Stock Watch
WATCH: Stock picks — American banks and Cashbuild
David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV
04 March 2021 - 08:27
David Shapiro from Sasfin Securities (https://youtu.be/Wzx7z5OFN4E)chose American Banks as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments (https://youtu.be/Wzx7z5OFN4E) chose Cashbuild.
Shapiro said: “I like American banks, and I’ve avoided them for a long time, but I think as things pick up now, especially with interest rates going up, margins are going to increase. As we get into the northern hemisphere summer, I think you’re going to see more spending and I think they’ve also over provided.”..
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