01 July 2021 1 Min Read
Stock Watch
WATCH: Stock picks — Chip manufacturers and Ferrari
Wayne McCurrie from FNB Wealth & Investments, and David Shapiro from Sasfin Securities talk to Business Day TV
in Markets by Business Day TV
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Wayne McCurrie from FNB Wealth & Investments chose Chip Manufacturers as his stock pick of the day, and David Shapiro from Sasfin Securities chose Ferrari.
McCurrie said: “Any chip manufacturer, there’s such a shortage of chips worldwide, they’re expanding their capacity and they are going to make a killing.”
Shapiro said: “I’m going for Ferrari because they’re going the electrical route and they've just appointed Benedetto Vigna who’s a semiconductor man — he’s a chip-man and he's been appointed the new CEO of Ferrari. Yes it's going to take a bit of time but they're going to zoom away.”
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