WATCH: Stock picks — Ferrari and cash

David Shapiro from Sasfin Securities chose Ferrari as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose cash.

Shapiro said: “Ferrari traded at an all-time high yesterday and continued today. Their third-quarter numbers were absolutely staggering, to think that people in this kind of climate continue to buy Ferraris — it’s astonishing, but it happens.”

McCurrie said: “I’m still going to sit back on cash. I think there could be a bit more uncertainty coming over the next while, but I’m not worried about the level of overseas markets.”