Market Wrap - Stock Pick - Iron Ore
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Liston Meintjes from Nvest Securities is looking at resources like Iron-Ore as his stock pick of the day
"At the moment the ones that I am favouring are still the resources, I know that they've had a pull back on the recent past, but one way or another, whether the trade wars are over or not there is still world growth. That means that various items are in greater demand or at least as good demand as previously and I don't think that some of the companies, due to report are showing yet, the values that they've seen let alone the ones that are prevailing now. There will be a downturn in the future and we can discount that and honestly I would be heading in the direction of resources, and within that specifically Iron Ore because of the Vale problem”
"At the moment the ones that I am favouring are still the resources, I know that they've had a pull back on the recent past, but one way or another, whether the trade wars are over or not there is still world growth. That means that various items are in greater demand or at least as good demand as previously and I don't think that some of the companies, due to report are showing yet, the values that they've seen let alone the ones that are prevailing now. There will be a downturn in the future and we can discount that and honestly I would be heading in the direction of resources, and within that specifically Iron Ore because of the Vale problem”
