Picture: 123RF/welcomia
Picture: 123RF/welcomia

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

Shapiro said: “I’ve been looking at luxury goods and luxury companies as well and Estée Lauder came out with numbers which were staggering.”

McCurrie said: “Sasol’s current situation feels a lot like 2014 and 2015. Money has seriously been wasted on Lake Charles but the question is: is that in the share price? Sasol can literally abandon Lake Charles and could just walk away and the share price will go up.”

David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV

Or listen to the full audio: