Market Wrap - Stock picks — Facebook and Quilter
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David Shapiro from Sasfin Securities chose Facebook as his stock pick of the day and market commentator Nolwandle Mthombeni chose Quilter.
Shapiro said: "I like the company that we all like to hate, Mark Zuckerberg's wealth has now gone through 100 billion for a valid reason and I think in this kind of environment and as we go into lockdown I can only see companies like Facebook just getting stronger and stronger.
Mthombeni said: "My stock pick is Quilter, I think the market has recovered quite well and they're a defensive company. With so much uncertainty I think their benefitting from the flows going into to the business"
Shapiro said: "I like the company that we all like to hate, Mark Zuckerberg's wealth has now gone through 100 billion for a valid reason and I think in this kind of environment and as we go into lockdown I can only see companies like Facebook just getting stronger and stronger.
Mthombeni said: "My stock pick is Quilter, I think the market has recovered quite well and they're a defensive company. With so much uncertainty I think their benefitting from the flows going into to the business"
