WATCH: Stock picks — Shoprite and AGNC Investment
Mia Kruger from Kruger International and Drikus Combrinck from Capicraft talk to Business Day TV
Mia Kruger from Kruger International chose Shoprite as her stock pick of the day and Drikus Combrinck from Capicraft chose AGNC Investment.
Kruger said: “I’m going for Shoprite, we saw the numbers coming out on their sales side and it looked good, they actually did pretty well from promotions when it was Black Friday and Cyber Monday, and they got that part right.”
Combrinck said: “My pick is AGNC Investment Corporation listed on Nasdaq. It’s what you call an mReit — a mortgage Reit [real estate investment trust], but it is different from other mortgage Reits as they only buy mortgage Reits in the government-guaranteed sector, so there’s basically no credit risk in the mortgages that they buy.”