Picture: ISTOCK
Picture: ISTOCK

Bright Khumalo from Vestact chose Nvidia as his stock pick of the day and Greg Katzenellenbogen from Sanlam Private Wealth chose Anglo American.

Khumalo said: “I’m going with Nvidia, another company that’s been battered and halved at some point on the earnings front. This is a chipmaker that makes gaming chips, bitcoin mining chips, etc, and their technology’s about 18 months ahead of the game in terms of like their competitors.”

Katzenellenbogen said: “My stock pick is Anglo American, mining stocks are probably the cheapest they’ve been for about 100 years, if you take cyclically adjusted price-earnings [Cape] ratio. In fact, the mining stocks at the moment are worse than when they were in the global financial crisis and in the dot-com bubble.”

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