WATCH: Stock picks — Shoprite and Bidvest
Chantal Marx from FNB Wealth & Investments and Ricus Reeders from PSG Wealth Sandton talk to Business Day TV
Chantal Marx from FNB wealth And Investments chose Shoprite as her stock pick and Ricus Reeders from PSG Wealth Sandton chose Bidvest.
Marx said: “I like the SA food retail space at the moment. I specifically like Spar and Shoprite. Shoprite is my pick for tonight; I think that this is a stock that does well in terms of gaining market share when times are tough.”
Reeders said: “Bidvest came out with numbers and this price goes below R170 because there’s a market shock. It’s going to go low so there’s your stop-loss in place, but considering the results it’s a story I like.”
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