Market Wrap - Stock picks — Gold ETF, FAANG ETF and Nasdaq ETF
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Sam Mokorosi from Vunani Capital chose Gold ETF as his stock pick of the day and David Shapiro from Sasfin Securities chose FAANG ETF and Nasdaq ETF
Mokorosi said: "If I could for an ETF I would probably go for a Gold ETF just because you have the dual hedge; the rand hedge and the chaos hedge that gold gives you and that is where I would put my money at the moment.
Shapiro said: "I'm a big tech man, I think tech stocks are going to come up so strong. Find a FAANG ETF, but if you want to stay local buy a Nasdaq ETF. I think the big companies with a lot of cash, not only to put into research and development but also to take out other companies. I think they are going to come up as big winners from the mess that we are in at the moment."
Mokorosi said: "If I could for an ETF I would probably go for a Gold ETF just because you have the dual hedge; the rand hedge and the chaos hedge that gold gives you and that is where I would put my money at the moment.
Shapiro said: "I'm a big tech man, I think tech stocks are going to come up so strong. Find a FAANG ETF, but if you want to stay local buy a Nasdaq ETF. I think the big companies with a lot of cash, not only to put into research and development but also to take out other companies. I think they are going to come up as big winners from the mess that we are in at the moment."
