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
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."
AVI pick of the day
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."
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."
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."
Investec Property Fund
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."
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."