Picture: 123RF/NUPEAN PRUPRONG
Picture: 123RF/NUPEAN PRUPRONG

Gerbrand Smit from N-e-F-G Fund Management chose British American Tobacco (Bat) As his stock pick of the day and Deryck van Rensburg from Anchor chose JPMorgan.

Smit said: “I’m going to go for British American Tobacco, it pulled back about 15% over the Past month or so, I think these cigarette companies are going to do better than people are expecting globally.”

Van Rensburg said: “My stock pick is JPMorgan, I certainly think that they have not felt any of the extent of the bounce that’s taken place with this low-interest-rate environment, and I do think from a fundamental perspective it’s looking attractive.”

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