impressive was their return on equity sitting at 22."