JSE STOCK PICKS

Well after the long weekend markets are looking rather bullish but dont let this fool you into just buying anything , the markets will suck you in & spit you out. This is a time to be very cautious , markets are very top heavy & the slightest bit of bad news will ensure a decent pull back. That being said I am looking to purchase 2 shares this week the 1st being SHP ( shoprite ) & the 2nd being SHF ( steinhoff ). SHP has had a nice pull back with all the other retailers but is still the strongest choice amongst the food retailers producing great results.

SHP:
Entry: 74.00
Target: 80.00 
Stop loss: 71.50
 Please note you should create your own targets &; stop loss strategy as only you will be able to feel when it is time to sell depending on your investment plan.

SHF is technically moving through its cycle & at the moment it is at the bottom of its cycle sitting on a low pe of 8.02. It is a fundamentally a good company & always a good purchase.

SHF:
Entry: 19.50
Target: 22.00
Stop loss: 18.50

JSE STOCK PICKS

It would seem the Dow was very happy with the non farm payroll figures by the way the markets finished on thursday & we will possibly follow depending on monday. Resource stocks are looking extremely strong but also very overbought & one gets the feeling that a buy in this area could be a mistake at such a late stage. Retailers have pulled back and will most probably come into buying territory soon. Some of the banks are heavily overbought for a while now & could be good shorting opertunities , but one must be specific on their picks.

My stock pick tommorow.

JSE STOCK PICKS

Please note, stock picks for the 1st week in April will be added on monday 5 April due to the long weekend.