Stock Watch- Stock Picks - AngloGold Ashanti and Mondi
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Greg Katzenellenbogen Sanlam Private Wealth chose Anglogold Ashanti as his stock pick of the day. He believes that over the next couple of years we are going to see a massive rise in the price of gold and that is not only because we will eventually see a weaker dollar but we will see the return of inflation in a couple of years time.
Chantal Marx from FNB Wealth & Investments chose Mondi Ltd as her stock pick of the day. Technically there is a quite a bit of momentum behind Mondi at the moment and from a fundamental perspective the valuation still looks quite compelling relative to its expected growth profile. It also came out with a trading statement on Monday that beat the market expectation by quite a significant margin which tells you that the market isn't quite pricing this stock correctly.
Chantal Marx from FNB Wealth & Investments chose Mondi Ltd as her stock pick of the day. Technically there is a quite a bit of momentum behind Mondi at the moment and from a fundamental perspective the valuation still looks quite compelling relative to its expected growth profile. It also came out with a trading statement on Monday that beat the market expectation by quite a significant margin which tells you that the market isn't quite pricing this stock correctly.
