Market Wrap - Stock Pick — offshore
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Robert Towell from Sasfin Securities suggest to look offshore as a stock option for the day.
"I think that South Africa is a very difficult place to invest in at the moment and although the rand has blown out, I think you can look offshore. There is growth in Amazon, and Apple came out with very good numbers so on an international side if you take a look at the S&P 500, 70% of the companies that have reported so far have beaten estimates so there is growth, I would follow the growth and invest offshore"
"I think that South Africa is a very difficult place to invest in at the moment and although the rand has blown out, I think you can look offshore. There is growth in Amazon, and Apple came out with very good numbers so on an international side if you take a look at the S&P 500, 70% of the companies that have reported so far have beaten estimates so there is growth, I would follow the growth and invest offshore"
