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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, inco... more
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.
July 30, 2020Market Wrap - Stock pick — SibanyeAndile Buthelezi from Sentio Capital chose Sibanye Stillwater as his stock pick of the day."I'm going for Sibanye Stillwater, it had a decent run since it bottomed back in March but in our view the current share price isn't quite pricing in the cash flows that this company stands to generate"...more1minPlay
July 29, 2020Market Wrap - Stock pick — DiegoGraeme Franck from PSG Wealth Sandton Grayston chose Diego as his stock pick of the day."I'm going for Diego, it's a top booze company internationally, it's trading on a PE of roughly 20 times. The high of the share price was 36 pounds and it's currently trading at about 28 and the reason we like it is it's quite defensive. I think as I mentioned that we're going to have a rocky road in markets over the next few months and you know you've got to be a little bit more defensive."...more2minPlay
July 28, 2020Market Wrap - Stock pick — VisaCaroline Cremen from Adviceworx chose Visa as her stock pick of the day."I'm going for Visa, it's not a credit card company but a fintech company that is really going to benefit from this move to electronic cash that has been expedited by Covid"...more2minPlay
July 27, 2020Market Wrap - Stock pick — CitibankSteven Schultz from Momentum chose Citibank as his stock pick of the day."My pick is Citibank trades in the US and today it trades at the lowest price to book in its sector. It also has a fairly robust and diverse business mix and it's got a resilient corporate and investment banking business on a peer related basis."...more1minPlay
July 23, 2020Market Wrap - Stock pick — CATKwame Antwi from KOA Capital chose Caterpillar Inc as his stock pick of the day."The stock that I'll be talking about is Caterpillar. I think it's one of those stocks that haven't rallied with the rest of the market, it's down about 10% from beginning of the year and they reported pretty lousy earnings in first quarter. But, I think it's fairly well geared towards the recovery, it has a great balance sheet and if the US economic recovery surprises on the upside, it's one company that is geared to benefit from that."...more1minPlay
July 22, 2020Market Wrap - Stock pick — MicrosoftNesan Nair from Sasfin Securities chose Microsoft as his stock pick of the day."I'm going to go for a Microsoft, it's one that I have liked for a long time and I think with the possibility of further lockdown measures throughout the world, these tech companies particularly those that are for videoconferencing are going to benefit from it."...more1minPlay
July 21, 2020Market Wrap - Stock pick — MicrosoftViv Govender from Rand Swiss Offshore chose Microsoft as his stock pick of the day."I'm going for Microsoft one of those big companies and I think it's right now trading at about 1.5 trillion dollars. They have done remarkably well in this crisis and since Satya Nadella has taken over as head of the company there has been a massive turnaround. If you're looking at the tech sector, don't forget that Microsoft has been one of the most successful companies in tech for a long time. "...more1minPlay
July 20, 2020Market Wrap - Stock pick — PepsicoCaroline Cremen from Adviceworx chose Pepsico as her stock pic of the day."I'm going very conservative, I'm going for an offshore company called Pepsico. The dividend growth rate per annum is 8% and with a dividend yield of 3% and to me doesn't indicate that it's expensive. They have a broad products reach with beverages and snakes and last week they issued their results and while beverages was poor we snacked an awful lot during the lockdown and we're probably going to continue to do this, so I think tech is looking a little bit overdone at this point so pick up a conservative stock for your portfolios with Pepsico."...more2minPlay
July 17, 2020Market Wrap - Stock picks — Afrimat and BondsIndependent Analyst Chris Gilmour chose Afrimat as his stock pick of the day and David Shapiro from Sasfin Securities chose to look at bonds.Gilmour said: "Afrimat I think has got all the qualities inherent, it has a nice rand hedge side of things, they know precisely what they're doing. It's not really a construction stock at all it's more a mid tier miner stock and I think there's a lot going for it."Shapiro said: "I'm buying a lot of trackers which gives me exposure offshore were you are looking for yield. You've got the long bond at 11.5% and if inflation is truly 2% well, even if you're paying full tax, you can make some real income there. So, if I was going to warehouse my money or harbour my money I would recommend bonds and it's the first time that I do that since 1984."...more2minPlay
July 16, 2020Market Wrap - Stock pick — JP MorganGraeme Franck from PSG Wealth Sandton Grayston chose JP Morgan as his stock pick of the day."JP Morgan came out with numbers on Wednesday and the market was expecting them to be poor, the consensus estimate was $1 for the quarter they came out with $1,30 which is a massive increase relative to consensus. The share price peaked at R140 just a few months ago and it's now R98 and with a PE of around 13 times. I was surprised just how as resilient those earnings were yesterday and I think if we see a rebound and the elections in the US go the right way, certainly the US banks and in particular JP Morgan will do very well."...more1minPlay
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.