Market Wrap

Market Wrap - Stock Pick — rand

Viv Govender from Rand Swiss Offshore talks about the rand as his stock pick option for the day."I'm still long on the rand, I still think that tomorrow's GDP number will be positive. If it is at around 2,5% as expected it will off course take away the technical recession…

2 Sep 2019 2AM 5 min

Market Wrap - Stock Pick — Northam Platinum

Liston Meintjies from Nvest Securities chose Northam Platinum Limited as his stock pick of the day. "I like to buy companies that have a tailwind rather than a headwind, if you talk to me about retailers I would do some shopping. So what has a tailwind? The answer to me…

30 Aug 2019 2AM 10 min

Market Wrap - Stock Pick — Naspers

Waldo du Plessis from Nitrogen Fund Managers chose Naspers as his stock pick of the day. "My stock is going to be Naspers, the Prosus pre-listing statement came out this this week I think there's a bit of value unlock just in the event and the excitement of it."

29 Aug 2019 2AM 7 min

Market Wrap - Stock Pick — Super Group

Graeme Franck from PSG Wealth Sandton chose Super Group as his stock pick of the day. Super Group came out with numbers earlier in the week and actually managed to grow their headline earnings per share by twelve percent and and that in the backdrop of the country that's battling…

28 Aug 2019 2AM 10 min

Market Wrap - Stock Pick — Standard Bank

Caroline Cremen from Adviceworx chose Standard Bank as her stock pick of the day "Standard Bank is very well positioned to expand into Africa which will see their African operations grow. The purchase of a fin-tech company in South Africa is looking to extend banking service to the unbanked. They're…

27 Aug 2019 2AM 7 min

Market Wrap - Stock Pick — offshore

Robert Towell from Sasfin Securities has suggested an offshore investment as his stock pick for the day. "I think that overseas is where you need to look at the moment. The markets have been quite volatile but I think you still think that you can look at these counters like…

26 Aug 2019 2AM 6 min

Market Wrap - Stock Pick — Rhodium

Andile Buthelezi from Sentio Capital chose Rhodium as his stock pick of the day. "I have an interesting one I think, my stock pick is Rhodium which is a platinum group metals that a lot of our Platinum mining companies in South Africa produce. It is mainly used in a…

23 Aug 2019 2AM 8 min

Market Wrap - Stock Pick — Peregrine

Nolwandle Mthombeni from Mergence Investment Managers chose Peregrine as her stock pick of the day. "I'm going with Peregrine, they have some downside protection where they have annuity earnings and they have Peregrine Capital, a pension fund that is doing very good and performing well in the last couple of…

22 Aug 2019 2AM 6 min

Market Wrap - Stock Pick — long rand

Viv Govender from Rand Swiss Offshore chose to long rand as his stock pick of the day. "I'm going long on the rand and I think that we've seen a bit of resistance in terms of weakening at about the R15,40 to the US Dollar level. We have seen some…

21 Aug 2019 2AM 8 min

Market Wrap - Stock Pick — Apple

Steven Schultz from Momentum chose Apple Inc as his stock pick of the day. "My stock pick this evening is Apple and I got there in a a bit of a round about way, Walt Disney was subjected to a whistle blower last night that suggested that they were inflating…

20 Aug 2019 2AM 7 min

Market Wrap - Stock Pick — Philip Morris

Robert Towell from Sasfin Securities chose Philip Morris as his stock pick of the day. "Definitely looking overseas at the moment. I think that with interest rates going down we'll see more flow into foreign assets again. You start to see the US market looking very good again so we're…

19 Aug 2019 2AM 8 min

Market Wrap - Stock Pick — Aspen

Robert Cameron from Thebe Stockbroking chose Aspen Pharmacare Holdings as his stock pick of the day. "My stock pick is Aspen but I want to qualify that, so this is not for investors that are risk-averse. If you are willing to take a bit of a risk, I think Aspen…

16 Aug 2019 2AM 9 min

Market Wrap - Stock Pick — Sasol

Nesan Nair from Sasfin Securities chose Sasol as his stock pick of the day. "It is very hard to pick a stock right now but I am going to go for Sasol because I think there is probably going to be some bad news. There is sufficient margin of safety…

14 Aug 2019 2AM 7 min

Market Wrap - Metair delivers 21% rise in first-half HEPS

Real volume growth and higher value component opportunities has helped automotive parts maker, Metair shrug off tough economic challenges during the interim period - as a result, the company's reported a 19% rise in revenue, a 21% jump in earnings growth while the interim dividend grew by 25%. Metair CEO,…

14 Aug 2019 2AM 8 min

Market Wrap - Stock Pick — Fortress

Steven Schultz from Momentum chose Fortress REIT Ltd B as his stock pick of the day. "I'm going to bet on South Africa as an economy and by extension, a listed property called Fortress. It obviously operates in a severely depressed economy, which has taken its toll on the share…

13 Aug 2019 2AM 8 min

Market Wrap - Stock Pick — cash

Caroline Cremen from Adviceworx chose cash as her stock pick of the day. "Cash, locally and offshore. The moment at the moment is not in your favour for an uptick. The Chinese, US meeting is only happening in September - that is a quite a long time for a lot…

12 Aug 2019 2AM 8 min

Market Wrap - MTN's domestic business hurt by Cell C write-off of R211M

Despite MTN facing headwinds in Nigeria, continued growth in the region has helped cushion the company from slowing growth in its domestic market where earnings were hit by a Cell-C write down and the loss of close to 2 million subscribers. Overall, adjusted headline earnings grew 12% and a dividend…

8 Aug 2019 2AM 6 min

Market Wrap - Stock Pick - stop loss on oil

Viv Govender from Rand Swiss Offshore is taking a stop loss on oil as his stock pick of the day. "I'm cutting my bet on oil, I was betting on oil because of the protection on the downside and a huge long term upside if something happens with the middle…

7 Aug 2019 2AM 7 min

Market Wrap - Stock Pick — Stor-Age

Grant Gilburt from Nedbank Private Wealth chose Stor-Age Prop REIT Ltd as his stock pick of the day. "My pick is Stor-Age, it's a very niche fund avoiding all commercial property that is to focused on office space or retail space. Stor-Age as the name suggests is a storage player…

6 Aug 2019 2AM 10 min

Market Wrap - Stock Pick — Microsoft

Caroline Cremen from Adviceworx chose Microsoft as her stock pick of the day "I'm going to Microsoft as one really needs to use volatility like this. Microsoft is a tech stock but it is also a blue chip. It's got great cash flows, great management, it is not over geared…

5 Aug 2019 2AM 7 min