Stock Watch - Stock Picks — Amazon and Airbus

Deryck Janse van Rensburg from Anchor Securities chose Amazon Inc as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose Airbus

Janse van Rensburg said: "Amazon is certainly got so much of the market at this stage from a retail perspective but I just think that this company with the
cash on balance sheet has got the ability to acquire, to horizontally integrate and if there are competitors out there they can swipe them up in a heartbeat. I think it's also about data, the data that they're able to get on all their online customers allows them to to really understand their base so well and really monetize on it, that's really what it's about for me. Obviously we're seeing a sharp pull back today in in the US markets and it could continue for a day or two. The stock is sitting it around seventeen hundred dollars a share I think it's starting to look interesting and if it does come down another hundred dollars I'll probably buy some"

McCurrie said: "Be proxy from mr. Shapiro I choose Airbus and he will explain it when he gets back because he asked me to choose Airbus for him"