Stock Watch - Stock picks — MSCI EAFE ETF and Lemonade Inc.

Drikus Combrinck from Capicraft chose MSCI EAFE ETF as his stock pick of the day and Bright Khumalo from Vestact chose Lemonade Inc.

Combrinck said: "I'm going for MSCI EAFE ETF which is all the major developed economies outside of the US. This is the EAFE value index which dropped in March to levels last seen in 2005 and has recovered about half of its losses in the meantime. I think there's still a lot of value left."

Khumalo said: "My pick is Lemonade, it's a newly listed insurance firm in the US with the share code LMND. A very interesting one company with a very disruptive model with how they do insurance. They let you insure a product when you want to ensure it, for the period that you want to ensure it,and when you don't want to insure it you just click the button and you keep it then for when you need to use the product or want it insured again. "