Trade Ideas
Global Trade Idea: Prudential Financial Inc. (PRU US) - BUY
We enter a long position with a target price of $116.00 and a stop-loss of $100.00.
06 November 2025
Trade Ideas
Global Trade Idea: Prudential Financial Inc. (PRU US) - BUY
We enter a long position with a target price of $116.00 and a stop-loss of $100.00.
06 November 2025
Everything you need to know about the markets this week
Weekly opportunities podcast EP 42
03 November 2025
Trade Ideas
Local Trade Idea: OUTsurance Group (OUT) - BUY
We initiate a long position. Our upside target is set at R87. We recommend a stop-loss at R69.
28 October 2025
Everything you need to know about the markets this week
Weekly opportunities podcast EP 41
27 October 2025
Everything you need to know about the markets this week
Weekly opportunities podcast EP 40
This week we cover the start of US earnings season as well as the latest trade war concerns. We also cover latest news on the JSE as well as Chantal's stock pick for the week.
20 October 2025
Flash Notes
Mining output experiences a setback in August
Mining production (not seasonally adjusted) marginally contracted by 0.2% y/y in August after expanding by an upwardly revised 5.1% y/y (previously 4.4% y/y) in July. The outturn was weaker than Bloomberg consensus expectations of a 1.7% y/y increase. Seasonally adjusted mining output, which is critical for quarterly GDP growth calculations, decreased by 1.2% m/m, reversing the 1.2% (previously 1.0%) monthly gain in July. In the three months to August, mining output was up by 3.3%, highlighting continued sectoral support for 3Q GDP growth, albeit likely to a lesser extent than what played out in 2Q25.
14 October 2025
Everything you need to know about the markets this week
Weekly opportunities podcast EP 39
13 October 2025
Economics weekly
The state of the consumer: Insights from the 3Q25 Quarterly Bulletin
10 October 2025
Everything you need to know about the markets this week
Weekly opportunities podcast EP 42
03 November 2025
Everything you need to know about the markets this week
Weekly opportunities podcast EP 41
27 October 2025
Everything you need to know about the markets this week
Weekly opportunities podcast EP 40
20 October 2025
Disclaimer
This Publication note is issued by FNB for the information of clients only and should not be produced in whole or part without prior permission. Although FNB is an Authorised Financial Services Provider, any opinions and/or analysis contained in this Publication are for informational purposes only and should not be considered advice, including but not limited to financial, legal or tax advice, or a recommendation to invest in any security or to adopt any investment strategy. The information contained herein has been obtained from sources/persons which we believe to be reliable. Still, it is not guaranteed for correctness, completeness or otherwise. We do not assume liability for loss arising from errors in the information or that may be suffered from using or relying on the information contained herein, irrespective of whether there has been any negligence by us, our affiliates or any other employees of ours, and whether such losses are direct or consequential. As market and economic conditions are subject to rapid change, any comments, opinions and analyses are rendered as of the date of publishing and may change without notice. Such changes may have a material impact on the outcome of any investment. Securities involve a degree of risk and are volatile instruments. Past performance is not indicative of future performance. Securities or financial instruments mentioned in the Publication note may not be suitable for all investors, and FNB bears no responsibility whatsoever arising from or as a consequence thereof. The material is not intended as a complete analysis of every material fact regarding any share, instrument, sector, region, market, country, investment or strategy. The recipient of this Publication must make their own investment decision and is advised to contact their relationship manager for a personal financial analysis before making any investment decisions. Copyright 2023.
