WATCH: Stock picks — Nedbank and Electronic Arts
Gerbrand Smit from NeFG Fund Management and Gary Booysen from Rand Swiss talk to Business Day TV
Gary Booysen from Rand Swiss chose Nedbank as his stock pick of the day and Gerbrand Smit from N-e-FG Fund Management chose Electronic Arts.
Smit said: “I’ll go for the banking index, I’m more positive on those, let’s go for Nedbank.”
Booysen said: “I think there’s a lot of options available at the moment because we’ve had such a nice re-rating internationally. If you look at the big FANG stocks, they’ve always been very expensive and have come down aggressively but I’ll go with something like Electronic Arts.”
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