Stock Watch - Stock picks — Blackrok and Glaxo Smith Kline
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Gary Booysen from Rand Swiss chose Blackrock as his stock pick of the day and Graeme Körner from Körner Perspective chose Glaxo Smith Kline.
Booysen said: "I'm going with Blackrock, it's an asset management business and it's the US's largest asset manager. It has an incredibly good dividend payer which I think is going to be very beneficial in the low interest rate environment as people start looking for yield."
Körner said: "I'm going with Glaxo Smith Kline, we think it gives you a blend of of upside and it's fairly defensive. It's sharecode GSK is listed in London and is trading at about £15,25. It's a good business with a combination of pharmaceuticals and a good vaccine portfolio. Some new vaccines that have been brought online in the last year or two are contributing meaningfully, and they also have a very powerful over-the-counter portfolio."
Booysen said: "I'm going with Blackrock, it's an asset management business and it's the US's largest asset manager. It has an incredibly good dividend payer which I think is going to be very beneficial in the low interest rate environment as people start looking for yield."
Körner said: "I'm going with Glaxo Smith Kline, we think it gives you a blend of of upside and it's fairly defensive. It's sharecode GSK is listed in London and is trading at about £15,25. It's a good business with a combination of pharmaceuticals and a good vaccine portfolio. Some new vaccines that have been brought online in the last year or two are contributing meaningfully, and they also have a very powerful over-the-counter portfolio."