Graeme Franck from PSG Wealth Sandton talks to Business Day TV about his stock pick of the day
18 July 2019 - 10:42
byBusiness Day TV
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Shoppers leave the Shoprite store in Daveyton. Picture: REUTERS/SIPHIWE SIBEKO
Graeme Franck from PSG Wealth Sandton chose Shoprite as his stock pick of the day.
“So in light of tomorrow, and my expectation for interest rates, I do think that blue-chip retailers should rerate in a declining interest rate environment and it just generally better consumer confidence. So, I'm gonna go for Shoprite.”
Graeme Franck from PSG Wealth Sandton talks to Business Day TV about his stock pick of the day
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Market Analysis
WATCH: Stock pick — Shoprite
Graeme Franck from PSG Wealth Sandton talks to Business Day TV about his stock pick of the day
Graeme Franck from PSG Wealth Sandton chose Shoprite as his stock pick of the day.
“So in light of tomorrow, and my expectation for interest rates, I do think that blue-chip retailers should rerate in a declining interest rate environment and it just generally better consumer confidence. So, I'm gonna go for Shoprite.”
Graeme Franck from PSG Wealth Sandton talks to Business Day TV about his stock pick of the day
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