Market Wrap - Stock pick — BHP and MTN
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David Shapiro from Sasfin Securities chose BHP as his stock pick of the day and Martin Smith from Anchor Capital chose MTN.
Shapiro said: "I'm very happy to buy BHP because the iron-ore price is at $120 a ton. What's very interesting is that bulletin is up almost 30% this year to date which is way above the overall index. It's a pretty solid number."
Smith said: "MTN is a stock that I like, they came out with a solid set of numbers recently, obviously there was a little bit of disappointment around dividends and it remains to be seen what happens with a final year dividend in the coming months. It's still one that I think offers good value and I think there's a nice upside there"
Shapiro said: "I'm very happy to buy BHP because the iron-ore price is at $120 a ton. What's very interesting is that bulletin is up almost 30% this year to date which is way above the overall index. It's a pretty solid number."
Smith said: "MTN is a stock that I like, they came out with a solid set of numbers recently, obviously there was a little bit of disappointment around dividends and it remains to be seen what happens with a final year dividend in the coming months. It's still one that I think offers good value and I think there's a nice upside there"
