WATCH: Stock picks — Amazon and Airbus
Deryck Janse van Rensburg from Anchor Securities chose Amazon as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose Airbus.
Janse van Rensburg said: “Amazon has certainly got so much of the market at this stage from a retail perspective but I … think … this company, with the cash on balance sheet, has got the ability to acquire, to horizontally integrate and, if there are competitors out there, they can swipe them up in a heartbeat.”
McCurrie said: “Be proxy from Mr Shapiro; I choose Airbus and he will explain it when he gets back because he asked me to choose Airbus for him.”
Source: businesslive.co.za