WATCH: Stock picks — BAT and JPMorgan
Gerbrand Smit from N-e-F-G Fund Management and Deryck van Rensburg from Anchor talk to Business Day TV
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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