GCIIf Winners keep Winning - who are today's Winners?
Taking Stock on Tuesday 28th November 2023
Momentum is a huge factor when it comes to investing in companies.
Cliches endure because the have a ring of truth to them and the phrase winners keep on winning, losers keep on losing is never truer than when it comes to investing.
A study found that when companies with stock prices close to their 52-week high had better than expected results they had larger stock price increases compared to companies not close to their 52-week high.
So I want you help - which companies have released news ahead of expectations and are near the 52 week highs?
Here's some companies hitting 52 week highs, with a positive revenue growth & operating margin.
Companies discussed on “Taking Stock” today:
03:00 Next #NXT
04:23 & 06:00 09:20 Rolls Royce #RR.
08:25 Good Energy #GOOD
10:17 B. P. Marsh #BPM
10:58 Journeo #JNEO
13:00 Upland Resources #UPL
13:26 Atlantic lithium #ALL
15:05 & 16:15 easyJet #EZJ
15:55 Metro Bank #MTRO
16:30 DP Eurasia #DPEU
17:20 Rightmove #RMV
17:35 OnTheMarket #OTMP
18:10 Crimson Tide #TIDE
19:10 Supreme #SUP
21:45 Focusrite #TUNE
26:30 Hochschild #HOC
27:12 Hummingbird Resources #HUM
27:53 Shield Therapeutics #STX
28:30 Venture Life #VLG
29:19 Kinovo #KINO
31:25 Marlowe #MRL
32:50 Warpaint #W7L
TOP BUSINESS STORIES
UK shop price inflation at lowest since June 2022
Shoppers at British store chains have seen the slowest increase in prices in almost a year and a half but retailers might struggle to keep inflation on its downward path, an industry group said on Tuesday.
The British Retail Consortium said annual shop price inflation dropped to 4.3% in the 12 months to November, its weakest since June 2022 and slower than October's 5.2% rise.
It was the sixth month in a row that the pace of price growth weakened.
Bank boss concerned over UK growth outlook
The governor of the Bank of England has raised concerns over economic growth as he warned again that interest rates will not be cut in the "foreseeable future".
Andrew Bailey said he was concerned over the UK economy's potential to grow, adding "there's no doubt it's lower than it has been in much of my working life".
Last week, the independent Office for Budget Responsibility (OBR) said that while it expected the UK economy to grow by 0.6% this year, the outlook for the next couple of years was not as good as previously predicted.
It cut its growth outlook to 0.7% in 2024 and 1.4% in 2025 - down from previous forecasts of 1.8% and 2.5%.
UK online spend rises 5.6% over Cyber weekend -Adobe
British shoppers spent 3.45 billion pounds ($4.35 billion) online between Nov. 24-27, according to data from Adobe Analytics on Tuesday, up 5.6% year-on-year.
Adobe said British shoppers spent 1.04 billion pounds on Black Friday and an additional 2.41 billion pounds over the following three days, a period known as Cyber weekend.
Adobe said British shoppers spent 475 million pounds through 'Buy Now Pay Later' services over Cyber weekend, accounting for 13.8% of total online spend and up 15.8% compared with the same period the previous year.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.