Yesterday saw markets react decisively to the risk of COVID-19 to global growth. With most markets pulling back over 3%. This is due to an acceleration of new infections outside of China. It has hit Europe as Italy reports the 7th death and puts the town of Cologna on lock down, with others in the Lombardy region of northern Italy (a manufacturing hub) on unofficial lockdown.
The cause for alarm is the velocity of infections, while the mortality rate is low, the virus has the potential to infect millions of people globally. The mortality rate is just over 2%, in China and likely to be lower once official numbers are released globally, this is a fifth of the SARS virus mortality rate.
Governments the world over, are taking extensive measures to ensure the safety of their citizens and visitors. Areas on lock down have restrictions on movements and closures of public gathering locations like Churches, gyms, shops etc. The mass closures and restrictions are affecting the global supply chain, as companies who source inventory from China face delays.
It's estimated that it will take until July for the supply chain and production to recover and return to normal. The market will take time to recover but accumulating after big sell-offs deliver long term out performance.
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Accumulate these stocks for a recovery and lock in gains on your golds
Last year we told you to sell your Telkom shares above R94, and even gave you levels to short it.
Today it’s trading below R30 and we’ve initiated a buy on it with a target of R46.50 and the possibility of banking decent dividends by year end.
Traders looking for short term, high probability trade ideas should look at:
1. FSR as it approaches a strong support level, and
2. Naspers as Tencent bounces over night
After Gold stocks have rallied strongly over the past week, we’re taking profit by selling a third of our client’s holdings to lock in the gains from the recent rally as they approach 200% in gains.
In Just 94 Days You Could Have Banked 389% on the USD/ZAR, 52.88% on Brent Crude and 37% on US 500!
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Investec have created South Africa’s first ESG structured product. ESG (Environmental, Social and Governance) investing refers to a class of investing that is also known as sustainable investing.
Investec’s latest AutoCall will give investors 100% downside protection, provided the index doesn’t fall more than 40% within five-year term.
The annual return is fixed at 25%, with the opportunity to receive your capital plus 75% growth after year 3 if the index is up only 0.01%. If not, it rolls over to year 4 where the same observation happens, but you can bank 100% growth. If the index is still down on the 5th anniversary, investors will receive their capital back plus 125% growth if the index is flat or positive. If not, the investor will receive 100% back if the index isn’t down 40% or more.
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Finova Capital, Wealth Manager