Stock Watch - Stock picks — BAT and Novo Nordisk
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Ricus Reeders from PSG Wealth Sandton chose British American Tobacco as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose Novo Nordisk.
Reeders said: "My stock pick happens to be listed here and British American Tobacco is to me an obvious choice. In other words, a stable industry I think it's undervalued relative to its peers and I don't think that dividend is in any danger. It's pretty good historic at about 4.5% at the moment."
Verster said: "I'm picking a Danish pharmaceutical company called Novo Nordisk. They are the world leaders when it comes to insulin and they are making a lot of money through selling effectively insulin and they're also now involved in Covid research. While the share prices have gone a bit silly for most pharmaceutical companies that are involved with Covid research, Novo Nordisk is still at a reasonable price. So between the core business of insulin to fight diabetes and the new businesses like Covid research and testing which could be very beneficial to them my stock pick is Novo Nordisk
Reeders said: "My stock pick happens to be listed here and British American Tobacco is to me an obvious choice. In other words, a stable industry I think it's undervalued relative to its peers and I don't think that dividend is in any danger. It's pretty good historic at about 4.5% at the moment."
Verster said: "I'm picking a Danish pharmaceutical company called Novo Nordisk. They are the world leaders when it comes to insulin and they are making a lot of money through selling effectively insulin and they're also now involved in Covid research. While the share prices have gone a bit silly for most pharmaceutical companies that are involved with Covid research, Novo Nordisk is still at a reasonable price. So between the core business of insulin to fight diabetes and the new businesses like Covid research and testing which could be very beneficial to them my stock pick is Novo Nordisk