Alibaba and LVMH
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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."
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."
