Stock Watch
WATCH: Stock picks — Visa and Disney
Wayne McCurrie from FNB Wealth & Investments and David Shapiro from Sasfin Securities talk to Business Day TV
06 August 2020 - 10:43
Wayne McCurrie from FNB Wealth & Investments (https://youtu.be/4wCC8PCMdks) chose Visa as his stock pick of the day and David Shapiro from Sasfin Securities (https://youtu.be/4wCC8PCMdks?t=66) chose Disney.
McCurrie said: “Visa came out with results on Wednesday, they weren’t fantastic, but earnings were up and they beat market expectations a little bit, but the structure of the company is geared towards massive cash generation and the one thing that Covid has done is cause people to not carry cash any more ... everything is now going onto cards.”..
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