WATCH: Stock pick — Amazon
Nesan Nair from Sasfin Securities and independent analyst Chris Gilmour talk to Business Day TV
Nesan Nair from Sasfin Securities chose Amazon and independent analyst Chris Gilmour chose to not go for any picks just yet
Nair said: “I’m going to be boring and call Amazon again: their results were out this week and they were sold off heavily as because the results did disappoint. They are spending $4bn in their own business addressing coronavirus on safety procedures, and for them I think the cost of doing business has just gone up because of the coronavirus. Not a lot of businesses are going to be able to survive this, so I think in a year or two years time they're are going to be even stronger than where they are right now.”..