Stock Watch

Stock Watch - Stock Picks — dollar cash and Datatec


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Deryck Janse Van Rensburg from Anchor Securities chose dollar cash as his stock pick of the day and Rowan Williams from Nitrogen Fund Managers chose Datatec
Janse Van Rensburg said: "I'm using the strong rand to buy dollars, I do think that the US markets are quite elevated but I'm going to be a little bit patient, wait for a pull back and use that dollar cash at the right time and opportunity."
Williams said: "Datatec, and it's a little bit speaking to what Deryck is saying. It's a rand hedge and is exposed to a number of emerging markets, so dollar based earnings and really a turn-a-round story, in terms of slimming down the business, refocusing and I think good growth from here."
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