Stock Pick - Alibaba & Nedbank

Gary Booysen from Rand Swiss chose Alibaba Group as his stock pick of the day, looking at the enormous amount of pressure that the Chinese market has been under of late. You've seen many of the Chinese stocks come off and most of this is macro economic factors while taking into consideration what's actually happening at the company. Trade wars certainly was a big concern for the company but China is a very retail driver market so and with a little bit of panic you get big movement in the market and this is when the baby is thrown out with the bath water - this is the case with Alibaba. The nice thing is that is has a nice share buyback coming and the share is a lot cheaper than it has been in a long time.