Stock Watch - Stock picks — Transaction Capital and Splunk
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Wayne McCurrie from FNB Wealth & Investments chose Transaction Capital as his stock pick of the day and David Shapiro from Sasfin Securities chose Splunk
McCurrie said: "A fantastic business, they know their customers well, they supply every single thing that you need, from financing to repairs, everything. The taxi industry is not disappearing in South Africa, it's actually a highly efficient industry and it has withered the downturns in our economy, actually very stable players in this market and they have been consistently good, so any share price weakness I think it's good to buy"
Shapiro said: "Splunk, I just like the name it's a software for services that use the cloud. It's getting very good write-ups, its sales growth over the last few years have been astonishing and it's in security software and it's in Internet of Things software. So there are three companies in that space, they are Accenture, Salesforce and Splunk, but you won't forget the name Splunk."
McCurrie said: "A fantastic business, they know their customers well, they supply every single thing that you need, from financing to repairs, everything. The taxi industry is not disappearing in South Africa, it's actually a highly efficient industry and it has withered the downturns in our economy, actually very stable players in this market and they have been consistently good, so any share price weakness I think it's good to buy"
Shapiro said: "Splunk, I just like the name it's a software for services that use the cloud. It's getting very good write-ups, its sales growth over the last few years have been astonishing and it's in security software and it's in Internet of Things software. So there are three companies in that space, they are Accenture, Salesforce and Splunk, but you won't forget the name Splunk."