A little too late – Brexit woes weigh on global markets

A little too late – Brexit woes weigh on global markets

The UK still think they have wiggle room to please everyone ahead of the 29 March exit from the EU. Theresa May admitted her vote scheduled this week would go against her. She will most definitely try and re-negotiate a few key conditions, which the EU won’t do. 

Global investors want certainty, and with uncertainty around Brexit, Trade Wars, Interest Rates and future growth, investors would rather be sitting in cash. But you can’t hide in Cash for too long.  

Peter Lynch, a successful contrarian investor, favoured buying in times of maximum pessimism and selling in times of maximum optimism. 

Take a look at the shares below to see which ones you can accumulate more of. 

 

The week ahead: 

  • Local Data:  Quarterly Employment Statistics, Manufacturing: Production and sales (11/12), CPI (12/12); PPI (13/12) 
  • Results Due AFH, VVO (11/12); LAB (12/12); ELI (13/12) 
  • LDT (11/12): APF, AEE, BCF, CMH, GPA, GPB, HCI. HPB, HPR, INLP, INPR, IPF, LHC, MRP, NVE, SAR, SRE, ZWSWB, ZXSWS 
  • Special/Share Premium Dividend: HPR, IDQ, TDHBP, TMT 

 

Other Economic data releases of interest… 

  • Tuesday: PPI (USA); Parliament Brexit Vote – CANCELLED (UK) 
  • Wednesday: CPI (USA) 
  • Thursday: SNB Monetary Policy Assessment (CHF); Main Refinancing Rate (EU) 
  • Friday: Core Retail Sales (USA) 

  

Short Term Ideas 

  • Goldfields: 27% open gain, Target remains R45.25, increase stop loss to R44.00 

 

Long Term Ideas 

  • Sasol: Buy below R425.00. Target R550. 
  • AB InBev: Buy below R1,100 with a target of R1,500 
  • Richemont: Buy dips below R95. Target R130.00. 
  • Dischem: Closed for 9.36% gain at stop loss of R30.75 
  • Remgro: A break above R210 is needed to open up R230. Buy below R200.00 
  • Coronation: Sentiment still negative. Buy dips below R50.00 for a move back to R80 
  • Shoprite: Resistance at R200 building strength. Hold. 
  • Aspen: Bottoming out. Add below R165.00, keep exposure appropriate. 
  • Sygnia: Moving in the right direction. Add below R8. 
  • MTN: Accumulate on dips below R80.  
  • Glencore: Pulled back with commodity prices. Hold 
  • Naspers: Buy below R3,000. Target R3,800 

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