Stock Watch - Stock picks — Boston Scientific and BAT

Deryck Janse van Rensburg from Anchor Capital chose Boston Scientific as his stock pick of the day and Alex Duys from Umthombo Wealth chose British American Tobacco.

Janse van Rensburg said: "I'm going to go with Boston Scientific, this is a medical business based in the US. They have a nice spread from a geographical perspective with a majority of it stemming from the US. Talking to the theme of moving from tech into more fundamental players I think this is a stock that will get some tailwind. It was impacted in the short term due to Covid. I am of the opinion that we will see a vaccine come through in the next 5 months and if that is the case I do think that elective surgeries will start to kick back into action.

Duys said: "You can now buy British American Tobacco at a big discount. You have a dividend yield in excess of 8% forward which is almost guaranteed for the time being. In general I believe the company is very well positioned, generating very good cashflows and will continue to de-gear. I cannot find a much better asset with an eight percent dividend yield in pound sterling than British American Tobacco"