Stock Watch - Stock picks — Home Depot and Sibanye
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Wayne McCurrie from FNB Wealth & Investments chose Home Depot as his stock pick of the day and David Shapiro from Sasfin Securities chose Sibanye-Stillwater.
McCurrie said: "I'm getting on to this and maybe it's a bit late in the day, this DIY stay at home story. You look at Cashbuild's and Builders' results and they are fantastic. So I'm going to go for a Home Depot in America. They came out with a very good set of results, people are literally staying at home and fixing all the things at home. Now I know that it won't last forever, but
it looks like a reasonable short term investment. It's a good company, it has strong cash flows, so
maybe it's a little bit of a boring pick, but I think a fairly solid pick"
Shapiro said: "Well I think out of all the results that I went through, the two that stand out is Sibanye and Kumba, and admittedly Anglo Plats as well. But, I think I will just go for Sibanye, I just think Froneman is something else."
McCurrie said: "I'm getting on to this and maybe it's a bit late in the day, this DIY stay at home story. You look at Cashbuild's and Builders' results and they are fantastic. So I'm going to go for a Home Depot in America. They came out with a very good set of results, people are literally staying at home and fixing all the things at home. Now I know that it won't last forever, but
it looks like a reasonable short term investment. It's a good company, it has strong cash flows, so
maybe it's a little bit of a boring pick, but I think a fairly solid pick"
Shapiro said: "Well I think out of all the results that I went through, the two that stand out is Sibanye and Kumba, and admittedly Anglo Plats as well. But, I think I will just go for Sibanye, I just think Froneman is something else."