WATCH: Stock picks — Fortress B and Nike

Nick Crail from Ashburton Investments chose Fortress B as his stock pick of the day and Bright Khumalo from Vestact chose Nike.

Crail said: “I’m going to go for a local stock with a high dividend yield and that is Fortress B, a property share. You have the A and B shares, the A shares effectively guarantee a 5% increase in dividend on an annual basis. The B shares are the ones that take the beating should the overall company not have the ability to pay that out. But, when having a look at that share at the moment, if consensus is right and you see the B shares actually growing their dividend next year, it could be around 18% dividend yield on a forward basis.”

Khumalo said: “I’m going with Nike, last week Thursday they released the first-quarter numbers for the 2020 financial year. I like … that Nike direct is doing well. What do all luxury companies have in common? They all control their supply chain so that they can control the experience to the people.”