Stock Watch - Stock picks — CVS Health and L'Oreal
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Wayne McCurrie from FNB Wealth & Investments chose CVS Health as his stock pick of the day and David Shapiro from Sasfin Securities chose L’Oreal.
McCurrie said: "I'm going with an American company called CVS Health, a hospital health group and they came out with their results on Tuesday. Slightly disappointing results but their outlook is very very good. They're forming some alliances and with people going online, they've hit the mark with healthcare at home. Their price earnings ratio looks relatively low."
Shapiro said: "I'm going for L'Oreal, they have very good skincare products and coming on the back of some very good numbers, I think stay at home people, the return of the Asian markets has been pushing up the demand for skincare - particularly online."
McCurrie said: "I'm going with an American company called CVS Health, a hospital health group and they came out with their results on Tuesday. Slightly disappointing results but their outlook is very very good. They're forming some alliances and with people going online, they've hit the mark with healthcare at home. Their price earnings ratio looks relatively low."
Shapiro said: "I'm going for L'Oreal, they have very good skincare products and coming on the back of some very good numbers, I think stay at home people, the return of the Asian markets has been pushing up the demand for skincare - particularly online."