Stock Watch - Stock picks — Global Market Recovery and Prosus
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David Shapiro from Sasfin Securities chose to back global markets recovery and Wayne McCurrie from FNB Wealth & Investments chose Prosus as his stock pick of the day.
Shapiro said: "I would back the blue wave, I think that we're going to see strong markets after the election for whatever reason. It's hard to call it but I think that there will be stimulus packages as well, so I'm backing global markets picking up."
McCurrie said: "I'm going for Prosus, when you look at the Prosus and you take out the value of Tencent, about 50% of the rest of the valuation of the shares are actually classified and classified listings are going up hand over first right now. "
Shapiro said: "I would back the blue wave, I think that we're going to see strong markets after the election for whatever reason. It's hard to call it but I think that there will be stimulus packages as well, so I'm backing global markets picking up."
McCurrie said: "I'm going for Prosus, when you look at the Prosus and you take out the value of Tencent, about 50% of the rest of the valuation of the shares are actually classified and classified listings are going up hand over first right now. "
