WATCH: Stock picks — Shoprite and Nestlé

Nick Kunze from Sanlam Private Wealth chose Shoprite as his stock pick of the day and Jonathan Fisher from PSG Wealth Sandton Grayston chose Nestlé.

Kunze said: “Shoprite, and just a disclosure so we do own the share and we did put it into one of our portfolios from last week. Margins are still decent … we feel unfairly punished and it sold off.”

Fisher said: “We’re liking Nestlé, it’s a global food and beverage company that has operations all over the world and has a market cap of Sf309bn, which equates to about R4.6-trillion.”

Source: businesslive.co.za