Market Wrap - Stock Pick — Pfizer

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Steven Schultz from Momentum chose Pfizer as his stock pick of the day.

"Pfizer pharmaciuticals is a US listed off-shore company. I think it is a great environment to take a very defensive growth counter such as Pfizer. It is in the headlines at the moment for its acquisition of Aray biopharm which is effectively an oncology portfolio which bolts on quite nicely to Pfizer. Not a cheap counter by any measure at the moment but it does boast a pretty impressive dividend yield of 3.3% in US dollar terms."
18 Jun 2019 2AM English South Africa Business · Business News

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