Daily Stock Pick
WATCH: Stock picks — General Electric and EOH
Only on Business Day TV DStv Channel 412
Drikus Combrinck from Capicraft chose General Electric ($17.94/-0.25%) as his stock pick of the day. The company has lost more than a $100bn this year in market cap. From trading in the deep $40s, it is now below $20. General Electric’s (GE’s) new CEO, John Flannery, has booted out half the board, which means there are less corporate expenses. There is also a lot of other restructuring taking place, which means GE is a competitive company that will provide decent returns over the long run. Going against the general market, Graeme Korner from Korner Perspective chose EOH (R89.08/+2.59%) as his stock pick of the day. He feels that the company is moving into a different phase, during which it will not be highly acquisitive and there will be more organic growth. OR LISTEN TO THE FULL SHOW:
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.