Nintendo and Anglo American
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Devin Shutte from The Robert Group chose Nintendo as his stock pick of the day and Jonathan Fisher from PSG Wealth Sandton Grayston chose Anglo American.
Shutte said: "I'm going for Japanese listed Nintendo so, you know this is a company that's been around for for decades, it is a really strong name and a market leader in console sales in the US for more than two years. It's switch console has been incredibly well received but the issue has been a lot of the growth has gone into mobile gaming. Nintendo has recently announced a deal with an augmented reality studio called Nanotech to kind of monetize and create these mobile games for iconic characters."
Fisher said: "I'm going for Anglo America, probably one of SA's favourite Bellwether stocks. It seem to be on a continued good run, they came out with full year results for December in February and they were okay but I think what the market was looking at is the prospects going forward. The share price has really done well and it's done well on the back of metal prices and mineral prices or ore prices that they mine, really going up nicely."
Shutte said: "I'm going for Japanese listed Nintendo so, you know this is a company that's been around for for decades, it is a really strong name and a market leader in console sales in the US for more than two years. It's switch console has been incredibly well received but the issue has been a lot of the growth has gone into mobile gaming. Nintendo has recently announced a deal with an augmented reality studio called Nanotech to kind of monetize and create these mobile games for iconic characters."
Fisher said: "I'm going for Anglo America, probably one of SA's favourite Bellwether stocks. It seem to be on a continued good run, they came out with full year results for December in February and they were okay but I think what the market was looking at is the prospects going forward. The share price has really done well and it's done well on the back of metal prices and mineral prices or ore prices that they mine, really going up nicely."
