Stock Watch - Stock Picks — Adcock Ingram and cash
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Ricus Reeders from PSG Wealth Sandton chose Adcock Ingram as his stock pick of the day and Ian Cruikshanks from the SAIRR chose cash
Reeders said: "I"m going with Adcock, they have had decent results, obviously there is always the problem with regulation specifically with the National Health Initiative but their over-the-counter market is growing. I think there's great potential there specifically if people start having to go with the over the over-the-counter route rather than going to your doctor."
Cruickshanks said: "I would tend to go into the US market with a currency hedge first of all and I'd want to go in for to a fund which had commercial bonds because I believe if you have any rate cuts is going to be a capital gain score there and it's perhaps one area where income may be maintained as well I take that as my safe haven right."
Reeders said: "I"m going with Adcock, they have had decent results, obviously there is always the problem with regulation specifically with the National Health Initiative but their over-the-counter market is growing. I think there's great potential there specifically if people start having to go with the over the over-the-counter route rather than going to your doctor."
Cruickshanks said: "I would tend to go into the US market with a currency hedge first of all and I'd want to go in for to a fund which had commercial bonds because I believe if you have any rate cuts is going to be a capital gain score there and it's perhaps one area where income may be maintained as well I take that as my safe haven right."
