Stock Watch - Stock picks — Shoprite and Invesco global water ETF
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Nesan Nair from Sasfin Securities chose Shoprite as his stock pick of the day and Gary Booysen from Rand Swiss chose Invesco global water ETF.
Nair said: "I'm going to go with a local stock, I'm gonna to go for a local retailer. You've got some quality businesses out there and Shoprite for me is one of those. If we do end up getting a harder lockdown, they will probably benefit out of it because people won't be able to go to restaurants any longer, so I think I'm going to give them the benefit of the doubt.
Booysen said: "I'm going for an internationally listed ETF and it primarily tracks Nasdaq listed companies. It's called the Invesco global water ETF and it's just to play into a theme around clean water and investing in water."
Nair said: "I'm going to go with a local stock, I'm gonna to go for a local retailer. You've got some quality businesses out there and Shoprite for me is one of those. If we do end up getting a harder lockdown, they will probably benefit out of it because people won't be able to go to restaurants any longer, so I think I'm going to give them the benefit of the doubt.
Booysen said: "I'm going for an internationally listed ETF and it primarily tracks Nasdaq listed companies. It's called the Invesco global water ETF and it's just to play into a theme around clean water and investing in water."
