Jonathan Fisher from PSG Wealth Sandton chose Discovery as his stock pick of the day and Drikus Combrink from Capicraft chose Caterpillar Inc

Fisher said: "Discovery is trading at 1.39 times embedded value which is a lot higher than its peers. The reason is that historically they have grown at a much faster rate than the peers and their profitability of new businesses gathered and grown has been very good. They have come off over the past couple of months and that was after their last set of numbers were released end of Feb 2019. We think in 2 to 3 years time, at these levels there will be value forthcoming.

Combrink said: "Caterpillar is sitting at 11 PE (price earnings ratio) which for a company that has cyclical end markets and the earnings base is really high at the moment. 2018 earnings came in fairly high. The company is quite diversified and what you have seen in the last ten years is that the end markets aren't completely synchronised and not all of them are in a down swing at the same time and despite them being in a cyclical market they are the leaders in their field with a tremendous competitive advantage, according to Morning Star's research it would need about $20 billion in investment just to replicate what they already have, that is an enormous other mote in addition to the brand name they already have.