The Ramaphoria optimism has not resulted in any tangible results in Q1

by , 05 June 2018
The Ramaphoria optimism has not resulted in any tangible results in Q1
Q1 GDP coming out at -2.2%, the worst since Q1 2009, reflects that the Ramaphoria optimism has not resulted in any tangible results and likely kept investors complacent.

The rand strength is hard to explain and perhaps it will weaken while investors and portfolio managers digest the impact of these GDP figures on their investments.

Look to pick up the quality rand hedges that have been sold off in the Emerging Market risk off sentiment and the surprisingly stronger rand.
 

******************************************************************** 

How to generate a R700,000 windfall starting with R10,000 using the oldest wealth trick in the world
 
This wealth secret is the most powerful force in finance. It’s the force behind almost every fortune. The brilliant financial writer of the Dow Theory Letters, Richard Russell, called it “The Royal Road to Riches.” And it’s been mathematically proven time and time again as the #1 ’how to get rich quick’ trick in the modern world.
 
Even Einstein joked that it is “the most powerful force in the universe.”
 
And in my brand new book, The Little Book of Big Income – 7 Filthy Secrets to Get Rich Quick, I’ll show you how to use it to turn R10,000 into more than R700,000 on page 11.
 
But you must act fast…
 
My publisher is only allowing me to give away 300 hundred copies as a special launch offer,
 
Claim your free copy of Little Book of Big Income here
 

******************************************************************** 

     
Last week’s movers and shakers…
 


One to Buy
 
AB Inbev bottoming out and offering value at R1,150
 
AB Inbev has sold off on a stronger rand and a sell-off in global consumer stocks. It appears to finally be bottoming out. After strong numbers last month, we believe accumulating around these levels will reward long term investors. It’s paying a dividend of over 4% in EURs and is in a defensive sector.
 
A driver for future growth comes from consumers opting for premium brands – including beer. Budweiser is also the official beer for the FIFA World cup, which will boost sales and exposure for one of AB Inbev’d beers.
 
Accumulate ANH below R1,225 for a move to R1,475.
      

******************************************************************** 
I‘ve been waiting four years to share this with you...
 
If you bet on the soccer, you’ll have heard of these two.
 
One is a record-breaking goal scorer, and the other the most expensive player in soccer.
 
To the average punter, these two favourites don’t exactly scream ‘profit machines.’
 
But here’s the thing...
 
There’s a small group of unconventional punters out there who are very, VERY excited about them...
 
Why?
 
Because they’re using a specially designed ‘betting code’.
 
This code is so powerful; it could see average South African punters land as much as 93% profit by the end of the soccer tournament.
 
And you can access it right now! Click here for more…


********************************************************************  
 

Short term Ideas
  • RMI: Entry R39.00, stop loss R37.75, target R44.00
  • MTN: Bounced nicely and needs to break above R121.36 to open up R130.00
  • FSR: Buy below R61.15, stop loss at R59.90. Target R65.00
Long Term Ideas      
  • ARM: Buy at R110 or less.
  • Dischem: Accumulate below R30.00 for a move above R37.00
  • Shoprite: Hold. Target of R285.
  • Anglo: Bounced strongly, place stop loss at R285.00
  • Aspen: Accumulate on weakness below R260.
  • Sygnia: Add below R12.50.
  • Santova: Moving higher, place a stop loss at R3.10. Hold.
  • Merafe: Accumulate below R1.55.
  • Jubilee: Speculative buy below R0.50.        
  • MTN: Maintain position, accumulate for long term below R120.00.
  • Glencore: Still bullish. Hold
  • Wescoal: Long term buy. Add below R1.80
  • Naspers: Increase exposure below R3,000.  
Global Investment:

For direct access to global equity markets or our various offshore investment portfolios and structured solutions - contact Gavin McCarter without delay. Email: gavin@prodigyam.co.za
 


Click here to share this article with your friends on Facebook

Got a question about this article, ask it here
 


********************************************************************  
FREE BITCOIN BOOK!

“How you could make your first million buying and holding cryptocurrencies!”

Claim your FREE copy of this new book by crypto expert Sam Volkering now. Find out:
  • Why bitcoin could replace the Euro and rocket to $500,000
  • How to buy, store and spend your new crypto fortune
  • How “the next Bitcoin” – could turn every R1,000 you invest into R222,000!
  •  
Click here now and claim your FREE copy!

******************************************************************** 


The Ramaphoria optimism has not resulted in any tangible results in Q1
Rate this article    
Note: 3.5 of 2 votes

Have a trading or investing question? Click Here


Related articles



Related articles


Watch And Learn




Trending Topics