Gary Booysen from Rand Swiss chose Johnson & Johnson as his stock pick of the day and Nesan Nair from Sasfin Securities chose Ferrari.

Booysen said: "Johnson & Johnson are no longer just doing baby products they are now the world's largest healthcare company. They have fifteen things in the pipeline that are coming and overall if you look at the balance sheet of Johnson & Johnson compared to others, the short term noise is giving you opportunity to enter. They also have the highest dividend yields in the US, it's around 2,9% in US dollars - and they've had an increased dividend for 57 years in a row.

Nair said: "What we like about Ferrari is that it listed not too long ago and I think with this rally that we've seen in international markets is that it has been concentrated in US tech shares largely and I think the impression we get speaking to clients is that they want to buy these American tech shares. Europe itself hasn't really done so well as an economy and generally as market Europe has under performed yet there are some gems that have come out of Europe and Ferrari one of those gems. After it listed it came down but in the last two to three years it's just absolutely run really hard, really living up to its name so it's one that we think also as a brand is a very aspirant brand.