The latest issue of Finweek is flaunting a cover story that recommends South Africans investing in ‘big name’ global stocks made possible by “exchange controls falling by the wayside”. The story, titled Trading Tech Titans, is by award winning technology writer Simon Dingle, who declares that investors should be looking at Apple, IBM, Microsoft and Nokia.
“On August 9, Apple became the most valuable listed company in the US when it briefly surpassed Exxon Mobil. This highlights why technology businesses evoke such interest from financial market participants and why Simon Dingle’s story was so relevant. In his article, Simon tipped Cisco systems as a technology company to watch and earlier this week it jumped 16% on the back of an improved sales outlook,” said Finweek editor, Marc Ashton.
The Finweek story couples commentary from leading investment industry analysts with a guide to how South African investors can get involved if they see a story they like. “As somebody who is an active participant in the stockmarket, I found this one of the easiest and most practical to read investment stories we have had in a long time and I think readers will agree,” said Ashton.
But with US markets in turmoil after being downgraded from a AAA+ rating, and warnings of a possible ‘double dip’ recession, is Ashton still confident?
“There are some very real problems in the US and there are rumours circulating that at least one major French bank is in trouble, if something emerges here then the market is going to be spooked,” he said.
“When in crisis mode I always suggest looking at the results out of industrial conglomerate General Electric (GE) which is always a good proxy for the global economy. GE has $91bn in the bank and solid improvements in infrastructure and business spend, the stockmarket may not be reflecting it, but there is some confidence beneath all the market noise.”
This issue of Finweek is available in store and on Zinio <https://www.zinio.com/>
