Sign up to save your podcasts
Or
Share Market Wrap - Stock Picks — Amazon and cash
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Market Wrap - Stock Picks — Amazon and cash
Martin Smith from Anchor Securities chose Amazon.com as his stock pick of the day and Robert Towell from Sasfin Securities chose to stay in cash
Smith said: "On the back of the news out of the USA with regards to all the anti-trust issues we saw the "FANGS" take a bit of a knock. I use that as an opportunity to top us on a few shares there and I think Amazon is the pick of the bunch though."
Towell said: "I also like the FANGS, I think they were sold off quite aggressively but I think you can still wait and I think there is still a lot of noise coming through around the regulations in these big IT companies. I would rather stay in cash for the next week or so to see how the trade war pans out and how Trump finishes off in England."
View all episodes
By Business Day TVMartin Smith from Anchor Securities chose Amazon.com as his stock pick of the day and Robert Towell from Sasfin Securities chose to stay in cash
Smith said: "On the back of the news out of the USA with regards to all the anti-trust issues we saw the "FANGS" take a bit of a knock. I use that as an opportunity to top us on a few shares there and I think Amazon is the pick of the bunch though."
Towell said: "I also like the FANGS, I think they were sold off quite aggressively but I think you can still wait and I think there is still a lot of noise coming through around the regulations in these big IT companies. I would rather stay in cash for the next week or so to see how the trade war pans out and how Trump finishes off in England."