Graham Spooner, Investment Adviser at The Share Centre, looks at last week’s top buys and this week’s top tips.
The Share Centre’s Customer top buys from the last 7 days:
- BP – No obvious reason, but share price is some way off its March highs.
- Aviva – Investors buy as the prospective yield approaches double figures.
- Lloyds Bank – News on more money to be made available to banks boosts sector.
- Petrofac – Contract win and weakness in share price attracts investors.
- Glencore – Director indicating that he would be looking to buy into recent weakness
The Share Centre’s top tips for this week:
- Compass Group (lower risk) Food support services group, with well regarded management. Viewed as having some defensive qualities, an improving dividend and share buyback scheme, which should all help support the share price.
- United Utilities (lower risk) With the markets again in a nervous frame of mind, defensive sectors have come to the fore. This water company services the North West of England and currently has a yield of around 5 pct. There has been a number of take-overs in the sector in the past and vague rumours of a bid in the sector have again been circulating.
- Intercontinental Hotels (Medium risk) The world’s largest hotel operator by room numbers, recently came out with a solid trading update. Its US and Asian operations are performing well despite the present economic concerns. There has even been talk of consolidation in the sector and it is worth noting that an activist investor has been building a stake in the group.
- Vodafone (Medium Risk) There is growing thoughts that the company could again benefit from another dividend from its holding in US company Verizon. An already attractive dividend yield could be boosted further as a result.
- Monitise (Higher risk) The group’s technologies allow payments and share trading from mobile phones. The company is yet to make a profit, but has some potentially lucrative tie ups with Visa in the US and Europe and announced a new contract with Co-op bank last week.
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Warning: Remember, particularly if you are new to trading in the stock market and in forex, that the prices of shares and other investments can fall fast and you may not get back the money you originally invested. The material here is for general information only and is not intended to be relied upon for individual investment decisions. Take independent advice before making such decisions. Also, the BullBearings free stock exchange simulation portfolios are a good way to practice trading techniques.