| Bargain Blue Chips 5 stocks trading significantly below their 2018 highs Seeking out undervalued companies that can offer attractive potential for a bounce back to what investors feel represents their "fair value" is a strategy often favoured by FTSE investors. With this approach in mind, our latest report looks at 5 Bargain Blue Chip stocks; medium-term charts, potential support and resistance levels, broker recommendations and target prices 78% of retail clients lose money, consider affordability. Get the report here » | | | London open: Stocks fall as US-China trade tensions escalate | | | | | London stocks fell early on Monday as trade concerns continued to weigh on investors' minds, with US President Trump set to slap tariffs on a further $200bn on Chinese imports. At 0830 BST, the FTSE 100 was down 0.4% to 7,277.95, while the pound was up 0.1% against the dollar at 1.3079 and flat versus the euro at 1.1245. According to the Wall Street Journal, Trump has instructed aides to press ahead with tariffs of 10% as early as Monday, while Beijing is considering declining the US administration's offer of negotiations later this month. Analyst Jasper Lawler at London Capital Group said: "The decision to start to apply tariffs, which are rumoured to be 10%, rather than the initially higher level of 25%, is expected despite Treasury Secretary Steve Mnuchin’s attempts to restart talks with the Chinese to try to resolve trade difference between the two powers; once again highlighting the hap hazard approach of the White House in its America First protectionist policies. "Trade concerns have been simmering for months and it is growing increasingly clear that neither side is prepared to back down, which is fanning fears that the world's two biggest economies are heading towards a trade war. For now, developed markets are taking heart from the scant signs the trade spat is able to shake the global economy." There was some more pleasing data for UK home owners as figures released by Rightmove earlier showed that house prices bounced back in September. Prices rose 0.7% on the month following a 2.3% decline in August amid signs of a recovery in London and a pickup in sales of the capital's most expensive properties. On the year, prices were up 1.2% compared to a 1.1% increase the month before. In Greater London, house prices were up 1.2% on the month, but down 0.5% on the year. Rightmove said there were signs of renewed buyer activity in the upper price sectors in London, with a 6% increase in the number of sales agreed for properties of £750,000 and over compared to the same month last year. Miles Shipside, Rightmove director and housing market analyst, said: "Buyer affordability has been increasingly stretched by seven years of national average property price rises outstripping buyers’ average wage inflation. However in London, after asking prices rose by over 50% between 2011 and their peak in 2016, there have been two years of subsequent price falls in parts of the capital. Now, there are signs that these price reductions in parts of London have led to an upturn in buyer activity as sentiment improves." Lawler said: "This is some welcome good news for the housebuilders, after the UK housing market has been struggling thanks to slower economic growth, Brexit fears and weaker confidence, all of which have been more acutely felt in the capital." Miners retreated as copper and iron ore prices fell, with Glencore, Antofagasta, Anglo American and BHP Billiton all weaker. ITV was lower after reports emerged over the weekend that it has entered the bidding for the leading independent production house Endemol Shine, the £3bn maker of programmes including Big Brother, The Fall, MasterChef and Peaky Blinders. Prudential was in the red after saying that M&G Prudential will take on around £3.5bn of subordinated debt when it is spun off, subject to approval from its new board. On the upside, Dairy Crest rallied after it said strong sales from its largest cheese and butter brands will mean first half revenues will churn higher than last year. The FTSE 250 group expects half-year profit will be "slightly ahead" of last year but expectations for the full year remain thus-far unchanged. Sirius Minerals racked up strong gains as it secured a supply deal to sell up to 2.5m tonnes per year of POLY4 - its flagship fertiliser product - to Brazilian fertiliser distribution company The Cibra Group. IP Group ticked higher as it appointed Sir Douglas Flint as non-executive chairman and director of the company. Flint, who succeeds Mike Humphrey, will become chairman elect with immediate effect and will assume the role of chairman from 1 November. St. Modwen Properties was on the front foot after announcing the appointment of Danuta Gray as chair designate and non-executive director with effect from 1 October. On the broker note front, Compass was started at 'outperform' by Bernstein, while Tullow Oil was upgraded to 'hold' at HSBC. Hays and Sophos were cut to 'hold' at HSBC and Deutsche Bank, respectively, while Caretech was initiated at 'buy' at Liberum. | | | | | Invest in the revolutionary combustion technology that’s reducing emissions and cutting costs – with 400% Projected ROI by year 3 Find Out More | | | | Top 10 FTSE 100 Risers| Sponsored by Interactive Investor | 
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| | | eToro Daily Update 17/09/2018 | | | | Today’s highlights: Global markets react to possible trade war escalation - Wall Street closes slightly higher: As concerns of an escalating trade war between the US and China continued to pressure markets, the Dow Jones and S&P 500 managed to close higher on Friday. The Nasdaq, however, closed slightly lower. Several stocks reached new all-time highs, including Microsoft, Adobe, Activision Blizzard, Etsy and others.
- Crypto market steady: 9 of the top 10 cryptos registered slight gains over the past 24 hours, mostly holding to price levels seen over the weekend. At the time of writing, Bitcoin was trading around the $6,500 mark. Of the top 10 cryptos, Bitcoin Cash showed the most gains, rising approximately 3.5%.
- Asia seen lower: Due to rising concerns of the US-China trade war, markets in the East were in the red this morning, as the Hang Seng and China50 indices both registered losses. Markets in Japan are closed today, in observance of Respect for the Aged Day.
Read More.. | | | US close: Stocks end volatile session higher, another record high for AMD | | | | | Wall Street finished a volatile session of trading higher as investors investors reacted, first to a weaker-than-expected reading on US retail sales for August and then to reports that the US administration was intent on moving ahead with further tariffs on China, even as the US Treasury Secretary was reportedly leading an effort to restart trade talks. At the closing bell, the Dow Jones Industrial Average had edged higher by 0.03% or 8.68 points to 26,154.67, alongside a dip of 0.05% or 3.67 points to 8,010.04 for the Nasdaq Composite and an advance of 0.03% or 0.80 points to 2,904.98 on the S&P 500. From a sector standpoint, the best performing segments of the market were: Marine transportation (6.54%), Aluminium (2.44%), Life insurance (2.25%), Recreational services (1.78%) and Aerospace (1.41%). In parallel, the CBoE's volatility index was off by 2.43% to 12.07 points. Chris Beauchamp, chief market analyst at IG, said: "US markets have returned to their winning ways this week, and even a shift towards a more hawkish view from policymaker Lael Brainard has not unduly disturbed equities. As CPI cools and wages rise, the US seems set to continue is economic outperformance, though the ongoing outflows in US equities suggests we are not at the 'irrational exuberance’ phase of this rally just yet." Shortly after the open, reports surfaced that President Donald Trump supported levying tariffs on a further $200.0bn-worth of Chinese goods, despite efforts led by Steve Mnuchin to bring Beijing back to the negotiating table - sending stocks tumbling lower. That followed a mixed start to trading following news that US retail sales increased by 0.1% month-on-month in August, falling short of the 0.4% rise which analysts had predicted. Nevertheless, the impact on sentiment from those figures was offset by others revealing stronger-than-expected levels of industrial production and consumer confidence for August and September, respectively. Nevertheless, the details of the latter also revealed that the potential economic cost of trade tariffs was on consumers' minds. The University of Michigan's preliminary consumer confidence gauge for September printed at 100.8, versus a reading at the end of August of 96.2 (consensus: 96.2). According to Richard Curtin, the survey director, Americans were expecting the expansion to continued over the year ahead, creating new jobs. But over the next five years, a downturn was expected by many. "While consumers were somewhat more likely to anticipate that the economic expansion would continue uninterrupted over the next five years, nearly as many expected another downturn sometime in the next five years," Curtin said. "The largest problem cited on the economic horizon involved the anticipated negative impact from tariffs. Concerns about the negative impact of tariffs on the domestic economy were spontaneously mentioned by nearly one-third of all consumers in the past three months, up from one-in-five in the prior four months." In corporate news, shares of chip-maker AMD hit a fresh 12-year high after analysts at Argus hiked their target for the stock from $23.0 to $40.0. NiSource fell on news that customers of one of its regulated utilities, Columbia Gas of Massachusetts, were ordered to evacuate their homes following gas-related explosions. Elsewhere, medical marijuana company Tilray was also sharply lower on the back of a Politico report that Canadians who work in the industry or invest in the sector could risk a lifetime ban on travel to the US. | | | Atlantic Advisory - Share Tips of the Year 2018 | | | Monday newspaper round-up: Tariffs, Brexit, banks, robots, trains | | | | | President Trump is expected to announce tariffs on another $200 billion of Chinese imports as early as today in the latest front of America’s assault on global trade. He was reported over the weekend to have instructed his officials to hit about 1,000 Chinese goods with import duties of 10 per cent, from refrigerators to electrical components, circuit boards, furniture and toys, which are likely to drive up prices for US consumers. - The Times The European Union is secretly preparing to accept a frictionless Irish border after Brexit in a move that raises the prospect of Theresa May striking a deal by the end of the year. In a concession to British concerns, EU negotiators want to use technological solutions to minimise customs checks between Northern Ireland and the Irish Republic. - The Times The EU is proving unable to convince Theresa May that by using “trusted trader schemes” and technology its proposal to in effect keep Northern Ireland in the customs union and single market will not draw a border in the Irish sea. The Brexit negotiations have reached an impasse over the failure to find an acceptable solution to avoiding a hard border on the island of Ireland after the UK leaves the EU. - Guardian The British Chambers of Commerce (BCC) has downgraded its prediction for UK growth this year and the following, joining a growing number of forecasters that warn Brexit uncertainty has sapped the economy’s strength. Looking ahead to the end of the year, economists at the BCC said GDP growth will fall to 1.1% from a previous forecast of 1.3% while next year it will hit only 1.3%, down from 1.4%. - Guardian The world’s major economies are skating on dangerously thin ice and lack the fiscal, monetary, and emergency tools to fight the next downturn. “We have no ability to turn the economy around,” said Martin Feldstein, President of the US National Bureau of Economic Research." - Telegraph The City is growing increasingly concerned about the probability of a Jeremy Corbyn-led government taking power as early as this year. Analysts at Keefe, Bruyette & Woods conclude that the chances of the Government collapsing after failing to win support for a Brexit deal have jumped, which could lead to a snap election and Labour victory. - Telegraph The Government has teamed up with top banks on a joint anti-fraud initiative to tackle the rise in scams hitting UK consumers. Ministers have become increasingly concerned about the impact of fraud in recent months, with attacks on more than 1,300 TSB customers after the bank’s high profile IT meltdown grabbing headlines this summer. The rise of machines, robots and algorithms in the workplace stands to create almost double the number of jobs for the global economy by the middle of the next decade than it puts at risk of being replaced. According to the World Economic Forum (WEF), about 133m jobs globally could be created with the help of rapid technological advances in the workplace over the next decade, compared with 75m that could be displaced. - Guardian Chris Grayling’s “full review” of the railways is in danger of being a fudge, according to industry bosses who fear reforms will be more of a tinkering with the franchise system than a “big bang” revolution. It is believed that the embattled secretary of state for transport will launch his review this week to coincide with — or perhaps overshadow — the publication of the Office of Road and Rail’s inquiry into Network Rail’s summer timetable fiasco, which hit services on Northern Rail and Thameslink. - The Times A radical new system of insurance to fund care of the elderly is being considered by ministers as they try to get a grip on the issue that almost lost the Conservatives the last election. The Health Secretary told The Telegraph the “opt-out proposal” modelled on the pensions scheme would mean every adult in England was expected to pay into a national fund to cover their care in later life. France may have lifted the World Cup trophy this summer, but one of the biggest winners off the pitch was the pub company behind the Walkabout and Sports Bar & Grill chains. Stonegate Pub Company, which is backed by TDR Capital, the private equity firm, will today report like-for-like sales growth of 19.2 per cent during the tournament as football fans flocked to its venues to enjoy the atmosphere. - The Times A British Uber wannabe that failed spectacularly after burning through millions of dollars and lavish spending is on the road to recovery almost two years after it collapsed into administration. Karhoo has been restructured under two French bankers and backed by the automotive financing arm of Renault. - The Times Queensland police are still unsure if the sabotage devastating the nation’s strawberry industry is the work of a single person or several people acting independently. The crisis is spreading after metal needles were found in strawberries in Queensland, and as far away as Perth, Tasmania and New Zealand. - Guardian Mike Ashley, the boss of Sports Direct, is set to turn his hand to becoming a luxury property developer in one of London’s most exclusive neighbourhoods. A luxury residential scheme in Chelsea, backed by Mr Ashley, has moved a step closer to being developed.- The Times | |
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