Stock Watch
WATCH: Stock picks — AutoNation and Philip Morris
David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV
22 October 2020 - 12:04
David Shapiro from Sasfin Securities (https://youtu.be/75rFwgqHpI8) chose AutoNation as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments (https://youtu.be/75rFwgqHpI8) chose Philip Morris.
Shaprio said: “I’m going for a company called AutoNation. They sell motor cars in the US but they’ve got distributorships both in new and used. Their results were out today, which were really incredible and it’s mainly because people in the US are buying second-hand cars as they are preferring to own cars rather than to use public transport.”..
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