Alibaba and LVMH

Martin Smith from Anchor Capital chose Alibaba as his stock pick of the day and David Shapiro from Sasfin Securities is looking at Luxury stocks like LVMH.

Smith said: "I've gone back and forward a little bit on this one but I think I'm going to say Alibaba. They are still looking incredibly cheap and it's going to be a bit volatile but I think there's going to be a couple of bumps along the way and I think it offers great value at these levels.Shapiro said: "I'm going for the summer of love, I think people are going to spend like mad and do some revenge spending as know as a vaccine roll out gather space and people feel more confident. I'm talking Northern hemisphere and I'm going for luxury, I think LVMH and companies like that are going to benefit from the spending."