Picture: 123RF/DOUW DE JAGER
Picture: 123RF/DOUW DE JAGER

Steven Schultz from Momentum chose British American Tobacco (BAT) as his stock pick of the day.

"My stock pick is a rather conservative one and it is BAT, which traditionally has been an exceptionally defensive counter and which I like. Obviously, one can question the trend of tobacco but the reality is today it's exceptionally cheap, it trades at a 24 month forward PE over 8 which I think is an absolute bargain."

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