Stock Watch - Stock picks — BAT and JP Morgan
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Gerbrand Smit from N-e-F-G Fund Management chose British American Tobacco as his stock pick of the day and Deryck van Rensburg from Anchor chose JP Morgan.
Smit said: "I'm going to go for British American Tobacco, it pulled back about 15% over the last month or so, I these cigarette companies are going to do better than what people are expecting globally."
van Rensburg said: "My stock pick is JP Morgan, I certainly think that they have not felt any of the extent of the bounce that's taken place with this low interest rate environment, and I do think from a fundamental perspective it's looking very attractive."
Smit said: "I'm going to go for British American Tobacco, it pulled back about 15% over the last month or so, I these cigarette companies are going to do better than what people are expecting globally."
van Rensburg said: "My stock pick is JP Morgan, I certainly think that they have not felt any of the extent of the bounce that's taken place with this low interest rate environment, and I do think from a fundamental perspective it's looking very attractive."