Stock Picks
Another jampacked week filled with opportunities across sectors and with Cyber Monday in full swing, we are sure to pick up a few bargains along the way.
EasyResearch looks at 3 stocks to get your week going!
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Cartrack Holdings Limited (CTK)
Cartrack the local telematics car and fleet tracking company has been impressing investors throughout the year and, its share price has gained 63% over the last year. The business has shown resilience throughout the pandemic which was clear from the latest interim earnings release.
Subscriptions to Cartrack rose by 19% with operating profit up 16% from the year before and, the company also pays a dividend, what more can you ask for?
Satrix S&P 500 ETF (STX500)
Celebrating 20 years of Exchange Traded Fund (ETF) awesomeness, Satrix has been a pioneer in the Exchange Traded Fund (ETF) field and also listed the first-ever ETF in South Africa.
With investors looking to diversify their portfolios and with possible vaccines hitting our shelves next year, the Satrix S&P 500 ETF might be good for the long haul. The top 5 constituents are Apple, Microsoft, Amazon, Facebook and Alphabet for the tech investors with the one and only Tesla also inbound to form part of the S&P 500.
Tesla Inc (TSLA)
Cyber Monday will not be complete without the “Cyber Truck” manufacturer and all-round mega automobile stock in the world, Tesla. The EV maker's share price has gained over 600% year-to-date and, with its latest inclusion into the S&P 500, it might just go along way.
The latest from the electric vehicle (EV) manufacturer is that it has gained approval from the Chinese government to sell the Shanghai made Model Y utility vehicle.
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Informed decisions
The global economy is still digesting the possibility of a recovery from the COVID-19 pandemic, which might translate into some volatility over the coming months, so diversification will become key.
New to investing
and want to know more about Tesla and our recent Stock Picks?
Read: Tesla Inc. batteries included, and Easy Stock Picks to get your week going
Sources – EasyResearch, Cartrack, Satrix, SeekingAlpha, Moneyweb.
Take note: stock data was taken on 30/11/2020 during the JSE market open.
Follow Barry Dumas
@BEEF_FINMARKETS
Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table.
