Stock Watch - Stock picks — Gold Etf and BAT

Alex Duys from Umthombo Wealth chose Gold Etf as his stock pick of the day and Joseph Busha from JM Busha Investments chose British American Tobacco.

Duys said: "I'm concerned about global prospects and we favour the Golf ETF at this particular stage. Considering that industries will probably remain lower for longer as all country's fiscal position looks dire it is also very like with all the stimulas that you've seen that perhaps there will be unexpected inflation in the future. Gold is probably the best hedge for such an environment."

Busha said: "Many may disagree but I'm going for British American Tobacco, they have promised to maintain their payout ratio of 65% and they offer a 6,5% to 7% dividend yield. From a momentum point of view there is an opportunity to buy and although the minister is having a few problems, smokers are still puffing away."
29 Jun 2020 2AM English South Africa Business · Investing

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