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Who will Win this year? Bulls or Bears? Plus John's "Ultrascreen"

14:52, 2nd February 2024
Justin Waite
Taking Stock

Taking Stock on Friday 2nd February 2024

Who will Win this year? Bulls or Bears?

John's Ultrascreen!

Companies mentioned on, "Taking Stock" today:

05:20 BT Group #BT.A 
07:10 Diageo #DGE 
09:00 & 19:45 YouGov #YOU 
09:15 Hvivo #HVO 
11:28 AJ Bell #AJB 
12:30 Ingenta #ING 
13:30 Intercede #IGP
14:25 Tristel #TSTL
14:45 Keystone Law #KEY 
15:03 Gamm Communications #GAMA 
17:40 Bioventix #BVXP 
19:45 YouGov #YOU 
27:10 Venture Life Group #VLG 
28:20 Cambridge Cognition #COG 
28:48 IQ-AI #IQAI 
31:15 Tertre Rouge #TRA 
35:50 Hemogenyx #HEMO 
36:50 Revolution Beauty #REVB 
37:38 Superdry #SDRY 


AI will not be mass destroyer of jobs - Bank chief

Artificial Intelligence (AI) will not be a "mass destroyer of jobs" and human workers will learn to work with new technologies, the governor of the Bank of England has told the BBC.

Governor Andrew Bailey said while there are risks with AI, "there is great potential with it".

The Bank says businesses expect to see the benefits to productivity soon.

Almost a third told the Bank they'd made significant AI investments in the past year.

(Click here to read more)

UK public's long-run inflation expectations rise to 9-month high: Citi/YouGov

The British public's expectations for inflation increased in January, potentially because of worries about disruption to shipping in the Red Sea, a survey published by U.S. bank Citi showed on Friday.

Public expectations for inflation in the next five to 10 years rose to 3.6% in January from 3.4% in December, their highest since April 2023, according to the survey, which is conducted by online polling company YouGov.

(Click here to read more)

Apple iPhone sales slump in China as Huawei's foldable phones gain momentum

Apple shares slumped in after-hours trading - driven by disappointing iPhone sales in China and a warning that future revenues will fall well short of expectations on Wall Street.

The gloomy market reaction overshadowed an otherwise strong financial performance in Apple's first fiscal quarter.

In the three months to 30 December, the tech giant reported sales of $120bn (£94bn) and profit per share of $2.18 (£1.71) - comfortably beating targets set by analysts.

However, Apple's chief financial officer has warned that revenue in this current quarter will be at least £5bn (£3.9bn) less than the same period a year ago.

Sales of iPhones in China - a key market - are in sharp focus, as they were $3bn (£2.35bn) less than what analysts had anticipated.

The latest results will fuel concerns that Apple is losing ground here, with consumers switching to foldable smartphones and devices made by local rival Huawei.

In an interview with Reuters, Apple CEO Tim Cook admitted that China is the most competitive smartphone market in the world.

(Click here to read more)


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.

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