10 Top Stocks I'd Buy Right Now
2026-10-02 18:22
•Matt Frankel, Cfp® •The Motley Fool
•••• •••••••••••••••• Axe Cap view
Global tech surge: watch the rand and local banks
Fed hiking rates again shakes US tech stocks, with mixed implications for the rand and South African financials.
The recent Fed rate hike, the first in three years, is reigniting interest in US tech giants like Amazon and Google. While these stocks are backed by solid growth narratives, South African investors should be cautious. Tech-heavy global moves can weaken the rand, pressuring exporters and local currency bond yields. That said, banks such as Standard Bank and FirstRand often benefit from higher rates through wider interest margins, providing a local hedge. But rising US rates could also cool liquidity globally, limiting capital inflows into JSE shares. Investors might consider trimming high-multiple local counters like Naspers, which has heavy exposure to global tech, while watching financials for better stability. This view could misfire if the rand unexpectedly strengthens or if JSE tech stocks decouple positively from US markets. this is just our opinion and not financial advice
Trim tech-heavy stocks like Naspers to lock in gains and reduce volatility risk. Consider increasing exposure to South African banks such as Standard Bank and FirstRand to benefit from rising interest rates.
- Naspers
- Standard Bank
- FirstRand
- USD/ZAR
- Rand appreciates sharply due to external capital inflows
- US tech sector outperforms despite rate hikes
6/10
Following the Federal Reserve's first rate increase in three years, Matt Frankel presents a curated list of 10 stocks to buy now, featuring a mix of safe compounders, dividend payers, and higher-upside growth names suitable for various investor types.
Our take is based on reporting first published by The Motley Fool.