Stock Watch- Stock Picks - Alphabet Inc and Docusign Inc

Nesan Nair from Sasfin Securities chose Alphabet Inc as his stock pick of the day, the released their results recently and the market didn’t like the fact that their costs were growing ahead of guidance but if you go deeper into their results they are still growing their advertising revenue 20% plus a year. They invested in a whole lot of new technologies that is costing a whole lot of money and they are throwing a lot of resources and people at it. At some point in time it will break even and when it does, Google is going to be a market leader.

Bright Khumalo from Vestact chose Docusign Inc as his stock pick of the day. This company sits in a 25 Billion US dollars market of e-signatures. These are integratable into any device most importantly your ERP’s (enterprise resource planning) at work and Docusign have 60% of the market and they are worth 8,5 billion US dollars. The share price trade normally and there is always volume.