Stock Watch - Stock picks — Visa and Disney
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Wayne McCurrie from FNB Wealth & Investments chose Visa as his stock pick of the day and David Shapiro from Sasfin Securities chose Disney
McCurrie said: "Visa came out with results on Wednesday, they weren't fantastic but earnings were up and they beat market expectations a little bit, but the structure of the company is geared toward massive cash generation and the one thing that Covid has done is cause people to not carry cash anymore...everything is now going onto cards."
Shapiro said: "I chose it before I saw that the price had run already by 10 but nevertheless, they've got a hundred million subscribers now on Disney plus, so it's really becoming very successful. Yes they're losing on the theme parks, they're losing on the entertainment side they've also made money by not paying you all the sports companies for the rights because they're not playing sport,s so there's been at lot of cost cutting going there. But they've got a magnificent array or a library of content it's a very good side to the business and I can imagine that as long as we are where we are they're going to continue to attract more supporters.
McCurrie said: "Visa came out with results on Wednesday, they weren't fantastic but earnings were up and they beat market expectations a little bit, but the structure of the company is geared toward massive cash generation and the one thing that Covid has done is cause people to not carry cash anymore...everything is now going onto cards."
Shapiro said: "I chose it before I saw that the price had run already by 10 but nevertheless, they've got a hundred million subscribers now on Disney plus, so it's really becoming very successful. Yes they're losing on the theme parks, they're losing on the entertainment side they've also made money by not paying you all the sports companies for the rights because they're not playing sport,s so there's been at lot of cost cutting going there. But they've got a magnificent array or a library of content it's a very good side to the business and I can imagine that as long as we are where we are they're going to continue to attract more supporters.