Market Wrap - Stock picks — cash and Porsche
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Makwe Masilela from Makwe Fund Managers chose cash as his stock pick of the day and David Shapiro from Sasfin Securities chose Porsche.
Masilela said: What's been drawing my attention is the strength of the rand and given that the markets have done so well I'll be sitting on my cash.
Shapiro said: I can't believe that there are so many rich people in the world, lining up to buy these luxury cars, so I thought I'd look at Porsche as well. Porsche is also a model that I think has a wide appeal so although I haven't looked closely at it, I am going to say if Ferrari can do it, there is nothing wrong with a Porsche.
Masilela said: What's been drawing my attention is the strength of the rand and given that the markets have done so well I'll be sitting on my cash.
Shapiro said: I can't believe that there are so many rich people in the world, lining up to buy these luxury cars, so I thought I'd look at Porsche as well. Porsche is also a model that I think has a wide appeal so although I haven't looked closely at it, I am going to say if Ferrari can do it, there is nothing wrong with a Porsche.
