HOT STOCKS 2017: Digging for value
2016 was tough for investors — even the traditional quality stocks disappointed. Stock pickers would do well to brace themselves for further volatility this year, at least for the first half. But for savvy investors, especially those who are willing to sit it out for the long term, there might be some special opportunities
With the markets more unpredictable than a braai at the Union Buildings and beloved celebrities dropping like flies, the best thing you can say about 2016 is that it’s history. It’s been a whiplash, says Vunani Securities’ outspoken analyst, Anthony Clark. "Many portfolio managers will have sore necks," he says, referring to the roller coaster of investment sentiment. Clark says dodging political shoot-outs and the volatile rand was a theme of last year. "This did not translate into any valid investment processes. Special situations ruled the year and predicting what or how the market would react was near impossible."Unfortunately, 2017 looks anything but easy to predict, and investors could be in for another bumpy ride ... at least for the first half. Political rumblings are already depressingly ominous, following the ANC’s birthday bash. Nerves are dangerously frayed. Last year was testing, as "quality" stocks that have served punters so well over the past decade showed they were ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.